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How carryover 2023 crop on farm is impacting farmers’ outlook during 2024 harvest

Real Agriculture

I’m not sure that this is uncommon during cycles where the market is in decline over an extended period. It’s no secret that there was still 2023 crop on-farm at the end of July. Some of that old crop won’t have moved even as the calendar flips to September. For three years prior, the best. Read More

Carryover 284
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2024 Agricultural Commodity Prices and Market Outlook 

Trimble Agriculture

Soybeans Soybean plantings are predicted to fall by nearly three million acres in the 2023/2024 marketing year. A competitive market is placing downward pressure on soybean prices. Wheat Planted acreage of wheat was down last year, but is expected to stabilize in the 2023/24 marketing year. Soybeans are projected at $12.75

Marketing 104
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Equipment Sale Trap

Agribusiness Blog

As farmers approach retirement their two biggest concerns are generally equipment sales and carryover grain. However, it also leaves the farmer at risk for market value depreciation. If the buyer is using the other pieces of equipment not included in the current year sale, they should pay fair market value rent.