Risk Management
2024 Farm Journal Corn and Soybean College: Learn How to Ride the Waves of Farming’s Economic Cycles
This year’s program focuses on practices growers can use to thrive and keep their farms on track. Make plans to join Ken Ferrie and team for the event, which is slated for July 23 and 24 near Heyworth, Ill.
The math and mental gymnastics to truly understand how much risk your farm can handle can be exhausting, but it can be calculated with enough what-if scenarios.
There’s an immense amount of pressure riding on this year’s crop production picture, and with a margin squeeze setting in across farms, economists think it could accelerate consolidation in the row-crop industry.
More than 20 farm groups support the new Federal Agriculture Risk Management Enhancement and Resilience Act. The bill does not require choosing between enhanced crop insurance coverage and commodity support programs.
Beyond a few marketing strategies or providing a unique product for a niche market, sustainable practices offer opportunity in what looks to be another low-priced period in the grain markets.
Purdue’s Ag Economy Barometer Index is up for March - something Jim Mintert says is a result of increased farmer optimism for the future.
Industry experts share what to include in a financial plan and where they’d consider making room in the budget.
“As a young person, if you’re not going to be proud of what you do, don’t waste your time,” he advises. “Be proud of what you do, and everywhere you go, be excited about it and talk about it.”
Kevin Charleston, owner of Specialty Risk Insurance, shares a few ways to protect yourself and your operation against a gap in coverage.
Shay Foulk shares six ways to mitigate loss and plan to pilot through tough years.