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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.

Are there opportunities to cut fertilizer costs in 2025?

COLUMBIA, Mo. – University of Missouri Extension economist Ben Brown and others predict 2025 corn prices will drop below $4.50 per bushel.

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?

COLUMBIA, Mo. – It’s pretty simple math: Too little grass + too many cows = too little cash.

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

This is part of an MU Extension series to help row crop and livestock producers manage drought.COLUMBIA, Mo. – University of Missouri Extension agricultural economists recommend that you check with your crop insurance agent before cutting or grazing drought-damaged crops as relief forages.

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

COLUMBIA, Mo. – A newly released study shows that planting cover crops and reduced tillage could substantially lower the number of prevent plant (PPL) acres and subsequent federal crop insurance payments.

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

COLUMBIA, Mo. – Dairy farmers may need a plan to offset production costs as demand for milk products drops due to COVID-19, say dairy specialist Stacey Hamilton and veterinarian Scott Poock of University of Missouri Extension.

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

GALENA, Mo. – Poor forage stands carried over from last year’s drought, lower hay yields, less fertilizer used and a drought again for 2023 have created major uncertainty in the Missouri beef industry.

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.

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

POTOSI, Mo. – Beginning farmer and 25-year Army veteran Eric Work’s calendar is full of educational programs offered by University of Missouri Extension.

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

COLUMBIA, Mo. – University of Missouri Extension has developed a free online platform to help beginning and established producers start or grow their agriculture ventures.

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

COLUMBIA, Mo. – University of Missouri experts have released the Show-Me 2025 Missouri Agricultural Outlook, which shows a mixed outlook for Missouri’s crops and livestock and the challenges and opportunities ahead.

Missouri farm income saw large increase in 2020 despite pandemic

COLUMBIA, Mo. – Large government payments helped 2020 Missouri net farm income match or exceed the 2014 record of $3.4 billion, according to Abigail Meffert, senior research associate with the University of Missouri Food and Agricultural Policy Research Institute (FAPRI).

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.

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 hosts webinar to help farmers markets confront COVID-19 challenges

University of Missouri hosts a webinar to assist farmers markets in addressing COVID-19 challenges, featuring innovative strategies from three Missouri markets.

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

COLUMBIA, Mo. – As the deadline approaches for growers to select between USDA safety net programs, University of Missouri’s Rural and Farm Finance Policy Analysis Center has developed a tool to help growers decide which plans to choose for their major crops.

MU tool helps farmers decide on pasture insurance

COLUMBIA, Mo.–Is pasture insurance right for your farm? The answer could be yes, no or maybe.University of Missouri Extension recently launched an online tool that can help farmers decide if purchasing pasture, range and forage (PRF) insurance makes sense for their operation.

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

COLUMBIA, Mo.—Social media has changed how consumers connect with brands, but small business owners may find it a challenge to use social media to grow their business, says TaylorAnn Washburn of University of Missouri Extension.

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

STOCKTON, Mo. – “Record prices were seen at the southwest Missouri Show-Me-Select Replacement Heifer Program sale at Joplin Regional Stockyards on May 17,” says Patrick Davis, University of Missouri Extension livestock field specialist.

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.

St. Louis workshop will help small food, farm businesses market with purpose

To help St. Louis area food and farm entrepreneurs market their businesses, MU Extension will host “Marketing With Purpose To Build Sales and Loyalty,” a free hands-on workshop, 5-7 p.m. Thursday, July 24, at the St. Louis metro area MU Extension center.

Strong bull sale in Springfield

STOCKTON, Mo. – “There was a strong showing at the 104th Southwest Missouri All Breeds Performance Test Bull Sale on Oct. 28 at the Springfield Livestock Marketing Center in Springfield,” says Patrick Davis, University of Missouri Extension livestock field specialist. Thirty-two bulls sold for an…

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?

This is part of an MU Extension series to help row crop and livestock producers with drought.COLUMBIA, Mo. – With Missouri forage supplies in short supply due to drought, some livestock producers are looking at wheat straw as feedstuff, despite its poor nutrient quality.

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

COLUMBIA, Mo. – A new tool helps farmers decide the breakeven price for wheatlage compared to harvesting their wheat as grain.

Women in Livestock: Smarter marketing with AI

University of Missouri Extension’s Pearls of Production program is hosting a webinar series for women livestock producers across the state. The next session, 7 p.m. Tuesday, June 24, will include a hands-on demo and practical discussion on using artificial intelligence tools to build content…

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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