Operations & Finance

To The Point: The Risk-Reward of Farming

Since much of what we're reading these days is about the drought of 2012 and its impact on commodity prices and ultimately its effect on food prices, I am reminded of the risk-reward tradeoff I learned about back in my college days. It makes me wonder why no one pays much attention to the risk? side of the equation. According to the risk-return tradeoff, you must spend money to make money. Or more correctly, it says reinvested money can render higher profits only if it is subject to the possibility of being lost.?
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Special Report

Beyond Breakeven by Insuring Crop Profits

As many U.S. senior citizens have learned about health insurance, Federal Medicare benefits help, but it's only a start in covering the big? costs involved with medical care. Most find that supplemental insurance is a must. Farmers are finding the same is true with Federal crop insurance. In a really bad year -- or even just a challenging year -- supplemental weather insurance can mean the difference between staying afloat and actually sailing all the way to the bank.
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Special Report: Weather

Weather Patterns Affect Farmers' Equipment Purchasing Decisions

According to a recent survey of U.S. farmers, two-thirds of them believe the weather is becoming more volatile throughout the major growing regions of the U.S. As a result, some farmers are purchasing equipment they believe will help them adapt to the changing weather patterns. At the same time, some farmers say they delayed equipment purchases due to the drought this year.
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Special Report: Weather: Battling Drought with Systems-Based Approach

The combination of biotech traits, genetics and agronomic practices all work together to help mitigate drought risk, according to Chan Mazour, director of Monsanto's Gothenburg Water Utilization Learning Center. "Something like 90% of the country will experience drought at some point during the growing season,"? he says. "If I was a farmer, my strategy would be to make every good decision I can from genetics, biotech and an agronomic standpoint to protect myself as much as possible if drought sets in."
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Purple Wave Ranked 3176 on 2012 Inc.'s 5000

Inc. magazine today ranked Purple Wave Auction No. 3176 on its Inc.5000, an exclusive ranking of the fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America's independent entrepreneurs.
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Wider World of Business

How to Protect Your Business from Natural Disaster

Many small businesses — but perhaps not enough — have already braced themselves for a worst-case scenario. The two most critical components of small business disaster survival, they've found, are a comprehensive backup of business data and systems, and an insurance policy that will allow them to rebuild if a business is decimated.
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