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What to Prepare for in 2023:
Farming Challenges and Opportunities
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A Volatile Commodity Market
Retaining Skilled Workers
Extreme Weather Threats
Input Costs and Availability
Evolving Regulatory Environment
Seizing Opportunities in the Carbon Markets
A Volatile Commodity Market
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Solution
With commodity price volatility expected to continue, how will you balance between pulling the trigger to lock in prices and waiting to try to maximize returns? If you price too much of the crop and have a failure, you could lose money.
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Consider looking back at your worst crop year and yield to help you decide how much of your crop to price in advance. Use a tool that can help you understand your marketing breakeven for every field so you know whether you’re selling at a profit.
Extreme Weather Threats
Extreme weather appears to be the norm going forward, and weather is difficult to predict. Conditions can change considerably from year to year, ranging from drought to flooding, hail, derechos or more.
Incorporate changing weather trends into crop management decisions, and choose flexible products that can adapt to difficult growing conditions, such as drought or high winds. Consider a tool that can help you adjust your nitrogen plan to deal with the ramifications of weather.
Input Costs and Availability
Inflation has affected every area of the global economy. While governments have tried to address the problem, will rising prices and limited supplies continue in 2023?
Take advantage of crop protection discount programs or flexible financing options to make your input dollars go further. Consider a revenue analysis tool to help you understand which areas of your field are holding you back so you can optimize yield potential without overapplying inputs.
Evolving Regulatory Environment
See how regulatory changes have affected trusted crop protection products, and what more to expect
in 2023
Take proactive steps (that won’t set back your profits) to plan for possible future regulations. Use good stewardship practices, choose products with lower use rates, and consider trying some naturally derived or biological products on your acres.
Discover biologicals
Retaining Skilled Workers
Labor shortages have put a strain on
the agriculture industry as the pandemic
has reshaped labor markets and opportunities.
Retaining the most skilled farm workers
is as important as attracting new talent.
Learn how to keep loyal employees while
also attracting top talent.
Tips to retain
skilled labor
Seizing Opportunities in the Carbon Markets
Carbon programs offer farmers additional income opportunities in exchange for practices like growing cover crops or reducing tillage. But the changes you make must align with sound agronomics that will work for your farm.
Carbon markets and other government soil health funding offer a way to de-risk adoption of new practices by alleviating some of the associated costs.
Rising Interest Rates
Rising interest rates have impacted land prices and operating loans and will have a large impact on the 39% of U.S. farmland that is leased.
Finding the right farmland lease and maintaining
an excellent relationship with your landlord can pay dividends as prices rise.
Tips for
Leasing farmland
Equipment Availability
& Innovation
Farming has sprinted into the 21st century
leaving many wondering how to keep up
and what to prioritize.
See what’s ahead for 2023 in farm equipment and how to stay ahead of any product shortages
Farm Succession Planning
A new generation of farmers is ready to take the wheel, but how can you avoid costly mistakes and assure the easiest transition – whether coming or going?
Having a solid plan for succession is the first
step to a smooth transition. Digital tools can help document what worked and what didn’t each season.
farm succesion
planning tips
Every farming season presents new challenges and opportunities. Dig into the anticipated landscape for 2023 as you set your path for next season.
Enhance your marketing strategy
See drought-tolerant hybrids
Make every input count
See how to save
start free revenue analysis
Calculate potential earnings
Cover Crops 101
Read About Combine Scouting
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Rising Interest Rates
Equipment Availability
& Innovation
Farm Succession
Planning
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