How to Stop Worrying about Hitting the Highs and Lows of Farming

We wanted to share this great story from Colleen, a farming friend originally from near Clarkfield, MN who now lives in the Redwood Falls, MN area.

Growing up on a family farm was a wonderful experience and my Dad made an excellent investment by buying land, and as he would say, “making a living off the land”.  Farming was in his blood as he came from a long line of farmers.

We had a quarter section and it was enough with the size of equipment that he had.  There was no GPS or automation at that time.  Some say the good old days and I have to agree!   However, he was always with the times and understood the changes that made sound sense.  He would store grain and wait for the market to go up.  Us kids were not really informed of the “financials or the marketing” that the old man did.  That was kept for Mom and him to worry about.  When the 80’s hit I don’t think that I realized just what a bad situation we were in; farming at that time.  But, the evolution of time changes it all.  The land that he bought for just over $200 an acre (a lot of money in the 60’s) is now selling for around $6,500 an acre.  Depending on your location, land could be selling for a whole lot more!

Dad would listen to the radio and get the news on corn and soybean prices; that was the old style of grain marketing. Don’t get me wrong, we still listen to the radio, but now we have an organization like Corn Capital Innovation that is the pioneers in the field of providing a total farm business solution.

They boast the phrase “we change farmer’s lives forever” and it is true!  I wonder how things would have been different ‘back in the day’ if we had this resource to turn too?!

So take advantage what we have now and contact Corn Capital Innovation for assistance with Production, Crop Insurance, Marketing and Financial Management.

Grain Marketing is the most difficult job every grower will face.

Working with Corn Capital Innovation’s assistance you will:

  • Achieve goals faster
  • Adjust to market changes
  • Gain a competitive advantage
  • Rest easier

The most successful farmers utilize grain marketing specialist to help them make decisions.

Check what you already have in place:

__I know how to tie grain marketing with crop insurance

__I know how to use storage in my profitability strategies

__I know what financial changes I need to make in my operation each year

__ I know my break-evens

__ I know my working capital percentage and how to increase it

__ I understand market carry and how to apply it

__ I understand and know how to manage profitability and basis

Stop worrying about hitting the highs and lows… Increase profitability more than you ever thought possible!  Do this with the assistance of Corn Capital Innovation.

Contact Us today and we’ll help you put the four components of farm profitability to work!

The Papa Syndrome: Farming Just Like Your Dad or Grandfather?

“The Papa Syndrome is more prevalent than most people realize”

I had the pleasure of growing up and learning how to farm on a 6th generation family farm in Renville County. The older I get the more I realize how blessed I was to have been surrounded by so many years of farming wisdom, experience and success. I have learned so much from those who farmed before me.   As I look back, there were times when I thought I had it tough working on the farm; now I realize that I never planted, cultivated and harvested with horses like my forefathers. I didn’t have to pull every weed by hand, and I didn’t have to rely strictly on my grandfather and father to teach me everything I needed to know about farming.

Even though I learned a lot about farming from my parents, I’ve also been fortunate enough to have numer­ous other sources of information on how to raise crops. I joined FFA, 4-H and worked in research fields during the summertime. After high school, I attended college where I had the opportunity to take biology and business classes and gain access to thousands of books, dozens of local experts and of course the internet. There seemed to be no shortage of information on how to farm. And interestingly enough, what I learned off the farm about raising crops was often very different from what I learned on the farm. That meant that what I was learning was new, so to apply it on our farm we needed to change some of the things we had been doing in years prior.

I soon discovered that my biggest advantage in farming education was not just what I learned, but more important­ly how I got the information. In years past, most farming knowledge was passed down from father to son, generation to generation. That system used to constitute the entire learning process on how to farm, but not anymore. Farm­ing has become much more complicated. A young farmer learning from his father is much different from a young farmer learning from an off farm source. The first method denotes a simple transfer of knowledge that will be applied exactly as it was in the past. The second method means that every bit of information taught can only be applied when it replaces parts or all of past methods of doing things. In turn, a whole new way of thinking is suddenly employed.

As I indicated, my grandfather and father were and are very successful farmers. But this new era of agriculture has changed farming so much, so fast, that it has pushed every farmer farther down the information chain. So many new technologies and advancements come onto the scene so quickly that fathers can no longer simply teach their sons and daughters what they have learned over the years and get the results these new comers need. The plant itself has been re-engineered so much that few farmers have the information they need to manage them properly. A whole new way of thinking about how to raise a crop is now required. Unfortunately, many farmers are not willing to let go of the past and stop teaching their sons out-of-date techniques. In addition, many sons are not willing to give up lessons taught by their fathers and grandfathers.

I call it the “Papa Syndrome.” The “Papa Syndrome” is the unwillingness of sons to change from how their father did things. It’s easy to recognize when someone has the syndrome. You hear statements like; “My father would never have used vertical tillage” or, “My father would never have spent the money on that much fungicide” or “ My father would never have planted corn two inches deep.” When you hear those kinds of statements from growers it serves as the Litmus test for the willingness to change. Those who are stuck in the past will use those kinds of statements as excuses not to change. Those who are willing to change will use those kinds of statements as anthems of liberation from their old ways of doing things. It doesn’t necessarily mean that the old ways were wrong; it just means that there might be a new and better way of doing some of those things today.

