Yankee Went Home
This week I was up at my old haunt at Cornell University. An interesting perspective is that the Agricultural Economics curriculum is being replaced by Business classes. And the Farm Management classes are now Agrifinance classes. Size of classes twenty years ago were 150 and 80 students respectively, but now are under 50 and 30. Times are changing.
Time Management Guidelines
If you carry a full time job and operate a farm part time, 1,000 hours per year on the farm or ranch is maximum. Exceed this limit and one of four different things will happen. The farm will be mismanaged, employment performance will suffer, family will decline, or most important your mental, physical, and spiritual health will deteriorate.
For those of you that operate a full time commercial farm, 3,000 hours annually is the maximum. That is 300 ten-hour days. For those that are asked to serve in many outside organizations, an additional 500 hours annually is the maximum.
For any lenders tuning into our site, 2,500 hours per year is the maximum. Employment requiring mental intensity such as management and white collar jobs finds burnout in the long run when hours exceed this level.
I was visiting with friends in upstate New York and we got a chuckle when one of our acquaintances, a dairy couple, were confined to a two-mile radius of their farm in electronic shackles! How would you like to be the lender on this account? I also got a big laugh when my friends told me that they dug up their $100,000 that they had buried in their yard because of Y2K. At least they didn’t lose it on Dot.com stocks! You all must be wondering about my associations. Folks, I hang out with real people!
The Lakers are just too much. Phil Jackson knows how to take talent to the higher level. As farmers and ranchers go to the next level of sophistication, can you develop the Phil Jackson approach?!
Next week you are just going to have to tune in. More surprises.
Thanks for all your questions and comments. Remember, it is only the stories and questions that don’t implicate your neighbor that I can publish!
My e-mail address is: [email protected]
Editors' note: Dave Kohl, Soybean Digest Trends Editor, is an ag economist at Virginia Tech. He currently is on sabbatical and working with the Royal Bank of Canada.
To see Dave Kohl's previous road warrior adventures click here
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