More in Corn

  • 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 23, 2015
    blog

    Will strong corn exports push acres higher?

    On the supply side of the equation, most sources are talking about U.S. producers perhaps going back with more corn next year. The fall in soybean prices coupled with the new farm bill policy, corn has quickly become a more viable option....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
  • Jan 13, 2015
    blog

    Decision making with negative margins, part 1

    The reality is setting in that some producers, particularly those in the grain sector, will experience negative margins in 2015, which is something not experienced in many years. How can a producer troubleshoot their business and work with their lender when margins are tight, or even negative?...More
  • Jan 13, 2015
    blog

    Management strategies for 2015

    In 2015, crop revenues are likely to be significantly reduced compared to revenue levels in recent years. 2015 crop input costs for seed, fertilizer, and chemicals are likely to be similar to 2014 levels, and land rental rates will likely remain fairly high, which adds more risk to 2015 crop production....More
  • Jan 9, 2015
    blog

    Cutting through the details: My thoughts on Monday's USDA data dump

    Moral of the story, don't overthink this market and do not get overly convicted to your preconceived ideas or thoughts. This is simply about reducing your risk and turning a profit. The easier you can accomplish this goal the better your going to be....More
  • Jan 6, 2015
    blog

    Market year average prices affect farm program decisions

    One of the key components for farm operators to understand as they evaluate the new farm program options is the concept of Market Year Average (MYA) price. The MYA price for a given crop year is used to calculate any potential payments for all three farm program options: Price Loss Coverage (PLC), Ag Risk Coverage-County (ARC-CO), and Ag Risk Coverage-Individual (ARC-IC). The historical MYA prices are also used to determine the benchmark revenues for both the ARC-CO and ARC-IC program options....More

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