CHALLENGES IN AGRICULTURE
Today we are faced with more changes in agriculture than ever before. The Corona virus has brought attention to the vulnerability of our entire economic, political and social systems. I have never seen a time in our country’s history when it was harder to get factual information. The air waves are filled with opinions, hate […]
FUNGICIDES AND INSECTICIDES- DOES IT PAY TO SPRAY?
With profit margins looking thin for both corn and soybeans, there is a temptation for many producers to avoid applying fungicides and insecticides. Is this a good decision or does it pay to spray?Corn and soybeans both suffer from fungal diseases. Some years are worse than others so the producer must spend ample time scouting […]
MARKET OUTLOOK
The rest of this year could remain challenging for all agricultural commodities. The press has been loaded with reports of increased buying from China at historic levels, but prices have not responded. This is in part due to the burdensome supplies of nearly all commodities including the meat markets.The economy, pandemic, unrest and increased competition […]
LOOKING AT THE MARKETS
At the beginning of August, prices for most commodities were very depressing. Since then, all markets have rallied a significant amount for various reasons. However, we must remember that market prices are just a snapshot in time.CornDEC 20 corn on August 1 was $3.20 per bushel, by mid-September this market had rallied over 50 cents […]
CORONAVIRUS FOOD ASSISTANCE PROGRAM- CFAP2
On September 17th the USDA announced there would be a $14 billion expansion made to the Coronavirus Food Assistance Program (CFAP). The program, called CFAP 2, is providing financial assistance to producers in effort to offset the effects of COVID-19 in the ag industry. Like the first set of payments made, this program is administered […]
LIKE US ON FACEBOOK!
Like the Gibson Insurance Group on Facebook to keep up to date with a variety of things! Receive information about important updates in the agriculture industry, your insurance policies, and our office. We post weekly marketing reports regarding livestock and crops. These reports give you an insight to pricing, market decisions, and where we think […]
CHANGES IN CROP AND LIVESTOCK INSURANCE 2021
Over the last several weeks there have been some significant changes to crop insurance that affect most areas in agriculture. All the changes are beneficial to producers.The first change is the addition of the Quality Loss Option (QL). Quality Loss adjustment applies when grain quality is low. In the past, crop insurance used your quality […]
PARTNERSHIP WITH FARMERS EDGE
Gibson Insurance has partnered with Farmers Edge to bring additional value to our customers. In spending time with producers, we at Gibson Insurance have realized precision agriculture will be the way of the future and is already being implemented in many operations. The question we have asked ourselves and producers is “How can we utilize […]
A NEW FRONTIER- INCOME TAX FOR FARMERS & RANCHERS- TEN THINGS YOU MUST KNOW FOR 2021
by Bobby Medlin, CPA Bobby Medlin CPA is the founder of Bobby Medlin CPA Group, an organization committed to providing strategic tax, business, financial, and accounting services and advice to Agribusinesses and their owners. 2021 promises to be an interesting time in the agriculture tax world. In the last year or so, tax law changes […]
BYPRODUCTS AS FEED SOURCES
Have been you considering using by-products in your feed rations? In the last two months all grains have significantly increased in price. Many producers are again looking to the by-product market to see what they can substitute in their rations to bring costs of gain to the lowest possible level. There are around 150 different […]