Financial Management

Farming in an Industry of Doing 1,000 Things 1% Better

Life tends to be a road of continuing education.  Farming is the same way.

Farming is not an industry of doing one thing a thousand percent better.  It’s an industry of doing a thousand things one percent better.

That’s where we come in.  We understand that farmers work with very tight profit margins……there’s little room for error.  We help you implement improvements in each area of your operation.  When those improvements are done together….it improves your bottom line.

Educational Hub

Key to Success in Farming

 

Corn Capital Innovations is an educational hub for producers to be constantly challenged and informed on how to break yield barriers each and every year.  Learn more about Corn Capital Innovations and how we can help develop a continuing education program for your farm.  It’s the key to success in farming!

Check us out on Facebook or contact our team – give us a call at (320) 523-2252.  We’re Corn Capital Innovations of Olivia….a great hand in farming.

Hit a Homerun Using the 4 Components of Farm Profitability

If you’re a baseball fan….you know that the only way to score is by rounding the bases.  You need to rely on your coaches and work as a team.  Farm profitability is very similar.

4 Components of Farm Profitability

  1. Let’s say you are up to bat at home base….we’ll consider that production.  It all starts here….where you have the most control….focused on preparing the field, planting the right seed at the correct depth and nurturing it through the growing season.
  2. Let’s compare first base to crop insurance….protecting your investment to secure revenue and provide peace of mind.
  3. Now you’re heading for second.  We’ll call that grain marketing.  The most difficult job a grower faces.  Utilize Corn Capital Innovations experts to help you get the competitive advantage in the changing market.
  4. Third base is financial management and analysis, whether to buy a new combine or expand your acreage.  We help you figure out your profit margins, manage labor and set up a business plan.

Hit a Homerun with CCI

Visiting the field - NEPSRounding third and heading for home is putting all 4 components of farm profitability together for your unique needs.  That’s where CCI becomes a truly educational hub of information and a great hand in farming.

Let us be part of your winning team! Contact us at (320) 523-2252.

Farming is like a Four Leaf Clover…But Luck Has Nothing to do with it!

You might be wondering, what does a four leaf clover stand for if not luck? Well a four leaf clover needs all of its leaves to be complete. They all play an equal part in making up the clover. Farming also has four components, each of equal importance. Let’s review these four components of farming and how they contribute to a successful farm operation.

Four Components of Farm Profitability

  1. Four Components of Farm Profitability Production – the leaf closest to the stem. Production is where it all starts, and where you have the most control. This is the part of farming when you focus on preparing the field, planting the right seed at the correct depth, nurturing it along the growing season and taking ownership for your business!
  2. Crop Insurance – the leaf directly above production. This leaf protects your investment, secures revenue, and provides peace-of-mind. You need to make sure that your clover, or farm operation, is covered for the unexpected; the thing you can’t control; Mother Nature!
  3. Grain Marketing – the remaining top leaf. Grain marking is the most challenging job farmers will face. Utilize Corn Capital Innovations’ experts to help you gain the knowledge that gets the best competitive advantage when it comes to the ever changing market. Remain on top!
  4. Financial Management and Analysis – the final bottom leaf. Should you purchase that new piece of equipment or consider expanding your acreage? Corn Capital Innovations can help you figure out your profit margins, manage labor resources, and set you up with a secure business plan.

Maximize Your Farming Profitability

Success in farming doesn’t happen because of luck! Unlike a four leaf clover, you have the ability to make educated decisions and maximize your farming profitability. Every farmer and farming operation is unique, just like each four leaf clover in the field. Corn Capital Innovations provides a total farm business solution that can help meet those needs.

Let Corn Capital Innovations be the stem to your four leaf clover, our team is an educational hub that feeds the four components of farm profitability. Complete the form below and we will contact you to discuss how we can help positively impact your farm business. Or contact us anytime.

 

Farming or Spring Training; Both Give You 4 Months to Prepare

Did you realize there are approximately 30 exhibition games before opening day for Major League Baseball teams? Spring training for the players actually begins already in February and I think most fans don’t get as excited about the pre-season as they should!

Spring training is the time needed to allow the players time to “get back into the swing of things” after taking a long season off.  It also gives the managers time to assess each individual player and to work with them on the position that best suits them.

These next four months are just as important to farmers. You have been in off-season since the end of harvest.  The time from now and until you make that first round in the field is the time to make your total farm business solution plan!

We strive to help farmers achieve their goals with our four components of profitability.  As you prepare for the coming season here are some tips to keep in mind.

Production

  • Be sure you prepare and plant when the seedbed is in the best condition.  Dig down 2-4 inches and if the dirt sticks together, it is too wet. If the dirt crumbles it is ready.
  • Plant when the soil is 50 degrees and forecast is good for an increase.

Crop Insurance

  • Work with our team to provide multiple levels of coverage and pick the level that best fits your needs.
  • Ask about a yield adjustment option which allows the county average to be substituted on low yield years.

Grain Marketing

  • Each individual farm and farmer has different expectations; you need to work with the risk you are willing to tolerate.
  • No one can predict the future and there is no standard answer to marketing concerns, we have tools available to keep on top of current prices.

Financial Management and Analysis

  • Creating a business plan is a key factor to understanding where you are financially.
  • We can assist you with weighing the pros and cons of whether to make a major purchase.

We want to be your great hand in farming and would enjoy working with you on “spring training” to get ready for the season!

Contact us today and we will discuss how the four components of farm profitability can positively impact your farm business.

CCI is truly a Great Hand In Farming.  Got a start on the “pre-season”?  Tell us what you have done to prepare in the comments below!

Farming Profitability is like taking Vitamins vs Aspirin

Vitamins are used to ensure adequate nutrients and taken daily will ensure overall health for years to come.  While aspirin is used as an analgesic (painkiller) to relieve minor aches and pains temporarily.

With the New Year just around the corner, resolutions and goal setting traditions are coming fast.  Have you thought about what you want to accomplish in 2013? Have you set a goal to lose weight (the quick fix- aspirin) or to set a goal of overall health (long term – vitamin).

Today is the day to start looking at the things that are going to make a small difference over the years to come; like taking vitamins for overall health.   If you need to take aspirin, it may be solving the short term problem, but you will probably have to keep addressing the same issue.

Any good health plan can apply to your farm operation as well!  As you design and/or reanalyze your operation’s business plan for next year, using the right tools can make all the difference. If you are spending a lot of time being reactive and addressing many issues that came up last year, it’s time to look at things that you can do in 2013 to be proactive and incorporate pieces to your farm that contribute to the overall health, instead of just feeding the “pains” of the operation.

If the goal is to have a “healthy” operation, start giving it vitamins today to reduce having to use aspirin later in the year.

Vitamins can include:

It’s when you don’t have these things in place that you will find yourself needing to take more aspirin; that ends up being a reactive approach and ultimately can hurt your operation. When we have the right things in place from the beginning and maintain them through the year (acting as vitamins), we have less “illnesses” that strike from year to year. For most of us, big goals are overwhelming, so sit down and consider the easy mini-steps that you can take to get to where you want to be.

When we take the vitamin approach, we are able to have a more consistent operation with steady growth; which in turn, makes the long term goals for our operation more attainable. Once we start reaching those small milestones, we get much closer to that ideal big picture we are reaching for.

Sure there will be times that we may need a little aspirin; we just don’t want to rely on it on a regular basis.

Do you have ways to stay your “healthiest, most profitable” throughout the year not mentioned above?  Tell usin the comments below!

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