Fri Jan 23, 2015 11:07 AM CST Peak salaries used to attract young operators back to the farm since 2006 can encourage an over-inflated value of their worth to the business, warned DTN Farm Family Business Consultant Lance Woodbury in his most recent column (subscribers see the Farm Business page or Recent Features).
Wed Jan 21, 2015 04:56 PM CST More than 80% of farm wealth is tied up in real estate that might have been in the family for more than a century. No wonder farmers worry about President Obama's capital gains fixes.
Fri Jan 16, 2015 05:25 PM CST There are few milestone pieces of legislation that alter American life, but the 2010 Affordable Care Act is one of them. With mandates for individual coverage and no lifetime insurance limits, for example, it's brought more security to cancer patients like myself who would have wracked up $660,000 in medical expenses last year if I hadn't been insured.
Thu Jan 8, 2015 03:24 PM CST Don't expect much farmer economizing in production costs in 2015, but it's not for lack of trying. Yes they can knock a few bucks off here and there, but not the hundreds of dollars of gross income that have vanished per corn and soybean acre since 2012.
Mon Jan 5, 2015 10:39 AM CST Oil billionaire T. Boone Pickens likes to say his career forces him to be an optimist: Geologists drill too many dry holes, he explains. That attitude places him in good company with farmers.
Fri Jan 2, 2015 05:02 PM CST Since the 1930s, most farm program payments were triggered on price alone so were relatively easy to predict when commodity markets slumped. Beginning with the optional ACRE program in the 2008 farm bill, and now ARC-County in the 2014 law, forecasting depends on a combination of yields and prices.
Wed Dec 10, 2014 10:00 AM CST Reliance on trucks and inadequate ocean ports haunts Brazil's export reputation. Farmers in its biggest soybean state have waited more than a decade for a paved northern route to the Amazon.
Mon Nov 24, 2014 03:56 PM CST The American Society of Civil Engineers perennially grades the nation'stransport systemsas deficient and in need of major investments. What we can be thankful about is that some of our competitors work with even more neglected networks.
Tue Nov 18, 2014 05:45 PM CST A poll of chief financial officers for Farm Credit lenders in 15 states found that the cost of borrowing is expected to rise midway through next year as the Federal Reserve tightens monetary policy.
Mon Nov 17, 2014 09:24 AM CST I hate to admit how long I've been reporting on ag lending, but let's just say Ronald Reagan was president, Ghostbusters was a popular movie and Tina Turner belted Top 40 hits like, "What's Love Got to Do With It." One thing that hasn't seemed to go out of vogue in all those decades is the sibling rivalry between country banks and the Farm Credit System, as Texas A&M ag finance professor Danny Klinefelter writes in this week's DTN "By the Numbers" column.
Fri Nov 7, 2014 03:36 PM CST A Halloween forecast by Purdue University paints a grim outlook for the grain economy through at least 2015, and possibly the next three or four years.
Indiana grain farm incomes are expected to tumble 30% in 2014 and another 35% in 2015, even including government payments under the new farm bill, Purdue Economist Chris Hurt said.
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.