Tight Budgets Likely to Persist in 2017

by Brent Gloy and David Widmar

(Brent and David originally wrote this piece for the Fall issue of The Feed, available here).

With planning for 2017 underway, many are finding the tight budget environment is likely to persist in 2017.  When evaluating the major row crops and major growing regions of the country, our crop budget estimates suggest that 2017 will be another challenging year for row crop producers.

While there has been a significant amount of negative news about the 2016 economic situation, there were some positives.  Perhaps the most important of these is costs of production declines.  This year saw some reductions in fertilizer and fuel prices, as well as, cash rents.  Unfortunately, higher crop prices and additional cost reductions will likely be necessary to restore profitability in 2017. Continue reading

9.3 Tips: Preparing for Round-Four of the Great Margin Squeeze

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.

Continue reading

The 2016 Agricultural Year in Review

Yes, believe it or not, tis the Season: The 2016 Agricultural Year in Review. We were surprised how active the year was when we put pen-to-paper and started making our list of the most notable stories in 2016. With that said, here is our top 20 list: Continue reading