Archive for 2018

PodTalk: Checkoff Makes a Difference for Soybean Farmers

In this PodTalk we’ll discuss how the United Soybean Board and soy checkoff are working to add value to U. S. soybeans—and help ensure a strong and profitable future for U.S. soybean farmers.

PodTalk: Soybean Growers Commit to Sustainability

In this PodTalk, learn how the United Soybean Board and the soy checkoff are working to communicate U.S. soybean farmers’ commitment to sustainability.

PodTalk: High Oleic Shows Potential for Profit

In this PodTalk we’re going to find out about development of high oleic soybeans—and their potential for increasing soybean demand and improving the profitability of U.S. soybean producers.

PodTalk: Biotech Grows Farmer Options

In this PodTalk, we explore the importance and impact of biotechnology in the soybean industry.

What’s happening in your field?

In this episode of ILSoyAdvisor.com Profitability Radio, 2018 Certified Crop Advisor Soy Envoy Kelli Bassett, shares an update on the diseases, weeds and pests that Illinois soybean growers should be watching and monitoring.

PodTalk: Checkoff Creates Profit Opportunities for Soy Growers

In this PodTalk, learn more about the value of the soy checkoff in building market demand and creating profit opportunities for soybean farmers.

Financial and Succession Planning Basics for Farmers

In this episode of ILSoyAdvisor.com Profitability Radio, we speak with Jan Schaffer, tax development consultant with Compeer Financial, about taxes, financial planning and succession planning.

Schaffer discusses the importance of working with a financial professional, the basics of financial and succession planning as well as how farmers will be affected by changes in the new tax bill passed in late 2017.

Key Takeaways:

  1. Don’t tax plan for a single year – may not be best for the business over the long term
  2. An expert can help you get better numbers and make better decisions
    1. Profitability
    2. Planning and deductions – land and machinery are very different, for instance
    3. Reduce stress and save time – ‘custom hire’ approach
    4. Find what’s right for YOUR operation
  3. Also consider payroll needs
    1. Costs can be astronomical of done wrong
    2. Trust an expert to help do it right
  4. Communication is number one
    1. Make your financial expert part of your team
    2. Build those relationships – even a phone call
    3. Avoid surprises
  5. Taxes are not bad, they just need to be managed

PodTalk: U.S. Soy Committed to Sustainability

In this PodTalk, we explore how the soy checkoff is working to communicate U.S. soybean farmers’ commitment to sustainability.

PodTalk: Improving Compositional Quality, Protein

In this PodTalk, we explore how U.S. soybean farmers can capture more value by focusing on improving the compositional quality of the protein and oil in their soybeans.

PodTalk: Checkoff Advances High Oleic Soybeans

Soybean farmers often spend much of their time focused on the day-to-day decisions affecting their farm and bottom line. But through the soybean checkoff, they support the work of the farmer-led United Soybean Board, which is always looking to the future as it helps facilitate market growth and creation.

In this PodTalk, we learn about the role the soybean checkoff played in the acceleration of the development of high oleic soybeans.