Farm Industry Trends

  • Former Soviet Union May Become the Largest Wheat Exporter

    It is projected by 2019 that Russia may become the world’s largest wheat exporter and Russian, Ukranian and Kazakhstan (RUK) wheat exports collectively may double the United States wheat exports according to the June 2010 issue of Amber Waves.  This growth in wheat exports may help mitigate global food security concerns and help offset the […]

    More

  • Some S Corporation Dividends May become Subject to SE Taxes

    The American Jobs and Closing Tax Loopholes Act of 2010 is expected to be passed in the next week or so.  In this tax act, there is a provision that states all ordinary income earned by S corporation from professional services (such as accounting, consulting, medical and other related professions) will be subject to self-employment […]

    More

  • Farmland Values up in First Quarter

    The Federal Reserve Bank of Kansas City issued their quarterly report on agricultural credit conditions for the first quarter of 2010.  They indicated farmland values rose due to strong demand and the rebound in livestock prices.  Both farmer and non-farm demand appears to be very good.  Looking ahead, they expect farmland values to hold steady. […]

    More

  • New Drought Resistant Seed May Expand Corn Belt

    The April 29, 2010 issue of Bloomberg Businessweek had a good article on how the seed companies are developing drought resistant corn seed that may expand the corn belt farther into Kansas, Nebraska, and Oklahoma. Another benefit of the seed is a reduction in the amount of irrigation that is needed.  This can lead to […]

    More

  • State Tax Refunds Can Create 45% Tax Bracket (or Higher)

    On of my favorite business magazines that I started reading as a teenager was Forbes.  This used to be a really great business magazine and it still fairly good, but with all the changes going on with the digital revolution, their web-site seems to be taking a higher priority than their magazine.  However, almost every […]

    More

  • Rural Farm Economics Improve

        Creighton University produces a monthly rural main street economic report based upon  a survey of bankers in an 11 state area which comprises most of the corn belt.  This survey gives a good picture of where the local farm economy is headed. In the latest report, the highlights are as follows: The farmland-price […]

    More

  • Alan Kluis of Sucessful Farming has a very good article on marketing and lock in in your crop insurance plans for the upcoming crop year.  In the article, he indicates you need to allocate your bushels between insured bushels (A bushels) and non-insured bushels (B bushels).  On the insured bushels, you need to meet with […]

    More

  • What’s Your Farm Ratios

      As advisors, we see many business and farm financial statements through out the year.  Most of the successful farm businesses have several key financial ratios in common.  Even though each farm business is different, it is surprising how these ratios tend to be in the same range for each business. These key ratios that […]

    More

  • Farmers are Blogging

    I have enjoyed doing my blog for about a year now and have now started to see some farmers using a blog to communicate with their landlords, neighbors, bankers and others that might be interested. Reading the latest issue of Successful Farming, I noted an article on the Martin Family Farms in Logan County, Illinois.   The title […]

    More

  • Hog Odors Raise a Stink

    For those people living in rural areas, the smells associated with hogs, cows, etc. can be a nuisance.  Usually most people grin and bear it, however, there are many times when they try to do something about it. The High Plains Midwest Ag Journal recently reported on a civil trial filed in Kansas City regarding […]

    More

Subscribe to Our Email List

* indicates required