Purdue Extension

Economic Development - Farm Business Management

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This publication is for certified private applicators to record applications of restricted use pesticides.

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Should your farm entity participate in a carbon market? In this publication, a Purdue University educator advises that farm managers should get answers to seven questions before signing up.  More...
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The Farm's Legacy: A Guidebook for Intra-Family Succession is a publication authored by the Purdue Succession Planning Team. This guidebook is a culmination of years of firsthand knowledge and expertise with farm familie  More...
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This 9-page publication summarizes advice and themes from seven Indiana farmers involved in organic grain production. It looks at their five farm operations, which were at different points in the organic transition proce  More...
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Anhydrous ammonia is available from hundreds of agricultural retailers for their farm clientele who use this fertilizer on their corn acreage. While driving through Indiana's farmland in late fall or spring, it is a comm  More...

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The US domestic supply of organic grains is falling short as demand increases. Organic farmers cite barriers that include a lack of understanding about buyers' preferences. This publication presents findings of a researc  More...
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There is no doubt that agriculture has embraced minibulk use as a very cost-effective and efficient way of moving pesticides from retailers to farms. The convenience of bypassing many smaller containers and the lower pri  More...

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There is a good reason why Indiana's motto is Crossroads of America. Our state is home to more than 10,000 miles of federal, state, and county roads and 4,000 miles of railroad tracks. Trains use these 4,000 miles of tra  More...

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Whether you get your news listening to the radio, watching television, reading the paper, or browsing online, it always seems that someone's trailer or its contents was stolen from a home, business, or worksite. It doesn  More...

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The unprecedented challenges presented by the COVID-19 pandemic may force produce growers to modify their businesses and procedures. In this publication, Purdue University and the Indiana State Department of Agriculture  More...
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Domestic demand for organic grains exceeds production. A lack of available information on marketing opportunities, supply and demand volumes, and pricing information might deter some farmers from making the switch. Th  More...

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This article will help farmers and entrepreneurs who produce food products in their homes for sale at farmers markets and roadside stands to navigate h  More...

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Soil testing is an integral part of a soil fertility management program. Effective soil testing provides information on the fertility status of soils within a field that can be used for making fertilizer or lime appli  More...

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Consumers have many options when it comes to eggs, including eggs labeled as "cage-free". This paper explains how cage-free eggs are produced at the farm level as well as the benefits and challenges associated with c  More...

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This publication is a resource for those who are considering high tunnel production or are relative beginners. This resource describes: selecting the right size and type of high tunnel for your operation, choosing a s  More...

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This publication provides information about the product mix, advertising, marketing, and other business practices of U.S. landscape firms and compares them by their business diversification strategies (landscape only;  More...

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This updated (October 2017) 119-page guide makes the task of identifying the requirements for new businesses easier. It's a comprehensive checklist that identifies the regulatory requirements that must be satisfied in  More...

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For those considering using horse-drawn power in farming, agricultural and/or agritourism operations, the cost of production must be addressed. In this paper, three Purdue University researchers discuss the importance of  More...
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The "Indiana Agricultural Statistics" app has information about Indiana's entire agricultural industry. This publication satisfies the growing need for accurate, reliable and unbiased information and data. The data i  More...
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This 6-page publication discusses points to consider in evaluating whether or not to incorporate horse-drawn farming in an agricultural operation. It includes an explanation of how to use the Purdue Horse-Drawn Farming R  More...
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This 18-page publication describes the projected cash flow statement and explains how to prepare one. Examples, exercises, and worksheets are included.  More...
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This 4-page publication discusses 2013 Indiana farm custom rates, including payment for fuel, operator labor, and machinery ownership costs. The rates were compiled from questionnaires received from farmers, land owners  More...
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Lick tubs offer dairy producers a nutrient supplement option for their pasture-raised young heifers. This publication explains what lick tubs are and provides findings of a lick tub study conducted by Purdue University r  More...
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Pricing silage crops can be much more challenging than pricing grains. This publication outlines methods for determining prices for various types of silage and includes a Web link to Purdue's Corn Silage Crop Calculator  More...
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Drought conditions create numerous challenges on a dairy farm, including slow regrowth of pasture, hay and crops to be ensiled, reduced yields, lower forage quality and increased production costs. This publication looks  More...
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Drought can affect dairy farms long after the dry spell is over. That is especially true when it comes to the manure applied to crop fields and the rate at which it is applied. This publication offers tips for fertilizin  More...
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Distillers grain is a popular livestock feed because of its availability and the cost of alternative feed grains. This publication looks at how best to incorporate distillers grain into the diets of post-weaned dairy hei  More...
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Dairy farmers considering shutting down their operations following a drought should carefully weigh the pros and cons of exiting the dairy industry. This publication walks dairy farmers through the decision-making proces  More...
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The 40-page publication helps you measure the financial position of your farm business and analyze how changes may improve performance. A value-added feature is that it also includes a downloadable copy of an Excel®  More...
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A 4-page publication reporting the results of a 2012 survey of Indiana farmers, farm owners, farm custom operators, and professional farm managers on custom rates for farm machinery. included are rates for land preparat  More...
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Publication providing beef cattle producers information on preconditioning, a management practice for preparing calves for a successful feedlot experience. Covers team building, weight gain, herd health and nutrition and  More...
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This publication explains how to estimate breakeven sales for your business to help you set goals concerning the sales volume you will need to for your small business to be profitable.

