Grain Profitability Outlook 2025

By Greg Halich | Associate Extension Professor
Published on Feb. 27, 2025

Grain prices have continued dropping this last year, and this follows a more dramatic drop from the previous year.  Current prices for 2025 new-crop delivery are around $4.35/bu for corn, $10.35/bu for soybeans (2/20/25).  This is a decrease of around $.10/bu for corn and $1.00/bu for soybeans compared to what these price

ARC-PLC Decision Tool Instructions and Example

By Greg Halich | Associate Extension Professor
Published on Feb. 27, 2025

There are a few possible decision tools that can be used for the ARC-PLC choice for 2025.  My recommendation is to use the tool developed by Univ.

ARC vs PLC Decision for 2025

By Grant Gardner | Assistant Extension Professor and Will Snell | Extension Professor
Published on Feb. 27, 2025

Slumping row crop prices have induced greater attention among grain farmers regarding farm bill safety net programs.

What Should My CPA Know That I Am Not Telling Them?

By Laura Powers | KFBM Area Extension Specialist
Published on Jan. 31, 2025

As a new year begins, we cannot fully close out the previous year until income tax returns have been filed and paid. I’m not sure which meeting is looked upon less favorably…  a visit to the tax office or a visit to the dentist. No offense to the dental profession intended.

You May See a New 1099 Form in Your Mailbox

By Jerry Pierce | KFBM Program Coordinator
Published on Jan. 31, 2025

Farmers may begin receiving a new income-reporting Form 1099-K, Payment Card and Third Party Network Transactions. It reports gross payments to you for goods or services made through credit card, gift or debit card, and on-line payment services.

The Economic Value of Applying Broiler Litter in the Fall 2024

By Jordan Shockley | Associate Extension Professor
Published on Nov. 25, 2024

Spring application of broiler litter is ideal for maximizing the economic value but faces challenges that include wet soil conditions, lack of time to spread litter near planting, and availability of litter in the spring.

Decision-Making in a Declining Economy

By Michael Forsythe | KFBM Area Extension Specialist
Published on Oct. 31, 2024

As the farming economy enters a period of decline, farmers are facing issues many of them have not had to deal with in recent years. Net Farm Incomes are low or even negative in many cases. Cash flows are becoming extremely tight. Some farmers are having difficulty renewing operating loans.

Fall 2024 Farm Observations Across Kentucky

Published on Oct. 31, 2024

The observations below are from Area Extension Specialists from the Kentucky Farm Business Management (KFBM) program. Lincoln Trail Association

Understanding ESG and Its Impact on Agriculture

By Jordan Shockley | Associate Extension Professor
Published on Sep. 27, 2024

As companies continue their quest to mitigate their carbon footprint, achieving a “net-zero” goal is one slice of their sustainability pursuit. There are three main factors that are used to assess the sustainability and ethical impact of a company’s operation.

Fall 2024 Wheat Planting Decision

By Greg Halich | Associate Extension Professor
Published on Sep. 27, 2024

Corn harvest is now underway and Kentucky grain farmers will soon decide if and how much wheat they will plant this fall.  Compared to last year there is a drop in both soybean and wheat prices, a drop in fuel price, and mostly stable fertilizer prices.