More in Business

  • Mar 15, 2016
    blog

    Agriculture stats for National Ag Week 1

    National Ag Week is March 13-19 across the United States, and March 15, is National Ag Day. To help celebrate, enjoy some statistics about today’s agriculture industry....More
  • Mar 11, 2016
    blog

    Managing risk in today's grain markets

    I believe far too many producers right now are looking to bail themselves out by outperforming the markets. The best and most consistent marketers and investors always look to control risk first; return is simply a secondary byproduct....More
  • Mar 8, 2016
    blog

    Economic volatility will present opportunities, and failure for those who don't manage it

    Recently, a Kansas producer of the Baby Boomer generation asked me, “Hey Doc! When will economics stabilize?” Well, it is certainly understandable for producers to seek some sense of economic normalcy in these days of economic reset. My response, however, may not deliver the comfort for which this producer was hoping, but it is definitely not all bad news. ...More
  • Mar 8, 2016
    blog

    Can anything push soybean prices higher? Weather? WASDE? Exports?

    Soybean traders are talking about heavy technical resistance on the charts up around the $9.00 level vs. the NOV16 new-crop contract and just slightly lower vs. the old-crop contracts....More
  • Mar 1, 2016
    blog

    Don't get caught offsides in the corn market

    Corn bears continue to talk about the importance of the MAY16 contract holding "psychological support" at or slightly above $3.50 per bushel. Many insiders continue to believe a technical breakdown below this level could trigger a sell-off to around $3.20....More
  • Feb 29, 2016
    blog

    Cost-Cutting 101, part 2: Land rent, capital expenses, labor costs

    With this list of potential reductions, including land rent, capital expenses labor and other costs, hopefully our producer focus groups provided some ideas on which you will expand. An economic reset offers the opportunity to re-evaluate and improve your operation both for short-term and long-term sustainability....More
  • Feb 23, 2016
    Commentary

    Cost-cutting 101: Fuel, family living, fertilizer

    This is a starting point in the cost-cutting process, as suggested by producers. Granted, this is a tough process that requires time, examination and inevitably, some hard choices. However, developing a strategy to cut costs strengthens both short-term and long-term sustainability....More
  • Feb 19, 2016
    Commentary

    Will USDA increase South America's corn production?

    Corn bears continue to argue that second-crop corn production in Brazil is improving and that the USDA might eventually need to bump their total Brazilian corn crop production estimate higher by 2-3 MMTs....More
  • Feb 16, 2016
    blog

    With low prices, crop insurance is a risk management tool

    Due to the current tight margins in crop production for the 2016 crop year, some farmers are contemplating reducing crop insurance coverage to save on premium costs. While there may be a small savings in the premium costs per acre, that decision could add considerable risk to the farm operation for the coming year....More
  • Feb 12, 2016
    blog

    Why are the corn and weather bulls backpedaling?

    Corn bulls were again disappointed by weekly U.S. export sales. This already has some wondering if the USDA will ultimately need to further reduce their latest estimate....More
  • Feb 10, 2016
    blog

    Too progressive? 1

    I enjoy good debates with farmers because often, everyone gains something in the process. But conversations become difficult for me when science is ignored in favor of personal beliefs....More
  • Feb 9, 2016
    blog

    Can meal demand drive the soybean market higher?

    meal demand to lead soybean market higher, high protein in high demand...More
  • Feb 8, 2016
    blog

    Farm equity doesn't pay the bills

    Regardless of crop or livestock prices, the global economic forces of the U.S. strong dollar and weaker demand continue to suppress revenues. Coupled with elevated fixed and variable costs, lower commodity prices and global uncertainty, many producers are pressed to face negative margins or at best, a breakeven point in income....More
  • Feb 8, 2016
    blog

    7 considerations for choosing the best crop insurance in 2016 1

    March 15 is the deadline to purchase crop insurance for the 2016 crop year. Profit margins for crop production this year are the tightest they have been for several years, which makes the 2016 crop insurance decisions even more critical....More

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