In the 5 ag stories to read this week, get a land value outlook and projections into net incomes for 2015. Read about winter drainage water management and take our latest poll about input cuts. Finally, enjoy a holiday serenade from Farmer Derek.
Regardless of the economic outlook, the cycle, or even where we are in the cycle, it is still good to be a farmer. The agriculture industry is integral to global economics, continuing innovation, and generations of sustainability....More
The recent Trans-Pacific Partnership agreement would reduce more than 18,000 current tariffs that inhibit American products from being exported to the other TPP countries. The agreement would also open up U.S. trading possibilities with a wider range of Asian countries on more goods and services....More
In tough economic times there is sometimes a tendency to ignore or deny reality and hope better times magically reappear. Instead, reach out and use the resources around you. Attend meetings and engage with your lender, supplier, and peers. Networking can be extremely useful in developing strategies and actions to navigate tough economic times....More
Leaders say change happens through growth over time. I hope we can all try to get outside our comfort zone. Taking that first step can lead to less fear and put us on the road to greater success....More
In the 5 agriculture stories to read, access a new risk-management website for farmers and see estimates for 2015 ARC-CO payments. Read about hired worker and wage increases for 2015 and learn about cloud-based farm-management software that helps save time and improve budget planning. Finally, enjoy the latest pro-ag parody from the Peterson Farm Bros.
Many factors in the agricultural economy are leading farmers to consider leasing new equipment purchases instead of an outright purchase. It’s important to consider both the pros and cons to this decision and consider what effect lease vs. purchase decisions have on the tax return....More
The wildcard in this economic reset will not be your lender, the agribusiness industry, or government response; it is the regulator. Like many others in the industry, regulators are readying for headlines and stories of economic stress within various commodity groups. Their reaction to these headlines, however, will largely determine the ability of an individual producer or agribusiness to successfully obtain credit....More
Workers hired directly by farm operators numbered 841,000 for the reference week of October 11-17, 2015, up 8% from the October 2014 reference week. There were 872,000 workers hired directly by farm operators on the Nation’s farms and ranches during the week of July 12-18, 2015, up 4% from the July 2014 reference week....More
As the agriculture industry continues to reset, these stories should command particular attention. Changing trends and lack of accurate financials have the ability to shut down your profits. Business planning, monitoring and execution hold great power in your business success....More
Two factors are leading some farm operators to be overly optimistic about crop income expectations for 2016, and is also resulting in some landlords being unwilling to reduce high cash rental rates for the 2016 crop year....More
As landowners calculate farmland rental rates for the coming year, they may want to consider completing the process with a written cropland rental or lease agreement. Such a document can go far to protect both landowners and tenants, says Rory Lewandowski, an Ohio State University Extension agriculture and natural resources educator....More
As the 2015 corn and soybean harvest season is wrapping up, some producers have wondered if there will be any 2015 crop insurance payments, given the decline in crop prices. However, most crop producers in the Upper Midwest had above average yields in 2015, and crop prices have not dropped as dramatically, which will make 2015 crop insurance payments less likely....More
Tying conservation practices to federal crop insurance rules and rates requires turning field experience into public policy, and that requires data. AGree, a collaborative effort founded and funded by nine of the world's leading foundations committed to food and agriculture, is attempting to make that connection....More
In the 5 ag stories to read this week, get advice from experts on not skimping on crop inputs and see what a balance sheet looks like with lower farmland prices. Read about an EU rejection of opting out of biotech food and learn about changing chisel points to increase residue. Finally help out an ag-friendly Senator who supports biotech and a uniform food labeling system.
The first confusion surrounding ARC-CO payments is why producers in one county get the maximum payment for a crop for the 2014 crop year, and producers in another county get zero payment for the same crop....More
In the 5 ag stories to read this week, take in some online agronomy classes and get new tips for phosphorus application. Read about the latest rules for drone use and get out to sample for SCN. Finally, take some time to set Subway straight and share some reliable farm information about antibiotic use in livestock.
As economic scenarios continue to play out in the emerging nations, it will be interesting to see which options the pilots of our economy choose with political dysfunction, global military and social tensions on the rise....More
The increased corn and soybean yields in the latest USDA Report was more than offset by reductions in the estimated harvested acreage for both crops, and resulted in decreases in the expected 2014 crop production levels, compared to the September report....More
The final 2014 MYA prices announced by the National Ag Statistics Service (NASS) were $3.70 per bushel for corn, and $10.10 per bushel for soybeans. These are the MYA prices that will be used across the United States on a county basis to determine if corn and soybean producers are eligible for a 2014 ARC-CO payment in October....More
In the 5 agriculture stories to read this week, get some considerations for lime applications and learn more information about tar spot, a newly spotted corn disease. Review crop budget changes for 2016 and get some harvest and post-harvest tips. Finally, enjoy a story about farmers helping farmers in a time of great need.
Cash rents on professionally managed farmland likely will decrease for the 2016 cropping year. Rents on non-professionally managed farmland likely will decrease as well. However, projected rent decreases are not large enough to cause farmers to have positive returns in 2016....More
Many farm operators in the Upper Midwest are anticipating significant county-based Ag Risk Coverage (ARC-CO) farm program payments on corn for the 2014 crop year. Some producers are also likely to receive a fairly substantial ARC-CO payment for soybeans for the 2014 marketing year. It was recently revealed that the likely 2014 ARC-CO farm program payments, and any other farm program payments, are likely be subject to Federal government sequestration provisions....More
This is my list of the worst top 10 management practices. There are most certainly other aspects and components that are very important for businesses, but this list demonstrates that discipline is required for success. Even the mundane, seemingly boring tasks and details can be extremely important....More