by Brent Gloy and David Widmar
Now that the holidays are behind us, it is time to really start getting serious about 2017 planting decisions. There are a variety of factors that go into how farmers decide what crops to plant, but crop budgets certainly play a key role. The analysis of this year’s crop budgets favor soybeans in many areas of the country. This appears to be particularly true in the Eastern Corn Belt. Continue reading
By Brent Gloy and David Widmar.
(Brent and David originally wrote this piece for the December issue of Successful Farming, available here.)
The frustrating realization that 2017 will likely be another difficult financial year for producers has begun to set in. After three years of falling net farm income and negative budget conditions for corn and soybean production throughout the country, 2017 is setting up to look like Round Four of the Great Margin Squeeze. In light of this, we offer 9.3 tips for planning and preparing for 2017.
By Brent Gloy
At the end of 2015 many expected that the Federal Reserve might raise interest rates several times in 2016. This was not an unreasonable guess as the December 2015 economic projections of the members of the FOMC suggested that most thought increases in the targeted Federal Funds were likely.
As it turned out, there were no additional increases in the target through November, setting up the December meeting as the last likely opportunity for a 2016 increase. While we discussed the potential for farm level impacts of an increase back in 2015, we thought now would be a good time to take another look at farm level interest rates and begin to think through some of the implications of a potential interest rate increase. Continue reading