Farm Business - General
Be ready for a big profit swing for 2023 — to the downside. The 2023 Illinois Crop Budgets released by the University of Illinois show a clear trend of higher costs and lower returns.
Brendan and Elaine Martin are building their dream farm — one piece at a time.
For a fifth straight month, the rural economy has posted signs of trouble. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
The 2023 Executive Women in Agriculture Trailblazer Award will be given to a female producer who is a shining example for her peers.
Sarah Frey started a simple produce delivery route that has evolved into a fresh fruit and vegetable operation that distributes products nationally.
“Most farms don’t have the time, capabilities, perspectives, resources or desire to do all the tasks it takes to run an operation,” says Steve Kluemper, AgriStrategies LLC founder. “A lot of growers hire to fill gaps.”
In just a few years the farm financial pendulum swung from shaky to stable, according to the 2022 Agricultural Lender Survey report by the American Bankers Association and Farmer Mac.
“You can begin at any point in the year, but the power of this is that by improving yourself first, others follow,” says Mark Faust, president of Echelon Management.
Consumer preferences can totter between fads and trends. For farmers to capitalize on consumer demands, they must be able to sort out which market opportunities to pursue, says Rob Dongoski with Ernst & Young.
Idaho operation builds niche business to complement core crops.
“Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate,” says American investor Warren Buffett.
Economic growth is stalling in rural America. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
Agricultural lending by U.S. farm banks increased 8.1% in 2022 to $103.1 billion, according to the American Bankers Association’s annual Farm Bank Performance Report.
In farming and in life, success can be defined in endless ways. Five farmers share their perspective.
Follow this strategy to reduce turnover and increase morale on your farm team.
Rich Redmond has created a no-nonsense system to supercharge your personal and professional life, whether you are a farmer or the drummer for Jason Aldean.
The food system is being reimagined today and farmers can benefit by thinking about how to improve their ability to take advantage of opportunities in the process, says Rob Dongoski with Ernst and Young.
Scale tickets from elevators could soon be a document of the past. In the future, your grain could have all its characteristics filed digitally and accessed via a QR code as it moves through the supply chain.
Rebound in labor force participation a bright spot for businesses and a key to economic recovery
Meanwhile, service prices and the core index (which excludes food and energy) remain high, with the core CPI descending to 4.8%.
Osage, Iowa was able to raise enough money, without raising taxes, to build the Cedar River Complex, which features an indoor pool, fitness center, walking track, basketball courts, 600 seat theatre, museum and more.
With all the talk about artificial intelligence, there’s a new debate: is AI actually real or just a combination of Siri and other search databases? John Phipps addresses a U.S. Farm Report viewer’s skepticism.
Wednesday’s interest rate decision broke a streak of 10 straight meetings where the Fed announced higher rates. Officials say another half-a-percentage-point hike is likely yet this year.
The Inflation Reduction Act is the most significant climate legislation ever enacted. The package includes more than $19 billion to support USDA conservation programs, but the money won’t last forever.
The latest Ag Economy Barometer shows farmer sentiment has soured as crop prices have tumbled over the past month, but it’s not all gloom and doom. Strong working capital can help address the downturn in farm country.
Plenty of farmers started young, worked hard and found a path forward. Along the way, they learned from mistakes and celebrated successes. Farming is hard, but here’s why those who have taken the road say it’s worth it.
This comes amid word that Ukraine’s ag output is expected to decline by 36% this year, compared to 2021.
National enrollment in ag and related science majors at two-year institutions grew 41% in Fall 2021. The Community College Ag Advancement Act aims to give these students more industry opportunities.
Despite the positive sentiment, local community bankers report concerns about lower commodity prices, the ‘big bank mess’ and another potential rate hike in June by the Fed.
According to a person familiar with the matter, there is no certainty Viterra will be able to reach an agreement on the terms of a deal.