A survey of Farm Credit lenders in America’s heartland shows an increased demand for market risk management services as farmers, ranchers and agribusinesses respond to a tightening agriculture economy. AgriBank, the St. Paul, Minn.-based Farm Credit Bank, released the poll with a new report that examines trends innet farm income and farm balance sheets, and points to the need for producers act now to position themselves for success.
AgReliant Genetics, LLC announced its collaboration with Weather Trends International, a leader in weather forecasting and trends that provides accurate predictions day-by-day, week-to-week, 11 months ahead for 6.4 million locations around the globe.
Genuity has launched important updates to two technology tools, the Genuity Rootworm Manager application and Genuity sponsored InsectForecast.com. These both proved to be appreciated resources by farmers last season, according to Monsanto Company.
Iteris, Inc., a leader in providing information solutions to the transportation and agriculture markets, announced the general availability of ClearAg, a decision support application for precision farming.
By Bill Buckner, president and CEO, The Samuel Roberts Noble Foundation Inc.
As I survey the landscape of agriculture today, I see a sector plagued by deconstruction both from internal and external forces. Agriculture is more fractured now than any time in my life, and it doesn’t have to be. Internally, agricultural producers spend tremendous amounts of time and energy arguing about which production style is superior. For some, it’s a marketing ploy used to garner attention and sell their product at a higher premium. For others, questioning their production style is akin to attacking a family heritage. Adopting new practices, embracing change runs counter-intuitive to generations of experience, so they lash out.
Farmers that have not completed corn planting may be considering switching from corn to soybean or keeping corn, but switching to an earlier hybrid. Both of these decisions can be complicated and depend on yield and other information that are imprecise estimates and highly dependent on weather conditions the crops experience throughout the rest of the growing season.
The historic rains that have hit Texas this month, causing deadly flooding in parts of the state, have delayed cotton plantings, kindling concerns about next season's crop in the top growing U.S. state.