Kent Thiesse
By Kent Thiesse, Farm Management AnalystMarch 27, 2024Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm operators to provide some or all of their machinery resources for their farm operation. This is especially true with new and younger farm operators, as well as with children that decide to start farming with their parents. In addition, some land investors are choosing to…- By Kent Thiesse, Farm Management AnalystDecember 20, 2023At the end of every year, various publications, websites, etc. have their Top 10 or Top 5 list for that year. In this issue I am highlighting my “Top 5 Ag Topics” for 2023, based on issues that were discussed in the columns throughout the year. Lower grain prices and tighter profit margins in 2023 Grain marketing decisions will have a big impact on profit levels for farmers in 2023. The “…
By Kent Thiesse, Farm Management AnalystJuly 11, 2023The weekly U.S. Drought Monitor released the week of July 4 showed slight improvement in drought conditions across some of the primary corn and soybean production areas of the Midwest. The percentage of corn and soybeans considered in drought conditions both improved by 3 percent from a week earlier, due to significant rainfall in the first few days of July. Rain fell in a line from southeast…
By Kent Thiesse, Farm Management AnalystJanuary 03, 2023At the end of every year, various publications, websites, etc. have their “Top 10” or “Top 5” list for that year. In this issue of “Focus on Ag,” I am highlighting my “Top 5 Ag Topics” for 2022, based on issues that were discussed in the columns throughout the year. Following are my “Top 5 Ag Topics” for 2022. Strong U.S. net farm income levels continue in 2022 Based on the data in the latest “…
By Kent Thiesse, Farm Management AnalystMay 11, 2021The University of Minnesota recently reported that the median net farm income for southern and western Minnesota farmers in 2020 was $102,848. It’s the highest since 2012, which was followed by seven years (2013-2019) of poor income levels in the region. The 2020 net farm income levels in that region were enhanced by robust crop profits that resulted from above-average crop yields, improved grain…
By Kent Thiesse, Farm Management AnalystDecember 28, 2020Based on the data in the latest 2020 Farm Income Forecast released by the USDA Economic Research Service (ERS) in early December, U.S. net farm income is expected to increase by $36 billion or 43 percent above 2019 levels. The 2020 net farm income is now estimated at $119 billion, which would be the highest inflation-adjusted net farm income since 2013 and is 32 percent above the 20-year (2000-…
By Kent Thiesse, Farm Management AnalystAugust 18, 2020The August 12 USDA Crop Report projected a record U.S. corn yield and record production in 2020, as well as a record 2020 soybean yield and the second highest U.S. soybean production level in history. The yield and production projections were based on conditions as of Aug. 1. Normally the record crop yields and high production levels would be quite “bearish” on grain markets following the report…
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