Jul 22, 2014
blog

Can soybean demand keep grain prices afloat? 1

I suspect with Chinese demand staying strong, some definite uncertainties remaining in Argentina and the entire month of August still ahead of our U.S. crop, the trade may take a bit slower approach to reducing price-risk. Producers should continue to keep hedges in place. Any rally back towards the $11.00 to $11.30 range must be viewed as an opportunity to reduce longer-term risk....More
Jul 22, 2014
blog

Candidate forums highlight Farmfest 1

Farmfest 2014 will feature an exciting line-up of feature forums, including candidate forums for Minnesota governor, U.S. Senate and congressional candidates from Minnesota’s first, second, sixth and seventh districts. The forums will be held August 5, 6, and 7, in the Wicks Forum Building, near the center of the show site, which is located at the Gilfillan Estate, 7 miles southeast of Redwood Falls, Minnesota....More
Jul 22, 2014
blog

Back to the Future, Part 2: Ag lending and financial management 1

An interesting trend in both the 1980s and today is that late in the economic cycle, many lending institutions saw opportunity in the agriculture industry, and thus came into the field of agriculture for profits....More
Jul 18, 2014
blog

Here’s a cash rent approach you can live with 2

Sam Halcomb calculates a field’s revenue-generating potential, then offers a landlord 25-33% of that for cash rent. He’s found over the years that 25-33% accurately reflects a point where he can profit from current market conditions, while capturing present market values to satisfy the landlord....More
Jul 15, 2014
blog

Views from the corn field 1

In visiting with producers between sessions at a recent conference, the big question was, “What if a large crop occurs next year in both hemispheres?” If that does occur, many producers who have high fixed cost structures will either continue to burn through working capital and cash, or they may be required to refinance operating losses, if their lenders approve....More
Jul 15, 2014
blog

Corn, soybean prices drop after July WASDE report 1

The USDA World Agricultural Supply and Demand Estimates (WASDE) Report released July 11 provided more negative numbers for future corn and soybean prices. The report showed significant increases in the projected ending stocks for both corn and soybeans by Sept. 1, 2015. The report also verified the expectations for very good to excellent 2014 national corn and soybean yields in the U.S. Corn and soybean market prices have dropped dramatically in the past few weeks, which will likely have a significant financial impact on farm operators in the Upper Midwest....More
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