More in Business

  • Sep 30, 2014
    blog

    Got the racecar, but don’t know how to drive It

    How often do we see, particularly in family business transition, a situation in which the younger generation returns to a business that has been a profitable high performer for the previous generation, but it continuously fails to “finish the race” or underperforms compared to peers when the younger generation steps into the driver’s seat?...More
  • Sep 30, 2014
    blog

    Market surprise from grain stocks report?

    USDA released their September quarterly stocks report and the markets are lower across the board. No real surprises in my opinion! Some of you however might be surprised when you see the soybean market lower on sub-100 million ending stocks numbers....More
  • Sep 23, 2014
    blog

    2014 Crop insurance payments likely (in Minnesota) 1

    The continued low CBOT corn and soybean prices increases the likelihood of significant 2014 crop insurance indemnity payments for many Minnesota farm operators that have 80% and 85% RP insurance policies in place. Crop insurance payments may not be as widespread in states such as Iowa and Illinois, which are likely to have much higher 2014 corn and soybean yield levels than will exist in much of Minnesota....More
  • Sep 23, 2014
    blog

    The power of inflation: Time is not on your side! 2

    As you think about retirement, keep in mind how inflation can impact your investment strategies. At a 4% historical long-term inflation rate, $50,000 becomes $25,000 in buying power by the year 2032 (72 / 4 = 18 years). As a goal, one should aspire to generate a return on your investments including dividends and appreciation that meets or exceeds the rate of inflation to maintain buying power....More
  • Sep 19, 2014
    video
    Corn+Soybean Digest

    Using Climate Basic and Climate Pro on the farm 2

    David Friedberg, CEO, Climate Corporation, recently talked to CSD Managing Editor Susan Winsor about using Climate Pro and Climate Basic on the farm. The apps and programs help farmers see growth stages, soil moisture, offer recommendations for harvest based on grain moisture, and more, including field work decisions....More
  • Sep 16, 2014
    blog

    Biggest threats to young, beginning farmers 1

    The saga of the young farmer and rancher continues as transition in the agriculture industry is in full bloom. While there is no surefire way to get started, there are some common threats, whether starting from scratch or entering a family business. Let’s examine some of the threats and pitfalls that frequently arise....More
  • Sep 12, 2014
    blog

    Will soybean prices stabilize?

    As a producer I see nothing wrong starting to unwind a very small portion of your remaining soybean short hedges. The break has paid huge dividends and there is absolutely no need to get overly greedy....More
  • Sep 12, 2014
    video

    OADA can help simplify big data 1

    Ault spoke with Managing Editor Susan Winsor about the current disconnect with data in agriculture, as well as how OADA can help farmers manage data and make it work for them, and help with the tasks farmers need help with....More
  • Sep 2, 2014
    blog

    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
  • Aug 29, 2014
    video
    Corn+Soybean Digest

    Predicting on-farm costs 6

    Brian Watkins farms near Toledo, Ohio. For a long time, he’s been working on a computer model to predict costs on his 7,000-acre corn and soybean farm. He came up with Cropzilla. Using a $3.50 corn price, the numbers have absolutely influenced the decisions he’s made on his Ohio farm, he says....More
  • Aug 26, 2014
    blog

    Profit margin compression, part 1 1

    In over 30 years analyzing and examining farm record data, I have noticed that profitability decline will usually precede cash flow and repayment ability issues by about two to three years. Could it happen this time?...More
  • Aug 21, 2014
    video
    Corn+Soybean Digest

    Using UAVs on the farm 1

    Jim Love, farm business advisor, Beck’s Hybrids, talks about using UAVs on the farm. “Once you’ve purchased the plane or the helicopter the money is spent, so now the trick is, how many times can I use it. Even if it’s a small problem, if I can sort it out, it’s going to be better for the grower,” he says....More
  • Aug 19, 2014
    blog

    Global and domestic economic risk

    Currently, as of mid-August, geopolitical risk is the largest risk with a “code red.” The unrest in Ukraine and tension in the Middle East move markets daily. Unfortunately, agriculture is often the industry first affected by political and military unrest....More
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