On this week's Market Journal,view segments on soybean production strategies in a tight-margin year; the Nebraska On-Farm Research Network result meetings; grazing cover crops; the farm income forecast and market analysis; and the forecast for the coming week.
When can you save money on pesticides? Research in Nebraska and elsewhere indicates that often generic pesticides may offer similar control at lower prices than brand name products. There may be other reasons for using brand names, which are addressed in the article.
Parents co-signing loans for their children is common in agriculture. Traditionally, it has happened when a younger producer needs a loan for major purchases such as land, livestock, or farm equipment. Given current low crop prices and thin operating margins, parents also may be asked to guarantee payment of a child's debt when the younger producer is having difficulty repaying a loan. While no one wants to see a financial loss for their children, parents need to carefully consider the potential for losing a significant amount of their savings before signing on the bottom line.
Nebraska soybean producers are being asked to answer a survey about their soybean fields and contribute to a benchmark study of current soybean production in Nebraska. Researchers from 10 north central states, including Nebraska, are collecting the data to identify factors that may be impeding growers from reaching full yield. See what they've learned in the first two years of the study and how they hope to use the information.
Results from more than 70 on-farm research projects conducted in Nebraska in 2016 will be shared at meetings scheduled for five Nebraska sites. These research projects cover products, practices, and new technologies that impact farm productivity and profitability.
Bryon Chvatal of Prague has been conducting trials through the Nebraska On-Farm Research Network for the last 10-12 years, each season taking 40-80 acres to test a practice, product or machinery change. He farms a “mostly dryland,” no-till corn-soybean rotation.