#RightRisk #RiskInAg #AgRiskMgt

CLICK here to read more

The Risk Concepts series offers information on each of the most common forms of business organization.

THERE ARE MANY ASPECTS to consider when establishing a new agricultural business: ownership, taxes, liability, and estate planning concerns should all be carefully studied when deciding on a business structure. Putting in considerable time to plan and consult with trusted advisors will go a long way towards achieving long term goals and stability. There are many alternative forms of business structure to think about.

Risk Concepts is a series of publications compiled by the RightRisk team and made available at: RightRisk.org. The series offers a separate, 4-page bulletin covering each of the most common forms of business organization. A summary chart compares and contrasts the alternatives to provide an overview of the choices involved.

#RightRisk #RiskInAg #AgRiskMgt

CLICK here to read more

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.