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FARM FINANCES

The seven-stop tour of Farm Credit System-financed projects in Minnesota and Iowa included visits to the Hmong American Farmers Association, Farmamerica, the Minnesota Agricultural Interpretive Center and Lakeview Methodist Health Care Center.
For me, the word "normal" commonly comes up when talking with a family. People usually say something like, “We’re kind of a normal family,” or “We’re not really a normal family.”
Brokers handling American Crystal Sugar Co. stock share sales say the 2021-22 selling season saw a record high average of $4,217. The brokered share sales for the Moorhead, Minnesota-based co-op account for less than 1% of planted acres in the co-op.
A partnership between Renewing the Countryside and American Farmland Trust has made it possible for Lynne Reeck to retire from her operation and for the Lor family to be the new owners of the land.

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In regard to farmland, parents often feel pretty sure they know who would keep and who would sell land. Their observations are based on how children have valued money in the past and how they spend money in the present and the future generation. They may also assess spousal influences and other family-related issues.
For the most part, those in agriculture have been good about loading the wagons, but once in awhile, we can lose our focus and start to worry about the mules. Let’s take a look at some examples.
“The more drought-stressed regions of the state saw less improvement in profitability but they all did see improvement year over year,” said Pauline Van Nurden of the University of Minnesota’s Center for Farm Financial Management.
Brian Bjork, 62, (pronounced “Byork”) a farmer from Forman, North Dakota, is selling his machinery piecemeal after making the decision in December 2021 to retire from farming. His reasoning: used equipment values are “hot” and unlikely to improve. He’ll enjoy retirement near family and will work for a young neighbor who will rent his land.
Myron Friesen advises farmers to do their estate planning before it's too late, just as they plan to plant before it's too late.
The NCUA has revised its strategic plan to clarify that the agency will not take regulatory action based on “climate-related financial risks” to discourage credit unions from lending to “family farms and others in the agricultural sector as well as businesses tied to the fossil fuel industry.”

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Luther Markwart and Rob Johannson gave keynote addresses on Wed., March 16, the first day of the International Sugar Beet Expo, and will speak again on Thus., March 17.
Nineteen U.S. Senate Republicans are asking President Joe Biden and his administration for help to counteract farm fertilizer price hikes in the wake of the Russian invasion of Ukraine, other causes.
A bill introduced on Thursday, March 10, would create emergency waivers for duties levied on fertilizers by the U.S. Trade Commission.

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