research

What 2024 Tax Changes Could Mean for Your Operation

 

Running a profitable farming venture requires more than reducing input costs and increasing yields. In today’s economy, you also have to manage taxes, payroll and countless other financial variables that dictate your bottom line.

With December 31st knocking on our door, we want to provide our customers with some key insights regarding upcoming tax changes and how they could impact your operation. We met with Dustin Kimball, CPA, to discuss the most pressing issues around tax laws and financial planning for your operation.

In this visit, Dustin outlined changes related to:

  • Iowa State Tax Reductions
  • Section 179 & Bonus Depreciation
  • Estate Planning
  • Capital Equipment Purchases
  • Business Entities
  • And More!

 

Highlight Video (15 minutes)

 

Questions? Give us a shout! 

Text us at 564-220-2508 or email questions@liqui-grow.com.

A Researcher’s Reward: 2023 Research Plot Results

Our fall L.E.A.D. Academy webinar provided answers for a question on the top of many farmers’ minds this time of year—what worked well, and how can we improve for next season? Watch Dr. Jake’s overview of his 2023 research plot results here, or read on to learn more about his conclusions.

 

Fertilizer Distance Study

We launched our multi-location fertilizer distance study three years ago in preparation for the launch of ExactStrip application. Now, after testing more than 800 plots at 10 locations across three seasons, Dr. Jake is excited to share his findings.

ExactStrip shares RTK guidance lines from the floater to the farmer’s planter, tractor or strip till machine in order to plant as close as possible to the fertilizer bands. Much like a teenager being close to a refrigerator, the closer the plant’s roots are to the fertilizer, the more nutrients the plant will consume.

Dr. Jake tested ExactStrip fertilizer application against broadcast application and a check plot with no fertilizer applied. Each ExactStrip application included a 30” band of full-rate fertilizer, and distances tested ranged from 0” to 15”.

Traditional liquid fertilizer applications tend to occur between 6” and 9” of the planted row—a range that yielded a 2 to 3 bushels per acre increase over broadcast application and 12 to 14 bushels per acre more than the untreated plot in our study. 

With ExactStrip, we are able to place fertilizer within 3” of the row—providing a 5 to 8 bushels per acre yield advantage over broadcast application and 16 to 18 bushels per acre over untreated.

This yield increase proves the value of precision application for maximum crop performance. We are excited for Liqui-Grow customers to continue seeing these results on your own farms. 

If your farm equipment is up to date with RTK capabilities, reach out to your local Liqui-Grow sales representative and ask them about our distance study and ExactStrip technology.

 

Pairing ExactStrip with Strip-Till

Continuing with his ExactStrip research, Dr. Jake conducted a study comparing different approaches for applying fertilizer in strip-till operations. 

ExactStrip application following strip-till performed very well against traditional injected application, and Dr. Jake is optimistic about how these numbers will continue to improve as his research on pairing ExactStrip with various tillage practices moves forward. 

In-Furrow Additives on Corn

Dr. Jake has been studying biological and non-traditional products for corn for the past six years. Through this extensive research, two products stand out. 

 

Micro-AZ and AvailT5 show consistent yield improvements of more than 4 bushels per acre across the 20+ plots tested. Dr. Jake strongly recommends these products for an affordable and reliable yield boost in corn.

Micro-AZ In-Furrow Starter

Micro-AZ caught Dr. Jake’s attention because the formulation centered around azospirillum brasilense—a well-researched bacteria that causes significant increases in corn root hairs, which improves nutrient uptake and leads to consistent yield increases.

 

AvailT5 Additive

AvailT5 is a phosphorus enhancement product that is a valuable additive for any field, particularly ones with pH above 7 or below 5.5 and/or low phosphorus levels. 

Dr. Jake compiled 140 side by side comparisons across 8 sites, and the results show that AvailT5 is effective whether applied in–furrow or with fall suspension fertilizer. According to his research, AvailT5 yields an average return on investment of $13 per acre.

Next, Dr. Jake wanted to compare the impact of AvailT5 on various soil types. When you look at the locations with the ideal conditions for AvailT5 to make the biggest impact, you can see the average yield increase from 4 to 9 bushels per acre, bringing in a $38 per acre return on investment.

