Rabobank has released results of its 2009 Farm & Ranch Survey. A couple of highlight include:
* More farmers are using risk management tools
* 1/3 of farmers expect crop input costs to decrease
* More farmers looking to buy used equipment
Rabobank recently launched a survey to gauge farmers’ confidence, and found that, while farmers’ outlook on the economy generally mirrors that of the overall population, more than half of farmers surveyed are employing risk management strategies to help navigate this difficult economic climate.
“Our survey demonstrates that U.S. farmers and ranchers are tackling the current economic environment head on by making smart choices to help them weather the storm,” said John Ryan, president and CEO for Rabo AgriFinance. “While many are hurting because of the economy, there is some optimism that the situation will improve next year.”
According to the Rabobank Farm & Ranch Survey, more than half of U.S. farmers have recently implemented or plan on investing in risk management or marketing strategies. Among those, pre-selling crops/livestock is the most regularly used risk management approach, followed by hedging future commodity sales and lock-in margins.

Just in case you’re wondering if your company should be involved in social media, let me give you another example. This comes from
Gary Truitt,
I took a 24 hour trip to Kansas City to give a speech to the
Because environmentalists were constantly trying to derail Monsanto in the media, the company quickly realized that they needed to address some big issues in the news for themselves. The group uses Twitter to discuss controversial topics like food labeling and genetically modified foods. Like many agriculture groups, Monsanto has realized that this is the best outlet to interacting with the nation’s food consumers. I know a lot of people utilize Twitter to share basic information, (i.e. location, dinner plans, random thoughts…) but I’m quickly discovering it’s a great tool to share press releases, studies, great websites and even photos. Do you use Twitter, and how do you utilize it in your professional career? “Planting cyber seeds” proves that Twitter is a social networking tool worth considering…
Virgil Smail has been named the Executive Director of the
Another ag group shows a great use of a blog. This time it’s
Clint Deitch has kicked off 