Ag Business Articles
Beet Stock Values
Published April 14, 2024
According to Acres & Shares broker Jayson Menke, there was one American Crystal Sugar Company beet stock sale last week for 19 shares at $6,000 per share. “With sugarbeet planting underway, the beet stock trading season may be over or…More Headwinds Ahead
Published April 12, 2024
FDIC Supervisory Examiner Joe Koenigsman cautions farmers about rising interest rates and how bigger operations may face increasing risk over loans. "$2 million line of credit is pretty standard, anymore. We went from 4% to 10% on operating notes in…MN Farm Income Takes a 76% Hit
Published April 12, 2024
University of Minnesota Center for Farm Financial Management Extension Economist Pauline Van Nurden reports the 2023 median net farm income for Minnesota farms fell 76 percent from the previous year. This is largely due to rising costs and around-average yields.…USDA Programs Like REAP Can Save Cash for Farmers
Published April 12, 2024
The REAP program is a USDA grant and loan option that Senator Tina Smith says is perfect for farmers looking to save money while installing new energy systems. "REAP is a very popular loan progam at USDA for farmers looking…The Sky is Not Falling
Published April 12, 2024
Farm Credit Administration Senior Credit Risk Specialist Scott Donnelly sees the net farm income projections as a return to the trendline and not a doomsday scenario. "Those that are disciplined will be in good shape. The key component here is…A Risk for Lenders and Borrowers
Published April 11, 2024
FDIC Supervisory Examiner Joe Koenigsman sees climbing interest rates as a key driver for risk in 2024. "Going from four-and-a-half percent to nine and ten percent on ag loans is a substantial amount." Farmers will need to pay close attention…Farm Income Forecast
Published April 11, 2024
Farm income is expected to remain under pressure this year. "It's still slightly above what would be the longer-term average," said Ty Kreitman, associate economist, Federal Reserve Bank of Kansas City. "This is primarily driven by lower commodity prices." Kreitman…Female Ag Leaders Gather in Chaska
Published April 11, 2024
The 2024 Women’s Agricultural Leadership Conference was held Wednesday in Chaska, Minnesota. Co-founder Doris Mold said this event began to provide more leadership opportunities for women in agriculture. "There had been a huge study that had come out that talked about…No Impact on Crop Insurance Program
Published April 11, 2024
Crop insurance shouldn’t be impacted by the National Ag Statistics Service decision to drop county data collection. "We no longer use that data for crop insurance," said Rich Morrison, vice president of farm services, NAU Country. "About three years ago,…