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This publication explains the seven elements of a business plan, which should be the cornerstone of a small business. It also includes descriptions of common business plan errors.

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This publication helps new entrepreneurs determine how a new venture will fit with their personal and business goals. It uses the example of a new bakery start-up to illustrate the concepts discussed.

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8-page publication providing cost estimates for harvesting corn stover for bioenergy production  More...
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This publication identifies the critical factors that keep trailers properly attached to trucks. Its goal is to help you understand how those factors work together and reduce your chances of losing a trailer on a busy hi  More...

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When worn-out hoses fail or don't work, it becomes very clear how important those inexpensive parts can be. This publication describes design characteristics to look for to correctly select a hose, and offers inspection  More...

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This 8-page publication presents the results of research on the economics of harvesting corn cobs for energy. It addresses the associated, additional costs of harvesting cobs and whether or not harvesting cobs generates  More...
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The U.S. Department of Agriculture National Agriculture Statistics Service (USDA-NASS) released the 2007 Census of Agriculture on February 4, 2009. State and federal policy makers, researchers, extension personnel, growe  More...
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100-page book enabling farmers to keep accurate and effective farm records.

Format: 14.25 x 9.125 inches

Pages: 100

Language: English

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As plans for planting and getting into fields accelerate in spring, preparing ahead for manure application will help to streamline the process, insure proper nutrient application rates to support anticipated crop yields,  More...
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Under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), OPP is required to consider the benefits that pesticides provide to the United States public. Benefits assessments measure the potential economic imp  More...
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8-page publication to help farm business managers make strategic decisions in seven areas: business enterprise focus, growth/downsizing, marketing and channel linkages, financial structure and business model, organizatio  More...
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4-page publication offering a perspective on the Conservation Reserve program, including administrative issues that must be resolved for the 2007 Farm Bill.  More...
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5-page publication focusing on U.S. Farm policy formulation in an international context and highlighting conflicts that arise among competing interests in the domestic and international policy arenas.  More...
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Vertical coordination in the pork industry will continue to increase for many reasons. Some producers with stronger balance sheets will be looking for risk management strategies that generate a stable (although probably  More...
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As farmers, you know that cost reduction is clearly the place to begin when developing survival strategies if you are facing serious financial difficulties. However, another effective survival strategy is enhancing your  More...
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Many factors contribute to financial stress for small business owners, and farming is no exception. Dealing with lenders at such times can be an additional stress--or a way of relieving it. Here are 10 strategies for dea  More...
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This publication discusses risk-sharing negotiations, arbitration and how to negotiate long-term contracts.  More...
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Midwest farmers learned a lot during the 1970s-80s financial crises in agriculture about how to manage financial stress. This fact sheet reviews how to manage income, cash flow, liabilities and assets.  More...
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The manner in which you handle and manage all types of farm chemicals can have a major impact on the worth of your property. Planning for emergencies is a vital component of good chemical management. This brochure provid  More...
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4-page publication explining how farmers' market masters, vendors, and roadside stands can use the Women, Infants and children (WIC) Program.  More...
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Food Safety Regulations for Farmers' Markets 8-page publication that explains food safety regulations so that market masters and vendors can keep consumers safe at farmers' markets.  More...
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4-page publication explaining the steps necessary to start a farmer's market.  More...
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12-page publication explaining two phases of project assessment: economic profitability and financial feasibility.  More...
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12-page publication explaining the four "P's" of marketing: Product, Price, Place, and Promotion. Includes a set of worksheets to help you tailor your marketing mix to your customers'.  More...
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12-page publication explaining the seven elements of a business plan. Includes descriptions of common business plan errors.  More...

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4-page publication describing 10 dangerous business planning assumptions that entrepreneurs can avoid once they are aware of them.  More...

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4-page publication explaining how to estimate breakeven sales for your business and conduct a sensitivity analysis relative to breakeven sales.  More...

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16-page publication explaining the components of effective job descriptions and providing a suggested format for a job description and a few examples to illustrate how completed job descriptions might look.  More...

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Consultants can help you implement a plan for solving problems, provide an outside perspective on your business, or fill short-term positions calling for highly specialized skills. This is a 4-page publication that provi  More...
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This 16-page publication describes the five forces that can influence an industry: bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes, and rivalry among competitors.  More...
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Intellectual property rights, including patents and trademarks, can protect business innovations. This 6-page publication describes different forms of intellectual property rights and explains how to obtain them.  More...

