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.
Mon Jul 21, 2014 04:40 PM CDT Dan, an Iowa farmer, summarized the problem in a 16-word Twitter post last month: "$4 cash corn. Same as when I started in 2010, but cash rents are $100 higher." He could have added: Something's gotta give.
DTN's national average cash price index--a collection of cash bid data from almost 3,000 locations across the U.S.--slid to $3.52 last Friday.
Tue Jun 17, 2014 02:32 PM CDT Conservation Reserve Payment checks have been called "rent" for nearly 30 years, treated much like similar payments during the 1950s Soil Bank and free from self-employment taxes. But unless a 2013 Tax Court case is overturned by the 8th Circuit Court of Appeals later this year, non-farmers could owe whopping new 15.3% self-employment income tax on their contract proceeds.
Thu Jun 12, 2014 09:58 AM CDT Farm equipment sales have hit the skids this year, thanks largely to more modest farm income projections that could cut net revenues far below 2013 levels for crop producers. But uncertainty over the status of Sec. 179 depreciation rules for small business is compounding the problem.
Fri May 9, 2014 09:08 AM CDT Joining me today to discuss another topic on family values is Lance Woodbury, DTN and The Progressive Farmer's family business columnist who is based in Garden City, Kan. Lance trained as a professional mediator and has more than 20 years experience counseling small business owners on family conflicts, succession and transition issues.
Thu May 8, 2014 03:04 PM CDT Starting 15 years ago, I took four trips and about four dozen farm leaders onvisits to the Brazilian frontier. Outposts were so remote, we chartered our own planes to criss-cross a region the size of our 12 Midwestern corn states.
Fri Apr 4, 2014 05:27 PM CDT Your irrevocable 2014 farm bill decisions are getting complicated by this spring's surprise price rally. While it was widely assumed commodity prices were headed for a multi-year crash when the farm bill was being drafted, few experts considered what your best risk management options would be if markets stayed near levels achieved over the last two months.
Tue Mar 25, 2014 10:00 AM CDT Joining me today to discuss another topic on family values is Lance Woodbury, DTN and The Progressive Farmer's family business columnist who is based in Garden City, Kan. Lance trained as a professional mediator and has more than 20 years experience counseling small business owners on family conflicts, succession and transition issues.