Cash rents on professionally managed farmland likely will decrease for the 2016 cropping year. Rents on non-professionally managed farmland likely will decrease as well. However, projected rent decreases are not large enough to cause farmers to have positive returns in 2016....More
First, one must consider the producer’s goals; business, family and personal. Next, look at the current business position. If the business is near the stage of exit perhaps the financial losses and negative margins are not a good use of the excess working capital....More
The warm late growing season this year has pushed the 2015 corn and soybean crop very rapidly toward maturity. Soybean harvest has begun on some earlier maturing varieties in many areas. Some early corn hybrids have also reached physiological maturity and will likely be ready to harvest very soon....More
In the 5 ag stories to read this week, get some tips for successful weed control and learn about a new corn disease. Read about a Taiwanese commitment to purchase U.S. corn and soybeans and get tips for adjusting your combine for soybean harvest. Finally, enjoy a very sharable video about the actual amount of herbicide used per application per acre.
With corn supplies for the 2015-16 marketing year less burdensome than projected earlier, there will likely be opportunities for price rallies over the next several months. Producers in many parts of the Corn Belt will likely see opportunities to forward price stored corn for late winter/early spring delivery above $4.00....More
Many farm operators in the Upper Midwest are anticipating significant county-based Ag Risk Coverage (ARC-CO) farm program payments on corn for the 2014 crop year. Some producers are also likely to receive a fairly substantial ARC-CO payment for soybeans for the 2014 marketing year. It was recently revealed that the likely 2014 ARC-CO farm program payments, and any other farm program payments, are likely be subject to Federal government sequestration provisions....More
This is my list of the worst top 10 management practices. There are most certainly other aspects and components that are very important for businesses, but this list demonstrates that discipline is required for success. Even the mundane, seemingly boring tasks and details can be extremely important....More
Corn production is forecast at 13.6 billion bushels, down 4% from last year's record production and down less than 1% from the August forecast. Soybean production is forecast at 3.94 billion bushels, up slightly from August but down 1% from last year....More
In the 5 ag stories to read this week, get tips for calibrating your yield monitor and help identifying different stalk rots in your corn fields. Learn about a possible reduction in ARC payments and read some questions and answers about cutting $100/acre in 2016. Finally, enjoy a harvest-time parody from Peterson Farm Bros.
Harvest is starting, and we want you to get the most out of your corn and soybean fields this fall. Here are our best stories, tips and ideas for optimal corn and soybean harvesting, as well as ideas for after harvest, including grain bag use, cover crops and storage tips.
Corn has rallied a bit this week ahead of what some inside the trade are thinking could be bullish adjustments by the USDA. Technically I still see heavy resistance up in the $3.85 to $4.05 range and believe it will be tough for corn prices to stay above this area until more harvest details become available...More
Most crop experts are now agreeing that Minnesota may be the “sweet spot” for 2015 crop yields, especially for corn yields. In the last USDA Crop Report on August 12, the Minnesota corn yield was projected at a record level of 184 bushels per acre....More
In the 5 ag stories to read this week, check for herbicide resistance in pigweed and get scouting advice. Benchmark your labor efficiency and learn about taking unprofitable land out of your farmed acres. Finally, enjoy a list of reasons why you know you're a farmer.
To avoid losses on 2016 corn and soybeans, ag economist Gary Schnitkey, University of Illinois, recommends growers cut $100 per acre. This suggestion has garnered some questions, and Schnitkey has some answers....More
Demand is good, but supply is even better. We are scanning the horizon for the supply shock that will upset the balance and send prices higher. We are not there yet. Until we get there, you might do better with more realistic price expectations and a commitment to selling rallies....More
It appears highly likely that many crop producers in Minnesota and northern Iowa who are enrolled in the county yield-based Ag Risk Coverage (ARC-CO) farm program choice on their corn base acres will earn a significant farm program payment for the 2014 crop year....More
Corn continues to trade inside a tight 10¢ range. U.S. exporters were happy to see better than expected weekly corn sales, but there is still talk of traditional buyers like South Korea going to Brazil for supply....More
In the 5 ag stories to read this week, check out some pros and cons to alternative grain storage and read research showing that yield forecast models are accurate. See the variations in farm program payments across high-production states and get tips for calibrating your yield monitor this fall. Finally, enjoy a cool website that features games for the classroom that center on agriculture and farming.
Rain soaked much of the Upper Midwest, providing a generally favorable boost in soil moisture for corn and soybeans in areas where little rain had fallen during the first half of August. Scattered showers dotted the remainder of the Corn Belt, accompanied by a turn toward cooler weather.
While most of the corn crop looks good, Extension experts in Nebraska are beginning to see early evidence of problems developing, in particular, stalk and ear rot diseases. Farmers should watch for early symptoms and consider monitoring high-risk corn fields for stalk and ear rot diseases as harvest approaches....More
The millennial generation of producers will set new trends, use more advanced technology and take the agriculture industry into the future. Now is the time to mentor these young leaders and give them the tools they need to succeed professionally and individually....More
Farm operators are facing one more important deadline for the ARC/PLC Farm Program for the 2014 and 2015 crop years. They need to enroll in the farm program for 2014 and 2015 at their local Farm Service Agency (FSA) office by Sept. 30, 2015, in order to be eligible for farm program payments for those two years....More
According to University of Illinois agricultural economist Darrel Good, recent corn price weakness is not coming from the supply side. Concerns about demand may stem from two sources: exports short of USDA projection and economic weakness....More
In the 5 ag stories to read this week, watch a webinar covering the benefits, and the possibilities, of cover crops and get information about treating post-pollination corn aphids. See the latest USDA report about computer and internet usage on the farm and learn how to track payback on variable rate application. Finally, learn about a WWE wrestler who also farms.