In this episode of "AgCredit Said It," host Phil Young is live at the Emerge Conference 2025, where he interviews Barry Ward from Ohio State University and Bruce Clevenger from OSU Extension. Barry Ward discusses his work in farm management, focusing on crop economics, input costs, and the challenges farmers face with cash rents and tax strategies. He highlights the importance of being a low-cost producer amidst uncertain crop prices and economic conditions. Bruce Clevenger shares insights into farm management, emphasizing the significance of accurate balance sheets and accounting systems. He explains the pitfalls of cash accounting and the benefits of accrual-adjusted accounting. Bruce also introduces the Ohio Farm Business Analysis and Benchmarking Program, which helps farmers analyze their financial performance and make informed decisions. The episode concludes with discussions on farm records, leasing agreements, and resources available at the OSU Farm Office, including a corn silage pricing tool and grain marketing updates.
Show Notes:
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