• Willie Vogt

    Tough Farm Challenge Offered for 'Smaller' Operations

    Farmer Iron

     by Willie Vogt
     on December 28, 2011

    What I'm about to say may surprise many but a 1,500-acre cash grain farm is slowly slipping into the "small farm" category. Given the size of equipment today - not the biggest stuff but the more-efficient later model machines available - it's possible to farm this much land yet still need a job off the farm. Our European farmer friends are often surprised by this. Fred Yoder, a forward-thinking Ohio farmer and member of the National Corn Growers Association leadership team, once told me that…

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  • Willie Vogt

    Farm Equipment Acquisition Fight is Under Way

    Farmer Iron

     by Willie Vogt
     on December 21, 2011

    Now here's an end-of-the-year story I didn't expect to see. Two major farm equipment makers are battling over ownership of Norwegian farm equipment maker Kverneland ASA. On Monday, CNH Global confirmed it sent an indication of interest for a voluntary tender offer for 100% of Kverneland USA outstanding shares for about $246 million - at NOK9.50 per share. The actual launch of the offer is pending due diligence. But a rival bidder popped up. Kubota Corp. of Japan - according to Dow Jones - has…

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  • Willie Vogt

    Cool Stuff? No, Much Needed Farm Stuff

    Farmer Iron

     by Willie Vogt
     on December 13, 2011

    Last weekend our friends at "60 Minutes", the long-running news magazine, featured a profile of Howard Buffett, son of Warren Buffett, and an Illinois farmer. It's a great profile, and you can watch it online too. His was the profile after Steve Kroft talked with President Obama. Howard Buffett gets the '60 Minutes' treatment, and shows what it takes to farm. I've been lucky enough to meet Mr. Buffett (Howard, not Warren) and he's a passionate person about feeding the world as you can see…

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  • Willie Vogt

    What to do with $500,000 (sort of)

    Farmer Iron

     by Willie Vogt
     on December 2, 2011

    I'm of the belief that you probably shouldn't set up your management or equipment plan based on cutting your tax bill. However, when the government turns around and pretty much hands you a big write-off, if it makes sense you may want to use it. For years the Section 179 Deduction has been helping small businesses innovate by encouraging to buy equipment. When I was freelancing that's how I depreciated computer equipment for my business - it makes sense rather than spreading it out over time…

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