Latest News From Farm Business - General

Bayer’s New Way Of Doing Business: The Future is Now For Crop Science
Bayer’s New Way Of Doing Business: The Future is Now For Crop Science

After launching an initial “frontrunner” a group in Illinois, Bayer says its Crop Science division is ready to roll out the company’s new operating model, Dynamic Shared Ownership (as it’s known internally, DSO).

Corn and Cocaine: Roger Reaves and the Most Incredible Farm Story Never Told
Corn and Cocaine: Roger Reaves and the Most Incredible Farm Story Never Told

Roger Reaves forged the most astounding farm life of modern times. Row crops to moonshine to marijuana to cocaine, he was the highest paid narco-pilot in history.

The Good, Bad and Ugly When it Comes to the Pork Industry Right Now
The Good, Bad and Ugly When it Comes to the Pork Industry Right Now

U.S. pork exports to Mexico hit the second-highest on record in January, while another major meat processor says it's shutting the doors on another pork processing plant as consolidation concerns continue to grow.

Fallout From Falling Net Farm Income and Stubborn Interest Rates: Ag Economists Reveal What’s Now at Risk in 2024
Fallout From Falling Net Farm Income and Stubborn Interest Rates: Ag Economists Reveal What’s Now at Risk in 2024

The latest Ag Economists’ Monthly Monitor projects a major drop in net farm income this year. Economists are also growing more pessimistic about the potential for interest rate cuts in 2024.

Bayer Says “Not Now” For Division Split Or Sell Off
Bayer Says “Not Now” For Division Split Or Sell Off

“We are a high-impact, mission-driven, life-science company with three strong businesses, but we have four challenges that urgently must be addressed,” said Bill Anderson.

Bayer’s New Business Model: Magnitude of Change
Bayer’s New Business Model: Magnitude of Change

Dynamic Shared Ownership reduces the layers and brings the business management closer to the customer.

How Today's Economy is Shaping the Business-Savvy Farmer
How Today's Economy is Shaping the Business-Savvy Farmer

Alan Hoskins, president of American Farm Mortgage, shares his expectations for the economy and how it changes the buying process.

Top 5 Takeaways From the Latest Census of Agriculture
Top 5 Takeaways From the Latest Census of Agriculture

USDA NASS has released the 2022 Census of Agriculture data, which revealed important information about the current state of agriculture.

3 Factors Drive Downturn: Net Farm Income Forecast to Be Down 25%
3 Factors Drive Downturn: Net Farm Income Forecast to Be Down 25%

“It’s hard to put yourself in growth mode when things are getting so expensive,” says Tanner Ehmke with CoBank.

Sentiment Takes a Dive in Purdue's Latest Ag Economy Barometer
Sentiment Takes a Dive in Purdue's Latest Ag Economy Barometer

The barometer reported its lowest reading since May 2023, falling seven points from December and 24 points from January 2023.

2024 Top Producer of the Year Finalist PJ Haynie: Advocacy And Tenacity
2024 Top Producer of the Year Finalist PJ Haynie: Advocacy And Tenacity

No step is too big for Top Producer finalist, PJ Haynie. Deep family roots are the foundation of his farming legacy. 

Paul Neiffer
A Final $306 Million ERP Payment Will be Paid for 2020 and 2021 Disasters

USDA announced more money to be paid to farmers who had qualifying disasters in 2020 and 2021. These payments will only be paid to farmers who collected payments under Phase 1 not Phase 2.

2024 Top Producer Of The Year Christine Hamilton: Driven For Excellence
2024 Top Producer Of The Year Christine Hamilton: Driven For Excellence

At Christiansen Land and Cattle, they’re committed to excellence and continuous improvement, a mindset that started when Christine Hamilton’s family homesteaded in South Dakota in 1891.

US Justice Department Probing ADM Accounting Practices
US Justice Department Probing ADM Accounting Practices

According to two sources, in recent days the U.S. Attorney's Office for the Southern District of New York has interviewed former ADM employees, ramping up pressure on the global commodities giant.

3 Trends to Watch in the 2024 Land Market
3 Trends to Watch in the 2024 Land Market

Jim Rothermich of Iowa Appraisals shares what he expects from land values in the year ahead.

Two Important Factors For Fertilizer Prices This Spring
Two Important Factors For Fertilizer Prices This Spring

ICIS senior fertilizer editor Mark Milam shares that while the fertilizer market appears to be in good shape at the moment, there are a couple of important trends moving forward this spring.

Make Every Bushel and Penny Count
Make Every Bushel and Penny Count

In early January, Illinois crop budgets were revised for 2024. Farmers are predicted to lose $135 to $160 per acre for corn and $20 to $107 per acre for soybeans. What’s a farmer to do when news is a punch in the gut?

