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Marketing and risk management : article

'Grow Your Farm' sessions begin in Eldon

ELDON, Mo. – “Grow Your Farm” sessions for beginning farmers start Saturday, March 10, at the Eldon Career Center. University of Missouri Extension agricultural business specialist Patricia Barrett says the practical seminars and field days give attendees opportunities to learn and network.

10 tips to bulletproof your beef operation

Boost beef farm resilience with expert tips on grazing, hay storage, herd health, and financial strategies to thrive through cycles and drought.

2024 dairy returns might improve

COLUMBIA, Mo. – Prices paid in 2024 for dairy products should be similar to 2023, while net returns may be better, according to University of Missouri Extension economist Scott Brown. Brown told attendees at the 2024 Missouri Dairy Expo that average weather and feed costs will be key factors for…

A No. 2 pencil is a beef producer's best tool

COLUMBIA, Mo. – One of the most important tools for livestock producers is a sharp No. 2 pencil.

Adding value to farm commodities can ease supply chain strain

COLUMBIA, Mo. – For two years, shoppers have seen how supply chain problems can shock the food system. Initially triggered by the pandemic, these problems have persisted due to labor shortages, transportation bottlenecks and now international conflict.

Ag lenders seminars offer practical insights for the year ahead

Agricultural lenders across Missouri are invited to attend the 2025 Agricultural Lenders Seminar series, which is designed to equip professionals with essential updates for the 2026 growing season. The series looks at commodity markets, production costs, farmland values and region-specific topics…

Are there opportunities to cut fertilizer costs in 2025?

Farmers may save on fertilizer in 2025 by reducing phosphorus, potassium, or lime on medium- to high-testing soils without lowering yields.

Beef producers: 'Get your house in order' in 2023

KIRKSVILLE, Mo. – Beef producers should approach 2023 with cautious optimism – matched with resolutions of good management and investment in infrastructure, says University of Missouri Extension agriculture business specialist Wesley Tucker.

Big meat supplies press prices, but consumer demand stays up

COLUMBIA, Mo. – Growing supplies of meat and dairy products apply pressure on farm prices through 2017 into 2019. With big supplies, strong consumer demand brings good news for producers.The offsetting result can be prices near or above last year’s prices.

Calculating winter feed costs for beef cows

Estimate winter feed costs for beef cows based on hay quality and calving season to optimize expenses and ensure proper nutrition.

Can Missouri livestock producers outlast the drought?

Missouri livestock producers face drought challenges and must adjust herd sizes and feed strategies to stay profitable.

Celebrate Pork Month by considering value-added production

COLUMBIA, Mo. – The average Missourian eats 63 pounds of pork each year.

Check with your crop insurance agent before you cut

Consult your insurance agent before cutting or grazing crops to protect coverage and avoid losing potential claims.

Chicken-wing demand helps farm prices; turkeys don’t share consumer taste shift

COLUMBIA, Mo. – Chicken wings helped poultry farm prices take off this year. Wing prices ran at least 30 percent above year-ago levels since late May, say University of Missouri Extension economists.Thighs and legs also sold well above a year ago. Dark meat leads demand, say Scott Brown and Daniel…

Consider feeding pigs to higher weights when feed costs and hog prices go up

COLUMBIA, Mo. – When feed prices go up, swine producers usually see profits go down. That’s not the case in 2021.This gives producers an opportunity to look at feeding to heavier weights despite higher feed costs, says University of Missouri Extension swine nutritionist Marcia Shannon.

Cover crops could reduce PPL acres in wet springs

Planting cover crops can cut prevent-plant acres in wet springs, lowering federal crop insurance losses.

COVID-19 fears plague cattle market

With cattle markets falling, livestock specialist Zac Erwin with MU Extension in Adair County discusses some feed options to hold cattle longer in this video on the Missouri Livestock Symposium Facebook page.

Dairy farmers gain margin protection before new farm bill passes Congress

COLUMBIA, Mo. – A new milk price safety net for dairy producers is in place. To take part farmers must rush to their local USDA farm service center.Milk producers must sign up for the first time or re-enroll by June 1, say University of Missouri Extension dairy economists.

Dairy producers should plan for lower demand

Dairy farmers face lower milk demand as COVID-19 disrupts markets. Strategies include culling cows, reducing feed costs, and adjusting production.

Data-driven insights for harvest timing

The MU Extension publication “Days Suitable for Fieldwork in Missouri” can help farmers plan with confidence. It draws on 20 years of weather data to show weekly averages of days suitable for fieldwork. It also includes formulas to estimate how much acreage can be covered per day and size equipment…

Dicamba injury and insurance

Dicamba can harm neighboring plants, leading to third-party injury claims involving business liability insurance plans.

Drought cuts pasture growth, farmers face culling cow herds

COLUMBIA, Mo. – In dry weather with short pastures, Missouri cow-herd owners face tough culling decisions. One way to match cows’ needs to available grass is to sell cows.

