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
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Land Market
Water Quality
Cash Rent Calamity?
Conservation Threats
Dow's Gutsy Decision
Ag Runoff Targeted
Stretching a State's Waters
Ag Land Prices Drop in Parts of Midwest
All Roughed Up
Web of Water - 4