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Meanwhile, cattle and hog futures surged to new contract highs this week.
Shifts in expected rainfall could reduce growth of prairie grass
By partnering with Planet, an aerospace and data analytics company, Farmers Edge will offer satellite images more frequently—every one to three days. Planet says they have the highest number of available satellites, which means even with potential cloud cover farmers should still receive images frequently and at a high enough resolution to identify potential issues. Farmers Edge will combine the satellite images with analytics software to assist farmers during the growing season.
Three farm operators share their experiences working with preceding generations on career advancement.
As we close out the 2017 fiscal year and finalize our decisions, it’s time to get to work planning for success, survival or both in 2018.
The average value for U.S. pastureland rose 1.5% this year to $1,350 per acre, according to the U.S. Department of Agriculture (USDA) 2017 Land Values Summary reported in August. The new value reflects an increase of $20 per acre from 2016 and a record high since the USDA began keeping records. By comparison, the average acre of cropland is worth $4,090, a level unchanged from 2016 and the third highest on record.
If you’re looking at various energy options as an alternative to electricity, consider the time might be right to use solar panels to power your farm. A six-part webinar series later this month will help you evaluate Photovoltaic (PV) panels and whether they could be a good fit. The panels “convert sunlight into electricity and are installed on a roof or placed on the ground,” according to Extension
Hurt says in order to look forward, agriculture needs to take a hard look at the past. That includes the 1970s and 1980s, as that was the last major boom and bust cycle in agriculture.