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.
When he decided to take parts of five fields out of corn and soybean production a year ago, Wayne Fredericks was convinced that converting the ground to wildlife habitat was a sound decision for his pocketbook and the environment. A year later, with crop prices even softer, he thinks the reasoning behind the decision is even more compelling....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!
Regardless of crop or livestock prices, the global economic forces of the U.S. strong dollar and weaker demand continue to suppress revenues. Coupled with elevated fixed and variable costs, lower commodity prices and global uncertainty, many producers are pressed to face negative margins or at best, a breakeven point in income....More
There appears to be more interest in the CRP enrollment in 2016, due to the current lower crop prices and reduced farm profitability. FSA will rank all bid offers for the General CRP enrollment on the basis of the Environmental Benefits Index (EBI) to determine which CRP bids are accepted....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
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.
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.
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
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
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
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
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.
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