Following two strong seasons for corn, soybean and wheat prices, marketers are looking nervously ahead to the 2023 season due to recent market turns. Prices have been high and traditionally this has led to increased production. But there’s uncertainty whether prices will remain elevated or begin to slide based on increasing global supplies. Either way,…
Crop insurance is a great tool to protect farm revenue and allows you to forward market bushels with confidence. But it does have limitations, especially where the price guarantee is concerned. The spring price for crop insurance policies is established in February. If prices are good at that time, then you’re likely guaranteed a profitable…
It’s never too early to start thinking about getting your bins ready for harvest. For many producers, grain bin prep and safety are always top of mind to ensure the season’s crop can be stored safely and efficiently. Even if your operation has been free of accidents and mishaps, it never hurts to refresh your…
With a warmer-than-average winter across much of the U.S., you’re probably itching to get to the field. But don’t blow past an important date for the grain markets on March 31. That’s the day the USDA will release its Prospective Plantings report for 2017. Every year the report tends to provide direction to the market—up…
Your operation has many financial moving parts, from input and land costs to projected yields and crop insurance—and they’re all connected. A change in one factor changes your whole outlook, yet recalculating with manual methods can take hours. (Learn more about farm financial planning in Episode 2 of our podcast, In the Driver’s Seat.) To…
For farmers in the heart of North America sunflower production lies the ADM Harrold Terminal in central South Dakota. This specialty grain handling facility is equipped with state-of-the-art cleaning and aeration bins allowing for bulk shipment of bin-run and cleaned seeds. A new bagging plant completed in the fall of 2016 produces our high-quality end…
