Seek Advice When Facing a Fork in the Road

All agricultural businesses will periodically face forks in the road whereupon decisions, both strategic and financial, must be made concerning the future of the business. The causes are numerous and include an older generation of management/ownership planning for succession, new partners and/or managers entering the business, younger family members not wanting to exit the business, presentation to the ownership of a significant opportunity for the business, and/or a long-term downturn impacting the business negatively and challenging the balance sheet.

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Presidential Candidates Answer Questions from Farm Bureau Federation

It is an American Farm Bureau Federation tradition to every four years ask presidential nominees to respond to questions of particular interest to farmers and ranchers.

Among issues put before the candidates this election cycle are food safety, biotechnology, clean water, immigration, and energy.

The federation also asked the candidates about the Farm Bill. In this issue of Shortliner, we include a section of that question and the candidates’ responses.

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Convention Schedule

At the heart of the Marketing & Distribution Convention is the opportunity for manufacturers to meet the people who will get their equipment into the marketplace. Running along a parallel track are informational sessions designed to equip members with the tools they need to lead their operations. Leading those sessions in San Diego:

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States Challenge Overtime Rule

Texas, Oklahoma and 19 other states have sued the federal government to block the Labor Department’s new overtime rule, saying the Obama administration is trying to impose heavy costs and its own policy choices on the states in violation of the Tenth Amendment.

The 30-page lawsuit accuses the President of pushing through a near-doubling of the salary level at which employers are required to pay overtime.

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Bayer’s Monsanto acquisition to face politically charged scrutiny

Bayer AG’s $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease. Bayer’s pesticide-focused business has few overlaps with Monsanto’s dominant seed franchise. Still, marrying two of the world’s top farm suppliers at a time when rivals are also merging is fuelling concern over reduced competition in the $100 billion global market.

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Product Diversity at Farm Shows Sorely Missed on Dealer Lots

This morning, I watched a time-lapse video of the set-up at the Farm Progress Show in Boone, Iowa. It was a spectacular site for a couple of reasons.

First, as one of the biggest farm shows in the United States, watching it all come together is impressive. Next, seeing the diversity among manufacturers is a reminder of the breadth of the equipment in the industry.

Unfortunately, the breadth of equipment at this farm show, and every farm show is a stark contrast to what many manufacturers will see when they return to their communities. Because of dealer consolidation and the continued push by majors for brand purity on independent dealer lots, farmers have fewer choices at their local farm equipment dealerships.

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Spouses, Guests Invited to San Diego

The Association invites member executives’ spouses and guests to the Marketing & Distribution Convention in San Diego. The hotel is perfectly located to independently explore the city and San Diego Bay. Registered spouses and guests are welcome to receptions, meals, and any other convention event. And, we’ve planned two unforgettable, optional outings.

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