Using this knowledge, we’ve come up with an innovative solution to maximize the impact of your investment. By using grid samples to identify areas of the field with high/low pH and low phosphorus levels, we’re able to inject AvailT5 exactly where your fields need it, and skip the areas that don’t. 

This is an application method that can benefit any farmer. Talk to your local Liqui-Grow sales representative to take advantage of AvailT5.

New In-Furrow Additives

While we recognize and appreciate the reliability and consistency of Micro-AZ and AvailT5, we also embrace cutting-edge technology and new products on the market.

This year, Dr. Jake conducted studies involving Maneuver, Utrisha P and Fosters + Pmax. The initial results all show strong performance, but we have smaller amounts of data on these products. Dr. Jake is eager to continue studying their impact on crop yields and gathering more data to help farmers make informed decisions.

 

Foliar Non-Traditional Screening in Soybeans

Another new study for 2023 centered around foliar non-traditional screening in soybeans. The preliminary findings shine a spotlight on one key group of products: amino acid based.

Dr. Jake is confident in the ability of amino acids to provide a strong foundation for soybean additives, ultimately resulting in a high return on investment. This initial research backs this belief, and we will continue to share updates as the study continues.

Starter Fertilizer with Zinc

For his last research update, Dr. Jake shared insights from a study focused on the presence of zinc in starter fertilizers. This research revealed the shocking conclusion that applying starter fertilizer without zinc actually lowers crop yields.

This is because traditional phosphorus fertilizer ties up zinc in the soil, ultimately doing more harm than good for the plant. For a starter fertilizer to truly benefit your crop, it needs to be a well-balanced formulation.

From concluding long-term studies to just beginning new ones, this fall’s L.E.A.D. Academy webinar set the stage for another productive year of unveiling new agronomic insights in 2024.

Want to learn more about Dr. Jake’s research? Text us at 564-220-2508 or email questions@liqui-grow.com.

Unveiling Innovations: Liqui-Grow L.E.A.D. Academy Webinar November 30th!

 

The Liqui-Grow L.E.A.D. Academy is back in session on November 30th. Dr. Jake Vosennkemper will be diving into the latest research and insights that are shaping the future of farming.

Agenda Highlights:

ExactStrip Distance Study:

Jake shares his findings from this year’s ExactStrip Distance Study to discover how close your nutrients need to be applied to achieve the best results!

Multi-Location Fertilizer Placement Study:

Uncover the secrets of effective fertilizer placement through a comprehensive study conducted across multiple locations. Discover the best practices that can enhance nutrient uptake and contribute to healthier crops.

In-Furrow Additives for Corn:

Stay at the forefront of corn production with the latest updates on in-furrow additives as Dr. Jake explores how these additives ultimately increase your crop yields.

Multi-Location Foliar Applied Biological Screening Study in Soybeans:

Dr. Jake takes a deep dive into how new technologies and management strategies play a key role in improving soybean performance and yield.

The Importance of Including Zn in Starter Fertilizer:

Witness the impact of zinc (Zn) in starter fertilizers through a compelling real-world example. Learn why including this essential micronutrient is a game-changer for crop development and yield optimization.

Don't miss this opportunity to learn new strategies for your operation. Join the Liqui-Grow L.E.A.D. Academy Webinar on November 30th, and empower yourself with the knowledge to elevate your farming practices. 

Register TODAY!

 

Questions? Give us a shout! 

Text us at 564-220-2508 or email questions@liqui-grow.com.

Quarterly Newsletter: May 2020

May Newsletter Banner Image

MAY

Continual Safety and Service

Securing Seeds

Control Your Yield

 

Owner's Update

Liqui-Grow is a family-owned business (62 years) focused on serving its employees and Midwest farm customers. We are proud to maintain an employee management team that welcomes input and takes quick action when called upon, especially during these unusual times. Every spring we work to keep a safe and secure work environment, but this spring we had to up our game to meet the new challenges.

The safety of and service to each and every Liqui-Grow customer was considered with changes we made this spring in providing products/services to them. We want to thank them for their support. We also want to thank each and every employee for their support and extra effort this spring to keep our teams safe and viable during this busy spring season.

