The dry bean markets look much different compared to last year at this time, mostly due to the coronavirus pandemic. Seasonally, there hasn’t been as much of a price recovery in the navy bean market when compared to the pinto market. Hear more from NDSU Extension agricultural economist Frayne Olson in the latest Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.
For the current marketing year, export sales of dry edible beans into Mexico have been slow. That according to NDSU Extension crops economist Frayne Olson. Hear more in this week’s Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.
According to NDSU Extension crops economist Frayne Olson, the dry bean industry is keeping a close eye on export markets in 2019. Hear more in this week’s Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.
In times of tough cash flow, Northland Community and Technical College Farm Business Management Instructor Betsy Jensen says debt is part of a farming operation. “Farmers can restructure. They can take existing debt, lump it together and string it out over a few years. That’s not uncommon and not a bad thing to do,” says Jensen. “You don’t want to do it every year, but that can alleviate the cash crunch for 2019.”
Jensen joined NDSU Extension Marketing Specialist Frayne Olson and Emerado farmer Shane Sand in a panel discussion on cash flow at the 2019 International Crop Expo in Grand Forks.
According to Sand, a successful landowner-tenant relationship depends on communication. Sand uses everything from newsletters and phone calls to Snapchat to connect with his landlords. “If I’m on the landlord’s property, I’ll shoot a short video and send them an e-mail link and show them what we’re doing today on their land.” Simply put, Sand treats landlords just like he wants to be treated.
Northarvest Bean Grower – Our Mission:
NHBGA, growers representing growers through the check-off system, is North America’s largest supplier of quality dry beans. Working together to better the industry through promotion, research, market development, education of consumers and monitoring of governmental policy. Our future goals must be continued market exposure and careful monitoring of new ideas, consumer choices, and producer needs.
50072 E. Lake Seven Road, Frazee, MN 56544