While crude oil and corn prices have some common economic drivers that tend to cause a similar price pattern, each have unique supply and demand forces that can make the magnitudes of price moves, the pattern, and the timing vary....More
By Groundhog Day, one needs to have business family, and personal goals clearly written out for the year. These written goals should be SMART: specific, measurable, attainable, rewarding and timely....More
"I think we've gotten away from IPM," says Iowa farmer Blake Crawford. "For my customers, integrated traits in hybrids are the No. 1 option as they are easy to use and affordable versus scouting and using IPM, and give good control of most problem pests."...More
It is important to note that the leading economic indicators show concerning signs of a slowing or contracting U.S. economy. Specifically, manufacturing, energy and other basic industries will see the slowdown first. However, regardless of the industry, a recession in the U.S. would create widespread impact....More
In the 5 ag stories to read this week, download crop budget spreadsheets and a 2015 tax guide. Learn about nematode research and the impact of late weed control. Finally, enjoy some RC tractors in action.
Corn continues to trade in an extremely tight range as neither the U.S. crop or the highly important second-crop of Brazil are in the ground. In other words, there's not a lot of "weather" in the headlines to excite the bulls....More
In the 1950s, CSD advertisers offered a lot to readers. From combines and tractors to an inoculant, vacuum and solvents, check out these products from Phillips Solvents, John Deere, Cargill, Allis-Chalmers and more.
Realistically, there are a lot of great corn hybrids and soybean varieties available for most crops. From my perspective, the equation looks like this: Yield = Genetics x Environment x Management. Management matters far more than most people realize!...More
In order to successfully navigate the economic reset, one must factor in outside influences. Factors such as the U.S. economy will bear direct impact on future profit potentials for farm businesses. Monitoring key indicators can help you better direct and focus your strategic planning for future sustainability....More
Projected profit margins for 2016 crop production are still below breakeven levels for many producers. Here are some financial strategies for farm businesses to consider during these highly volatile and potential stressful financial times in the farming business....More
Overall, corn production in 2015 is down from the 2014 estimate, and stored corn is up from December 2014. Soybean production was estimated slightly up from the 2014 estimate, and stored soybeans were up 7% from 2014....More
Increasing foreign grain production, along with global economic weakness and a stronger U.S. dollar, has resulted in a substantial year-over-year reduction in corn exports during the first 18 weeks of the 2015-16 marketing year....More
Charlie Hammer has never done the same thing for too long, except when it comes to wheels on soil. He has deliberately traveled the same controlled-traffic (CT) lanes on his Beaver Dam, Wis., farm to limit soil compaction....More
2016 certainly will not be a boring year. While agriculture has experienced various economic resets before, circumstances today are different. As an interconnected industry, global as well as domestic factors such as, China or the U.S. election will bear direct impact on agriculture and future profits....More
Conventional (non-GMO) seed planting is on the rise, even as grain price premiums fade away. Tight margins and profit-making opportunities are driving the trend. Scott Apple started his transition to conventional corn when commodity prices were still at an all-time high, and he didn't do it to capture premiums....More
As we end 2015, many farmers are focusing on cash flow strategies for 2016, wondering what the future holds for land values, cash rental rates, and 2015 ARC-CO payment prospects, as well as being concerned how various ag policy issues may play out in a Presidential election year....More
Profitable weed management is all about when you control weeds, says Paul Johnson, South Dakota State University Extension weed scientist. A total POST program is risky — even if glyphosate is working well in your fields — because unfavorable weather often prevents timely herbicide applications....More
Faced with wet or windy weather and heavy workloads, farmers want to know how much it will cost to delay weed control. The answer: plenty — even if you don’t have glyphosate-resistant weeds in your fields.
Low prices, weed resistance, environmental concerns and more are giving farmers the opportunity to think different about they way they farm. Stories this year offered insight and tips to thinking different about herbicides, data, planting, nitrogen application and more.
Undoubtedly, the 21st century’s first 15 years were laden with change, challenges, and opportunities. Sound management and financial practices offer a large piece of the profits to those that embrace and execute their strategies....More
This is the second of a two-part article highlighting what happened agriculturally in 2015. Last week’s article provided a review of 2015 crop production and weather conditions. This week we will focus on some highlights regarding input costs, grain prices and the avian flu virus outbreak in 2015....More