Drought meetings offered in SW Missouri Aug. 4

Attend free SW Missouri meetings Aug. 4 for cattle producers on drought survival, hay management, and feeding strategies.

Drought tops questions called to MU Extension

COLUMBIA, Mo. – Extension agronomist talk was calm on the weekly teleconference. Few problems discussed on bugs, weeds, fungus or other pests. Then the weather hit the fan. Reports from across Missouri told of farmers’ concerns about lack of rain.

Elevate your farmers market success

COLUMBIA, Mo. – In celebration of National Farmers Market Week, Aug. 4-10, University of Missouri Extension has resources to help improve your local food systems awareness and polish your farmers market presence. Learn about local food systems

Farm bill programs to keep or revise drew talks at MU Farm Bill Summit

COLUMBIA, Mo. – Farm bill programs received fresh looks and reality checks during daylong discussions at a Missouri Farm Bill Summit, Oct. 18 at University of Missouri Bradford Farm.

Farm liability insurance: Do you have enough coverage?

BLUE SPRINGS, Mo. — Farm owners should periodically review the coverage limits on their liability insurance, says a University of Missouri Extension agriculture business specialist.

Farmers, ranchers share e-commerce success stories

Farmers and ranchers discuss their success with e-commerce, sharing insights on platforms and strategies to expand their businesses in the digital marketplace.

Free MU tool can help plan for flooding, other risks

Free online tool helps landowners plan for flooding and other risks to protect property and resources.

Free workshops help beekeepers safeguard losses

ST. CHARLES, Mo. – University of Missouri Extension workshops will help beekeepers learn how to leverage USDA insurance, disaster assistance and tax exemption to strengthen their businesses.

Greater marketing prospects, premium value for Missouri-produced heifers

University of Missouri Extension’s Show-Me-Select (SMS) Replacement Heifer Program offers increased marketing prospects and premium value, according to an analysis by Thiago Martins, state extension beef reproduction specialist, and Adauto Rocha Junior, assistant extension professor of agricultural…

Heroes to Hives and other MU Extension programs help veterans

Programs train veterans in beekeeping and farming while connecting them with peers and new career opportunities.

Hog farmers defy supply and demand; price outlook stays above expectation

COLUMBIA, Mo. – This year, hog farmers dodged lower prices when they expanded sow herds and grew the second-largest pork supply since 2008.Prices stayed above expectation, say University of Missouri Extension economists. Growing exports and consumers’ love for bacon helped demand for growing supply.

Intel for Ag helps sow seeds for business success

Free online tools help farmers assess land, markets and resources to start or grow successful agricultural businesses.

It pays to know what your farm liability insurance covers

COLUMBIA, Mo. – Without regular policy checks, farm liability insurance might be like a hospital gown – not enough coverage where you need it most.

Leases help landowners and tenants know expectations

HANNIBAL, Mo. – University of Missouri Extension agribusiness specialist Karisha Devlin urged northeastern Missouri agriculture lenders to encourage written agreements between landowners and renters during a recent agricultural lender seminar at Fiddlestiks restaurant in Hannibal.

Make a plan when marketing this year's grain crop

COLUMBIA, Mo. – “If you fail to plan, you are planning to fail.” Crop farmers should take this adage to heart when marketing their grain, advises University of Missouri Extension agricultural economist Martyn Foreman. 

Make the most from late-planted soybean

COLUMBIA, Mo. – Soggy fields, low soil temperatures and 16 cloudy days in May delayed soybean planting in Missouri.

Managing potassium and phosphorus when prices are high

COLUMBIA, Mo. – Farmers understand fertilizer prices fluctuate with time.

Marketing matters in direct-to-consumer beef sales

FORSYTH, Mo. – Selling beef directly from the farm to consumers gained significant popularity during the COVID-19 pandemic.

Missouri 2025 Ag Outlook shows road ahead

Missouri agriculture faces mixed 2025 prospects as crop and livestock trends shift, impacting farm income and strategic planning.

Missouri farm income saw large increase in 2020 despite pandemic

Missouri's 2020 net farm income hit $3.4B, matching 2014's record, fueled by strong government payments and a late-year commodity price rebound.

Missouri farm income to set new records in 2022

COLUMBIA, Mo. – Missouri farm income appears on pace for another record year, according to John Kruse, associate research and extension professor in agricultural and applied economics at the University of Missouri.

More than 90% of state in drought as harvest nears

As harvest nears, MU Extension agronomists see signs of flash drought threatening Missouri crop yields. The U.S. Drought Monitor map for Missouri released on Sept. 4 shows that 93.68% of Missouri is at least abnormally dry following an unusually wet spring.

MU Extension guide helps farmers with replant decisions

COLUMBIA, Mo. – Challenging weather has forced Missouri farmers to make difficult decisions on whether to replant crops because of sparse stands or delayed planting.

