The Ohio corn and soybean harvest is full throttle and, in general, yields are at least fair to good, though prices have plenty of room for improvement.
A great farm is more than just great yields — it is also about the details of balancing the budget. It is often in times of tight margins and low prices that successful farms are forged.
Matt Davis, vice president of agribusiness at Farm Credit Mid-America, has seen plenty of examples of farms that manage those tight margins well, and those that do not. So what are the traits for success?
“It starts with developing a crop production plan that fits the farm — putting together the right crop mix, selecting the right crop inputs, determining the appropriate rates and then applying them at the right time. We also want to know what the market is offering so we can determine our best chance for success and achieving a satisfactory return on investment,” Davis said.… Continue reading