Published on February 15, 2021
In the first session on Feb. 15, Joe Lauer, corn agronomy specialist at the University of Wisconsin-Madison, will focus on “Corn Yield Drivers and Profit Robbers in the Northern U.S. Corn Belt.” Profitable corn production is extremely important to Midwest U.S. agriculture. Farmers today face fluctuating prices and rising production costs. They must be well informed about new technologies to maximize yield and profitability.
Published on March 8, 2021
In the session on March 8, MSU Extension weed scientists Christy Sprague and Erin Burns focused on “Weed Control—Effective Options for Tough Weeds at Different Price Points.” Herbicides are the main component of many weed management programs in field crops. To reduce weed control costs, herbicide programs can be changed, although the cost of herbicides is relatively small compared to the economic cost and loss that can be caused by weeds.
Published on March 15, 2021
In this fifth session, Kurt Steinke, MSU Extension field crop soil fertility specialist, and Jon LaPorte, MSU Extension farm management educator, focus on “Crop Fertility Decisions—When Less is More and When Less is Less.” Fertilizer is a critical part of a farm’s ability to reach yield goals and frequently one of the largest inputs in the cost of production. Balancing the pursuit of high yields and achieving farm profitability raises the question of how much fertilizer should be applied each year.
Published on March 22, 2021
In the last session of the series, MSU agricultural economist Matthew Gammans focused on addressing grain price outlook and novel marketing strategies. He first went through the recent March USDA World Agricultural Supply and Demand Estimates report, identifying the current supply and demand pressures driving global commodity markets. He then discussed novel and less conventional marketing approaches including organic, transitional, non-GMO and environmental certification programs, as well as custom contracts with food processors looking to procure grain grown using a specific set of practices.
Published on February 22, 2021
In the second session on Feb. 22, MSU Extension soybean educator Mike Staton focuses on “Improving Soybean Production Income.” The average soybean price for the 2020-2021 marketing year is projected to be $11.15 per bushel. This is welcome news considering the average prices for the previous two years were below the breakeven price for most producers.
Published on March 1, 2021
In this third session on March 1, 2021, MSU Extension wheat specialist Dennis Pennington focuses on "Improving Wheat Production Income." Even though commodity prices have rebounded recently, it is still important to understand your production cost and make management decisions accordingly. Higher prices should not be used as justification to increase input costs. This should be a time where costs are held so that improvement to cash flow can be made and short-term debt can be reduced. Each input should be evaluated from an economic potential, not just as yield potential.