Farm Business - General
What would you tell someone launching their farming career today? A panel of Illinois farmers recently shared some of their successes and setbacks along with a handful of recommendations for young or new farmers.
After launching an initial “frontrunner” a group in Illinois, Bayer says its Crop Science division is ready to roll out the company’s new operating model, Dynamic Shared Ownership (as it’s known internally, DSO).
Industry experts share what to include in a financial plan and where they’d consider making room in the budget.
Roger Reaves forged the most astounding farm life of modern times. Row crops to moonshine to marijuana to cocaine, he was the highest paid narco-pilot in history.
U.S. pork exports to Mexico hit the second-highest on record in January, while another major meat processor says it’s shutting the doors on another pork processing plant as consolidation concerns continue to grow.
Paul Neiffer, The Farm CPA, details some of the Biden administration’s 2025 budget plans and how they could affect farmers if approved. Of the provisions, only one would potentially help farmers, he says.
The latest Ag Economists’ Monthly Monitor projects a major drop in net farm income this year. Economists are also growing more pessimistic about the potential for interest rate cuts in 2024.
“It’s in these challenging markets farmers need to think about driving more efficiency using technology,” says Darryl Matthews, a recently retired tech executive. Certain technologies can provide a short-term ROI.
“We are a high-impact, mission-driven, life-science company with three strong businesses, but we have four challenges that urgently must be addressed,” said Bill Anderson.
When comparing 2023 to 2022, the average auction price for a John Deere S780 combine dropped $54,977, or 15.8%. How low will that number go?