Tag Archives: Management

The Great Debate: Harvesting vs. Grazing Forage

Contributed by Carl Stafford, Senior Extension Agent, Animal Science, Culpeper County

Wintering cost is one of the biggest expenses in producing beef cattle. John Howe, Spotsylvania Extension Agent, explained the difference in the cost of a pound of dry matter from pasture vs. that from harvested feed. He found that the equipment harvested feed can run 3 to 4 times the cost of that harvested by cattle.  Gordon Groover supports Howe in his article, “What I Know about Forage Economics,” Virginia Forager, Fall 2016, page 7.  He finds that each ton of hay could have more than $200 per ton equipment depreciation before “out-of-pocket” expenses are added.

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Overhead Costs to Employ Agricultural Guest Workers

***Update: The Event has been cancelled due to Hurricane Matthew. We hope to reschedule for the Spring Semester.

Jillian Broadwell, Communication Specialist, Department of Agriculture and Applied Economics, Virginia Tech
Derek-Farnsworth

Please join us this Friday for a webinar with Dr. Derek Farnsworth, Ph.D.!

Dr. Farnsworth is an Extension Economist at the University of Florida and we look forward to sharing his insights as we broadcast the event live! Please find details for accessing the webinar below.

 

Friday, October 7, 2016 

3:00 – 4:00 pm, EST

How to join the meeting

Step 1.   Go to the meeting URL: https://virginiatech.webex.com/meet/KLMorgan

The WebEx meeting room will open by 2:30 pm EST for testing.  Enter your name and email address.  The meeting will begin promptly at 3:00 pm EST.  First-time WebEx users will be prompted to download and install the WebEx plug-in.  Once installed, you will be taken to the meeting Quick Start screen.

Step 2.  After joining the meeting, choose an audio option to hear the audio portion of the meeting.  Use the Call Me option with a telephone or the Call Using Computer option with your computer’s speakers or a headset.  You will not need a microphone or webcam for this meeting.

See the links below for more details about WebEx audio options.

A note about the WebEx plug-in for VA Department of Agriculture and Consumer Services

The WebEx plug-in will not install if you do not have administrative rights on your PC.  To confirm you can install the WebEx plug-in, go to http://www.webex.com/test-meeting.html to join a WebEx test meeting.

If you do not have the correct privileges to download and install the WebEx plug-in, you should see a link on the WebEx set-up screen that says, “Run a temporary application to join this meeting immediately.” If you click that link the WebEx Meeting window will display without the plug-in being installed.

Consult with the IT professional for your organization for assistance.

 

 

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Farm Financial Risk Management Publications for Beginning Farmers are now Available

There are many factors to consider before you start a new farm enterprise. Financial management is an important component in the start-up and decision-making process for beginning farmers. The purpose of this resource is to introduce you to the farm financial system and risk management for beginning farmers.  The topics covered in this resource are not all-inclusive, but after reading these papers, you should be prepared to move forward in planning for your farm.

Authors: Kim Morgan, Assistant Professor, Ag and Applied Economics, VA Tech;
Peter Callan, Extension Agent, Farm Business Management, Culpeper County;
Allyssa Mark, Graduate Research Assistant, Ag and Applied Economics, VA Tech;
Kim Niewolny, Associate Professor; Ag, Leadership, and Community Education, VA Tech;
Theresa Nartea, Assistant Professor, Virginia State University;
Kelli Scott, Extension Agent, Montgomery County;
Jim Hilleary, Extension Agent, Loudoun County

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The Management Calendar

Gordon Groover (groover@vt.edu), Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

Farm business managers should consider putting the following activities on their management calendar this winter. Continue reading

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Virginia Market Maker, Part III: Virginia Market Maker Offers Added Value to Registered Farms and Agribusinesses!

Dr. Kimberly L. Morgan (klmorgan@vt.edu), Assistant Professor, Agricultural and Applied Economics, Virginia Tech

MarketMaker, a web-based portal that serves as a virtual marketplace for producers, distributors, and sellers, and buyers of agricultural products, seeks to provide farm-to-fork access to participants in the food supply chain.

Currently, alternative online lists and portals are offered that contribute to connecting people and businesses involved in the production, distribution, storage and sales of local food, and resources produced by Virginia farms and agribusinesses. This purpose of this article is to highlight the unique characteristics of MarketMaker that offer added value to registered businesses and consumers who seek to use the portal as a marketing strategy to improve overall profitability of their operation. Continue reading

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Dairy-Margin Protection Program (MPP)

Jeremy Daubert jdaubert@vt.edu, Rockingham County Dairy Extension Agent

It is time again to consider signing up for the Dairy-Margin Protection Program (MPP). This year’s election period runs through September 30th for the 2016 production year. Every farm that enrolled for 2015 will need to re-enroll before the deadline. You may enroll at a different coverage level than you did the previous year or at the same level. The chart below shows the premiums at each coverage level. The premium is per cwt (100 lbs of milk shipped) and is in addition to the $100 fee. Continue reading

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Virginia Tech Income Tax School

By L. Leon Geyer (geyer@vt.edu), Professor, Agricultural Law, Department of Agricultural and Applied Economics, Virginia Tech

 This year we offer three seminars: 1) Introductory Tax Preparation 2) General Income Tax and 3) CPA Ethics.

1. Introductory Tax Preparation Seminar

Two 1-day seminars offered as live instruction. These seminars are designed for those who wish to prepare tax returns and will focus on IRS form 1040. It is designed for those who are new to taxes, or those who simply seek a refresher course. Those interested can attend in Roanoke on Jan. 4th or Richmond on Jan. 5th. Please refer to www.tax.vt.edu for more information. Continue reading

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Virginia Market Maker, Part II: Featured Virginia Agribusiness on Virginia Market Maker!

Dr. Kim Morgan, Assistant Professor and Kohl Junior Faculty Fellow

Market Maker, a web-based portal that serves as a virtual marketplace for producers, distributors, and sellers, and buyers of agricultural products, seeks to provide farm-to-fork access to participants in the food supply chain.va-MarketMakerLogo-rgb Continue reading

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No Farmer is an Island

Peter Callan, Extension Agent, Farm Business Management, Northern District

In late May I had the opportunity to travel with a friend to visit the farm and ranch that she grew up on which is located 150 miles southeast of Calgary, Alberta. This is an area that has dry land farming and ranching where the stocking density is four cows per quarter section (160 acres). Within the last two months two disasters struck a fourth generation rancher/farmer and his family. Continue reading

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The Management Calendar

Gordon Groover, Extension Economist, Farm Management, Department of
Agricultural and Applied Economics, Virginia Tech

Listed below are the items that should be considered for inclusion on the farm business managers’ calendar for spring and summer of 2015:

  • Half the business year will soon be behind us and a six-month financial record check-up is in order.  Updating your records through the month of June allows you to quickly gauge financial progress by comparing the farm’s actual expenses and income to your budgeted amounts.  If you did not develop a budget, compare your mid-year expenses and income to half the items reported on your 2014 Schedule F.  Flag any items that are different from budgeted amounts.  These differences are not necessarily problems, just items that need to be examined and explained.

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