Thu Oct 30, 2014 04:00 PM CDT Despite unprecedented efforts to educate farmers on 2014 farm bill choices, most growers remain foggy about which options to elect or which might provide the best long-term protection against low prices or revenues.
Unlike any other farm bill, consultants and land grant educators have gone viral with online analysis this year, scheduling weekly webinars, offering pre-recorded podcasts to answer common questions (https://www.afpc.tamu.edu/podcasts/fpm/) and attempting to simplify the most sophisticated online tools ever to measure the probability of yield and price outcomes with YouTube presentations.
Fri Oct 24, 2014 03:00 PM CDT My inbox is filling with irate landowners who took offense at a column I wrote for the October issue of Progressive Farmer on "fat cat rents." Actually, the thrust of the article was that average and below-average rents weren't likely to budge in 2015, only the "fat cat," above-average leases like we've seen at those $400-to-$500/acre Iowa cash rent auctions a few years ago.
Thu Oct 23, 2014 09:57 AM CDT Matt Huie of Beesville, Texas, could hardly contain his relief when he heard that USDA would implement a new farm bill rule in time to patch his crop insurance coverage for 2015 after all. The surprise reversal means growers of most major crops--except winter wheat--will be able to exclude extreme yield disasters from their 10-year Actual Production History (APH).
Wed Oct 22, 2014 11:05 AM CDT Given the abrupt drop in commodity prices this year, "the solvency of some farm customers could shift quickly," David Lynn, a senior vice president for Farm Credit Mid-America cautioned ag economists attending a conference in Louisville this month.
Fri Oct 10, 2014 03:52 PM CDT Steep drop in corn prices could make claims possible for corn growers with revenue insurance policies, even with average or slightly above average yields. Not since 2008 has difference between planting and harvest prices tumbled so far so fast.
Tue Oct 7, 2014 01:09 PM CDT Farmland Partners CEO Paul Pittman doesn't want to perpetuate the image of a big, bad institutional investor. He knows insurance companies who promised 50-year horizonsthen ditched their farm portfolios during the 1980s credit crisis.
Fri Sep 26, 2014 12:29 PM CDT News this week that John Deere had appointed Citigroup to sell its crop insurance unit opens the door to more jostling among the nation's 19 multi-peril insurance providers. The company's chief financial officer told an investor conference in Brazil that proceeds from the potential sale would be used to repurchase Deere stock, J.P.
Tue Sep 16, 2014 11:05 AM CDT We've been busy answering questions from the more than 1,000 people registered for our August webinar on "ARC or PLC: What's the Right Farm Bill Option for You?" You can still listen and download power points from a free one-hour rebroadcast with economists Gary Schnitkey of the University of Illinois and Carl Zulauf of Ohio State University at http://tinyurl.com/qz7aq6d.
Fri Aug 22, 2014 03:34 PM CDT More than 700 attendees registered for DTN's free webinar yesterday, "ARC or PLC Choices: Which Farm Bill Contingency Plan is Right for You?" with economists Carl Zulauf of Ohio State University and Gary Schnitkey of the University of Illinois.
Mon Aug 4, 2014 12:44 PM CDT Do you or your landowners need more coaching on your one-time 2014-2018 farm bill decisions? If farmers I interviewed last week in Indiana are typical, many growers spent the last decade wishing farm programs would go away.
Thu Jul 24, 2014 11:46 AM CDT It's those cut-throat, top-of-market leases bid up at cash corn's $6.89 season-average peak in 2012 that stand to see the biggest adjustments. Average rents drop much more slowly.
Wed Jul 23, 2014 10:59 AM CDT Farmers stand to lose money on cash rented land in 2014 and 2015, if average lease rates don't adjust to new economics. On the other hand, landowners may be slow to budge.
Wed Jul 23, 2014 10:58 AM CDT Farm accidents can strike at any age. Good farm advisers and documentation of what couples own, farm lease terms and business roles after a partner's death can ease the grief.