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2017 Production Costs: Steve Johnson
After a few weeks without new podcasts, we return with a timely interview with Steve Johnson.
Steve is the Farm Management Specialist for Iowa State University Extension, bvased out of their Polk County office.
In today's interview Steve and Jason talk about best practices to keep production costs in check during this fourth straight year of weak commidity prices.
2:22 Steve's introduction
7:30 You've had four years to practice managing fixed costs
12:50 Summer challenge of 2017
18:28 2017 rescue attempts for soybeans
19:30 Widespread use of cover crops, and what that means for production costs
22:00 2017 Estimated costs of production
26:20 Land-owner / tenant relationships
34:00 USDA budget propsal and Farm Bill
39:50 Importance of having a marketing plan, and sticking to it
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