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.
Chad talks about his strategy for countering the high fertilizer prizes by implementing more strip-till fertility and shifting to more liquid...for now.
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.
The year end webinar that recaps the products used by XtremeAg in 2021, their observations, data and recommendations for 2022. The team goes in depth about their experiences last season with planter fertility products from 13 XtremeAg partners.
Robb Dedman was sitting in an Ag conference when he heard a presenter explaining how a product could increase phosphorous uptake in corn. As the crop consultant and biz partner to Matt Miles, Robb had been noticing that very problem at Miles Farms: The soil held ample “P” yet the crop tissue samples showed a deficiency. So, Mr. Dedman went on a search and discovery mission. He found a company named AgrotechUSA and conducted trials last year with their NutriCharge product, which increases phosphorous availability to plants. The results and the return on investment were significant.
There’s a lot to consider heading into any new crop year but especially as we prepare for 2022 with record run-ups in input prices, lack of input inventory, Covid marketplace impacts, and uncertainty. One consideration always in play is whether or not to alter the crop rotation. XtremeAg farmer, Chad Henderson explains why he’s staying the course in 2022 with his usual crop acreage splits.
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.
It’s the end of the year and the farm belt has made money. That means farmers will be at the implement dealer's counter, checkbook in hand, ready to get money off their books, right? Well, maybe, but not for Lee Lubbers. Mr. Lubbers shares tax strategy and how Lubbers Farms goes about making machinery and tax decisions on their operation. They don’t make any rash purchase decisions at new year’s time or solely based on the prior year’s profitability. The biggest tax management decision the Lubbers employ: they invite their lender into the tax planning meeting with their CPA! Lots of good info you can apply to your farm business — whether it’s year end or not!
Marrone Bio is a 15 year old Agricultural company you’ve probably never heard of if you’re in the business of producing row crops. That’s because Marrone Bio’s roots are in products for horticulture and specialty crops. But that’s changing as the company is bringing innovative, abiotic stress reduction products to the marketplace. XtremeAg farmer Chad Henderson is trialing two Marrone products this year on 500 acres of corn and soybeans. Emergen (applied in-furrow) and Pacesetter (applied as a foliar at time of fungicide application), have one job: to reduce plant stress. Or, as Chad says, “they keep my crops from having a bad day.” And based on what he’s seeing on his farm, you’ll want to do the same.