-
Jan 21, 2025 | 
m.farms.com | Jonathan LaPorte
By Jonathan LaPorteSelecting the right seed for your farm starts and stops with profitability. You want to select varieties that are adaptable and will maximize yields across all acres. However, the key to profitability is to also consider more than just yields. The economic returns related to seed and harvest costs are equally important.
-
Jan 17, 2025 | 
canr.msu.edu | Jonathan LaPorte
Selecting the right seed for your farm starts and stops with profitability. You want to select varieties that are adaptable and will maximize yields across all acres. However, the key to profitability is to also consider more than just yields. The economic returns related to seed and harvest costs are equally important.
-
Jan 14, 2025 | 
canr.msu.edu | Jonathan LaPorte
Michigan State University Extension and USDA are looking for input on the Beginning Farmer Resource and Decision Making Guide. The Guide is a joint resource being created to provide a pathway to all the resources a new farmer or decision-maker may need to get started and support their production journey. Starting with production in mind, resources will include direction to education and decision-making tools and how to connect with agricultural partners.
-
Dec 4, 2024 | 
m.farms.com | Jonathan LaPorte
By Jonathan LaPorteRunning a farm business involves passion, vision and drive to be successful. These qualities are especially important for new or beginning farm managers as they face a number of challenges early in their careers. Common challenges include knowledge of production, finding land and financing. Recognizing the significance of these challenges, Michigan State University Extension and USDA are working on a joint resource and need your input on its creation.
-
Dec 3, 2024 | 
canr.msu.edu | Jonathan LaPorte
Running a farm business involves passion, vision and drive to be successful. These qualities are especially important for new or beginning farm managers as they face a number of challenges early in their careers. Common challenges include knowledge of production, finding land and financing. Recognizing the significance of these challenges, Michigan State University Extension and USDA are working on a joint resource and need your input on its creation.
-
Nov 7, 2024 | 
canr.msu.edu | Jonathan LaPorte
At the Livestock Insurance webinar program, Wyatt Mohr from Livestock Risk Partners will speak on insurance programs for beef and swine producers. During this session topics will cover how the programs function and how to work with an insurance agent. The session will also review how to develop protection strategies and how to calculate program costs and indemnity payments. Michigan farmers need to manage many risks.
-
Nov 6, 2024 | 
m.farms.com | Jonathan LaPorte
Farms.com Home › NewsBy Jonathan LaPorteLower commodity prices can put a strain on revenues and farm profits, even with record yields. Strained profits are common when input costs are closely tied to farm production and remain relatively higher compared to prices. In those types of years, it’s easy to focus on high costs of fertilizers, fuels or other input needs. But an equally important cost is the rent paid on farmland.
-
Sep 3, 2024 | 
m.farms.com | Jonathan LaPorte
By Jonathan LaPorteThe USDA Farmland Cash Rental Rates document is a listing of cash rental rates by county dating from 2014 to the 2024 year. The information was obtained from the USDA's National Agricultural Statistics Service (NASS) and is based on their county-level survey results. Results contain a mixture of annual and long-term lease agreements. Long-term lease agreements normally have fixed cash rental rates.
-
Aug 30, 2024 | 
canr.msu.edu | Jonathan LaPorte
As fall season approaches, producers across all farms are looking at next year’s profit potential. A key ingredient to a profitable year is determining how much your farm’s nutrient and pest management needs will cost. By factoring in market price trends and local availability, farms can position themselves to minimize fertilizer and chemical costs, creating more farm profits. But positioning input costs requires both understanding price points and knowing the quantities of product needed.
-
Aug 23, 2024 | 
canr.msu.edu | Jonathan LaPorte
Sales of standing forage require an estimate of market price and a method of determining yield, whether forage is sold by the ton or acre, as a starting point for negotiations between the buyer and seller. This article describes a method to help determine a starting point for short-term sales of corn silage; it is not intended to be used for long-term contracts. Corn silage is somewhat tougher to determine a price on in comparison to other forages.
