Cost of Production
When outlining your budgets for the rest of the year, accurately account for costs and decide if you want to spend a little more on soybean acres to boost yields.
Learn how to save labor, fuel and equipment costs with this conservation practice.
Green beans are harvested in June and can be double cropped to green beans again or to soybeans. For Turner, it’s a $100 per acre minimum benefit over corn or soybeans.
In just a couple of years, Nathan Garner will face a one-of-a-kind job interview. His father, along with three other senior farm partners, will ask him questions and decide if he will to help run Heglar Creek Farms.
If you’re putting a pencil to your corn cost of production for 2018, consider the blog that Joe Lauer, University of Wisconsin agronomist, released this morning. Lauer reports that the “cost of production in 2018 is predicted to be $645 per acre. The breakeven price for corn at a yield level of 200 bu/A is $3.23 per bushel, at 180 bu/A is $3.58 per bushel, and at 160 bu/A is $4.03. Today, December corn on the CBOT closed at $3.85 per bushel making the 2018 growing season a challenging one economically.” Lauer references the annual Agricultural Resource Management Survey (ARMS) to develop his snapshot on expected costs of production. The estimates exclude costs for marketing and storage. ARMS collection begins in the fall and then is completed the following spring; the 2017 survey is still underway. Lauer notes that the “cost of corn production in 2016 was $665 per acre in the Heartland region and $587 per acre in the Northern Crescent (Figure 2).”
Advocates: Hemp could again dominate Pennsylvania fields
The conversation surrounding the farmers’ share of the food dollar can spark emotions of unfairness, but John Phipps thinks those type of attitudes are mistaken. He explains why in John’s World.
Advance planning can help prune your cost of production.
Is using the Exchange Traded Fund to avoid grain storage fees a viable option? John Phipps answers a viewer’s question in this week’s Customer Support.
As farms change hands, rural internet access improves and reliable online options increase, virtual shopping for inputs is expected to continue to grow.
Penny pinching could be the difference between making, or losing, money next season.
University of Illinois (U of I) recently released crop budgets for three regions in Illinois based on historical returns and costs to discover dismal profit forecasts for the 2019 season.
John Piotti of American Farmland Trust has dedicated his career to preserving rural farms and the local economies they support in the Northeast, and now he’s taking his message to the rest of the United States.
Being able to variable-rate plant corn by management zone has delivered a 15% reduction in annual seed corn costs.
While commodity prices stay in the dumps, input costs haven’t taken the same nosedive.
Farmers who survived the downturn from more than 30 years ago learned best practices that are applicable to today’s challenges.
Federal scientists have determined that a family of widely used pesticides poses a threat to dozens of endangered and threatened species, including Pacific salmon, Atlantic sturgeon and Puget Sound orcas.
Oregon frozen food company iced out by worker shortage
California bans use of some farming pesticides near schools
Commodity prices have been challenging, but according to recent projections they likely won’t get any worse.
Looking for Clues to Fate of Fertilizer Rally Amid Surplus)
House Republicans on Monday unveiled an $81 billion disaster aid package to help hurricane-ravaged communities and states hit by wildfires.
You might need to jump-start the discussion with non-operator landowners
The Environmental Protection Agency (EPA) acting administrator, Andrew Wheeler, is testifying on biofuel during his first hearing as EPA’s top post.
The Corteva Agriscience unit is reviewing its portfolio of seeds and pesticides. The company may sell some “tangential” crop seeds to focus on core products.
As if Americans didn’t have enough chicken on the menu already, production of the nation’s most-popular meat is headed for the biggest growth spurt in more than a decade.
Following a three year decline, it appears farmland values may be stabilizing in 2018.