Water Street Solutions

05/18/2023

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WE HELP FARMERS NAVIGATE THE COMMODITY TERRAIN

05/28/2022

If you are looking for some guidance on these volatile markets, look no further. The link below will give you the technical and fundamental info to support where markets are and where we think they might be going! The content was produced early Thursday morning. All the Best, Darren R. Frye

01/07/2019

As we usher in 2019, many people find this a great time for resolving to make changes in their lives—typically to be healthier, kinder, more appreciative or generally happier. It’s exciting to take on new challenges and give yourself a fresh start. But as farm leaders, we cannot get caught up in the New Year’s resolution frenzy and jump into making changes on the farm.

In his latest blog post on FarmFutures.com, Water Street Solutions CEO Darren Frye reminds us that while change is not necessarily a bad thing, it is inadvisable to rush into change without putting in the hours beforehand to determine exactly what changes should be made—if any at all. Frye suggests ideas for evaluating your operation from another viewpoint before rushing headlong into changes that might not even be necessary.

https://www.farmprogress.com/management/it-s-2019-out-old-new

Evaluation, outside perspectives important in key 2019 farm decisions.

12/31/2018

Well, here we are at December 31. As 2018 comes to a close, farm leaders are tying up loose ends and hopefully getting plans moving for the 2019 crop year. A Nebraska reader of Darren Frye’s Finance FIrst column in Farm Futures magazine recently wrote in to ask our CEO’s take on year-end bonuses for farm employees.

Frye applauded the reader for recognizing their employees and rewarding their contributions to the operation, but he did offer some guidelines to make sure we aren’t just handing out bonuses without making sure they’re not taken for granted or become expected regardless of performance. For instance, he suggested pointing out specific contributions so they have behaviors to focus on going forward. Read all about it at FarmFutures.com.

12/19/2018

https://www.farmprogress.com/management/what-happens-when-plan-goes-out-window

Financial plans for 2019 need to be realistic, flexible.

12/17/2018

In this piece from our latest seasonal newsletter, Dean Heffta discusses the four different mindsets a successful farm leader must be adept at switching between. You might imagine that leadership, management, training and coaching are all very similar, but Dean dissects how these roles interact with employees and breaks down when a leader should wear which “hat” for maximum effectiveness.
https://waterstreetconsulting.com/posts/2018/12/17/smart-series-the-four-hats-of-every-farm-leader

12/12/2018

As a leader in your operation, there are many different and equally valid ways to go about making decisions to affect the direction of the business. Some ways work better for some leaders—and in different situations—than others. This week in his Finance First column at Farm Futures, Water Street Solutions CEO Darren Frye explores different ways to go about decision-making for the farm’s future and how to decide which methods work best for you.

For best results, get a process for decision-making in place.

12/07/2018

As our attention turns from finishing up 2018 field work to the planning stage for the 2019 crop year, we find ourselves gearing up for meetings with equipment dealers, suppliers, accountants, advisors and, of course, bankers. It can be an anxious time because so much rides on access to credit lines—but if you know what the banker wants to see, it becomes much easier.
In his latest Finance First blog post, Water Street CEO Darren Frye fills in the gaps, explaining how to show up at that lender meeting with the confidence, financial knowledge and business savvy that shows your banker you’ve really got it together. Read it for yourself before you head into your first lender meeting of the season—only at FarmFutures.com.
https://www.farmfutures.com/lending/what-does-your-banker-really-want

Hint: They’re looking for a certain mindset, not a certain number.