More in Management

  • Nov 25, 2014
    blog

    Repayment risk in a variable economic environment

    Lessons from the past find that the stress point in business financials is repayment capacity given debt service commitments. Repayment capacity and the management factors that influence it should be front and center in many farmers’ game plans....More
  • Nov 20, 2014
    blog

    Be #thankful4ag!

    This month in particular, let's all be #thankful4ag. In doing so, go to thankful4ag.com, a cool website set up by Bayer CropScience. There, you can create a virtual holiday meal, learn some neat agriculture facts, and, the best part, help donate meals to those in need....More
  • Nov 18, 2014
    blog

    5 Characteristics of profitable farmers

    The grain industry is taking a body blow punch as prices have moderated over the year. If the lower prices continue into 2015 and beyond, there will be a “punch in the mouth” which will disrupt many producers’ strategic planning in the middle and later parts of the decade. A certain set of producers will still be profitable in the economic moderation. Let’s examine some of their characteristics....More
  • Nov 18, 2014
    blog

    USDA lowers expected 2014 corn production 1

    In most instances, record USDA crops get even bigger as the crop is being harvested; however the Nov. 10 USDA Crop Report lowered the expected 2014 expected U.S. corn production by 68 million from the October estimate. The Nov. 1 USDA estimate lowered corn yield estimates by 5 bushels per acre in Minnesota and by 2 bushels per acre in Iowa, as compared to the October estimate....More
  • Nov 11, 2014
    blog

    Caution advised on high land rental rates 3

    Lower corn and soybean prices are causing some concern among farm operators, as they negotiate land rental rates for the 2015 crop year. Some 2015 land rental rates may be set at levels that do not offer much opportunity for profit potential from crop production in 2015, or could even result in a significant net loss to the farm operator....More
  • Nov 11, 2014
    blog

    Economic straight talk: The grain industry

    The great commodity super cycle has burned out. It lasted for a decade, two and one-half times longer than any previous super cycle boom time over the past century. The easy money has been made in the grain industry; however, top-flight managers can still earn a profit when they focus on production and operations, marketing, risk management, and, of course, carefully monitoring finances....More
  • Nov 4, 2014
    blog

    Formal education in agriculture doesn't mean success

    Too often young people attend a university for the degree rather than the education, which can be a waste of money and time. As a professor, I am not disputing the value of an education; however, some of the most motivated lifelong learners are outside a degree program and they often make very successful entrepreneurs....More
  • Nov 4, 2014
    blog

    2014 Crop insurance harvest prices finalized 2

    Many farmers with final 2014 corn and soybean yields below actual production history (APH) crop yields who had a revenue protection (RP) crop insurance policy in place in 2014, will likely be able to collect a crop insurance indemnity payment on the crop losses incurred this year....More
  • Oct 28, 2014
    blog

    Price increases could impact crop insurance payments for 2014

    Even with projected record U.S. production of both corn and soybeans in 2014, the market prices of both crops have risen during the month of October. While the recent improvement in grain prices is generally good news to crop producers, it could be costly to farm operators that will likely qualify for 2014 crop insurance indemnity payments....More

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