Agricultural debt at commercial banks continued to decline from the first quarter of 2021 and farm loan performance improved. Both real estate and production loans decreased, reducing farm debt by more than 5 percent from a year ago, contributing to a decline in the number of banks classified as agricultural banks.
The FAIR LABOR STANDARDS ACT establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in federal, state, and local governments. The Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) administers and enforces the FLSA with respect to private employment, state and local government employment, and federal employees. Learn more via the 4-page, 4-color Ag Help Wanted UPDATE: ¿Cuál es la Ley de Normas Justas de Trabajo en agricultura y cómo se aplica a mí?
Ag Help Wanted updates are available for download at: AgHelpWanted.org\Updates.
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Machinery and equipment is often one of the largest expense categories for a farm or ranch operation. Many producers do not know their machinery and equipment cost for a given activity. The Machine Risk Calculator from RightRisk.org can help estimate rates for custom field operations and individual machinery costs. The tool will also estimate the risk sensitivity of those costs to changes in various factors. For examples using the tool see Applied Risk Analytics “Estimating Custom Rates and Machinery Costs” at: RightRisk.org\AppliedRiskAnalytics.
The Machine Risk Calculator is a toolbox filled with over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\Analytics.
RECORDED PRESENTATIONS from a number of webinars and other presentations offered by members of the RightRisk Education Team are available. Titles cover a range of topics from Understanding Risk, Evaluating Risk Strategies and Enterprise Risk Analysis, to Master Marketer, Drought Contingency Planning and Master Hay Grower programs. RightRisk.org offers links to Risk Controls, Risk Analytics, online courses and much more . . .
Recorded presentations covering risk management in agriculture are available free of charge at: RightRisk.org > Presentations.
Evaluating risk management alternatives can be challenging, especially without the right tools. The RightRisk Team has been working for nearly 20 years to develop the right tools to assist managers of agricultural operations to make the best decisions, even when the information at hand is incomplete or difficult to interpret. Each tool includes a written guide to help get started. Some have dedicated online courses or videos outlining their use and application. This online presentation will explore the tools currently available and the general approach followed for each.
Access the presentation at: RightRisk.org\presentations (22 mins.)
RightRisk Analytics is a toolbox filled with over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\Analytics.
A full-color, 250-page book presenting principles, practical examples, legal considerations, and leads to more references in six main chapters: 1. Roles and Responsibilities of an Agricultural Employer, 2. Organizational Planning, 3. Staffing the Farm Business, 4. Supervising Agricultural Work, 5. Managing Employee Performance, 6. Communication and Problem Solving. The companion website, provides supplementary material online, as well as Problem Work Situations: Working With Employees – a series of nine sets of brief vignettes that illustrate approaches to one-on-one communication in problem situations.
See Ag Help Wanted online or to order a copy at: RightRisk.org\AgHelpWanted.
LEASING or renting pasture or forage is commonplace for many livestock producers. The Forage Risk Analyzer tool, from RightRisk.org, is a tool designed to help a single or multiple parties (up to six) understand the full value of everything involved in a potential lease and formulate a more fair and equitable agreement. For examples using the tool see Applied Risk Analytics “Evaluating Lease Arrangements” at RightRisk.org\AppliedRiskAnalytics
The Forage Risk Analyzer tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: RightRisk.org\Analytics.
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 June 2nd.
