Sep 8, 2014

Profit margin compression, part 3 – Price reality 1

Inflation, while benign in the general economy, has been running full steam ahead in input and operating costs in the agriculture industry ranging anywhere from 5% to 10% annually. Combine this with increases in real estate taxes and the fixed cost component of equipment and machinery, and one can quickly observe how profit margins have quickly disappeared with lower commodity prices....More
Sep 2, 2014

Profit margin compression, part 2: Operating expenses to revenue ratio 1

The average producer on FINBIN databases typically spends 73-75¢ to generate $1 of income, leaving only roughly 25¢ for other financial obligations. It is disturbing that this ratio jumped above 80¢ in 2013 for the first time since 1995, illustrating severe margin compression, particularly among the average producers....More
Sep 2, 2014

Late-season growing conditions could impact corn, soybean yields

A big challenge in many areas of the Upper Midwest is continued cooler than normal temperatures, and lower-than-normal accumulation of growing degree units (GDUs). This raises concerns that some of the 2014 corn and soybean crop may not reach maturity prior to the first killing frost, especially in areas with very late planting dates this past spring....More
Aug. 29, 2014

What will your corn yield this fall? 33

It's that time of year. Harvest is around the corner and farmers are anticipating yields. We'd like to know what you think your corn will yield this year? Will it be on average for your farm? Above average? Or, did you have a tough year? Take the poll and let us know. And, leave a comment with your anticipated yield number, as well as your county/state. We'd love to hear from you!...More

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