In the 5 ag stories to read this week, check for herbicide resistance in pigweed and get scouting advice. Benchmark your labor efficiency and learn about taking unprofitable land out of your farmed acres. Finally, enjoy a list of reasons why you know you're a farmer.
To avoid losses on 2016 corn and soybeans, ag economist Gary Schnitkey, University of Illinois, recommends growers cut $100 per acre. This suggestion has garnered some questions, and Schnitkey has some answers....More
Increasingly, new lenders will be less familiar with agriculture and farm backgrounds. Further, expect individuals from varied backgrounds, national origins as well as perspectives to enter agricultural lending....More
In the 5 ag stories to read this week, check out some pros and cons to alternative grain storage and read research showing that yield forecast models are accurate. See the variations in farm program payments across high-production states and get tips for calibrating your yield monitor this fall. Finally, enjoy a cool website that features games for the classroom that center on agriculture and farming.
Rain soaked much of the Upper Midwest, providing a generally favorable boost in soil moisture for corn and soybeans in areas where little rain had fallen during the first half of August. Scattered showers dotted the remainder of the Corn Belt, accompanied by a turn toward cooler weather.
The millennial generation of producers will set new trends, use more advanced technology and take the agriculture industry into the future. Now is the time to mentor these young leaders and give them the tools they need to succeed professionally and individually....More
Farm operators are facing one more important deadline for the ARC/PLC Farm Program for the 2014 and 2015 crop years. They need to enroll in the farm program for 2014 and 2015 at their local Farm Service Agency (FSA) office by Sept. 30, 2015, in order to be eligible for farm program payments for those two years....More
good risk management should be a number of strategies implemented in various combinations to mitigate risk for specific business needs. Often, a business manager imagines one silver bullet that will magically address all needs in the operation. Unfortunately, there is no single tool that effective....More
Given farm revenues in 2016 budget projections, costs must be reduced to have positive returns. Cost cuts of $100 per acre will be used at the target. Cuts of $100 per acre would result in $19 per acre of net farmer income, levels that are relatively low and do not provide much margin....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.