Kent Thiesse is a former University of Minnesota Extension educator and now is Vice President of MinnStar Bank, Lake Crystal, MN. You can contact him at 507-726-2137 or via e-mail at kent.thiesse@minnstarbank.com.

Posts by Kent Thiesse

in Focus on Ag Feb 10, 2015

Farm program deadlines approaching

The deadline to finalize decisions on base acre reallocation and updating payment yields at local Farm Service Agency (FSA) offices is Feb 27. The....More
in Focus on Ag Feb 02, 2015

8 Tips for risk management in 2015

It appears we are definitely likely to see much tighter profit margins in corn and soybean production in 2015 and beyond, as compared to profit....More
in Focus on Ag Jan 27, 2015

Cash flow planning with PLC, ARC-CO, ARC-IC

Those currently involved in doing cash flow planning may wonder what amount, if any, can be included in a cash flow projection for estimated farm....More
in Focus on Ag Jan 20, 2015

USDA report recap, January 2015

As expected, the USDA Crop Production Report released on Jan. 12 indicates that both the total U.S. corn production and soybean production for 2014....More
in Focus on Ag Jan 13, 2015

Management strategies for 2015

In 2015, crop revenues are likely to be significantly reduced compared to revenue levels in recent years. 2015 crop input costs for seed, fertilizer....More
in Focus on Ag Jan 06, 2015

Market year average prices affect farm program decisions

One of the key components for farm operators to understand as they evaluate the new farm program options is the concept of Market Year Average (MYA)....More
in Focus on Ag Dec 30, 2014

Agriculture in 2015: Farm program sign-up, renewable fuels, crop production and land values

2015 is setting up to be another interesting year in the agriculture industry, following a fairly profitable year in 2014 for many livestock....More
in Focus on Ag Dec 22, 2014

2014 Agriculture review, part 2: Input costs, grain prices and farm economy

This is the second of a two-part article highlighting what happened agriculturally in 2014. Last week’s article provided a review of 2014 crop....More
in Focus on Ag Dec 16, 2014

2014 Agriculture review, part 1: Planting and growing conditions

2014 will be remembered as the second crop year in a row with weather extremes and highly variable crop conditions in many areas of Minnesota and....More
in Focus on Ag Dec 09, 2014

Fine tune 2015 profit margins for your farm: Land rental rates, production expenses

The combination of lower projected corn prices and soybean prices in 2015, together with nearly steady input costs for seed, fertilizer, and....More

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