FBN’s Refined Focus: One-On-One With Its Interim CEO
FBN’s Refined Focus: One-On-One With Its Interim CEO

With recent turnover in company leadership, a divestment in its insurance business, and a growing list of partnerships, FBN is re-focusing its business. 

Why Ag Economists Think Net Farm Income Could Fall to Lowest Level in 3 Years
Why Ag Economists Think Net Farm Income Could Fall to Lowest Level in 3 Years

Ag economists’ views on the ag economy took a dive in the first Ag Economists’ Monthly Monitor of 2024; however, relatively strong balance sheets and working capital could provide a cushion for 2024. 

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BASF Supports Cotton Growers with Zero Percent APR*
BASF Supports Cotton Growers with Zero Percent APR*

Cotton growers are tough because they have to be. Cotton is a challenging crop to grow, especially in Southwestern states like Texas, where soaring temperatures meet chronic drought and other water restrictions.

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2023 Farm Manager Of The Year: Ryan Kay
2023 Farm Manager Of The Year: Ryan Kay

Kay credits his success to a team effort and shares his favorite part of being a farm manager is the people he works with each day.

2024 Ag Economy: What's Causing Rural Bankers To Be Pessimistic
2024 Ag Economy: What's Causing Rural Bankers To Be Pessimistic

This month’s Rural Mainstreet Index marks the fifth-straight month where the index has been below the growth neutral mark.

Paul Neiffer
Tax Relief For American Families and Workers Act Passes Out of House Ways & Means Committee

If the act passes, the major item that applies to farmers is that 100% bonus depreciation is allowed on 2023 returns. Therefore, farmers might want to wait to file their return until sometime in February.

ADM Puts CFO On Leave With Ongoing Investigation In Cooperation with SEC
ADM Puts CFO On Leave With Ongoing Investigation In Cooperation with SEC

Vikram Luthar’s leave is pending an ongoing investigation being conducted by outside counsel for ADM and the Board’s Audit Committee.

4 Ways Your Business Might be Green Hushing
4 Ways Your Business Might be Green Hushing

Sarah Beth Aubrey shares why instead of promoting their environmental efforts, some companies opt for a quieter approach, potentially saying nothing at all.

FBN Spins Off Insurance Business
FBN Spins Off Insurance Business

What was once known as FBN Insurance will now be known as Momentum Ag and part of Patriot Growth Services.

Exclusive: Presidential Candidate Nikki Haley Shares Her Vision For The U.S., Agriculture
Exclusive: Presidential Candidate Nikki Haley Shares Her Vision For The U.S., Agriculture

AgriTalk has extended an invitation to all the 2024 presidential hopefuls to join Host Chip Flory and answer five standard questions about what they would focus on once in office.

Trimble Launches Connected Climate Exchange Marketplace
Trimble Launches Connected Climate Exchange Marketplace

By connecting farmers, agronomists, ag retailers and carbon buyers in one marketplace, the Connected Climate Exchange enables participation in carbon markets and sustainability programs, according to a press release.

Ag Economy Sentiment Reflects a Year-End Bump
Ag Economy Sentiment Reflects a Year-End Bump

The latest barometer, which is based on an economic sentiment survey of 400 agricultural producers each month, recorded a reading of 114 – down 1 point compared to a month earlier. 

Be proactive in managing through financial stress
Fraud Alert: Don’t Fall Victim to These Common Schemes

Farmers routinely handle high-dollar transactions — and the nature of the payments, often through unsecure methods, leaves them susceptible to foul play.

Three Midwestern Farm Credit Associations Announce Collaboration
Three Midwestern Farm Credit Associations Announce Collaboration

Combined, the organizations have a reach of over 85,000 producers in eight states.

Iconic Holiday Road Trip Stop Returns to Its Georgia Pecan Farm Roots
Iconic Holiday Road Trip Stop Returns to Its Georgia Pecan Farm Roots

A few decades back, stopping at a Stuckey's during a holiday road trip wasn't uncommon. Today the company is eyeing a business comeback by focusing on its farming roots and leveraging quality Georgia pecans.

Başak Traktör Acquires Buhler Industries along with FarmKing, Versatile Brands
Başak Traktör Acquires Buhler Industries along with FarmKing, Versatile Brands

Buhler Industries and ASKO Holding have announced that Başak Traktör has entered into an agreement to purchase all of the common shares of Buhler Industries owned by Combine Factory Rostselmash Ltd.

