The Agricultural Innovations To Watch In 2018

While agriculture is one of the oldest technologies known to man, that hasn’t stopped farm technology from changing every year. From robots to Big Data computer models, new innovations are coming out all the time. As farmers ourselves, we enjoy seeing the latest innovations in agriculture that make life easier, crops healthier, or are just…

Ag Producers Less Optimistic Amid Trade Concerns

Farmers worried about losing ag exports By Other News – April 3, 2018 WEST LAFAYETTE, Ind. — The Purdue/CME Group Ag Economy Barometer fell five points in March to 135 as concerns and uncertainty surrounding agricultural exports continued. The 5-point decline in sentiment comes as a result of producers’ less-optimistic perceptions of both current conditions and future…

Producer sentiment is on the rise, but trade uncertainty continues

Producers are more optimistic about their current financial situation according to the latest Purdue/CME Group Ag Economy Barometer. Jim Mintert, the director of Purdue University’s Center for Commercial Ag, says increased yields are a factor. “In fact, on the soybean side, if you compare it to the three-year average it’s the most positive yield environment…

Why Accrual Accounting Is An Opportunity

Know your true cost of production with accrual accounting Is tax season the only time you know the full cost and revenue of your business? Many agricultural businesses use outdated and inaccurate accounting strategies that don’t give them the full picture of their financial health throughout the year – we’re here to make sure yours…

According To Ag Barometer Lower Taxes Are Possible

Ag Producer Sentiment Turns Higher; Many Expect Lower Taxes By Hoosier Ag Today After trending lower in late 2017, the Purdue/CME Group Ag Economy Barometer turned higher in January. The monthly survey of 400 agricultural producers from across the U.S. indicated that the measure of producer sentiment climbed to 135 points at the beginning of 2018,…

Finding (and Keeping) Agricultural Employees in a Tight Labor Market

As the saying goes, good help is hard to find, and no where is this more true than the modern agriculture industry. The USDA College Graduate Employment Report found 39% of open agricultural jobs can’t be filled by graduating students. That means business owners and managers need to sharpen their skills at attracting and keeping…

Purdue Releases January Results

January 2018 Results Released from Purdue University The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy. On the first Tuesday of each month, the Ag Economy Barometer provides a sense of the agricultural economy’s health with an index value. The index is based on a…

5 steps to make 2018 the best year yet for your business

For many agricultural businesses, winter is a time for catching up from the last growing season and preparing for the next. Start the new year off right with these five steps that will help make 2018 your best year yet: Get your taxes done Don’t put your taxes off till the last minute. With new…

Audio Overview From Ag Barometer Results

At the end of this article, written by Amy Sites in the Brownfield Ag News, an audio interview is shared. FARMERS OPTIMISTIC ABOUT CURRENT CONDITIONS, PESSIMISTIC ABOUT FUTURE An ag economist says a paradox has developed in producer sentiment as farmers are optimistic about current conditions but pessimistic about future expectations. David Widmar says the…

Looking forward and back:

Top ag tech predictions for 2018 and top tips from 2017 The end of the year is a time to look back at what was learned last year and to look ahead to what’s next. What changes did you make this year that saved you time and money? What opportunities are you exploring for next…