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Soybean seed drill planting soybeans. Courtesy: Soybean Checkoff [CC BY 2.0].

Improve Soybean Profitability by Reducing Input Costs

While declining prices and increasing costs considerably reduce profit for soybean production, there are certain input costs that might be reduced to increase profitability.

Financial Record Keeping Software: A comparison of Quicken and QuickBooks

As fall nears many producers are beginning to gather their records to prepare for taxes. From these records many important operating decisions are made. Agriculture producers often use computer software to keep financial records. While there are software packages tailored for farm and ranch businesses, many producers successfully use general commercial software such as Quicken® or QuickBooks®. Both products can be useful for an agricultural producer’s record keeping. The question which often arises from producers is, “which one do I need”?

Winter wheat emerging from a planted field.

Starter Fertilizer in Winter Wheat

Winter wheat planting season is soon at hand. Questions often abound on the issue of fertilization rates, timing and placement. Over the years, a lot of research has focused on starter fertilizers or split-applying nitrogen (N) and other nutrients. In general, phosphorus placed with the seed has been shown to increase tillering and total grain yield. Nitrogen is more uncertain, due to the possibility of salt burn and the associated yield losses.

Soybean Production: Cost-effective pest management practices

Chemicals were one of the most expensive individual costs in soybean production, behind only to seed in the non-land cost category. The average cash-rent soybean production farms incurred a crop chemical cost of $39/ac in 2015, an 88% increase from 2010.