MinnStar Bank | Red River Farm Network

Waiting for Final Harvest Price

Published October 10, 2023

Harvest season is progressing rapidly and some areas with variable crop conditions could be dealing with a different crop insurance situation than recent years. MinnStar Bank Farm Management Analyst Kent Thiesse says even if yields are above actual production history…

Farmfest is Happening This Week

Published August 1, 2022

Farmfest is known for numerous farm policy educational forums. This year’s line-up includes an ag outlook forum and a discussion about the 2023 Farm Bill. MinnStar Bank Senior Vice President Kent Thiesse, the educational forum coordinator for Farmfest, has more…

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Know Your Cost of Production Going Into 2022

Published December 3, 2021

Higher input costs could lower farm income potential next year. Fertilizer costs are getting a lot of attention. "Almost all fertilizer products are up double what they were compared to one year ago." MinnStar Bank Farm Management Analyst Kent Thiesse…

Reminder: Additional COVID Relief Available for Farmers

Published April 22, 2021

The Farm Service Agency is sending out payments to farmers as part of the Pandemic Assistance for Producers program. That’s the COVID relief that replaces the third Coronavirus Food Assistance Program. "The name was changed in the Biden administration and…

Give the Paycheck Protection Program Another Look

Published February 17, 2021

Sign-up is open for the Paycheck Protection Program. MinnStar Bank Farm Management Analyst Kent Thiesse says if farmers did not qualify for the first round, the program may be worth revisiting. "Now, farmers can use line nine on the Schedule…

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Don’t Forget WHIP+ Program in 2020 Tax Management

Published December 27, 2020

MinnStar Bank Farm Management Analyst Kent Thiesse says farmers need to account for the WHIP+ program payments when doing their year-end tax management. "Funding hadn't been authorized for some of those payments, but now, the USDA has authorized the funding.…

Negotiating Land Rents Could Be More Challenging in 2020

Published November 24, 2020

Negotiating land rents can be a dicey proposition any year, but those conversation may be more difficult this year. With stronger corn and soybean prices and more government payments, land owners may want to adjust rental rates. MinnStar Bank Farm…

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2019 Farm Program Payment Rates Finalized

Published October 5, 2020

MinnStar Bank Senior Vice-President and farm management analyst Kent Thiesse says the farmers who enrolled corn or wheat in the 2019 Price Loss Coverage Program will be getting a payment. "The final price came in at $3.56 and the reference…

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Higher Levels of 2019 Farm Program Payments Possible

Published May 15, 2020

The drop in commodity prices could trigger higher levels of 2019 farm program payments for producers. MinnStar Bank Farm Management Analyst and Senior Vice President Kent Thiesse is estimating a 10 to 20 cent per bushel payment for corn enrolled…

Prevent Plant Could Spark ARC-IC Interest

Published January 10, 2020

As farmers consider 2019 and 2020 farm programs, prevent plant may encourage enrollment in Agricultural Risk Coverage-Individual (ARC-IC). "If you have a whole farm unit that's 100 percent prevent plant acres, that means you have zero production," said Kent Thiesse,…

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Page 1 of 212

Articles tagged under: MinnStar Bank

Waiting for Final Harvest Price

Farmfest is Happening This Week

Know Your Cost of Production Going Into 2022

Reminder: Additional COVID Relief Available for Farmers

Give the Paycheck Protection Program Another Look

Don’t Forget WHIP+ Program in 2020 Tax Management

Negotiating Land Rents Could Be More Challenging in 2020

2019 Farm Program Payment Rates Finalized

Higher Levels of 2019 Farm Program Payments Possible

Prevent Plant Could Spark ARC-IC Interest

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