Jessica Groskopf

This is an update to an article originally published by CropWatch on May 23, 2017.

You have your farm or ranch financial information entered into Quicken (Deluxe) and have categorized each transaction by the proper type of income or expense. With this information, you can provide an up-to-date cash flow or tax summary report to your family, business partner, banker or accountant at a moment’s notice.

This is an update to an article originally published by CropWatch on May 3, 2017.

Many computer programs are available to help you organize your financial information. One of which is Quicken, an affordable and flexible system that can easily be used for most farms and ranches.

If you already have Quicken, here are five things you can do to improve your Quicken file.

This is an update to an article originally published by CropWatch on Nov. 29, 2018.

If you are like most farms and ranches, it has been a few months since you entered transactions into your Quicken program. When inputting several months of entries, it is likely that you are going to make a few mistakes. Here are a few tips to tackle two common problems when entering transactions into Quicken. 

The market rally following the June 30 USDA Acreage report has come and gone. So, now what? This article will discuss the price probabilities for the last half of 2020 and how to prepare for farm survival.

When owning or working on a farm or a ranch, you wear many hats. You are an agronomist, a mechanic, a truck driver, a marketer and a family mediator. But what about when you need professional advice and guidance? 

With the uncertainty revolving around COVID-19, grain marketing has come to the forefront of many producers’ minds. I have heard more than once, “at current price levels should I hedge my crop?”

However, it is important to remember that if you have purchased Revenue Protection Crop Insurance, your 2020 crop in field has been partially hedged. Let’s take a look at how crop insurance acts as a hedge when commodity prices decline during the growing season.

This article updates material originally published in CropWatch on Jan. 10, 2017. It is intended for informational purposes only. It does not constitute legal advice, and it is not a substitute for legal advice. Decisions regarding who inherits your property when you die should be discussed with an attorney.

This is an updated version of an article originally published in CropWatch on October 21, 2016.

Tax time can be a little stressful. In gathering all your forms and receipts in preparation for a visit to your accountant, don’t forget about these five deductions.

Let’s state the obvious: this isn’t a typical year and we all know it. For farmers, it is a survival year. Why? And what might be done to make it through to the other side of the COVID-19 pandemic? This article will discuss how to build a marketing strategy to assure that the farm continues to the next crop year.