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In theory, adding a value-added enterprise sounds like the perfect reaction to fluctuating commodity prices.

The grain markets are playing a familiar tune—a song of higher prices. “We are truly in uncharted waters,” says Jerry Gulke, president of the Gulke Group. “There are so many things in motion.”

All eyes will be on USDA’s planting numbers on Thursday, March 31. Will acres swing hard to corn, soybeans or be split down the middle?

What should you know ahead of USDA’s March 31 reports? Read through our team’s comprehensive coverage.

A friendly WASDE report, combined with other factors, helped grain prices jump. This put added pressure on the spring acreage mix.

Inflation is exceptionally difficult to tame, says Chip Flory, Farm Journal Economist and “AgriTalk” Host: “To tame it, you have to kill it. If you kill it, you kill the economy, and it sends you into recession.”

The Federal Open Market Committee’s (FOMC) inflation target is 2%. Yet in February the rate, which is the measure of general price trends throughout the economy, was 6.4%.

To ensure a smooth planting season your team needs to be firing on all cylinders. They also need to be rested and excited for the task at hand.

Need a good conversation to fill some tractor or road time this spring? Listen to “The Farm CPA Podcast” with Paul Neiffer.

The power of encouragement on your farm is massive, says Bob Milligan, senior consultant at Dairy Strategies.