Farm Business - General
In the third quarter, farm income and loan repayment rates weakened.
Here are the most common types of culture in a business and the red flags to look for in yours.
A trifecta of high input prices, high interest rates, and depressed crop prices have Sen. Cindy Hyde-Smith (R-Miss.) and Sen. John Boozman (R-Ark.) bringing focus to the economic stress for farmers.
Nine-year-old social media sensation @justajacksonthing will create content for John Deere’s social media channels to bring awareness to the people working tirelessly in agriculture.
Production of hay and forage machinery will come to a halt in Ottumwa for a month, plus new planting equipment and a big grain cart will hit the fields soon.
“The agricultural economy is inherently cyclical, and ag lenders are navigating the changing conditions across the sectors they serve,” said Jackson Takach, chief economist of Farmer Mac.
Attributing his strong work ethic and leadership skills to his farming background, Jeff Rowe, who took the reins as CEO of Syngenta Group earlier this year, values the deep connection it fosters with customers and employees.
The shift to climate-smart farming emphasizes low-carbon crop yields for biofuels, with 45Z tax credits starting Jan. 1, 2025. Farmers should consider profitable changes while documenting their existing sustainable practices.
As harvest ends, focus on next year’s crop planning by understanding break-even costs and budgeting inputs. This will boost profitability and enhance your negotiating power.
Limestone is a cost-effective input, often yielding the highest ROI when correcting soil pH. Soil tests reveal that low pH is a prevalent issue, affecting around 40% of Illinois farmed acres.