• Sep 29, 2015

    Choosing the next enterprise for the farm operation

    There is no magic silver bullet in selecting the next best enterprise for your farm operation. First, assess the goals and values of the business, family and personal lives. After examining the goals, ascertain whether adding a new enterprise is consistent with the goals, both short and long-term. It does not matter what the new enterprise may be if the current business cannot support it....More
  • Sep 29, 2015

    Lower crop prices should impact land rental rates

    Average rental rates for 2015 did drop a bit in some areas, but in general have remained quite high across the region. Farm operators and landlords are now beginning the process of negotiating land rental contracts for the 2016 crop year, and are trying to arrive at equitable rental rates, based on the lower crop prices that we are now experiencing....More
  • Sep 22, 2015

    Would you burn working capital to keep farming?

    First, one must consider the producer’s goals; business, family and personal. Next, look at the current business position. If the business is near the stage of exit perhaps the financial losses and negative margins are not a good use of the excess working capital....More
  • Sep 15, 2015

    Sequestration likely to affect farm program payments

    Many farm operators in the Upper Midwest are anticipating significant county-based Ag Risk Coverage (ARC-CO) farm program payments on corn for the 2014 crop year. Some producers are also likely to receive a fairly substantial ARC-CO payment for soybeans for the 2014 marketing year. It was recently revealed that the likely 2014 ARC-CO farm program payments, and any other farm program payments, are likely be subject to Federal government sequestration provisions....More
  • Sep 14, 2015

    Worst farm management practices

    This is my list of the worst top 10 management practices. There are most certainly other aspects and components that are very important for businesses, but this list demonstrates that discipline is required for success. Even the mundane, seemingly boring tasks and details can be extremely important....More
  • Sep 8, 2015

    Complete, accurate farm financials necessary for ag lenders

    In the past, the lender may have completed the financial records for the borrower in reaction to stiff competition or perhaps, did a simple credit score check before allocating credit. These methods, however, are now history. Lack of complete and accurate financial records is indeed a serious issue; both for the lender and the producer....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.


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