FARM BUSINESS NEWS
Cold, Hard Facts
Mon Mar 17, 2014 04:39 PM CDT

As the 1970s rolled into the farm crisis of the 1980s, Larry Klumb enrolled in the then new economic management program by the South Dakota Center for Farm/Ranch Management at Mitchell Technical Institute (MTI). He credits the program with saving his family's operation. A generation later, along with his sons, Ben and Shannon, the Klumbs continue on with their business near Ethan, S.D.

"It's what saved us through the farm crisis," recalled Larry, whose wife, Patricia, also has helped keep the books through the decades. "My banker knew how important bookkeeping was, and ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
Ag Interest Rate Snapshot
Senior Partners - 4
Batten Down the Hatches
Minding Ag's Business
Minding Ag's Business
DuPont Trims Outlook on Ag Weakness
Woodbury: Farm Family Business
Hearing on Railroad Revenue Adequacy
Minding Ag's Business
Grain Shipper Files for Bankruptcy