How Many Bushels Are Needed to Cover Interest Rate Costs?

I met Warren Buffett once. OK, actually, I stood just a few feed from him and Bill Gates at the 2014 Berkshire Hathaway annual shareholder’s meeting. (If you ever have the chance to attend the Berkshire Hathaway annual meeting—do it!)

Ever since I sat through hours of Buffett and his business partner, Charlie Munger, answer questions and share financial wisdom in Omaha, I anxiously await Berkshire’s annual letter for shareholders.

Here are the top six pieces of advice I pulled out from this year’s letter that is excellent advice for business owners of all types.

Sara Schafer
SSchafer@farmjournal.com
@TopProducer

Right People, Right Seats: A Non-Family Succession Plan Builds A Future-Proofed Business

On a high-tech Georgia dairy farm leading 170 employees, you’ll find a farmer with no dairy in his DNA. Nevertheless, Pete Gelber is a dairy farmer who offers a unique perspective on succession planning.

Global Grain Shuffle: Is The End Of U.S. Grain Export Dominance Near?

It didn’t start with the swing of an ax in the Amazon or by an explosion in Kiev. Both contributed, but the shifts in global grain flows is a multifaceted prism through which the future is continuing to evolve.

“The more that you read, the more things you will know. The more that you learn, the more places you'll go.” -Dr. Seuss