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NOVEMBER 2008

The Iowa Soybean Review has spent the last 20 years keeping Iowa soybean farmers informed on issues affecting the profitability of their industry. This proud tradition continues in this issue with a special section on risk management contributed by Moe Russell, of Russell Consulting Group, as well as an insert looking back on 20 years of serving Iowa’s soybean farmers with this publication.

 
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Tighten Your Nitrogen Management For Better Yields With Fewer Losses
The more we know about how nitrogen (N) reacts in the soil and is taken up by plants, the more difficult it is to make the right decisions about managing
N fertilizer. “We know that in most Iowa soils, there is sufficient N in the organic matter within the soil to produce very high corn yields,” says Tracy Blackmer, director of research for the Iowa Soybean Association On-Farm Network®.

Choose Wisely When Making Soil Fertility Decisions
With record high input costs and falling crop prices, growers want to manage costs. Because fertilizer accounts for a great share of expenses, many are considering holding off on fertilizer purchases in hope of falling prices. Others are planning to cut back on the amount of fertilizer they apply.

Better Marketing Decisions With Less Emotion
November 2008 soybeans reached $16.35 on July 3 and dropped to $11.74 by Aug. 8. If these figures are any indication of the volatility to come, we are in for a wild ride.

Managing Input Costs

Managing input costs is a real challenge, and it appears all costs are increasing for 2009.

Risks Associated With Prepaying Inputs
ith 2008 having the potential of being one of the best income years in production agriculture, many are looking at large taxable incomes.

Exchange Rates
Nearly every commodity in nearly every commodity group has increased in price dramatically
since 2006.

Credit Needs Have Inreased Dramatically

In many of the risk management plans we have done in 2008, we see projected profit per acre of $150 to $250.

How Much Crop Insurance Do I Need?
rop insurance has not changed dramatically in the types of polices and coverage available, but the dollars you need to insure and the premium
costs have.

Row By Row

Narrow Row Soybeans Mean More Money And Less Risk


November 2008 - All Features - 752KB
   
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