Taxes and Finance
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.
The company, with sales of $94 billion last year, will create legally separate entities for the three units, trade union IGBCE said in a statement on Thursday, which was confirmed by a company spokesperson.
Farmers have struggled with the same business and family problem essentially forever: what happens to the farm when parents die. The conflict between fairness and equality has never been truly resolved.
Following a few turbulent years that included a pandemic, rapid inflation, rising interest rates, a supply chain meltdown and high input costs, agriculture is hoping to find softer soil as it marches through mid-decade.
This fall, Farm Journal’s Chip Flory and Michelle Rook traveled to the Port of Grays Harbor in Washington and the Port of South Louisiana. Here’s what they learned about two very different ports with two important jobs.
After two months of a waning outlook on the ag economy, economists views took a turn in the November Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the country.
Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.
As growers finish their harvests, they’re already looking forward to next year — seeking ways to increase yields and decrease expenses. By partnering with BASF Agricultural Solutions, they can achieve both goals.
Regardless of preferences or past assumptions on storage, Shay Foulk encourages growers to run the numbers to see if new or more storage makes sense in their operations.
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.
Political unrest, a healthy ag economy and the start of an election year. These are all reasons economists in the October Ag Economists’ Monthly Monitor think it could 2025 before Congress passes a new farm bill.
Leading financial experts underscore the importance of farmers understanding the do’s and don’ts of a Line of Credit that will help producers during the downside of the rollercoaster markets they have gotten to know.
Knowing your cost of production allows you to make changes — you can’t improve what you don’t measure.
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.
A Bushel online survey found a correlation between marketing satisfaction and understanding and use of cost of production data.
When the IRS audited the Hajda farm, an agent arrived at the property, sat inside the farmhouse kitchen, and pored over the family’s finances.
While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country’s biggest importers will be able to avoid a recession over the next 18 months.
“It’s likely managing a slimmer margin in production agriculture will be closer to the 1980s than the 2010s.”
John Phipps says nobody is forcing Americans to pay for the corporate windfall, but as consumers continue to spend, manufacturers to retailers have no reason to lower prices and profits.
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Ag economists’ view on the ag economy is starting to erode. The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy.
A fierce competition is unfolding in the American soybean market, with Corteva, a spin-off of DowDuPont, gaining ground against industry leader Bayer.
As brent crude futures soar toward $100, it’s creating a new battle in the Federal Reserve’s effort to fight inflation. One money manager warns another rate hike is likely.
Mortgage interest rates just hit a twenty-year high, topping 7%. High borrowing costs will slowly dampen farmer demand for acres as record land prices mean all but a few will have to borrow some to buy.
While ag loan balances are up, they remain in good shape with delinquency levels low.
Even with red flags with demand and the economy, the August Ag Economists’ Monthly Monitor shows economists continue to be impressed with the staying power of the U.S. ag economy, as well as the U.S. economy as a whole.
On July 28, the FDIC announced the closing of four-branch Heartland Tri-State Bank headquartered in the southwest Kansas town of Elkhart.
Three recent headlines from the financial world have farmers asking how those events could affect their lending situation.
On Sept. 1, you have a big deadline. For the first time since the programs were created, you can switch your elections for ARC and PLC. Which should you choose?
Record, analyze and revisit how you evaluate opportunities.