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plans + decisions
No matter how well informed you are, how careful you have been in specifying the problem, how much data and information you have collected, how systematic you have been in the decision process, it is possible you will make a mistake – a wrong choice.
Read MoreRisk dominates the farming sector, and most farmers try to reduce or manage/mitigate the risks they take. Risk is perceived by most to be “bad” – – something to be avoided.
Read MoreThe current climate of low crop commodity prices is squeezing margins. Some margins might even be negative if crop producers continue with current costs. As a result, crop producers might focus more intensely than usual on managing costs of production.
Read MoreThe business climate for the farming sector is transitioning from a period of unprecedented prosperity, particularly for the grain sector, to a much less robust period. To help you navigate this new business environment, we’ve identified ten strategies for long-term success.
Read MoreThis series of articles will provide an introduction to risk and uncertainty, and discuss tools and strategies that can be used to mitigate risk and uncertainty.
Read MoreMost people working in agriculture are in the business of commodity. And in the long run, in a commodity business, there is one absolute key to success. It’s pretty straightforward: be a low-cost producer. It can be difficult to make it happen, but necessary, especially in today’s volatile financial climate.
Read MoreAfter many years of high commodity prices and strong profitability, the landscape in the row-crop sector has shifted dramatically. Today, farmers are facing a substantial margin squeeze. Purdue’s early estimates of the 2015 budget for operations on average-quality Indiana farmland projected a loss ranging from $156 to $317 per acre.
Read MorePrices for corn, soybeans, and wheat have all declined precipitously since the drought induced peaks of 2012. Bumper crops in 2013 and 2014 pushed crop agriculture from a tight supply/demand balance, and record high prices, to a situation where attention is now focused on crop surpluses and declining prices.
Read MoreMost people working in agriculture are in the business of commodities. And in the long run, in a commodity business, it’s crucial to be a low-cost producer. Here are some practical ways that you can start lowering your costs today.
Read MoreA key theme underlying the discussions and presentations at the 2013 Kansas City Federal Reserve Bank Agricultural Symposium — the Shifting Nexus of Global Agriculture — was the uncertainty the industry is facing in many dimensions
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