FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Wed Jan 23, 2013 05:36 PM CST

Stacie Koger's family farm has already accrued a state corn yield title and has been in the running for others. But unlike yield contests, most farmers outside the Corn Belt lack standard benchmarks to measure whether they're profit champs or just contenders. So five years ago when the certified public accountant came home to her family's Mississippi Delta crop farm to handle finances, she instituted her own yardstick. Koger converted all the farm books to accrual and began charting key expenses and financial ratios for the past five years, hoping to spot critical trends and to stay proactive.

"When you're ...

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