Just as E15 finally cleared federal regulatory hurdles, the confluence of no blender tax credits, high corn prices and widespread drought has put the ethanol market in jeopardy. And questions abound regarding possible government changes to the current Renewable Fuel Standard.
All good things come to an end. To prepare for the eventual end of commodity grain glory days, your best move may be to run the numbers through available decision-making tools and evaluate options to reduce high-rent hangovers.
Not all farm-management decisions can be labeled as low cost and high reward. But Andrew Bowman from Oneida, IL, believes that crop scouting is one practice that can. He has confirmed the economic benefits on his own family farm, and now shares his passion and skill for crop scouting with other area farmers through Bowman Crop Assure LLC.
Market watchers often debate how the commodity markets must "buy" corn or soybean acres in any given year. In fact, price relationships may shift some last-minute acreage plans. But when you take into consideration all that goes into production, yield is the rotation trump card.