Farmers are increasingly scrutinized and being frowned upon by consumers for their use of GMO seed. It's sometimes hard to respond to those negative comments. Here are some resources, from Facebook pages and websites to informational stories we have written, to share with people who may not understand the science and technology behind GMOs, not to mention the benefits!
“Agriculture is the story of productivity: doing old things better,” says Mark Drabenstott, a global economist, Federal Reserve 25-year veteran. “The future belongs to those who innovate, doing better things. Commodity markets require even more risk management in an ever-riskier environment."...More
If you look back five years, what would you have said then compared to where we are today? Let’s dial the time machine back to 2010 and examine some of the hits and misses in economic projections....More
I gave a recent conference attendee an assignment to complete during his nearly two hour drive home that evening. His assignment was to come up with 10 perspectives from my speech and give them to mom to turn in when she returned the next morning. And he did. From moderation in family living cost to knowing your bottom line, that young college student picked up my tips for success....More
Heather Oden says today’s female generation can benefit from being part of what has been a predominantly male industry. “Today’s production agriculture creates opportunities for women that we did not have before. Sometimes I stand out in a meeting because I am a female. That gives me a platform to educate other farmers about my role on the farm."...More
Amid an ongoing worldwide slump in grain prices, Eighth District agricultural bankers reported a continued decline in farm income during the first quarter of 2015 compared with the previous year, according to latest Agricultural Finance Monitor. The average value of quality farmland also declined, with this trend expected to continue during the second quarter....More
In late March, USDA announced some proposed revisions to the actively engaged rules that are designed to further clarify some of the definitions and rules surrounding the requirement for management in a farm operation. This could potentially restrict certain individuals that currently qualify for farm program payments from potentially having future farm program payment eligibility beginning with the 2016 crop year....More
Last week we talked about cash flow, sensitivity analyses and liquidity and how those matter when working with your ag lender. This week, lets go over the importance of a business plan, communications and productive assets....More
Farmer and ag ambassador Quint Pottinger explains the three legs of farming to consumers: environmental sustainability, economic sustainability and social sustainability (i.e., public support). “If we can’t convey a positive image of agriculture and the value it brings every family, then we run the risk of negative legislation that constricts our freedom to operate," he says....More
Sterling Liddell, vice president, food and agribusiness research, Rabo AgriFinance, talks about what's driving land values. There are four important factors: commodity prices, input costs, margins and interest rates....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.