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Today, many producers are looking to reduce costs and improve profits on their operations. An area often overlooked is the cost of raising replacement heifers.
This project was undertaken starting in 2009 in an effort to seek better varieties that will sustain yields and perhaps even thrive when grown under saline conditions. Salinity is a major challenge for alfalfa growers in irrigated regions and even in many non-irrigated regions.
On the surface, agricultural profitability looks dismal for 2019 – corn and especially soybean prices are down; milk price is low; and while beef prices look steady from 2018, supply is high.
I have been in this business for over 50 years and, other than the mid-’80s, when land (due to an agricultural economic financial crisis) had to be sold through foreclosure, most land sells because multiple family members have inherited the land and, due to various reasons, opt to sell the farm.
In a white paper co-authored by HighQuest Partners and Julie Koeninger (2017), the authors summarize in their opening sentence, “Over the past three decades, farmland investing has grown exponentially from a ‘niche’ investment dominated by a few large pension plans and insurance companies to a mainstream institutional real asset class that increasingly can be accessed by retail-oriented investors.”
Producers throughout the Southeast feed hay and other stored feedstuffs during the fall, winter and early spring due to limited forage availability and lower forage quality.
This fall and winter has been very wet across most of the eastern U.S. In some areas, fields have been wet since August. In years like this, normal plans for dealing with mud may not be enough.
