More in Business

  • Apr 14, 2015
    blog

    Oil prices & other economic factors impacting farm revenue

    In my road warrior travels interacting with producers and agribusiness leaders, there is much discussion concerning oil prices and other economic variables that seem to provide a surprise around every corner. A question from one producer was, “How is oil connected to up to 80% of farm and ranch expenses and potential revenue?”...More
  • Apr 10, 2015
    blog

    Is a bullish weather card still in the deck for corn?

    With the weather wild-card still floating around, I think best practice is to simply remain patient and wait for a move higher to reduce any additional new-crop or old-crop risk....More
  • Apr 7, 2015
    blog

    Will U.S. planting delays keep the bulls fed? 2

    Corn continues to trade in a sideways channel as both the bulls and bears defend their case. The bulls continue to talk about planting delays down South caused by conditions that are too wet, while those in the northern Corn Belt are talking about conditions being too dry....More
  • Apr 7, 2015
    blog

    Family dynamics in business: The curse of wealth and compensation

    A “kiss of death” to businesses is bringing the younger generation into the business on a manager’s salary, but with hired employee work or skill sets. This principle is accentuated in a volatile economic climate....More
  • Mar 31, 2015
    blog

    Family dynamics in business: Handling employee issues

    Handling employee issues in a farm business, particularly a family-run farm business, is tricky. Sometimes, a meeting is a better choice than an email. But treating all employees like employees, and not family, is a must....More
  • Mar 31, 2015
    blog

    Custom farming rates increase for 2015

    As has been the trend in recent years, average 2015 custom rates for farm work are likely to show a small increase, compared to 2015 custom rates. Most custom rates for tillage, planting, and harvest operations in 2015 are listed at 2-5% above the rates for similar operations in 2014, with an average increase of about 3.5%....More
  • Mar 27, 2015
    blog

    Time to minimize risk and leave hedges in place

    Corn traders seem to be squaring up positions as we are now only a couple of days from the highly anticipated Prospective Planting Report and USDA Quarterly Stocks data....More
  • Mar 24, 2015
    blog

    Impact of family dynamic on business dynamics

    How often do we find a major change in operations or expansion makes perfect economic sense; however, the important human elements trump economics....More
  • Mar 24, 2015
    blog

    Future challenges for crop insurance

    The Obama Administration and some members of Congress are currently proposing some major changes in the federal crop insurance program. At the same time, other members of Congress and agricultural leaders are stressing the need to maintain a strong crop insurance program as the centerpiece of a risk protection program for U.S. crop producers....More
  • Mar 20, 2015
    blog

    Can South America news support soybean prices?

    Without the problematic political and labor headlines out of South America and no leverage from the weather at this point, soybean bulls are facing an increasingly tough uphill battle. Crush margins are drastically backpedaling here in the U.S., and South American exporters are clearly starting to get their legs underneath them....More
  • Mar 19, 2015
    video
    Corn+Soybean Digest

    Farmlogs Advantage: Digital tools for precision ag

    Farmlogs has some new features for growers, and they're calling it Farmlogs Advantage. CEO and co-founder Jesse Vollmar talked to us about the new features the Advantage product offers, including in-season crop health monitoring, activity recording and access to years of data maps. Farmlogs Advantage offers growers a chance to use their precision ag to a higher level, says Vollmar....More
  • Mar 17, 2015
    blog

    Is U.S. weather, acreage uncertainty enough to push corn prices higher?

    There's really nothing excitingly bullish in the balance sheet, but the trade is eager to see what type of planting conditions U.S. producers will be forced to deal with. This uncertainty may temporarily prove to be enough to keep some type of price floor in place for new-crop contracts....More
  • Mar 17, 2015
    blog

    Do you have the sixth C of credit?

    The five Cs are important criteria for credit, but a sixth C is very important in terms of management, which frequently makes a difference in the five Cs of credit. The sixth C is the cranium....More
  • Mar 12, 2015
    video
    Corn+Soybean Digest

    Considerations for crop insurance coverage

    The dealine for 2015 crop insurance elections is just days away. As you finalize your choices, consider the following: what coverage is best for your farm, and look at all available options, particularly new ones from the 2014 Farm Bill....More
  • Mar 10, 2015
    blog

    Impact of education on income and unemployment

    Education does have an impact on employment, income, and who participates in the workforce. Moving forward, the agriculture industry will be starved for talented people who can manage increased sophistication of technology and innovation on complex businesses....More
  • Mar 10, 2015
    blog

    Less than a month to make decisions on new farm programs

    Most farm operators have been contemplating farm program choices for the new farm bill for the past 6-8 months; however, decision time has now arrived. Producers have until March 31, 2015, to complete their farm program choice at local USDA Farm Service Agency (FSA) offices....More
  • Mar 10, 2015
    blog

    USDA WASDE report has bears and bulls jockeying for position in the corn market

    Corn continues to trade sideways and struggles to take out nearby technical resistance. The USDA numbers in the March 2015 WASDE report did little to change the current theme. Remember: it's early in the race and both the bullish and bearish traders are jockeying for inside position....More

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