Cost Control
Wed Feb 25, 2015 01:01 PM CST

It's no secret corn and soybean farmers face lower prices now than they did a year ago. Astute operators already have plans in place to cut costs while monitoring their margins. But it's still going to take a sharp pencil and perhaps some out-of-the-box management thinking to make ends meet in 2015.

"Corn returns in 2014 likely were negative on many farms. Losses were near $100 per acre on cash rent land in northern Illinois," says Gary Schnitkey, University of Illinois agricultural economist. "Government payments will occur in 2015 but will not ...

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