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Showing posts from October, 2018

Does helping the next generation start farming improve their profit potential?

By Joleen C. Hadrich and C. Robert Holcomb Farmers are entrepreneurs and finding the resources to start their operation can have direct implications on their financial success over time, which is the topic of the second installment of the “Top Farmer” newsletter series. Of the 334 survey respondents, 18% of the farms started independently without any help from family, 47% reported receiving help from their parents while operating their own farm independently, 25% are currently farming with family members in a partnership, and the remaining 10% used other strategies to start farming.   These statistics differ when we split the sample between the 20% most profitable and 20% least profitable farms, measured by the adjusted net farm income ratio.   Thirty percent of the least profitable farms reported starting their farming operation on their own, while only 13% of the most profitable started on their own without assistance.   Over half (60%) of the most profitable farms receive

Women in Ag Network's October Feature

By Megan Roberts, Extension Educator Our October 2018 "Woman in Ag" feature is Michelle Page. Michelle has dual roles. She is both the Executive Officer for Minnesota Farm Service Agency (FSA), and she is a cattle farmer in northern Minnesota. Michelle balances a lot each week, including a six hundred mile roundtrip commute! As I read Michelle’s responses, I was impressed by her commitment to sharing her 40 years of career experiences and knowledge with others in agriculture, particularly those in the early stages of their careers. Michelle shares more about herself in her responses below. WAGN: Tell us about your career and farm. Michelle: I am currently the Executive Officer for the Minnesota Farm Service Agency (FSA) in St. Paul.  I have worked for FSA for 40 years in a variety of positions.  My FSA career began in Crookston, MN as a Program Technician in the West Polk FSA Office, serving in that capacity for 25 years.  I was hired as a manager trainee in 200