For decades, the “base acre” has been the fundamental unit of the American farm safety net. It represents a farm’s historical production footprint, dictating how much support a producer receives when market prices drop or yields fail. However, for years,…

While on the speaking circuit this year, I overheard a conversation between two producers about their financial statements. One suggested that financials had to be organized and developed to please the banker. The other producer directed a question at him:…