Latest News From Farm Business - General

Who Is The Driving Force Buying Farmland?
Who Is The Driving Force Buying Farmland?

David Muth of Peoples Company Capital Markets, the Investment platform for Peoples Company, shares how institutional investors have reacted to higher interest rates on their land investments pursuits.

How Many Interest Rate Cuts Will We See in 2024?
How Many Interest Rate Cuts Will We See in 2024?

Dr. Vince Malanga shares insights on the U.S. economic outlook, and what areas demand the most attention.

Crop Progress Update: Planters Pick Up Steam Across Most States
Crop Progress Update: Planters Pick Up Steam Across Most States

Corn planting is now 2% ahead of the five year national average, while soybeans are currently 4% ahead, according to the April 22, 2024, USDA Crop Progress report.

New CoBank Report says Federal Reserve is on the 'Horns of a Dilemma’
New CoBank Report says Federal Reserve is on the 'Horns of a Dilemma’

Unrelenting inflation continues to weigh down the U.S. economy and agriculture. Still, CoBank says it believes the Fed will stick with its decision to cut interest rates three times in 2024.

Will We See a Hard Fall or Soft Landing? It's the Million Dollar Question for the Farm Economy This Year
Will We See a Hard Fall or Soft Landing? It's the Million Dollar Question for the Farm Economy This Year

The Ag Economists’ Monthly Monitor is a gauge of economists’ views on the ag economy. While outlooks have grown weaker, it’s the erosion in the future outlook that is sprouting fresh concerns.

Farmers Express Optimism In Purdue's Latest Ag Economy Barometer
Farmers Express Optimism In Purdue's Latest Ag Economy Barometer

Purdue's Ag Economy Barometer Index is up for March - something Jim Mintert says is a result of increased farmer optimism for the future.

Open Season: Taxidermist and Deer Processor Defeats Government Intrusion
Open Season: Taxidermist and Deer Processor Defeats Government Intrusion

Jeremy Bennett was prosecuted for denying the state entry to his private business.

Think Inside The Box To Solve Problems On The Farm
Think Inside The Box To Solve Problems On The Farm

Kyle Scheele shares six ways constraints can be a good thing to your operation.

5 Ways To Balance Debt During Your Operation's Transition
5 Ways To Balance Debt During Your Operation's Transition

Shay Foulk shares tips to help balance equipment debt, transition and economic downturn.

Will The Collapse Of The Baltimore Key Bridge Impact Agriculture?
Will The Collapse Of The Baltimore Key Bridge Impact Agriculture?

Mike Steenhoek, executive director at the Soy Transportation Coalition, shares what the collapse could mean for the supply chain.

Adapt To Change On Your Operation With An Explorer's Spirit
Adapt To Change On Your Operation With An Explorer's Spirit

Vanessa O'Brien shares the similar traits held by both farmers and explorers: courage, endurance, resilience and dedication.

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Low-Interest Rate for High Yields
Low-Interest Rate for High Yields

Rising interest rates in the past few years have squeezed their margins for error. Higher operational costs, volatile markets and even more volatile weather make doing the Biggest Job on Earth harder than ever. 

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What You Need To Know About Charitable Remainder Trusts
What You Need To Know About Charitable Remainder Trusts

Farm attorney Matt Folz shares the pros and cons of creating a charitable remainder trust.

Four Things To Tell Farmers Just Starting Out
Four Things To Tell Farmers Just Starting Out

What would you tell someone launching their farming career today? A panel of Illinois farmers recently shared some of their successes and setbacks along with a handful of recommendations for young or new farmers.

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).

Why Having A Financial Plan Is More Important Now
Why Having A Financial Plan Is More Important Now

Industry experts share what to include in a financial plan and where they'd consider making room in the budget.

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.

Start Here When Building A Farm Shop
Start Here When Building A Farm Shop

The first steps when building a farm shop are site selection and site preparation. Here are the necessary considerations, a few of which are sometimes overlooked.

‘Green Book’ Proposals Could Mean Substantial Tax Increases
‘Green Book’ Proposals Could Mean Substantial Tax Increases

Paul Neiffer, The Farm CPA, details some of the Biden administration's 2025 budget plans and how they could affect farmers if approved. Of the provisions, only one would potentially help farmers, he says.

Feeling Economic Pressure? Technology Can Help Lessen the Blow
Feeling Economic Pressure? Technology Can Help Lessen the Blow

“It’s in these challenging markets farmers need to think about driving more efficiency using technology,” says Darryl Matthews, a recently retired tech executive. Certain technologies can provide a short-term ROI.

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.

Are Used Combine Values On the Decline?
Are Used Combine Values On the Decline?

When comparing 2023 to 2022, the average auction price for a John Deere S780 combine dropped $54,977, or 15.8%. How low will that number go?

Are You Covered? How To Reduce Your Operation’s Insurance Risk
Are You Covered? How To Reduce Your Operation’s Insurance Risk

Kevin Charleston, owner of Specialty Risk Insurance, shares a few ways to protect yourself and your operation against a gap in coverage.

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.

USDA Painted a Very Bearish Picture for Grain Prices This Week, Here's One Thing That Could Cause Prices to Rally
USDA Painted a Very Bearish Picture for Grain Prices This Week, Here's One Thing That Could Cause Prices to Rally

USDA's Ag Outlook Forum in Washington, D.C., this past week confirmed growing stocks in 2024/2025. Analysts say without a sudden supply disruption, the commodity price outlook remains grim.

Paul Neiffer
IRS Shares Warning on 7 Signs of Employee Retention Credit Mistakes

The IRS issued an alert warning taxpayers about the most common mistakes taxpayers make in regards to Employee Retention Credit claims. Make sure none of these mistakes apply to you.

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.

Watch the 2024 Top Producer Awards Banquet
Watch the 2024 Top Producer Awards Banquet

If you weren't able to attend Top Producer Summit in Kansas City, you can still watch the awards banquet.

2024 Top Producer Women In Ag Award: Demand Creation Is Not A Spectator Sport
2024 Top Producer Women In Ag Award: Demand Creation Is Not A Spectator Sport

As a sixth generation Iowa farmer, Pam Johnson has been sharing agriculture’s food, fiber and fuel stories her entire life.

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.

2024 ASA Conservation Legacy Awards

The annual American Soybean Association (ASA) Conservation Legacy Award Program announces its four regional winners for the 2024 Awards.

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. 

How to Pinpoint Farm Management Issues
How to Pinpoint Farm Management Issues

Consultant Bruce Vande Steeg has found creating a vibrant farm business starts with the leadership.

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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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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.

Consider This for Your Equipment Plan
Consider This for Your Equipment Plan

Machinery Pete shares a unique combine recently listed for sale and what it means for your farm’s equipment plan going forward.

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.