The “papa syndrome” is more prevalent than most people realize and it results in substantial yield losses, lower working capital, and loss of farm operations every year. I’ve seen the “papa syndrome” in farmers as young as 21 and as old as 81. Today, about the only way you can learn how to raise crops is by carefully combining information learned in the past with new information from outside the farm operation itself.

It’s important to remember that none of us would be here today if it wasn’t for our courageous, hard work­ing, tough as nails fathers and grandfathers who passed on traditions and ingrained in us their farming protocols. However, it is also impor­tant to realize that future generations will learn differently about how to farm than their forefathers did. The new marketplace is just that, new. Today a whole new set of tools and knowledge of how to use those tools is needed to achieve top yields and profits. Unfortunately, many of our fathers and grandfathers are not around to see and hear those ideas because if they were, I know they’d be the first to use them.

by Scott O’Neill, Director of Sales & Agronomy

Farming is like Fishing; You Need a Good Attitude!


Want to catch a lot of fish?  Check your attitude!

The fishing season is here and lots of people are out there trying their luck.  When you tell people attitude is the number one factor to catching fish… they think your joking.  Most people believe they go fishing to fix a bad attitude and it isn’t necessary to arrive at the lake with a good one.

But the angler’s attitude effects every decision he makes while fishing, which directly affects their success.

Fishing is just like farming.  Attitude is the number one factor that affects the decisions you make thru-out the growing season.  When you realize you can’t control Mother Nature, the market or what other people say or do, but you can control your attitude you’ve taken the first step to succeeding in farming.

Having a good attitude helps you relax, stay focused and enjoy farming a lot more.  Never put your boat in the water or enter the field unless you have a good attitude.

I hope your attitude helps you catch a lot more fish and achieve higher yields and greater possibilities this year.

Tell us your strategy for a good attitude in the comments below!

Corn Capital Innovations Makes Sure Farmers are Achieving Their Goals

For every farmer who has another crop in the ground congratulations on a safe & successful spring!

Many people believe that spring is the start to our crop year.  However, 75% of your crop yield potential has already been dictated. We know that weather has an impact on predicting a top notch crop, but, decisions you have made up until now have a much greater impact.

As you were in the fields this spring what did you notice?  What are the things you have changed or would have changed to be more prepared?

Did you know how well the combine performed last Fall by spreading out the residue?  Did you review your Fall tillage plan?  And what were the conditions this Spring as we prepared the soil for this year’s crop?

I’m Scott O’Neill with Corn Capital Innovations and as we worked with our clients this spring we were taking many notes on how decisions made a year ago are impacting our crop this year.  Throughout the growing season the plants will tell the story of your management plan as well as the environmentally stresses we face.

Here at Corn Capital Innovations we are working diligently to make sure farmers are achieving their goals.

Crop Insurance for the Perils that Affect Top Yield

Corn Capital Innovations offers a full service of Crop Insurance products that cover many of the perils that affect top yield potential while providing you and your family peace-of-mind.

The weather is any one’s guess and having the correct insurance will certainly help to manage the risk that farmers take each and every year.

Crop Hail Insurance offers several options:

  • All or a portion of your crop acres can be insured. You decide how much risk that you want to handle and then we write the policy to manage that risk.
  • Crops can be insured at any time up to a specific harvest date.
  • Protection for loss due to fire or loss in transportation is available.
  • Additional coverage is available to protect your revenue, profit or to cover costs when you are faced with the need to replant when these benefits are not protected by multi-peril crop insurance.

Actual Production History (APH) coverage is available based on your yield history.  We will work with you to set a comfortable level that best fits your family’s goal.

With Yield Protection (YP) we can insure that you receive replacement income when your crop yield does not achieve a previously specific level, due to many different perils.  These policies are available on varying levels.

Both APH and YP plans are yield-based policies.  These policies are offered to protect you due to natural causes such as wind, hail, frost, drought and flooding.  These policies can be written to include the damage from infestation from either disease or insect.

Each policy listed above must be scripted to list each specific crop.  Coverage’s are paid only when or if production falls below the prearranged production that we will establish in the Spring.

Revenue Protection (RP) and Revenue Protection with Harvest Price Exclusion (RP/HPE) policies offer revenue protection based on both your actual yield and grain market price potential.  Either plan will combine your production history with current grain market price to establish the revenue protection.  RP plan does allow for fluctuation in market prices and will be based on the actual price in effect in the Fall.  The RP/HPE excludes the Fall market price aspect and limits the revenue guarantee to what was established in the Spring.  Both plans protect against lost revenue affected by low market prices, low yields, or a combination of both.

Corn Capital Innovations is here to help you make the best choices possible.  We understand what you are going through, because we have been there too.

Let us help you determine the next steps in protecting your crop.  Contact us today!

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