Some Nebraska producers may be feeling a financial crunch and considering some unfamiliar options to manage their debt. For those negotiating a workout agreement with their creditor or creditors to restructure debt under challenging financial circumstances, the author lists several points to consider.
The easiest and least expensive way to improve profitability for many soybean growers in tight economic times, or any time, is to sample fields for soybean cyst nematodes (SCN). In Nebraska trials growers realized an average six-bushel-per-acre soybean yield increase after taking no-cost steps to manage SCN.
Skip-row corn planting offers yield benefits in dryland fields, as documented by several years of University of Nebraska-Lincoln trials. This article, one of two this week looking at skip-row planting corn, offers recommendations for implementing the system in dryland corn production.
Research in Nebraska over a number of years has documented how skip-row corn can offer yield benefits in dryland production systems. Because water in the soil between widely spaced rows cannot be reached by the crop until later in the season, the water is available July and August, when plants are in the silking to blister stages and particularly sensitive to drought stress.
Soil testing and applying only the soil nutrients needed to produce your yield goal can provide a significant savings in fertilizer costs. Nebraska research shows growers can save as much as $52.12/acre for postponing phosphorus, potassium and zinc applications.
In today's tight agricultural economy, a lender may require you to provide additional loan collateral—including land—as a condition for receiving continued operating credit. For example, if your carryover operating debt is $160,000, the lender might suggest moving the loan onto some land, machinery, or other property that is clear of debt.
Land application of manure can create a win-win scenario for your farm by providing valuable crop nutrients while helping build soil organic matter. Learn more about the benefits of replacing commercial fertilizer with manure and how to get the most value when integrating an application into your soil nutrient plan.