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May 22, 2025
Crop Insurance Papers
published on AgManager.info. Contact jifft@ksu.edu for an individual … These are estimates only. Contact an insurance agent for information …
Position Announcements
Upload a resume including contact information for 3 professional … For more information, contact: Kellen L. Liebsch, Associate …
Position Announcements
Upload a resume including contact information for 3 professional … For more information, contact: Kellen L. Liebsch, Associate …
May 1, 2016
Beef Cattle
INFORMATION:
With Questions Contact:
Dustin L. Pendell, Ph.D. Dale …
June 29, 2016
INFORMATION:
With Questions Contact:
Dustin L. Pendell, Ph.D. Dale …
October 1, 2017
Activities
Liability
With Questions contact:
Robin Reid Kevin Herbel Dr …
December 18, 2017
Section 3: Developing a Balance Sheet, Financial Statements and Ratios
Liability
With Questions contact:
Robin Reid Kevin Herbel Dr …
December 18, 2017
Section 5: Long-Range Planning (FINLRB), Financial Statements and Ratios
Liability
With Questions contact:
Robin Reid Kevin Herbel Dr …
December 6, 2017
Liability
With Questions contact:
Robin Reid Kevin Herbel Dr … Liability
With Questions contact:
Robin Reid Kevin Herbel Dr …
December 1, 2015
KFMA Newsletters
4
$48,171. If the profitability of the farm is generally strong and well managed this strategy can be effective as a bridge
from where you currently are to where you need to be. However, any time I recommend this I always say, “You do this
once in your lifetime.” This strategy is what got some farmers into financial trouble in the late 1970’s and 1980’s.
Refinancing a poorly managed farm that has already exceeded its repayment capacity only to increase debt further is a
very bad strategy and not one I want to be a part of. However, it can breathe life back into a business that is temporarily
running low on working capital and is impairing the efficiency of the farm.
Another possibility is to sell some land to generate additional capital that allows your farm to move forward efficiently. I
know this sounds crazy. Farmers like to accumulate land and selling land is somehow viewed as a sign of weakness.
However, given land prices it can generate a lot of liquidity that can be the fuel for growing the farm in ways that
otherwise may not be possible. If you mortgage the land the lender will generally require a 30% ‐ 50% margin. If you
sell the land you can reap 100% of the proceeds less commission and the tax liability. It is important to understand the
tax consequences of selling land. With the tiered capital gains rates we have today, planning can be very effective in
reducing the tax exposure. Do NOT sell land without first consulting with your economist.
In these times of tight margins I just want you to be keenly aware of your working capital position and your repayment
capacity. Look ahead a few years and see what machinery replacement needs you have and prioritize carefully as your
farm will only have so many dollars available for debt service on these items. I urge you to know more about your
business than your lender. Be proactive and think about strategies you may need to implement should the need arise.
KFMA economists and some extension agents are currently being trained to utilize a software program called FINPACK
to help producers evaluate their current financial position and compare alternative scenarios. This program can give a
future financial picture of major business changes such as adding or expanding an enterprise, restructuring debt,
purchasing new equipment, farm transitions and much more. FINPACK can also help when working with your lender, to
help them understand a long‐range plan to service debt in your operation. Contact your KFMA economist for more
information. …