Several things need to be considered when deciding what value to place on standing forage. Forage prices reflect current inventories, demand, expected current season production and associated yield risk, and quality characteristics.
The labor department says the new temporary pandemic assistance will be administered like the Disaster Unemployment Assistance Program. So, one can expect that farmers will be eligible under the Pandemic Unemployment Assistance Program.
Creating an inventory of your property can make settling insurance claims a little less daunting, particularly when faced with the whole-house devastation of a flood, tornado, or other natural disaster. Here's how to start your inventory.
Farmers affected by early spring flooding likely have increased yield risk from changed soil characteristics, excess moisture, or late planting and may want to consider adjusting their plans for 2019 grain sales.
This article provides guidance on adjusting rental rates for flood-damaged cropland with different lease characteristics, including having that important landlord-tenant discussion this spring before planting.
Try this three-step method to develop a crop income projection for 2019 based on average yield estimates, commodity price projections, and direct cost and overhead. The 2019 crop production budgets can be used as a guide.