Jessica Groskopf - Extension Educator for Agricultural Economics
August 17, 2017
The big surprise in the markets last week was the USDA World Agriculture Supply and Demand Estimate (WASDE). The report projected U.S. average soybean yield 3.1 bushels per acre above the trend line at 49.6 bushels per acre. What can this mean for marketing your old crop soybeans or pricing this year's crop?
August 16, 2017
A new interactive, online tool can help you better understand and monitor local elevator basis levels and trends for corn, soybean, and wheat, which may help you garner a higher cash price for your grain.
August 2, 2017
Some farm leases are not written, but are verbal or "handshake" agreements, the details of which may be remembered differently by both parties. This article addresses the deadline for giving termination notice for crop land leases (Sept. 1), how the requirements differ for crop and pasture lands, and links to sample written leases.
July 18, 2017
Mid- to late-summer price expectations and marketing strategies for old crop and new crop soybeans in light of the August WASDE report.
July 11, 2017
When developing a post-harvest marketing plan, your objective should be to obtain a higher price than the cash price offered at harvest. This article discusses five strategies to post-harvest market winter wheat.
May 23, 2017
Learning how to use tags in Quicken can help you quickly capture various types of transactions and generate a picture of spending and income for categories important to your decision-making needs.
May 3, 2017
Looking for ways to trim or customize your farm financial records in Quicken? Here are five steps to improve your financial record keeping experience for 2017.
April 12, 2017
Marketing grain in the bin can take a backseat to field work this time of year; however, given the current market, those with grain in storage need to be vigilant to changes in futures price, adjustments in basis, and accumulating storage expenses. Examples of stored corn and soybean at two Nebraska sites illustrate how storage costs can add up over time.