Interest Rates for Operating Loans Rise Slightly From All-Time Lows

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Get an update on credit conditions in the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: https://RightRisk.org/news.

 
Interest rates on agricultural loans made by commercial banks increased slightly for some types of lending, but remained historically low through the first half of 2021.

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Federal Reserve Beige Book Summary on the Agricultural Sector

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Get an update on the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: https://RightRisk.org/news.

 
The Beige Book is a Federal Reserve System publication covering current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from District sources. The latest update was posted July 14th.

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¿Qué es un Formulario I-9 y quién lo necesita?

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EMPLOYERS must complete a Form I-9 for each person they hire to perform labor or services in the United States in return for wages or other remuneration. Employers use “Form I-9”, officially the Employment Eligibility Verification form, to verify the identity and legal authorization to work of all paid employees in the United States. The Form I-9 is not required for unpaid volunteers or for contractors.

Learn more via the recently completed 4-page, 4-color Ag Help Wanted UPDATE: ¿Qué es un Formulario I-9 y quién lo necesita?

Ag Help Wanted updates are available for download at: AgHelpWanted.org/updates.

RURAL TAX.org

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Tax issues are important for agricultural operations because income and self-employment taxes are a major cost and also because more and more USDA programs are linked to a producer’s federal income tax return.

Learn more about taxes and implications for agricultural businesses at: RuralTax.org/library.

¿Cuáles son los requisitos para conseguir visa de Estados Unidos para trabajadores agrícolas?

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A CITIZEN of a foreign country who seeks to enter the United States generally must first obtain a U.S. visa, unless a visa is not required for individuals from that country of nationality. The visa is placed in the traveler’s passport, a travel document issued by the traveler’s country of citizen­ship. Certain international travelers may be eligible to travel to the United States without a visa, if they meet the requirements for visa-free travel. The type of visa a person must obtain is defined by U.S. immigration law and relates to the purpose of travel. Learn more via the 4-page, 4-color Ag Help Wanted UPDATE: ¿Cuáles son los requisitos para conseguir visa de Estados Unidos para trabajadores agrícolas

Ag Help Wanted updates are available for download at: AgHelpWanted.org\Updates.

Evaluating Pasture, Rangeland, Forage – Rainfall Index Coverage

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PASTURE, RANGELAND, FORAGE – Rainfall Index coverage (RI-PRF) is designed to offer protection against revenue losses resulting from decreased forage production, using a rainfall index to indicate low precipitation levels. The Risk Scenario Planning tool from RightRisk.org can, with a little creativity, be used to analyze expected net revenue under an RI-PRF policy. The resulting cumulative distribution graph provides the probability of earning a net return at or below any certain value. With this information in hand we can begin to answer questions like: “How effective is this coverage?” or “How often would it pay?”

For examples using the Risk Scenario Planning tool see Applied Risk Analytics “Evaluating Pasture, Rangeland, Forage – Rainfall Index Coverage” at: RightRisk.org\AppliedRiskAnalytics

The Risk Scenario Planning tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics.

The Enterprise Risk Analyzer is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics. RightRisk.org\Analytics.

Problem Work Situations via Ag Help Wanted

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PROBLEM WORK SITUATIONS: WORKING WITH EMPLOYEES offers nine sets of brief vignettes that illustrate approaches to one-on-one communication in problem work situations. Each includes one scene showing an apparent personnel problem and three scenes showing possible supervisory responses to it, including: Tardiness, Slow Work, Inebriation, Poor Quality Work, Theft, Conflict Between Workers, Insubordination, Sleeping on the Job, and Careless Work. A 3-part guide offers further insights via Rules and Reason for Managing Farm Personnel.

Learn more via Video Links at Ag Help Wanted.org.

Estimating Your Cost of Production

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HAVE you ever tried to estimate your cost of production for enterprises on your farm/ranch? It can be a daunting challenge. The Enterprise Risk Analyzer (ERA) tool can help evaluate farm/ranch enterprise performance, beginning with just an IRS Schedule F.

ERA analysis includes whole farm/ranch net return, enterprise net return, break-even prices, and breakeven yields. ERA also provides risk estimates based on user projections for commodity prices and yields. Providing probability estimates for earning a given level of net income, a break-even price, or a given break-even yield.

The Enterprise Risk Analyzer is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\analytics. RightRisk.org\Analytics.