Aug 21, 2012
blog

Farm Family Living-Cost Trends 1

In the last article I indicated that farm family living cost increases were hotter than this summer’s sun-baked fields. With average farm family living cost of approximately $85,000 for 2011, let us examine some of the major trends and components of cost based upon the Nebraskaland Farm and Ranch Management Educational Program’s data summary....More
Aug 21, 2012
blog

Livestock Industry Under Stress 1

The corn and soybean meal market prices have responded to the current U.S. drought with dramatic market increases. Chicago Board of Trade (CBOT) December corn futures prices rose to over $8/bu. by mid-August, an increase of nearly $3/bu. since mid-June, or about a 60% increase in about two months. Similarly, CBOT soybean meal prices have increased by nearly $200/ton in recent months, and are now over $500/ton. Corn and soybean meal are important feed ingredients for all segments of the livestock industry....More

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