MU Extension offers tips for negotiating new farmland leases

COLUMBIA, Mo. – Renters and property owners are negotiating new farmland leases in response to lower farm commodity prices, says University of Missouri Extension agriculture business specialist Joe Koenen.

MU guide looks at reconsidering silage pricing

COLUMBIA, Mo. – Drought throughout much of Missouri has renewed interest in how to price silage. An updated University of Missouri Extension publication looks at silage costs and revenues.

MU RaFF releases policy brief on changes to Federal Milk Marketing Orders

COLUMBIA, Mo. – A new policy brief by the University of Missouri Rural and Farm Finance Policy Analysis Center (RaFF) weighs in on changes to the Federal Milk Marketing Orders (FMMOs).

MU releases payment plan decision tool for corn, soybean, wheat

Free tool helps farmers compare PLC and ARC-CO program payments for corn, soybean, and wheat in 2025.

MU tool helps farmers decide on pasture insurance

Use an online tool to see if pasture insurance fits your farm based on daily rainfall and coverage options.

New MU guide looks at silage breakeven price

COLUMBIA, Mo. – University of Missouri Extension recently released an updated cost analyzer to help farmers estimate the breakeven price to justify harvesting corn as silage rather than grain.

New resources help small businesses leverage social media

Free downloadable guides help small business owners build strategy, create content, choose platforms and drive results through social media.

Planting progress shifts in warmer, drier weather

COLUMBIA, Mo. – Warmer and drier weather is expected to help farmers make solid planting progress this week.

Prepare for disease outbreaks in livestock operations with written plan

COLUMBIA, Mo. – A written plan to respond to disease outbreaks for your livestock operation is like insurance. You hope you never need it. You may never need it. But if there is an outbreak, the economic survival of your livestock operation might depend on having that plan.

Professional liability insurance

Perhaps the best-known type of professional liability insurance is malpractice insurance carried by medical professionals. Professional liability insurance carried by other professionals, such as accountants and architects, is frequently called errors and omissions insurance.

Records set at SW Missouri Show-Me-Select heifer sale

Record prices set at the SW Missouri Show-Me-Select heifer sale with high averages and strong buyer demand.

Replant or roll with it? MU guide weighs costs, payoffs

COLUMBIA, Mo. – When faced with a sparse or failed stand, crop producers have to ask themselves a difficult question: Should I replant?

Short forage supplies require producers to make tough decisions

COLUMBIA, Mo. – Dry weather and short pastures have reduced forage supplies, prompting livestock producers to ponder “could have, would have, should have” scenarios, says University of Missouri Extension livestock specialist Eric Meusch.

Strong bull sale in Springfield

Springfield's bull sale achieved strong prices, with 26 bulls averaging $5,458 each, highlighting a robust cattle market.

SW Missouri Show-Me-Select sale sets new records

STOCKTON, Mo. – “People are enjoying high cattle prices, and the 57th Southwest Missouri Show-Me-Select Replacement Heifer Program sale on May 16 at Joplin Regional Stockyards near Carthage was no different,” says Patrick Davis, University of Missouri Extension livestock field specialist.

Taste feeds growing demand for beef, says MU economist

COLUMBIA, Mo. – Livestock owners increasing their herds must grow demand for meat. Current herd size expands meat supplies and domestic meat consumption to record levels.With more supply, expect lower prices, University of Missouri economist Scott Brown told the Womack Agricultural Outlook…

Third-party injury and federal crop insurance

Multi-peril crop insurance is overseen by the U.S. Department of Agriculture Risk Management Agencies. For row crop producers, the most common multi-peril crop policies purchased are revenue protection and yield protection.

Tightening profit margins means farmers must control costs

COLUMBIA, Mo. – Higher production costs and lower commodity prices mean farmers must control costs more carefully than ever, says University of Missouri Extension agricultural economist Ray Massey.

To stretch short hay supply, 'feed less, need less'

COLUMBIA, Mo. – As winter feeding season continues with a forecast of Arctic weather in February, cow herd owners face dwindling hay supplies.Eric Bailey, University of Missouri beef nutritionist, gives the short answer: “Feed less, need less.”In practice, that takes management decisions and…

Tough culling decisions come with drought, forage shortages

COLUMBIA, Mo. – With dry weather and short pastures, Missouri cow-herd owners face tough culling decisions. One way to match cows’ needs to available grass is to sell cows.

What is the cost of baling wheat straw?

Learn how to calculate the cost of baling wheat straw by weighing nutrient value, soil impacts, baling charges, and profit margins for fair pricing.

Wheatlage or grain? New decision tool helps find the 'sweet spot'

New tool helps farmers decide if harvesting wheat for silage or grain gives the best value based on yield and costs.

Yellow corn leaves indicate loss of nitrogen

COLUMBIA, Mo. – The yellow leaves on corn plants means one thing. Nitrogen fertilizer applied last fall or early this spring is gone. It washed deep into the soil, beyond reach of the young roots.
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