As a family-owned business that is not handcuffed by any bureaucratic processes or distractions, we are able to make decisions that are sensitive, nimble and timely recognizing the impact not only on our employees and customers, but us directly.

As we enter this next phase of our growing crop, both customers and employees can be assured that we are being very thoughtful in balancing many needs for creating future successes in 2020.

 

Thanks so much for your support.

-Scott, Hov & Bruce Tinsman

photo of owners


 

Securing Seeds

photo of Katie Hess
Katie Hess
Seed & Seed Treatment Manager

 

 

 

 

 

 

 

 

 

"We were extremely proactive as a company this spring, and took seed delivery to our locations sooner than usual to try and secure our customers’ orders and requests."

I am 33 years old and I’ve been reminded over and over again the past 2 months of what unprecedented times we are living in and we’ve never seen this, hopeful to not see it again in my lifetime. It seems like each generation gets to see something no one else has ever seen. It’s hard to point out positives right now, but here goes.

We were extremely proactive as a company this spring, and took seed delivery to our locations sooner than usual to try and secure our customers’ orders and requests. We also want to thank our customers for taking delivery of seed products sooner than usual. If there’s one thing I’ve learned working with farmers all these years, it is, they will adapt to unforeseen events.

Securing your seed for your orders isn’t as easy as it seems, sometimes we have to “beg, borrow or steal” to fill those orders and this was no different than any other year, but with a lot more social distancing rules to follow. If you see me at a location or field day later this year, ask me more about this!

I say all this to remind you as the salesmen ask you what your plan or ideas are for next year, they are trying to do their best in securing supply for you. Thanks for all of the support this spring, and I’m looking forward to walking your fields with the salesmen this summer!


 

Control Your Yield

photo of Dr. Jake Vossenkemper
Dr. Jake Vossenkemper
Agronomy Research Lead

 

 

 

 

 

 

 

 

"It’s wise to focus on the metric you can control, which is yield."

No doubt COVID-19 has caused recent commodity prices to soften and it’s impossible to know what these developing circumstances might do to the future commodity price landscape. What we do know, however, is that we have very little control over crop prices, but we do have some control over crop yield. Given the two metrics together control gross revenue, it’s wise to focus on the metric you can control, which is yield.

Given these facts, I would double down on making wise agronomic decisions. You obviously had a well thought out crop production plan prior to the epidemic that would result in optimum yields/returns and I see no reason to deviate from that. In other words, if you and your Liqui-Grow salesman had planned to make a sidedress application to corn or had planned on making a foliar fungicide application to soybean or corn, those plans were made based on sound agronomics and not on an emotional reaction due to the present pandemic.

While I am not an economist, I follow closely what ag economists are saying and there are a few reasons why prices may rebound. Ethanol consumption while still historically low is making a steep rebound. Cheap US corn means that we are increasingly competitive on the world market which may incentivize China and other export markets to buy US corn. Moreover, some ag economists believe that corn planting intentions are inflated meaning the 2020 crop may not be as large as the USDA is forecasting at this moment. So there is hope for optimism and you will need yield to capitalize on higher grain prices this fall/winter should that materialize.


 

Newsletter Archive - COMING SOON

Quarterly Newsletter: January 2020

Jan 2020 Newsletter banner image

OCTOBER

Expanding Our Fertilizer Storage Capacity
 
Optimal Seeding Rate for Your Hybrid
 
Winter Agronomy Meetings Near You
 

Owner's Update

Liqui-Grow continues to focus on offering our customers a dependable and competitive fertilizer supply for 2020. For this to happen year in and year out, Liqui-Grow must continue to revamp and expand its fertilizer storage capacity, i.e.……re-invest $s.

While it may not always work out economically, it remains our focus to keep supply at the forefront of our business plans. And even though we don’t see any supply issues for 2020 at this point, we will expand our 32% storage in 2020.

-Scott, Hov & Bruce Tinsman

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Agronomy Research Book Coming Soon

Cover of Agronomy Research Book

Since the spring of 2015 I have been conducting research on new products and management practices farmers can potentially use to increase both corn and soybean yields and profitability. By now I have amassed a bunch of results that are finalized and ready to share.

