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Off-farm investing: A long-term strategy

There are hundreds of ways to spend money on the farm, from investing in new technology to painting the shop. Farms are long-term businesses, and reinvesting profits keeps them productive. But off-farm investments are also important.

“Taking money out of a farm corporation and investing off-farm is a perfect strategy for building your farm transition plan,” says Lance Stockbrugger, CPA CA and a Saskatchewan farmer. Stockbrugger recommends taking a disciplined, long-term approach to off-farm investments.

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Comparing the Economics of No-Till, Strip-Till & Conventional Systems

Video: Comparing the Economics of No-Till, Strip-Till & Conventional Systems

Conservation Ag Update, brought to you by Bio-Till Cover Crops, Univ. of Illinois analysts dive into new data from the Precision Conservation Management program, comparing the economic differences between no-till, strip-till and other tillage systems.

Plus, we head to Washington County, Wis., for an update on two farmers who dealt with historic flooding over the summer. Blake Basse credits strip-till and cover crops for helping his cash crops survive the “1,000-year” rain event, while Ross Bishop says his no-till fields are more resilient than his neighbor’s conventional fields.