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Alfalfa hay is the bread and butter of Alturas Ranches in northeast California – but what’s made the ranch a stalwart in the California hay industry might be a mindset bent on continual improvement.
Matt Mills had his neighbors scratching their heads, saying, “What in the world is he doing?”
There were soybeans growing in between the rows of corn. It looked like a mistake. What happened? Well, it wasn’t a mistake; that’s exactly what Mills intended to do.
Kinze Manufacturing launched its new 4700 planter model at the 2019 National Farm Machinery Show at the Kentucky Exposition Center in Louisville, Kentucky.
Alfalfa farmers who have purchased alfalfa seed from participating marketers have provided funding for eight new Alfalfa Checkoff research projects. The U.S. Alfalfa Farmer Research Initiative (USAFRI), better known as the Alfalfa Checkoff, recently awarded the fourth round of funding to projects submitted by researchers from a diverse collection of geographic areas of the country.
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.”
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