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Hiring vs. doing it yourself: 2025 Idaho custom rates survey results

The University of Idaho Extension's 2025 Custom Rates Survey helps farmers compare costs of doing farm work themselves versus hiring custom operators, including results for the most-asked-about categories: tillage, seeding and hay operations.
April 16, 2025
Colby Field, Pat Hatzenbuehler, and Brett Wilder

The University of Idaho Extension's 2025 Custom Rates Survey helps farmers compare costs of doing farm work themselves versus hiring custom operators.



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Are you intentional with your farm business in these areas?

Unity, drive, talent, grit, asset growth and future planning are key areas to focus on to sustain the family business through the next generation.
March 13, 2025
Tim Schaefer

Sustainability is a buzzword we often hear, but what about the sustainability of the family farm? What does it take for a farm to sustain itself generation after generation? Why does it seem so hard?


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Interest rate outlook for 2025 – higher for longer

The Federal Reserve reduced rates by 1% in late 2024 but paused further cuts due to inflation concerns. Long-term interest rates have risen, driven by higher term premiums, economic risks and inflation expectations. Analysts are divided on whether the Fed will resume cuts or hike rates in 2025.
February 6, 2025
Doug Robison

Long-term interest rates, as measured by the 10-year U.S. Treasury, have a strong correlation with the federal funds rate. As a result, long-term interest rates are likely to remain higher until economic risks to the outlook clear and/or the Fed resumes interest rate cuts in the second half of the year.


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The secret sauce of successful farms

Common characteristics among top-tier farms include having a shared vision and set of values, staying focused on goals, practicing accountability, avoiding procrastination, building trust within their team and effectively managing data to make management decisions.
January 1, 2025
Tim Schaefer

Sometimes, we look at neighboring farms that seem to have a “secret sauce” to their success. But just like great barbecue, there are no shortcuts and no single secret sauce recipe. Success on these top-tier farms is a series of repeatable elements that work together.


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Fertilizer prices stabilize in 2024, but uncertainty continues

Fertilizer prices stabilized in 2024 after steep declines in 2023 but remained higher than pre-pandemic levels, influenced by global supply, demand and geopolitical factors.
December 23, 2024
Xiaoli Etienne and Qi Zhang

Following the historical high prices of 2021 and 2022, fertilizer prices significantly declined in 2023 as supply chain disruptions eased. This trend largely continued into 2024. While prices have stabilized, they remain elevated compared to pre-pandemic levels.


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Farm budgeting: From planning to profit

A comprehensive farm budget helps manage income, expenses and financial performance, ensuring long-term stability and resilience against unexpected challenges in agriculture.
December 13, 2024
Miguel Villafana

Regardless of how long you’ve been farming, your key goals include long-term financial success and stability. Achieving these goals will be easier if you create a comprehensive budget that enables you to plan your finances, manage risk and track profitability.


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Filling the labor gap with H-2A

The H-2A program is becoming essential for Western agriculture, providing a reliable seasonal workforce for tasks like pruning and harvesting, especially as domestic labor shortages persist in the industry.
November 26, 2024
Julia McCarthy

The first three quarters of 2024 saw over 300,000 agricultural workers enter the country through the H-2A program, which provides temporary visas for foreign workers to perform seasonal agricultural jobs. It is an important source of labor in the West, with California and Washington ranking third and fourth in the nation, respectively, for H-2A workers.


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Considerations and concerns when looking into carbon markets

Agricultural producers can capitalize on carbon markets by selling offsets or using insets, but must carefully consider contracts, practice requirements and returns as they navigate this complex and evolving marketplace.
November 20, 2024
Ross Bronson

Many large corporations have made goals to become carbon neutral. To reach those goals, companies must lessen their emissions, purchase offsets or a combination of the two. This has led to a voluntary market for carbon credits in the U.S. where carbon, verified as sequestered, can be sold, thus providing opportunities for agricultural producers.


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What producers need to know about BOI reporting before the deadline hits

The Corporate Transparency Act requires state-registered entities to report their beneficial owners to the FinCEN, with penalties for noncompliance. Some larger entities are exempt from this filing.
November 14, 2024
Doug Lincoln

Did you know that every entity registered with any state secretary of state must complete an additional Beneficial Owner Information report or face a $500-per-day late filing penalty? I hope you knew that, but I bet this got your attention if you didn’t know.


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To build, or not to build? Economics of a farm shop

Farmers face three options for equipment storage: no covered storage, a machine shed or a farm shop. Key considerations include location, design and capital, with benefits in value retention and repair efficiency.
November 12, 2024
Brett Wilder

One of the most difficult decisions to make on the farm is whether or not to build a space for equipment and machinery storage and what type of space to build.


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