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4-page publication explains five principles guiding the organizational structure of small businesses and describes three common organizational structures.  More...
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4-page publication identifying the factors that producers should evaluate when considering investment in producer alliances  More...
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4-page publication describing the effects of ethanol production on grain transportation and storage, including near and longer term adjustments and effects on inbound and outbound transportation of corn and on grain elev  More...
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Soybean producers' market alternatives may have a major impact on their income. This publication uses survey data of Indiana soybean producers to identify and understand the types of markets available to them as well as  More...
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To find out how common forward pricing practices are in Indiana Purdue Extension surveyed Indiana soybean producers representing various farm sizes and regions. This publication discusses that survey's findings with resp  More...
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A grant can provide the funds you need to support your new business venture or for any other worthy purpose. But to win one, you must write a strong grant proposal. This 12-page publication with examples and plenty of wo  More...
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8-page publication explaining the six sections of a contingency plan and how writing one can help you plan for the unexpected and combat human resources risk.  More...
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6-page publication explaining how to use goals to identify tasks critical to a business's success and set up a tracking system for accomplishing them.  More...
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This publication discusses several key points concerning partition (line) fences and related legal topics. It is a 6-page publication on Indiana Farm Fence Laws. Discusses rights-of-way and liability for animals.  More...
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While an oral lease is still enforceable in Indiana, landowners and tenants are urged to have a detailed, written lease. Landlords and tenants are advised to know the Indiana laws that govern farmland lease arrangements.  More...
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12-page publication to help farm business managers develop effective vision and mission statements to help them gain a better understanding of themselves, their business, and the business environment in which they operat  More...
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12-page publication to help farm business managers identify the capabilities and competitive advantages of their farms.  More...
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12-page publication designed to help farm business managers with strategic planning to reach a desired future. Includes two helpful worksheets.  More...
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8-page publication designed to help farm business managers identify the important trends in agriculture that will affect their farm business. Includes a helpful worksheet.  More...
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This publication describes some important environmental concerns and offers management alternatives.

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Building a Sustainable Business: A Guide to Developing a Business Plan for Farms and Rural Businesses brings the business planning process alive to help today's alternative and sustainable agriculture entrepren  More...

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This publication discusses tax aspects of conservation easements from the standpoint of a forest landowner, the person selling or donating an easement. It is intended to provide you with a basic introduction to these  More...
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8-page publication that includes a blank cash lease form to help landlords and tenants put their agreement in writing and presents some explanations and suggestions for appropriate use of the form.  More...
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A management system which includes crop records increases returns by improving nutrient and pesticide use efficiency. This Field File provides an organized place for storing information on each crop-producing field. F  More...
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Specialty grains and oilseeds have a long tradition as part of Indiana's crop mix. This publication addresses questions such as the number of acres devoted to specialty grains in Indiana, the differences in growing speci  More...
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This publication can help you sharpen your managerial skills and take control of family living expenses. It also includes worksheets to help you record your own information. Be sure to make copies of the worksheets befor  More...

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Effective communication is important for any family. In farm families where work and personal life intersect, poor communication can influence not only how people get along, but how well the farm and family function. Th  More...

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Management styles for farm-family businesses are changing to involve the entire family in goals and decisions that affect the family and the farm. This publication outlines four steps for involving the entire family when  More...

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This publication is designed to help farmers develop their own integrated risk management strategies--ones appropriate to their own attitudes and circumstances. It reviews factors affecting decision making in a risky e  More...
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A wean-to-finish building is an all-in-one nursery, grower, and finishing building for swine production. These buildings are one of the newest ways that swine producers have devised to remain competitive in a increasin  More...

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Landowners in several Indiana counties continue to have an opportunity to lease or convey the rights to oil and gas exploration and production. Granting of rights to test-drill and to produce oil and gas is an important  More...
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A seven-page publication giving guidelines for storing corn outdoors. Aeration information and other considerations and precautions presented together with schematics.  More...
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Outlines several factors owners and potential renters of farm buildings must consider in determining equitable rental rates. Provides worksheets for figuring building value and cost of providing a building.  More...
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Considers the economics of remodeling vs. new storage, determining the location and orientation of a new facility, estimating floor space requirements, deciding on building type and configuration, and miscellaneous co  More...
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Discusses different processes of alcohol distillation with an emphasis on understanding concepts.  More...
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This resource discusses briefly the principles of wind and snow control and then examines the types of control systems that might be used around the farmstead. It also provides planning guidelines for minimizing wind and  More...
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The purpose of this publication is to help tenants and landlords make sound decisions and develop fair crop share arrangements. It addresses whether one should be using a crop share lease arrangement, deals with some  More...
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This publication provides the comparative costs of various energy sources for irrigation pumping and other factors that must be considered in selecting a particular energy source.  More...
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Deals with the planning, operation and management of dryeration and bin cooling systems on individual farms, as opposed to country and terminal elevator installments.  More...
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This publication is designed to help the livestock producer evaluate the potential of solar heating for a particular situation. It also discusses the major factors affecting the use of solar energy and the two types of s  More...
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Presents data and tables for determining the air flow, system performance and energy relationships in bin drying and cooling.  More...
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