Welcome to the wild world of global economics and politics complete with advanced technologies and constant information! This environment will create havoc and mayhem; but more importantly, opportunities for those who plan, execute and monitor....More
Overall average values of crop ground and grasslands have slipped from the highs of several years ago, but are still historically strong, according to Farmers National Company, the nation’s leading farm and ranch real estate company.
As we look back over the year thus far, agriculture continues to face various challenges in many different areas. From regulations to input costs, and generational transition to strategic business plans, producers must continue to address the important issues, not just the urgent. What will happen in the remaining months of the 2016? Well, only time will tell but as the old adage says, “Hope for the best and plan for the worst.”...More
Corn and soybean prices have increased in the past several months, leading to improved 2016 income prospects. Even given these price increases, working capital is still projected to be negative for rented farmland, leading to a continuing need to cut costs....More
At a recent women’s conference on agriculture, I received several questions about cashing out retirement accounts. One woman's husband suggested cashing it in in order to purchase additional land that would generate higher returns than an investment account. In short, my answer was, “No! No! No!”...More
Arkansas farmer Gregory Baltz uses the Granular farm software mobile app to add financials to the collection of data, helping them really understand their cost of production. With the cropping plan just a click away, farm managers always have access to the data they need to make decisions on a daily basis....More
Check out these advertisements we found when examining back issues from January through December 1985, with brand names like Lasso, Treflan, Bladex, Prowl, Amiben, Counter, Kinze, IH, Steiger, New Idea, Cargill, Pioneer, DeKalb, Jacques, Lynks, Farm Fans and more.
Recently, I traveled outside the borders of the United States and a major question posed by farmers and bureaucrats was whether American farmers are still dependent on government support programs. In order to answer this question, we need to look at the numbers....More
At a value of 97, the May Producer Sentiment Index was nine points lower than in April, bringing it back in line with January (98) and February (96). The index is based on a monthly survey of 400 agricultural producers. Survey responses showed that the shift came from producer feelings about current conditions rather than future expectations....More
Now, I get it that supporting the beautiful Monarch butterfly is important. But when this video crossed my email and I actually clicked on the play arrow, I cringed -- because it actually shows the planting of milkweed, then watering and nurturing the "plants?"...More
Prices, regulations, transition and uncertainty are significant issues for any agricultural operation, regardless of its location. Only time will tell how the United States and Canada will progress through these issues; however, as part of a world that brings surprises with each turn, the global stage will certainly not be boring!...More
In the 5 ag stories to read this week, get some resources for managing resistant weeds and get payment estimates for farmers who used the ARC-CO program for 2015. Learn about members of the public who help test water quality and see photos of nutrient-deficient corn and soybeans. Finally, enjoy some creative bale stacking!
This Mississippi family farm keeps good employees happy by using different ways of communication to keep everyone on the same page. The farm also uses farm management software to track efficiency and labor....More
Based on recent data, there appears to be evidence that a reduction in average land values has been occurring in some regions of the U.S., including the Upper Midwest. Much lower corn and soybean prices in 2014 and 2015 have resulted in significant reductions in farm income levels, thus putting downward pressure on average land values in many areas....More
Is there any hope for reduction of crop input costs including cash rent expense? The short answer is yes. According to data, rent, fertilizer, fuel and drying costs are slowing decreasing, says David Kohl....More
With more farmers incurring negative margins, the "willingness to repay" will be increasingly scrutinized, and could be a challenge. Therefore, a plan B, or perhaps plan C, may be needed to meet commitments on a timely basis....More
In a press conference Monday, May 23, Bayer went public with their private acquisition proposal that was presented to Monsanto executives in St. Louis on May 10. The offer, to create a global leader in the agriculture industry, is an all-cash deal of $122 per share, valuing Monsanto at $62 billion....More
Unfortunately, human interaction is often an overlooked skill. Whether it is a farmer, rancher, lender, supplier or agribusiness professional, the art of one-on-one interactions can be a competitive advantage....More
Now that interest rates have increased, many producers want to know whether they should fix interest rates on their loans or continue on with a variable rate. Here are five considerations when making that choice for your farm loan....More
The best approach to a retirement decision starts personally and requires examination of several factors. A plan that is thoughtful and thorough in considering goals, health, expenses and income is a good start in the right direction....More
Considerable debate surrounds the U.S. crop insurance program, including its cost, role in farm conservation and impact on farm management and farmland values. Experts at the University of Illinois examined the broader considerations that underpin these specific debates.