Oct 21, 2014

Financial measure of efficiency for farm businesses 1

In many of my speeches I emphasize that better is better before bigger is better; that is, get efficient before you embark on growth. What is a good financial measure of efficiency for farm businesses? One of my favorites is the operating expense to revenue ratio....More
Oct 21, 2014

Corn, soybean harvest progressing nicely; yields vary 1

The fall harvest season started a bit later than normal in 2014, but has been progressing at a fairly nice pace in recent weeks across the region. In the areas that did not receive a killing frost in September, most crops were allowed to reach full maturity, which will likely add some yield and the quality of the corn and soybeans. Areas affected by the early frost, have reported reduced soybean yields, as well as some quality issues with the corn....More
Oct 17, 2014

Will weather in South American support soybean prices? 2

Growth in supply has clearly outpaced growth in demand. It's going to take a little bit of time, but eventually I suspect the wrinkles get ironed out and prices start to stabilize (I just don't think we are there yet). Producers should remain patient, keeping all soybean hedges in place, and use any extended "geopolitical" or "weather" related rallies to reduce additional long-term risk....More
Oct. 16, 2014

How much nitrogen will you split-apply? 8

Feeding your crops when they use and need it most has been recommended by Extension experts. There are benefits, but also some downsides. We'd like to know: Will you split-apply nitrogen on your corn acres for 2015? Do you split-apply all acres? Only some? Or, will you stick with a fall application only? Take the poll and leave a comment with your 2015 nitrogen plans....More

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