Linamar Acquires Broad Acre Seed Outfit Bourgault For $640 Million
Linamar Acquires Broad Acre Seed Outfit Bourgault For $640 Million

Linamar announced that it has reached an agreement to acquire Bourgault Industries Ltd. of Saskatchewan to add to its offerings and advance its position as a short-line agriculture equipment manufacturer.

From a Recession in China to $4 Corn, Here Are 10 Potential Surprises Ag Economists Say Could Impact Agriculture in 2024
From a Recession in China to $4 Corn, Here Are 10 Potential Surprises Ag Economists Say Could Impact Agriculture in 2024

From the election to world trade, as well as geopolitical factors that have the potential to shape agriculture in 2024, the December Ag Economists' Monthly Monitor shows the possibility of several economic surprises.

America’s Premier Farmers and Ranchers to Gather at  2024 Top Producer Summit in Kansas City
America’s Premier Farmers and Ranchers to Gather at 2024 Top Producer Summit in Kansas City

Producers From Arkansas, Iowa and South Dakota Named Finalists for Prestigious Top Producer of the Year Award.

Rabobank: Tighter Margins Globally For Row Crop Farmers in 2024
Rabobank: Tighter Margins Globally For Row Crop Farmers in 2024

The report shares markets are at a crossroads—prices could move in either direction.

The Scoop Podcast: Zombie Weeds And Using All the Tools In The Toolbox
The Scoop Podcast: Zombie Weeds And Using All the Tools In The Toolbox

"The number one thing as I'm talking with people is how are we going to get consistent weed control into 2024,” Tyler Steinkamp says. 

What's Top Of Mind For Ag Lenders Right Now
What's Top Of Mind For Ag Lenders Right Now

Looking at the farm economy as well as lending conditions, over 260 ag lenders ranked their top 12 concerns for what institutions and producers are facing.

7 Top Producers Reflect and Look Ahead
7 Top Producers Reflect and Look Ahead

We asked some of our previous Top Producer of the Year awardees to share a bit about what’s happening on their farming operations — looking at both the past year and out on the horizon.

New Study: Why Farmers Fall Into Two Camps If They Sell Or Store Grain
New Study: Why Farmers Fall Into Two Camps If They Sell Or Store Grain

Researchers found a significant relationship between capital costs and farmer-held inventory.

Fed Eyes Interest-Rate Cuts for 2024 as U.S. Economy Slows
Fed Eyes Interest-Rate Cuts for 2024 as U.S. Economy Slows

Analysts say an initial cut could be made as early as first quarter 2024. One of the key factors the central banking system will consider is whether its inflation rate target of 2% has been achieved.

American Gothic: Farm Couple Nailed in Massive $9M Crop Insurance Fraud
American Gothic: Farm Couple Nailed in Massive $9M Crop Insurance Fraud

Welcome to a $9 million orgy of crop insurance fraud by an unassuming farm couple.

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Innovation For A Bright Future
Innovation For A Bright Future

Helping farmers do the Biggest Job on Earth is Job One for scientists at BASF Agricultural Solutions. Helping to maximize yields and minimize challenges through innovation are vital to that mission.

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Farmer Shocked After Lost iPhone Circles Globe, Returns Home
Farmer Shocked After Lost iPhone Circles Globe, Returns Home

After Kevin Whitney’s iPhone fell into 220,000 bushels of grain, the device made a 20,000-mile roundtrip across the globe before returning to its stunned owner.

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Growing Into Tomorrow
Growing Into Tomorrow

It’s no secret that today’s agriculture industry faces unprecedented challenges, and retailers stand on the front line facing them every day. These challenges span the globe.

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Young Farmer Makes History, Uses Video Games and YouTube to Buy $1.8M Land
Young Farmer Makes History, Uses Video Games and YouTube to Buy $1.8M Land

After a year-long wait, Grant Hilbert and his company, SquadBuilt, released American Farming on Nov. 24, 2023. Here's a look back at his journey to become a gamer, social media influencer and farmer. 

KC Fed: Credit Conditions For Livestock Producers To Improve, Deteriorate For Crop Farmers
KC Fed: Credit Conditions For Livestock Producers To Improve, Deteriorate For Crop Farmers

Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.

Thanksgiving Food Costs Reflect A Healed Supply Chain
Thanksgiving Food Costs Reflect A Healed Supply Chain

A traditional Thanksgiving feast reflects two current trends in food-at-home economics: increased retail food costs vary by category and the supply chain is back to pre-COVID patterns.

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Telling The Sustainability Story
Telling The Sustainability Story

As using sustainable practices becomes an even more essential part of farm business, BASF remains committed to helping the industry achieve its goals and to helping measure and communicate what is already being done.

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