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
Overall, seed costs have increased on a per acre basis, on a per bushel produced basis, and on a percent of corn revenue basis. As the need to reduce non-land costs continues, seed costs is one area requiring examination. Moreover, seed cost control becomes more important as the percent of corn revenue devoted to seed increases....More
In the 5 agriculture stories to read this week, read about the pros and cons to different tillage methods and get some insight into data management. Learn about the possibilities to use corn stover as a cellulosic ethanol source and find out how to access hybrid yield results from farmers across the country. Finally, check out a new Facebook page and Go Fund Me campaign, Farm Toys for Tots.
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
Corn bears are pointing to what appears to be a mild forecasts for the U.S. winter. On the other hand, the bulls are talking about how lack of snowfall and moisture this winter could perhaps leave several key growing regions begging for water into early-spring planting....More
With the installation of an 18-acre pond in mid-December 2014, eastern Iowa grower Jim Sladek married the pattern drainage and irrigation. By April 1, the pond was full, ready and waiting for use by center pivots. Ninety-five percent of its water came from drain tile....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
In most instances, when USDA projects a large crop for a given year, it usually gets even bigger as the crop is being harvested. This was certainly the case with the recently released Nov. 10 USDA Crop Report, which featured major increases in the expected 2015 U.S. corn and soybean production for 2015....More
In the 5 ag stories to read this week, learn about new pesticide rules and get info on the 2016 Commodity Classic. See some global benchmarks for corn production and hear from a farmer who went from plowing to no-tilling, and shares the benefits. Finally enjoy a little education on watersheds from the Environmentally Friendly Robot.
Without a major weather story out of South America or some type of unforeseen bullish geopolitical event, I suspect the bears will simply remain up to bat and the cycle of lower-highs and lower-lows will continue....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
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
Similar to the pattern of last year, potential for price strength is possible again during the 2016 planting and growing season in the U.S. The ultimate demise of the current very strong El Niño weather event may bring more than normal crop weather risk in the summer of 2016....More
This fall, as Steve Pitstick scans his combine’s windshield and yield monitor assessing performance of his Illinois farm, he also keeps an eye on his tablet computer as it displays harvest data from thousands of farms and millions of acres across the Corn Belt....More
In the 5 ag stories to read this week, get some tips for using grain bags for storage and check out a new weed ID guide. Find out some price projections and get tips for weed management in 2016. Finally, enjoy the farmer wave.
In case you missed it: Here are our most-read stories from October 2015. From tillage's impact on soil health to new equipment, soil fertility management to dropping high-priced land leases, these stories appealed to farmers for their tips, insight and information.
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
As the 2015 corn and soybean harvest season is wrapping up, some producers have wondered if there will be any 2015 crop insurance payments, given the decline in crop prices. However, most crop producers in the Upper Midwest had above average yields in 2015, and crop prices have not dropped as dramatically, which will make 2015 crop insurance payments less likely....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.
Weeds in corn and soybean fields are practically a certainty. No matter how much time, how many resources farmers used on weed control in 2015, it's more than likely weed issues will happen again next year. Here are some considerations from experts at University of Illinois for weed management in 2016....More
Corn prices were around $3.80 per bushel in mid-August, in mid-September and again in October. There's just not a lot of momentum on either side. From now to year-end it'll be hard to breakout of the $3.50-4.10 range....More
Low commodity prices and high yields this harvest season point to farmers storing larger quantities of grain for a longer period of time. However, capitalizing on the opportunity for higher, future commodity prices requires proper management to protect grain quality, according to Gary Woodruff, conditioning applications manager with GSI....More
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
In the 5 ag stories to read this week, take in some online agronomy classes and get new tips for phosphorus application. Read about the latest rules for drone use and get out to sample for SCN. Finally, take some time to set Subway straight and share some reliable farm information about antibiotic use in livestock.