Internet Banking Login

Login
Access ID:
 
First Time User Login Questions
   

Farm Management

Farm Size Comparisons

Ask many farmers or ag professionals, and probably anyone with any knowledge of crop farming, whether larger farm operations have a lower cost of production, and they would probably say “YES”. However, the farm management data from Minnesota and other States does not support the assumption that average costs of production per acre get lower as crop farm sizes gets larger. Interestingly, in some cases it is just the opposite, and in most situations there is very little correlation to farm size. [ read more ... ]

 

2014 Farm Management Strategies

As we look ahead to 2014, crop revenues are likely to be significantly reduced compared to 2013 revenue levels. There is likely to be some moderation in 2014 crop input costs, due to lower fertilizer costs; however, land rental rates will likely remain fairly high, which could add more risk to 2014 crop production. The profit margins in the livestock sector look improved for 2014, due to the moderation in feed costs that is expected. Credit availability for agriculture should remain good for farm businesses that are on a solid financial base; however, credit could get tighter for farm businesses that are in a “higher-risk” financial position. [ read more ... ]

 

Looking Ahead To 2014

2014 is setting up to be another interesting year in the agriculture industry, following a fairly profitable year in 2013 for many crop producers in the upper Midwest, as well as for many livestock producers later in the year. 2013 will end without a new Farm Bill passed to replace the current Farm Bill that officially expired on September 30, 2013, and with some deep concerns relative to the future of the renewable fuels industry. Following are some items that are likely to be on the forefront in the agriculture industry for 2014 :  [ read more ... ]

 

2013 Ag Review (Part 2)

This is the second of a two-part article highlighting what happened agriculturally in 2013. Last week’s  article provided a review of 2013 crop production and weather conditions. This week we will focus on some highlights regarding livestock production, input costs, grain prices, and the overall farm economy for 2013 ……  [ read more ... ]

 

Lessons Learned From The 2012 Drought

The 2012 crop year and the major drought that affected much of the United States is now behind us; however, many areas of the Western Corn Belt, including much of Southern and Western Minnesota continue to face drought concerns for the coming 2013 crop year. Anytime we have a major disaster, such as the 2012 drought, it is always good to review what happened or didn’t happen, and to use those findings to strategize for the future. Following are some key observations relative to the 2012 drought that can help farm operators and the agriculture industry plan for the coming years :  [ read more ... ]

 

Looking Ahead To 2013

2013 is setting up to be another interesting year in the agriculture industry, following a very profitable year in 2012 for most crop producers in the upper Midwest, and a fairly negative profit year for most livestock producers. 2012 ended with a Farm Bill Extension, but without a new Farm Bill, to replace the current Farm Bill that officially expired on September 30, 2012. Following are some items that are likely to be on the forefront in the agriculture industry for 2013 : [ read more ... ]

 

2012 Ag Year In Review --- Part II

This is the second of a two-part article highlighting what happened agriculturally in 2012. This article will focus on a review of 2012 livestock production, input costs, and grain prices this week, following a review of 2012 crop production and weather conditions in the previous article. Following are some highlights regarding livestock production, input costs and grain prices for 2012 : [ read more ... ]

 

2012 Ag Year In Review --- Part I

As we reach the end of the year, it is a good time to reflect on what happened agriculturally in the region and across the United States in 2012. This will be a two-part article, with a review of 2012 crop production and weather conditions this week, and a review of livestock production, input costs, and grain prices in the next article. Following are some highlights regarding crop production and weather conditions for 2012 : [ read more ... ]

 

Custom Farming Agreements

An alternative to leasing farmland is a “Custom Farming Agreement”. In a typical Custom Farming Agreement, the custom operator agrees to perform all the machine operations on the owner’s land in exchange for a set fee or rate. The landowner pays for all seed, fertilizer, chemicals, crop insurance, and other input costs; receives the all grain produced and all eligible farm program payments on the land; and is responsible to store and market the grain. [read more ... ]

 

Does It Feel Like The 1970's?

During the past few years, many comparisons have been made with the agricultural economy that existed in the late 1970’s, with record grain prices, high farm profits, and rapid increases in land values. Here are some things to consider : [ read more... ]

Management Strategies For 2012

As we look ahead to 2012, crop revenues are likely to remain strong, though possibly not as high as 2011 revenue levels; however, rising crop input costs and land rental rates could reduce profit potential, and add more risk to 2012 crop production. The profit margins in the livestock sector look improved for 2012, but could also get quite tight if feed costs increase during the next twelve months. The short-term operating credit needs for agriculture are likely to increase in the coming year, given the increases in farm input expenses and land rental rates for 2012. Credit availability for agriculture should remain good for farm businesses that are on a solid financial base; however, credit could get tighter for farm businesses that are in a “higher-risk” financial position. [ read more ... ]

Looking Ahead To 2012

2012 is setting up to be another interesting year in the agriculture industry, following a fairly profitable year in 2011 for most crop and livestock producers in the upper Midwest., with the exception of some erratic weather problems in some areas during the year. Following are some items that are likely to be on the forefront in the agriculture industry for 2012 : [ read more ... ]

2011 Ag Year In Review

As we reach the end of the year, it is a good time to reflect on what happened agriculturally in the region in 2011. Following are some highlights regarding crop production, grain prices, crop input costs, and livestock profits for 2011. [ read more ... ]

Check Grain Bins

Corn and soybean producers across the Midwest had very good Fall harvest season, with many farm operators completing harvest by early November. Producers need to pay close attention to monitoring grain that is stored in on-farm grain bins for potential storage problems. Much of the corn and soybeans in 2011 were harvested and placed into grain bins at very warm temperatures; however, we have had a wide range of temperatures in the past several weeks, from fairly cold to quite warm. [read more ... ]