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 16, 2016

With low prices, crop insurance is a risk management tool

Due to the current tight margins in crop production for the 2016 crop year, some farmers are contemplating reducing crop insurance coverage to save....More
in Focus on Ag Feb 08, 2016

7 considerations for choosing the best crop insurance in 2016

March 15 is the deadline to purchase crop insurance for the 2016 crop year. Profit margins for crop production this year are the tightest they have....More
in Focus on Ag Feb 02, 2016

Adjusting to lower crop prices in 2016

The projected cash corn price for the 2015 crop, which is now in storage, is expected to remain at fairly modest levels until next summer, and....More
in Focus on Ag Jan 27, 2016

Will low crop prices increase CRP acres?

There appears to be more interest in the CRP enrollment in 2016, due to the current lower crop prices and reduced farm profitability. FSA will rank....More
in Focus on Ag Jan 12, 2016

5 strategies for risk management on the farm in 2016

Projected profit margins for 2016 crop production are still below breakeven levels for many producers. Here are some financial strategies for farm....More
in Focus on Ag Jan 05, 2016

2015 ARC-CO payments will vary

A very high percentage of crop producers in the U.S. are enrolled in the county yield-based Ag Risk Coverage (ARC-CO) farm program choice on their....More
in Focus on Ag Dec 28, 2015

Farming in 2016: Land values, farm program payments, cash flow, management strategies

As we end 2015, many farmers are focusing on cash flow strategies for 2016, wondering what the future holds for land values, cash rental rates, and....More
in Focus on Ag Dec 22, 2015

2015 Agriculture review, part 2: Input costs, grain prices and avian flu

This is the second of a two-part article highlighting what happened agriculturally in 2015. Last week’s article provided a review of 2015 crop....More
in Focus on Ag Dec 14, 2015

2015 Agriculture review, part 1: Crop production and weather

Crop growing conditions in much of the Upper Midwest were almost ideal throughout much of the growing season. Conditions were not nearly as favorable....More
in Focus on Ag Dec 08, 2015

Fine-tune profit margins for 2016

Looking for ways to reduce or control direct and overhead expenses, including land rental costs, is also a key to improving profit potential for....More

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