FARM BUSINESS NEWS
Pivots Pay
Elizabeth Williams DTN Special Correspondent
Tue Dec 18, 2012 02:48 PM CST

Rick Murdock, a farmer in Murray, Ky., was so convinced irrigation was the wave of the future, he signed up to be an irrigation equipment dealer. He sold his first pivot in February and has since sold two more systems. “We have 30 quotes out for irrigation systems right now,” he says.

In a year like this, irrigation systems have returned 30 to 100% of their cost in one year. Murdock’s yield difference between irrigated and non-irrigated is at least 160 bushels per acre. “And who knew we’d have $8 corn at harvest time?” Murdock asks.

Irrigation isn’t a foolproof ...

Quick View
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
CWA Rule Pressure
Senators Blast Water Rule
Bagging a Big Crop
Farm Investors Welcome
What's a Soybean Worth?
Hunting for Habitat
Soil Health Values Explained
Nutrient Reductions Seen Slow
Interpretive Rule Seen as Invalid
DTN Ag Business Benchmark