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18 Feb 2022
LINCOLN, Neb. (DTN) -- As agriculture and other industries continue to fight supply chain difficulties, the U.S. Department of Justice on Thursday said it was stepping up efforts to monitor for companies that "exploit supply chain disruptions to engage in collusive conduct." The DOJ announcement comes a day after U.S. Secretary of Agriculture Tom V...
18 Feb 2022
One futurist has opined that with the technologies coming to the American farm, managers will need to master the skills of three-dimensional chess to bring it all together. The technologies employed on machinery, the actions performed and the data collected and redeployed will be an operational disrupter -- even a destroyer -- of modern farm busine...
18 Feb 2022
With high crop prices and high input costs (especially this past November/December), understanding how prepaid expenses work is critical. I know many farmers do their own tax planning without realizing "prepaids" might be limited or disallowed. If audited by the IRS, this could be a costly mistake. Let's review what a prepaid is and how it might be...
17 Feb 2022
LINCOLN, Neb. (DTN) -- Biodiesel producers using soybean oil as a feedstock had what one agriculture economist called a "devastating year" in 2021, as the unprecedented high cost of soybean oil far outweighed all-time-high biodiesel prices of $6.42 a gallon. In a new profitability analysis of the industry released on Wednesday, Scott Irwin, Laurenc...
17 Feb 2022
Drought near the poles typically means an absence of rain. Closer to the equator, drought means significantly below-normal rainfall. It can still rain, sometimes moderately so, while drought continues to build. It's a distinction worth noting as we continue to see drought conditions in Argentina and southern Brazil as we shift focus from the early ...