Successful Farming

Successful Farming December 2019

Successful Farming magazine serves the diverse business, production, and family information needs of families who make farming and ranching their business. Get Successful Farming digital magazine subscription today and learn how to make money, save time, and grow your satisfaction in the farming business. True to its name, Successful Farming magazine is all about success. Every issue is packed with ideas readers can take right to the field, barn, shop, and office to increase their profit and to position their farming business for growth and success in the competitive and global industry of agriculture.

United States
Meredith Corporation
13 期号


consummate pro

Each fall, Executive Editor Betsy Freese spends countless hours on the phone, interviewing the key players in the U.S. pork industry to compile our exclusive Pork Powerhouses® listing. It’s quite a feat. Freese has created this must-read series for Successful Farming magazine for 25 years, starting in 1994. Her notes include thousands of pages of interviews, quotes, and details of the largest pork producers. It’s a treasure trove. Because of Freese’s years of journalism experience and her trust by the industry, she gets access to swine industry sources like no one else in agricultural media. This year’s report of the Top 40 American and Top 5 Canadian producers can be found on page 50 of this issue and on our website at Agriculture.com. All of agriculture and swine industry insiders look forward to…

tinsel tools!

Innovative tools make life on the farm a little easier, and they can make great holiday gifts for the farmers in your life! Learn about the latest tools for the farm, including power tools, hand tools, welders, chain saws, and more. Plus, check out reviews of these tools from the Successful Farming Product Test Team. Also, see a must-have variety of useful hand tools, selected by Successful Farming Executive Machinery Editor Dave Mowitz. STAY CONNECTED: Successful Farming @SuccessfulFarm successful_farming successfulfarm…

they said it

“Negotiating a shrinking pie is difficult.”Try renegotiating your lease terms, p. 15.“We are not interested in getting bigger for the sake of being bigger.”CEO talks about his company’s evolution, p. 14.“For you sprayer bargain hunters out there, the data suggests that purchasing a 6-year-old sprayer would result in the highest percentage of retained value in the four years to follow.”There is a sweet spot of depreciation with sprayers; take advantage of it, p. 30.“If we can’t get China to take a bunch of this meat out of the country, I don’t know what will happen.”How trade issues impact the top pork producers, p. 50.“Some products have come down on price.”In a year of bad news followed by more bad news, one bright spot is flat to lower seed prices, p.…

in case you missed it

They Know It Hurts Since the trade war started, the common explanation of Farm Belt sentiment is that farmers support President Trump’s policy of piling tariffs on China even though they feel the pain, too. An Iowa State University think tank has put some numbers on that attitude. Some 56% of the Iowa, Illinois, and Minnesota farmers in the ISU study say they supported higher tariffs on Chinese goods, and three fourths say agriculture would bear the brunt of Chinese retaliation. “It is important to note that farmers experience significant income shocks, but that did not affect their support for the president’s approach,” say the researchers. More than 90% say their net farm income fell in 2018 before the effects of MFP payments were considered. Nearly as many, 83%, say the trade…

not quite ready

Steel and aluminum prices went up as soon as President Trump, in the name of national security, announced steep tariffs on imports of the metals in February 2018, prompting fears on the farm of higher costs for tractors, combines, and grain bins. Metals prices have moderated somewhat, but Congress is stymied in efforts to reassert control over international trade. Lawmakers cannot agree on legislation to limit the lifespan of so-called Section 232 tariffs issued in the future. “Every time we get close to marking up a Section 232 bill, Senator Wyden hears from stakeholders who are profiting from tariff protection. Meanwhile, I get calls from colleagues who say, ‘Mr. Chairman, the president won’t like us taking away his tariff law, and we don’t want to make the president upset,” says Senate…

glenn stolt

Family-owned Christensen Farms has been on the Pork Powerhouses® list of the 40 largest U.S. pig producers every year since the ranking began in 1994. Only a dozen companies can say the same. What makes this Sleepy Eye, Minnesota, firm even more admirable is that it survived and thrived after the untimely death of its founder and CEO, Bob Christensen, at age 51, in 2012. Glenn Stolt was the CFO at the time and has been the CEO since. He talks about the company’s evolution. SF: Companies often struggle to thrive after the founder dies. How did you succeed? GS: I was brought in two years prior to Bob’s passing, by Bob, to be the CFO. At that point, I brought 22 years of experience in large, publicly held organizations. After Bob’s passing, there…