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Top 5 Steps to Successfully Analyze Farm Performance

Measurement is the key to performance evaluation, and targeted benchmarks will provide a built-in pathway to knowing whether you’re meeting, exceeding, or falling short of your goals. So, what are the main ways to successfully analyze farm performance? Consider these top-five steps: 1) Establish and track profit per acre and/or breakeven production Among the key…

Soybean Price Seasonality Creates Opportunity

As planters take to the fields across the northern hemisphere, soybean prices remain elevated on a historical basis (Chart 1) despite projections for an increase in planted acres. This creates opportunities for producers to forward price this year’s crop at profitable levels. Chart 1 – 10-year nearby soybean price Source: https://www.macrotrends.net/2531/soybean-prices-historical-chart-data But when to sell?…

ADM Highlights New Mobile Technology, Products and Services at 2017 Farm Progress Show

New offerings aim to help farmers “keep their business on track” DECATUR, Ill., Aug. 22, 2017—Archer Daniels Midland Company (NYSE: ADM) will showcase a variety of new products, services and mobile technology designed to help farmers “keep their business on track” at this year’s 64th annual Farm Progress Show, Aug. 29-31, in Decatur, Illinois. Farm…

New Apps to Manage Your ADM Account

The ability to quickly access important business information is vital for producers today. ADM is pleased to introduce two new apps that make it easy for customers to log into their ADM account – ADM FarmView and FBN®. With these two choices, producers can gain 24/7 visibility to their ADM business activities from the convenience…

The Secret to Better Grain Marketing

Successful companies start with a basic business plan. Farming is no different. In fact, with the future of your farm on the line, developing a grain marketing plan is one of the most important factors in determining your success. Yet it’s the piece farmers often find most difficult or intimidating. That’s the reason we’ve launched…

How to Partner with Your Lender

These are challenging times in the ag sector, especially for farmers who didn’t get in a whole crop this spring. You may need to reapply for financing. Whether it’s getting an operating loan to put in the new crop, getting financing for expansion, or just making it through a rough patch, there are things you…

How to Ride Out a Rocky Market

Corn and soybean markets have been discouraging lately, to say the least. Trade uncertainty, changing world demand, fund positions, and large crop projections have created a crazy environment around commodity prices. It’s natural to fear what’s next and wonder what you can do to keep your operation on sound footing. While we don’t pretend to…

Conduct a SWOT Analysis to Chart a Direction for Your Farm Business

Farming may be a way of life, but it’s also a business. Big business in many cases. Strategic planning plays a role in moving a business forward, and a SWOT analysis can be an important – and even fun – part of the planning process. S-W-O-T is an acronym for strengths, weaknesses, opportunities, and threats.…

Capture Opportunities When They Happen With Revenue Net Insurance

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…

Why the Optimism of Next-Generation Producers?

Results from the 2017 U.S. Census of Agriculture have been published, and the picture of farming is changing. There are over 321,000 producers under the age of 35, and that ratio is growing as older generations pass on management of their farms. The USDA report says, “Farms with young producers making decisions tend to be…
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