Farm Business - General
“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.
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.
Researchers found a significant relationship between capital costs and farmer-held inventory.
Welcome to a $9 million orgy of crop insurance fraud by an unassuming farm couple.
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.
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.
Sam Ross plants much more than corn, soybeans and cotton. His goal is to sow, grow and cultivate an operation that supports his team, family and community.
Whether she’s meeting with potential buyers in China, weighing a new crop option or sitting at a table surrounded by her family council, Becky Meeuwsen Berger knows tough times don’t define you – they propel you.
For Kristjan Hebert, farming is an ongoing puzzle of challenges and solutions.
Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.
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.
The Last Acre Act would help expand high-speed internet access across eligible farmland, ranchland and farm sites. At least 15% of farms and ranches have no access to the internet today.
“Most of the sustainability efforts have been focused on the farmers. But with opportunities such as the Section 45z tax credits, we believe we can support the “messy middle” of the supply chain,” says Brant Flint.
At 22 years old, Emma decided the college life wasn’t for her. She dropped out and decided to become a farmhand. With each adventure comes lessons she shares on her “Ag With Emma” social media accounts.
Though inflation is currently high, Indiana ag lender Joe Kessie doesn’t expect a repeat of what he experienced in his early career for three main reasons.
For the latest list—based on 2022 data—47 of the 100 cooperatives are in agriculture. In all, 59% of the $319 billion in generated revenues of co-operatives are from those ag-focused co-ops: $187.6 billion.
Farmers are opting to tap into their savings from recent prosperous years instead of taking out loans at the highest interest rates since 2007, according to surveys conducted by regional Federal Reserve banks.
“I’m announcing that Syngenta, a Chinese state-owned agrichemical company, must give up its land holdings in Arkansas,” emphasized Arkansas Gov. Sarah Huckabee Sanders.
Work by the House or Senate Agriculture Committee on a new farm bill is essentially stalled, Randy Russell tells AgriTalk’s Chip Flory. Russell says that could be the case until government funding issues are resolved.
The results of the Realtors Land Institute - Iowa Chapter’s September Land Trends and Values Survey show a decline in the rate of land value increase.
If Congress doesn’t pass stopgap funding, crop production and progress reports will probably stall. That won’t bode well for markets. “Usually it means that we’ve got some selling pressure ahead,” says one analyst.
Fractal pairs farmers wanting to expand their operations with hands-off investors who recognize the value of farmland.
Rural areas are slowly gaining access to decent broadband speeds, and small towns are adding fiber-optic lines. However, the decline of the population in areas with fewer than 10,000 people is not improving much.
A fierce competition is unfolding in the American soybean market, with Corteva, a spin-off of DowDuPont, gaining ground against industry leader Bayer.
As extreme weather events affect the profitability of agriculture, here are four areas to bring focus to the ripple effect.
While ag loan balances are up, they remain in good shape with delinquency levels low.
USDA forecasts net farm income will decline $41.7 billion (22.8%) from last year’s record to $141.3 billion in 2023, though that’s up from its February outlook of $136.9 billion.
The Growers app provides increased efficiency for farmers and empowers retailers to serve farmers in a modern, digitally enabled way.
Positive feedback is 1200x more effective than ignoring problems.
Farm Rescue’s mission is to help farmers and ranchers who have had a major illness, injury or natural disaster by providing equipment and volunteer labor – free of charge – to perform time-sensitive services.