Cost of Production
Use this market rally to lock in profitable margins for this year and future years. That includes managing both the revenue side and the cost side.
Nonconformity is nature in Bill Jones’ triple-cropping world. “This is about ROI, hitting yield averages, and taking care of my soil,” says Jones. “Home runs are fine, but they’re for somebody else to chase.”
Almost all types of fertilizer are trending lower in price. So is now the time to buy?
Last year, farmers who bought nitrogen fertilizer early received lower prices. Will the same pattern play out this year?
Fertilizer prices have softened from the record highs seen earlier this year. Are you ready to buy? Take our poll!
Be ready for a big profit swing for 2023 — to the downside. The 2023 Illinois Crop Budgets released by the University of Illinois show a clear trend of higher costs and lower returns.
Control production costs through mindful input spending this year.
You are about to plant the most expensive crop of your career. But just how much more expensive?
“What I look for as an agent and as a farmer is if I can get close to 2.5 times or more return on coverage versus extra premium,” says Jamie Wasemiller with Gulke Group and Wasemiller Insurance Agency.
Farmers can harvest incredible value by stress testing their business margins, says Chris Barron, a national financial consultant for Ag View Solutions and Iowa farmer.