Cotton prices are good, at the moment. Which means, as a cotton producer, you could make a few bad decisions and still be profitable. But that’s the path to take for long-term success. Arkansas cotton producer Matt Miles joins the guys from Silveus Financial to discuss cotton strategy heading into 2022. With input prices skyrocketing and the price of a cotton harvester pegged around $800,000, there’s plenty at stake. This is why you need a good plan and solid partnerships to capitalize on high cotton.
Crop insurance isn’t always exciting but it can keep your farming operation profitable, or at least solvent to live for the next generation. When it comes to selecting the right crop insurance product for your operation are you asking the right questions and analyzing the pertinent parameters? Jared Clark and Bryce Guse with Silveus Financial share four things you should know before making your crop insurance decision.
Farmers tend to focus on production, which is important but production alone won’t guarantee profitability. That’s why business-minded operators devote energy to the other sources of farm revenue — crop insurance and government programs — and integrate them with crop marketing to achieve farm profitability. Bryce Guse and Jared Clark with Silveus Financial explain.
With bigger corn crops come more stover in the field, which can prevent proper seed-to- soil contact following planting. Biologicals such as ResidueRX eliminate this problem, along with preventing disease, maximizing nutrient utilization, and saving you time and money by allowing you to apply during your pre-emergent spray pass. In this episode we discuss residue management to attain bigger yields — especially while reducing planting population.
Fertilizer prices are doubling from last crop season as overall Ag input prices are increasing. Savvy farmers understand the need to squeeze every penny out of their input dollars. Biological products like TitanXC — a fertilizer coating — do just that by making phosphorous and potassium more available for crops. Studies show that as much as 60% of your phosphorous goes un-utilized. Can you afford to let that much of your purchase go unused? Brian and Steve from Agricen join Iowa producer Kelly Garrett to discuss the science and the financial return.
When your farm operates as a "one man band” you wear every hat, but as your operation expands you quickly realize the need to prioritize responsibilities based personality, interest, or aptitude. Nobody can be an expert at everything. Generally, some of us love production, while others of us gravitate to the business side of farming. Stuart Sanderson of Henderson Farms explains how their operation divides responsibilities for a success and harmony. And, no, “harmony” doesn’t mean a lack of disagreement!
We’re all guilty of being enamored with what’s shiny and beautiful. In farming, that means shiny new equipment, class A farm ground, and fancy facilities. But sometimes you can improve your bottom line by improving assets that are less than shiny. Depending on your capital position, age, and operation, you may have no choice but to do just that. Illinois XtremeAg farmer, Dan Luepkes wasn’t well capitalized, so he went about building his empire by turning trash into cash…or at least into nicely appreciated, improved assets. Dan shares his Agricultural business philosophy and provides a “how to" in this episode.
What does sustainable farming mean to you?