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Showing posts from April, 2017

June Women in Ag Network Event Announced!

by Betty Berning
Extension Educator

Women in Agriculture Network (WAGN) will be hosting a farm transition and estate planning program, "Where Do I Begin?", as its next quarterly seminar.
The event takes place June 6, 2017 at the Halstad Legion Recreation Center (580 2nd Ave. West, Halstad, MN 56548).  Registration is at 9AM with the program running from 9:30AM-3:30PM.  The fee is $20, which covers the cost of lunch.  Payment can be made the day of event.
"Many farm families struggle with beginning the process of transitioning the family business to the next generation," shares Gary Hachfeld, Extension Educator. "The process takes communication, trust, and respect as a foundation to begin the task. The 'Farm Business Transition: Where Do I Begin' program addresses many of these items. Program participants will be introduced to ideas, concepts, and tools they can use to help them get started with the process."
Participants will learn about different comm…

2016 Southern Minnesota Corn and Soybean Results

By David Bau, Extension Educator

The 2016 FINBIN data base was recently updated with 2016 figures from farmers in Adult Farm Management programs across Minnesota. There were 974 corn farmers in the data base in 2016 in southern Minnesota and 868 soybean farmers. Average gross revenue for Southern Minnesota corn farmers declined from $731.20 in 2015 to $699.91 in 2016 while input costs averaged $753.76 in 2016 compared to $788.59 in 2015. Indicating the net return per acre improved from a loss of $57.39 in 2015 to a loss of $53.76 per acre. The average southern Minnesota corn farmer has lost money since 2014.

Average gross revenue for Southern Minnesota soybean farmers increased to $587.12 in 2016 from $522.28 in 2015 while input costs averaged $503.03 in 2016 compared to $519.07 in 2015. Indicating the net return per acre improved from $3.21 in 2015 to $84.09 per acre in 2016. These average net incomes were negative for 2014 and 2015.

There were records yields in 2015 and again in 20…