With this list of potential reductions, including land rent, capital expenses labor and other costs, hopefully our producer focus groups provided some ideas on which you will expand. An economic reset offers the opportunity to re-evaluate and improve your operation both for short-term and long-term sustainability....More
The 1960s saw a doubling of soybean acres from the previous decade (4.3 million acres versus 2.2 million) and average yields moved higher by 5 bushels (28.8 versus 23.5). Chemical control of weeds was probably the most important technical advance.
Low prices continue to impact farmers across the Corn Belt. In order to break even, many farmers are looking at cutting costs. Here are some of our best tips and ideas for cutting costs on the farm, from specific ideas, to fertility management to analyzing data.
In the 5 ag stories to read this week, brush up on Anthracnose management and get tips for keeping your stored grain in good condition as temps fluctuate. Read the latest profit projections and some considerations when choosing crop insurance. Finally, enjoy a list of things that irritate farmers.
In 2015, Chad Hornsby planted about 300 acres to soybeans with the now off-patent Roundup Ready trait, known as RR1. "I can use the money I save on seed to help fight pigweed," says Hornsby, who could have saved seed and replanted it this spring, but didn't. "I'll buy new certified seed again this year."...More
I believe that your data is the only place to look to make cost-cutting decisions. These examples about which farms to farm, necessary traits and fertilizer application use data to help farmers make choices on which expense to cut on the farm....More
As a globally interconnected industry, those in agriculture must continue to watch economic factors like manufacturing, oil, grain supply, land sales, taxes, employment and others. The economic reset is established, but outside factors will always bear some influence....More
Due to the current tight margins in crop production for the 2016 crop year, some farmers are contemplating reducing crop insurance coverage to save on premium costs. While there may be a small savings in the premium costs per acre, that decision could add considerable risk to the farm operation for the coming year....More
Do you have corn or soybeans in storage? Join the crowd – it seems that everybody has grain in storage. And everybody is waiting for the same thing; a market rally that will reward patience with a better corn and soybean prices....More
In the 5 agriculture stories to read this week, use an online calculator to help determine profitable delivery options and read the latest on farm incomes and land values. Keep an eye out for the USDA planting intention survey and use your phone to scout crops. Finally, enjoy a cow heart for Valentine's Day!
The herbicide package used on all Enlist crops, called Enlist Duo, is a new formulation containing glyphosate and a new 2,4-D choline with Colex-D drift reduction technology. “We feel it is important to get this technology into the hands of farmers despite some current foreign import approval limitations," says Ryan Keller, Enlist field specialist....More
March 15 is the deadline to purchase crop insurance for the 2016 crop year. Profit margins for crop production this year are the tightest they have been for several years, which makes the 2016 crop insurance decisions even more critical....More
The decision to let land go or hold off on a needed purchase is never easy, but a clear view of the bottom line and everything that gets you there can help. Using risk-management, profitability and planning software tool GrainBridge, a Missouri farm has improved its overall business view....More
The projected cash corn price for the 2015 crop, which is now in storage, is expected to remain at fairly modest levels until next summer, and expected prices for the 2016 corn crop are in a similar range. These price projections suggest that farm operators may need to adjust grain marketing plans and risk management strategies for 2016 and beyond....More
In the 5 ag stories to read this week, read about the benefits of SCN-resistant varieties and access a new online crop/climate tool to help preplanting decisions. Learn some strategies for risk management and Palmer amaranth management. Finally, follow us on Twitter.
In late July, Zachary Yoder trudged into tasseling 8-foot tall corn to ground-truth his first-ever smartphone message alerting him that satellite imagery had detected an unusual area in the irrigated field....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
In the 5 ag stories to read this week, see how disease-resistant soybean varieties yielded and check out 2016 at crop insurance premiums vs. 2015. Get some info on the upcoming Commodity Classic, and learn how controlled traffic can benefit your soil. Finally, enjoy a clip of TV show host Steve Harvey talking about growing up on a farm.
Soybean bulls continue to talk about fundamental weather uncertainties in many parts of Brazil and now a few areas inside Argentina. The much larger macro bears continue to point toward weaker currency in comparison to the U.S. dollar....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
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.