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
In the 5 ag stories to read this week, read some resolutions to help farm finances in 2016, as well as a price outlook for the coming year. Learn about a change in farm program payments and how data can help make your fertilizer more efficient. Finally, enjoy a list of reasons Santa is similar to farmers.
Agronomic practices, fertilizer application, tillage and low prices (and how to deal with them) were just a few hot topics on our website in 2015. Check out these most-read stories; a lot of it will be helpful to know for 2016.
Average Iowa farmland value is now estimated to be $7,633 per acre—having dropped in value for the second consecutive year. Per-acre value declined $310, or 3.9%, since last year’s survey. Farmland values have now fallen almost 13% from the historically high 2013 values....More
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.
Farm operators who have had their 2014 ARC-CO payments negatively affected by the choice of their FSA administrative county have until Feb. 1, 2016, to request FSA to re-calculate their 2014 FSA payments on the basis of the physical location of each FSA farm unit....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
It’s time to party. The best reason for this -- harvest is over (or almost in some cases). Second best reason, at least in our case, is that our brand, Corn+Soybean Digest, is 75 years young this month....More
In agriculture, negative margins and declining asset values place many producers in this same financial mindset. What are some of the key items you need to review in your historical financial information? Approaching your examination from your lender’s perspective will help you be prepared....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
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
When managing a farm business for success and sustainability, all variables must be evaluated including, family living withdrawals and investment patterns both on and off of the farm. Family living withdrawals can make the difference between a successful or vulnerable farm or ranch business. Position your family and business for success!...More