Data & Forecasts

Vertical Tillage is Not No-Till

Iowa conservationists with USDA's Natural Resources Conservation Service (NRCS) are disturbed by the number of row-crop farmers using vertical tillage tools. Vertical tillage often leaves the soil covered with crop residue, but it is not the same as true no-till.
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Don't Become a Statistic

Let's talk about the weather, bad weather. Last year, the U.S. had a record 14 weather and climate disasters that each caused at least $1 billion in damages. Now, let's talk business, closed businesses. More than 43% of businesses won't reopen their doors after a disaster, according to Scott Owens, managing director of BluTinuity LLC, a disaster planning and management consulting company. And, for those that open, 29% will fail within two years, he says.
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Business of Selling

Cash Difference Compensation Plan = Low Margins

In a survey conducted several years ago on how equipment dealers compensated their sales personnel, it was revealed that 30% of the dealers paid their sales personnel on the basis of salary while 28% of the dealers paid their sales force on the basis of "cash difference." While salaried sales compensation was the basis of last month's column, this column will explore the nuances associated with paying sales personnel on the basis of the cash difference that is "drawn"? on each transaction.
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Auctions No Longer 'Last Resort' for Dealers

It wasn't that long ago that a lot of farm equipment dealers did everything they could to avoid sending even their most aged used machinery to an auction service to get it off their lots. But executives from some of the most active services handling ag equipment say they're seeing increasing numbers of dealers utilizing auctions as part of their marketing plan.
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