Feb 22, 2011

China Mulling Import Tariff Cuts

  A report that China may cut import tariffs on some food commodities in a further effort to combat inflation helped send grain and soybean futures sharply higher on Thursday morning. China's Ministry of Commerce (MOC) is mulling cuts to import tariffs on a variety of goods including key foodstuffs such as soybeans and soyoil, sources familiar with the move told Reuters News Service on Thursday....More
Feb 22, 2011

Crop Insurance Decisions

  Many farm operators are now finalizing their crop insurance decisions for the 2011 crop year. March 15 is the deadline to purchase crop insurance for the 2011. Following are some considerations:   YIELD PPROTECTION (YP):  ...More
Feb 22, 2011

Should I Buy that Land?

  Let’s take a Road Warrior trip south of the Twin Cities to an AgStar Financial Services event in Lakeville, MN, where a middle-aged producer asked me the million dollar question. Yes, it was a million dollar question concerning some farmland with no development potential selling for $13,000/acre.  He asked, “Should I buy land given I have been very profitable in the grain business in the last five years? Here was my response.  ...More
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