Jonathan Knutson / Forum News Service
Specialization generally is beneficial in economics. But too much of anything, even economic specialization, may not be a good thing. “We need to be asking if putting all our eggs in one basket is wise when the basket is more sensitive,” said Ariel Ortiz-Bobea, assistant professor of applied economics and management at Cornell University.
Ross Genoch walks through his small cattle herd on a cold, clear January morning near Menahga. The cows, docile and trusting, approach him expectantly. “They’re hoping for a corn cob. Well, they get treated like pets,” he says with a smile. Genoch (pronounced guh no) raises corn and soybeans, sells crop seed, drives a school bus and runs a small custom woodworking business.
FARGO - Upper Midwest farmers needed the middle of September to be warm and dry. That’s what they got. Now they need more of the same in early October. “A longer stretch of warm, dry weather would really be beneficial,” said Liz Stahl, University of Minnesota Extension crop educator. She’s based in Worthington, in southwest Minnesota.
A new report confirms U.S. farm expenses continue to rise, and agricultural business management specialists say that should cause farmers to take a closer look at how they operate. Farm production expenditures nationwide totaled $367.3 billion in 2013, up 2 percent from $360.1 billion in 2012, according to the National Agricultural Statistics Service, an arm of the U.S. Department of Agriculture.