By Eric Snodgrass
Production agriculture is a risky business. We plan for the best each year, but adverse weather conditions can turn a well-designed plan into a disaster in moments. Can we weather proof our crops? What are the best weather resources, and how do we find them and use them?
Borrower: Soybean Seed Processor
Lender: Iowa-Based Community Lender
Vital Financial Services
Editor’s note: This article is reprinted with permission from the website of VITAL Financial Services, experts in underwriting, closing and servicing SBA and USDA loans. For more information, visit www.vitalfs.com.
By Bill Poquette, Editor-in-Chief
Tom Jensen is senior vice president, ag lending at First National Bank of Omaha, which is ranked as the 10th-largest U.S. ag lender with markets in Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota and Texas. In mid-September, Ag Banking Editor-in-Chief Bill Poquette visited with him about the beef segment of the agricultural economy. The following is based on that conversation, edited for length and clarity. He is a board member of CattleFax and relied on research from their information and analysis service for his comments.
Capital and labor market access, plus cost economies are key drivers.
By Michael Langemeier and Michael Boehlje
The production agricultural sector has historically been much more fragmented than other stages of the food and agricultural industry, but it has been transitioning for decades from modest size, independent businesses to increasingly larger-scale businesses that are more tightly aligned across the value chain. This article examines the key drivers that are likely to influence further consolidation and structural change in the next few years.
November 6 — Agricultural producer sentiment rebounded in October, according to the Purdue University/CME Group Ag Economy Barometer. The October barometer reading of 136 was 22 points higher than September, which was the lowest reading for the survey since 2016. The barometer is based on a survey of 400 agricultural producers from across the country.