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Getting Started In Ag: Irrigation System Alternatives

Posted on February 8, 2023 by hewlett@uwyo.edu

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AGRICULTURAL PRODUCTIVITY in much of the Western U.S., including Wyoming, is tied closely to the availability of irrigation water.

Most of the highly productive land in the West is irrigated. If you are new to farming or ranching, it is imperative to educate yourself about irrigation options and determine which system(s) might work best for your operation. The goal should be to identify the most efficient use of available water in the most cost-effective manner possible.

Getting Started In Ag: Risk Management for Smaller Ag Operations

Posted on January 21, 2023 by hewlett@uwyo.edu

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Getting Started In Ag: Ag Tax Management Resources from RuralTax.org

Posted on January 4, 2023 by hewlett@uwyo.edu

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TAX MANAGEMENT can be overwhelming for a variety of reasons, especially from a production agriculture standpoint.

The massive size of the federal tax code and its accompanying regulations, along with the number of hours required for compliance can seem staggering, especially to new and beginning producers. Although tempting to hand it off to an accountant, tax management should be an integral part of your farm management and overall risk management planning.

Getting Started In Ag: Funding and Financing Sources

Posted on December 24, 2022 by hewlett@uwyo.edu

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Getting Started In Ag: Comparing Tillage Systems

Posted on December 7, 2022 by hewlett@uwyo.edu

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WYOMING comes with a unique set of challenges.

Growing seasons can be tough and are often short; weather extremes can be intense; precipitation can be hard to come by; and the wind can be brutal. Discovering what options are available or which work best can be tough, especially for those just getting started in agriculture. The type of tillage system selected and how well it is implemented can mean the difference between success and failure. Past articles have offered insights into various forms of risk management, including production risk, financial risk, human risk, and more. Have you ever considered that adopting the correct tillage system could act as a form of risk management?

Getting Started in Ag: Staying Profitable with Alternative Feeds and Feeding Methods

Posted on November 21, 2022 by hewlett@uwyo.edu

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Getting Started In Ag: How Do I Know if My Farm Is Profitable?

Posted on November 9, 2022 by hewlett@uwyo.edu

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WHILE it may seem like a question that is relatively easy to answer, often the answer is more complex.

The first goal of any production agriculture business should be to turn a profit or generate more revenue than expenses. If you are new or just starting out in agriculture, you may not realize there is more to profitability than simply generating more income than expenses. Looking at an enterprise in terms of cash receipts or expenses is only the first step toward determining profitability. There are many factors, several non-cash in nature, that must be considered to form an accurate picture of profitability.