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Dave Chatterton of Strategic Farm Marketing says USDA provided some positive data for the corn market in the WASDE and could be headed for $5.
USDA’s August report cut corn yields by 2.3 bushels per acre while strong export demand tightened ending stocks, avoiding the bearish surprise traders feared from last year.
From JBS Souderton’s $30 million value-added pivot to Tyson’s Nebraska shutdown, the processing sector is restructuring around high-efficiency plants, heavier carcasses and automated lines.
Increasing numbers of corn and soybean growers are looking for lower-cost inputs to preserve and protect yields.
“COVID slowed down the progression of these decisions,” Brad Oelmann says. “If not for those issues, this would’ve happened already.”
Passing the farm to the next generation takes more than deciding who gets what. The right estate plan can help avoid family conflict, unexpected costs and headaches down the road.