In a press conference Monday, May 23, Bayer went public with their private acquisition proposal that was presented to Monsanto executives in St. Louis on May 10. The offer, to create a global leader in the agriculture industry, is an all-cash deal of $122 per share, valuing Monsanto at $62 billion....More
Clete, a diversified farming and cattle operation, uses Granular farm management software to track inputs, farm tasks and inventories. Data can be uploaded via the mobile app to ensure it's uploaded at the right time and with the right information, every time....More
Unfortunately, human interaction is often an overlooked skill. Whether it is a farmer, rancher, lender, supplier or agribusiness professional, the art of one-on-one interactions can be a competitive advantage....More
Now that interest rates have increased, many producers want to know whether they should fix interest rates on their loans or continue on with a variable rate. Here are five considerations when making that choice for your farm loan....More
The best approach to a retirement decision starts personally and requires examination of several factors. A plan that is thoughtful and thorough in considering goals, health, expenses and income is a good start in the right direction....More
Road Warrior David Kohl answers your questions about the lending landscape, farm transition, land values and return on investment, offering this advice: Even with suppressed prices and volatile markets, experience mixed with a good manager can help an agricultural business successfully compete in today’s economic environment....More
We begin this snapshot of the 1970s – the fourth decade of Soybean Digest – by examining back issues from November 1974 through October 1975. Agriculture and farm life in the 1970s saw huge change, prosperity, inflation, loss of price supports, rising land rates – all leading into the farm crisis of the late-1970s into the 1980s.
When David Carter had an opportunity to use new software that addresses the dollars and cents implications of soil conservation practices on his farm near Randolph, Iowa, he jumped at the chance....More
On March 31, 2016, USDA released the Prospective Plantings Report, as well as the Quarterly Grain Stocks Report. These were very highly anticipated reports, due to the uncertainty in grain prices in recent months, the potential for increases in U.S. corn and soybean acreage in 2016, and the potential for even larger increases in USDA estimated grain stocks in the coming year....More
U.S. farmers reacted to global markets in making a major shift by intending to plant more acres in corn this year than last, a situation that could add to abundant supplies and result in lower prices for producers, Purdue University agricultural economist Chris Hurt says....More
David Kohl recently participated in town hall meetings with farmers, lenders, agribusiness people and students. The majority have 3 major concerns about American agriculture, including: health care, regulations and crop insurance....More
“A lot of conservation practices — once you get them working well — turn out to be an economic advantage, so you make more money,” says Brian Parkinson, a corn and soybean grower from Reynolds, Ill....More
Precision ag’s history has been about applying existing knowledge variably within diverse landscapes. The future will be about using spatial data to create new complex agronomic knowledge that can be used in the most site-specific applications possible....More
Challenging times require bold steps to drive revenue and positively impact the bottom line. Farmers from California to Iowa to Virginia are checking out new ideas, such as an equipment sharing platform, to help them thrive, not just survive, during these tough times....More
Farmers need to get serious and truly appreciate how much family living expenses can impact the profitability of a farm business. The numbers tell us that family living cost and taxes are two areas in which to capture significant savings....More
Nebraskans Angela and Kerry Knuth are streamlining their operation by: Using a new scenario-analysis tool to evaluate cropping options; saving costs with variable-rate prescriptions that reduce phosphorus on high-testing soils; testing a plan to rent out fields planted in cover crops for cattle grazing....More
Recently, a Kansas producer of the Baby Boomer generation asked me, “Hey Doc! When will economics stabilize?” Well, it is certainly understandable for producers to seek some sense of economic normalcy in these days of economic reset. My response, however, may not deliver the comfort for which this producer was hoping, but it is definitely not all bad news. ...More
Commodity Classic is always one of my favorite events. There is so much information to take in; it's a bit overwhelming. We've pared down what we've learned so far while in New Orleans, and are sharing some of the best things we've learned, from weed resistance issues and agvocating to a money-back guarantee on prescription services.
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
This is a starting point in the cost-cutting process, as suggested by producers. Granted, this is a tough process that requires time, examination and inevitably, some hard choices. However, developing a strategy to cut costs strengthens both short-term and long-term sustainability....More
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.