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  • Feb 10, 2016
    blog

    Too progressive?

    I enjoy good debates with farmers because often, everyone gains something in the process. But conversations become difficult for me when science is ignored in favor of personal beliefs....More
  • Feb 8, 2016
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    Farm equity doesn't pay the bills

    Regardless of crop or livestock prices, the global economic forces of the U.S. strong dollar and weaker demand continue to suppress revenues. Coupled with elevated fixed and variable costs, lower commodity prices and global uncertainty, many producers are pressed to face negative margins or at best, a breakeven point in income....More
  • Feb 8, 2016
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    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 been for several years, which makes the 2016 crop insurance decisions even more critical....More
  • Feb 2, 2016
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    International trade risk impact on agriculture industry

    Historically, agriculture has led the rest of the economy going into an economic downturn. Will this historical pattern hold true again for the U.S.?...More
  • Jan 25, 2016
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    4 tips to help set farm business goals

    By Groundhog Day, one needs to have business family, and personal goals clearly written out for the year. These written goals should be SMART: specific, measurable, attainable, rewarding and timely....More
  • Jan 19, 2016
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    State of the ag economy, part 2: Economic growth, inflation, unemployment

    It is important to note that the leading economic indicators show concerning signs of a slowing or contracting U.S. economy. Specifically, manufacturing, energy and other basic industries will see the slowdown first. However, regardless of the industry, a recession in the U.S. would create widespread impact....More
  • Jan 12, 2016
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    State of the ag economy

    In order to successfully navigate the economic reset, one must factor in outside influences. Factors such as the U.S. economy will bear direct impact on future profit potentials for farm businesses. Monitoring key indicators can help you better direct and focus your strategic planning for future sustainability....More
  • Jan 12, 2016
    blog

    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 businesses to consider during these highly volatile and potential stressful financial times in the farming business....More

Will you back out of land rent contracts this year?

Rencently, Reuters published a story about farmers backing out of land rent contracts. Corn and soybean prices are below break-even levels, inputs haven’t come down much, and penciling a profit may be tough for some farmers in 2015. We’d like to know: Will you cancel some land rent contracts due to costs this year? Are you considering it? Or is losing land not an option for your farm? Take our latest poll and let us know. And leave a comment with your thoughts on land rents and prices and how that will impact your operation. Also, read more about this issue in a recent story we published.

 


Which inputs will you cut back in 2016?

Prices are still low, and inputs still haven't met the drop. This may lead farmers to cut inputs in 2016. We'd like to know, compared to your 2015 input expenses, where do you plan to cut the most for 2016? Will you cut back most on fertilizer? Seed? Herbicide? Will you cut across the board? Or, will you stick with 2015 cost levels? Feel free to leave a comment about your choices below!

 


How would $700 million dollars impact your farm?

The Powerball jackpot is going to be around $1.4 billion for the Jan. 13 drawing. ONE-POINT-FOUR BILLION DOLLARS. That's seriously life-changing. Even if you took the lump sum option, which will probably be around $900 million. Not a bad paycheck. How would winning something like that impact your farm? Would you buy more land? Hire people to run your farm? Or just pack up and leave it all behind? Have a little fun and take our latest poll! Feel free to comment with more options of spending your millions.


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