Northern Ag Network
Northern Ag Network
Northern Broadcasting System    Northern News Network    Northern Sports Network
Search This Site...
Search This Site...

Featured Stories

What’s on Producers Mind’s?

What’s on Producers Mind’s?

4/19/2017 8:30:00 AM/Categories: Popular Posts, Today's Top 5, Livestock, Grains, Wheat, Corn, Grain Markets, National News, International , Ag Issues

SAN CARLOS, California - April 18, 2017: Farmer’s Business Network, Inc., the independent farmer-to-farmer network had released The Voice of the Farmer, a special research report on the state of American agriculture and the challenges facing farmers.  

The Voice of the Farmer (Download Full 72 Page Report) examines the state of modern day farming through a combination of candid interviews with farmers and analysis of millions of acres of real farm yield and thousands of farmer seed and chemical invoices and price records.

What issues are weighing on the minds of farmers in 2017?  What does the data say about the impact of ag industry mergers and farm consolidation on farm profits?

“Independent family farms are the core of our food system, but are too often left out of the most important discussions affecting their livelihoods.” Said FBNSM network Co-Founder & VP of Product, Charles Baron. “We created The Voice of the Farmer to examine the most pressing issues facing farmers and what they mean for their farm incomes and the future of their industry.”

What's on Farmers' Minds and What the Data Says:

·       Farm profits are under pressure. Despite record high yields in 2016, many farmers saw both revenue and profits fall last year as a result of low commodity prices and high input costs.  

·       Ag industry consolidation will likely further hurt farm incomes.  The report analyzed thousands of recent seed and chemical invoices by farmers as well as their related yield results from millions of acres. The analysis found that with market share increases among input manufacturers, come higher prices for farmers in both seed and chemical. Furthermore, yield gains from innovation tapered off as input manufacturers gained market share.   

·       Farm consolidation is putting pressure on independent farmers and is changing the business practices and productivity of operations. We studied the relationship between farm size, price paid for inputs, and yields relative to revenue trends.  Larger farms typically pay less for key inputs and concentrate buying from major seed brands but not major chem brands.  Larger farms also realize lower yields per acre as it becomes harder to optimize each individual field.  

·       Health care coverage and cost is a major concern for farm families. A family of five might pay thousands of dollars for health care premiums, forcing farm families to add off-farm jobs and further pressuring their profits.

·      Technology needs to prove its ROI, but is creating reasons for optimism: With incomes under pressure, farmers are questioning the true ROI of many farm technologies.  Though despite the scrutiny, technology innovations are creating new sources of optimism. 

The full 72 page Voice of the Farmer report includes first of its kind analysis on the impact of consolidation and increasing market share among input manufacturers on the prices farmers pay.  The report draws directly from millions of acres of anonymized precision crop yield records spanning thousands of seeds and their associated prices actually paid by farmers. 

 

For more information on The Voice of the Farmer, contact:

 

info@farmersbusinessnetwork.com 

Picture: flickr

About Farmer’s Business Network, Inc.

Farmer’s Business Network, Inc. is an independent farmer-to-farmer network. Built by and for farmers, the FBN network connects farmers to share information and enable powerful insights to help make the best decisions for farmers’ land and profits. FBN members receive comprehensive farm benchmarking, real world seed performance analysis and field-seed matching, data mapping, and pricing analytics based on over 87 million acre events of real-world precision agronomic data. The FBN Direct platform connects farmers to manufacturer-direct, national, and transparent pricing on ag chemicals, fertilizers, seeds, technology and services.

The FBN network has grown to thousands of farms, from 38 states, across nearly 13 million acres. Farmer’s Business Network, Inc. has offices in San Carlos, California, and a National Operations Center in Sioux Falls, South Dakota.

Farmer’s Business Network, Inc. blends the best of Midwestern agricultural roots and Silicon Valley technology as a completely independent company representing Farmers FirstSM. The Farmer’s Business Network, Inc. mission of democratizing farm information has earned the support of world-class technology investors GV, DBL Partners, Kleiner Perkins Caufield Byers LLP, Bow Capital and Acre Venture Partners. To learn more, visit:

www.farmersbusinessnetwork.com.

©2017 All Rights Reserved, “FBN” and “Farmers Business Network” are registered service marks of Farmer’s Business Network, Inc. FBN Direct is offered by FBNInputs, LLC and is available only in  states where FBN Inputs, LLC is licensed.

 
Print
Tags:

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below
Add comment

Name:
Email:
Subject:
Message:
x

Recent Ag News

Trucking Donations Needed to Move Hay

8/22/2017 5:00:00 AM
The hay lottery organized by the North Dakota Department of Agriculture (NDDA) and North Dakota State University (NDSU) N.D. Agricultural Experiment Station is in need of trucking donations. >> Read More
Article rating: No rating

Brand Inspection and Recording Fees Increase

8/21/2017 12:00:00 PM
The Wyoming Livestock Board would like to announce the signing of the current Chapter 9 rules governing Brand Inspection fees as well as brand recording fees by Governor Matthew Mead.  >> Read More
Article rating: No rating

Important Do's and Don't for Today's Total Eclipse

8/21/2017 5:00:00 AM
On Monday, August 21, 2017, all of North America will be treated to an eclipse of the sun. Anyone within the path of totality can see one of nature’s most awe-inspiring sights - a total solar eclipse. This path, where the moon will completely cover the sun and the sun's tenuous atmosphere - the corona - can be seen, will stretch from Lincoln Beach, Oregon to Charleston, South Carolina. Observers outside this path will still see a partial solar eclipse where the moon covers part of the sun's disk. >> Read More
Article rating: No rating

Management Considerations for Drought Effected Ranchers

8/20/2017 2:57:00 PM

U.S. Department of Agriculture’s Natural Resources Conservation Service (NRCS) provides tips and suggestions on pasture and grazing management for drought effected livestock producers. 

 

>> Read More
Article rating: No rating

Are Land Prices Starting to Drop?

8/18/2017 1:51:00 PM
Farm commodity prices have dropped considerably in recent years, but what have land values done? >> Read More
Article rating: No rating
RSS

Find Articles by Date

«August 2017»
MonTueWedThuFriSatSun
2456
8111213
14181920
21222324252627
28293031123
45678910