More in Soybeans

  • Feb 13, 2015
    blog

    Market dynamics to push soybean prices higher

    As I pointed out weeks ago, politics and logistics can often be more of an uncertainty in South America than actual production. As long as the world needs or is relying on South America for supplies, the trade could remain nervous....More
  • Feb 10, 2015
    blog

    Farm program deadlines approaching

    The deadline to finalize decisions on base acre reallocation and updating payment yields at local Farm Service Agency (FSA) offices is Feb 27. The deadline for producers to complete the farm program choice on each farm unit, and potentially on each eligible crop, is March 31....More
  • Feb 6, 2015
    blog

    The secret to improving your grain marketing

    Anybody can market $8 corn but it takes a great marketing plan to market $4 corn. Know your strengths and weaknesses; consistency is key to your corn and soybean marketing plan. Make a strong commitment to executing your marketing plan....More
  • Feb 3, 2015
    blog

    Do you know your cost of production?

    Many producers, including larger operations, quickly get themselves into a serious financial condition if they are complacent and fail to monitor financial records. A good CEO producer will generally have a good idea where they stand financially at any point in time....More
  • Feb 2, 2015
    blog

    8 Tips for risk management in 2015

    It appears we are definitely likely to see much tighter profit margins in corn and soybean production in 2015 and beyond, as compared to profit levels in recent years. These tighter margins can be manageable for farm operators that pay attention to farm operating expenses, land costs, overhead costs, etc., and have a good handle on what their breakeven market price levels are....More
  • Jan 27, 2015
    blog

    Advice for teens who want to farm

    At a recent event, David Kohl offered advice to teenagers who want to farm or be in the agriculture business. Focusing on different types of education and classes, he encouraged students to take a variety of classes, focus on the good professors and to complete internships outside of their region and country....More
  • Jan 27, 2015
    blog

    Cash flow planning with PLC, ARC-CO, ARC-IC

    Those currently involved in doing cash flow planning may wonder what amount, if any, can be included in a cash flow projection for estimated farm program payments from the 2014 corn and soybean crop, and possibly for the 2015 crop year. There are many variables that factor in to the calculation of potential farm program payments; however, by knowing a few of the basics, a person can make a reasonable estimate of potential payments for 2014, as well as possibly for 2015....More
  • Jan 22, 2015
    blog

    Average cost of production: $4.23 corn, $10.96 soybeans 1

    How do your production costs look for the year ahead? Iowa State University just released its 2015 crop-production estimates, and I hope your figures look better than these guidelines. That won’t be easy, I’m afraid, but then actual costs can vary greatly....More
  • Jan 22, 2015
    blog

    Winter: Time to ponder

    Ahh the doldrums of January are upon us. Time to ponder your agronomic practices, tinker with equipment and fine-tune the business plan given the current state of commodity prices....More
  • Jan 20, 2015
    blog

    USDA report recap, January 2015

    As expected, the USDA Crop Production Report released on Jan. 12 indicates that both the total U.S. corn production and soybean production for 2014 were at record levels. The final 2014 national average yields per acre for both corn and soybeans were also at record levels. Following are some highlights of the recent USDA Crop Production Report, as well as the latest USDA Supply and Demand (WADSE) Report....More
  • Jan 20, 2015
    blog

    Decision making with negative margins, part 2: Returning to positive margins

    Let’s examine five-steps for returning to positive margins in your agriculture business, in no particular order. Some of these steps can be used to build efficiency in profitable businesses as well....More

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