I will share these results in the form of a book, which will contain research on fertilization products and practices, seed treatments for soybeans, fertilizer additives and much more. These research summary books will be available in February at all of our Liqui-Grow locations. You can also request a book by calling the main office (563-359-3624) or via email by emailing Tammie Suhl at tjs@liqui-grow.com.


 

New Year, New You

photo of Katie Hess
Katie Hess
Seed & Seed Treatment Manager

 

 

 

 

 

 

 

 

 

"If seed is one place you could do better, it all starts when the seed comes out of the bag."

Farming can be so frustrating sometimes. The seasons are never the same year after year, which isn’t all bad, and you only get one try every year. So I hope with each passing season you aren’t just doing what you’ve always done. I encourage you to add to, and try to better your operation for 2020. Have a goal. Whether it’s ROI, yield or operationally, try to do one thing better than in the past. If seed is one place you could do better, it all starts when the seed comes out of the bag. What population is the best population for your hybrid/variety? What is the soil type best for these hybrids or varieties? Does that product have good plant health, or could it use a fungicide? If you don’t know the answers to these questions, that is what our sales reps are for!

We at Liqui-Grow have spent lots of time learning the best placement and management for these products we provide to you. Our research department has even been conducting trials on management to help answer some of these questions. See the data below for examples of trials being conducted. Fig 1. shows 1447VT2P will continue to have greater yield potential in higher yielding environments than the average hybrid. Fig 2. shows the economic optimal seeding rate (EOSR) for each hybrid, in a given yield environment.

As we prepare for spring, let us help you make these decisions and get a plan together to better your farm for 2020!

Figure 1

Figure 2


 

Winter Agronomy Meetings Near You

photo of Dr. Jake Vossenkemper
Dr. Jake Vossenkemper
Agronomy Research Lead

 

 

 

 

 

 

 

 

"This winter we will be hosting a local meeting at nearly every one of our retail locations."

In the winter of 2016/2017 I started conducting winter meetings at some of our local retail locations to discuss pertinent crop management issues/challenges and findings from some of your local research plots. Since I began these meetings, the number of our retail outlets interested in myself hosting such a meeting has grown. This winter we will be hosting a local winter agronomy meeting at nearly every one of our retail outlets.
 

The Topics

“A Co-inoculant for Increasing Soybean N Supply, Yield and Profit”

-Dr. Jake Vossenkemper

“In-Season Nutrients for Corn”

-Dr. Brad Bernhard


 

Newsletter Archive - COMING SOON

Quarterly Newsletter: October 2019

Top Banner of Corn

OCTOBER

Liqui-Grow’s
Agronomy Research Book

Hidden Genetic
Potential in Seeds

Potassium Deficiencies in Soybeans, 2019

 

Owner's Update

Liqui-Grow is committed to sourcing farmer crop input financing on your behalf. We know that you have many choices when making your 2020 input partner decision. We have diligently worked on our customer’s behalf to line up options for 12-15 mo. financing choices at VERY LOW APR’S.

Many of these are through John Deere Financial & Rabobank, but there are also other options available. Liqui-Grow is able to offer fertilizer financing as well as Crop Protection & Seed. Ask us for further details.

-Scott, Hov & Bruce Tinsman

photo of owners


 

Agronomy Research Book Coming Soon

Cover of Agronomy Research Book

Since the spring of 2015 I have been conducting research on new products and management practices farmers can potentially use to increase both corn and soybean yields and profitability. By now I have amassed a bunch of results that are finalized and ready to share.

I will share these results in the form of a book, which will contain research on fertilization products and practices, seed treatments for soybeans, fertilizer additives and much more. These research summary books will be available later this fall at any of our Liqui-Grow locations. You can also request a book by calling the main office (563-359-3624) or via email by emailing Tammie Suhl at tjs@liqui-grow.com.


 

Hidden Genetic Potential in Seeds

photo of Katie Hess
Katie Hess
Seed & Seed Treatment Manager

 

 

 

 

 

 

 

 

 

"A kernel of corn or a soybean still appears to be the same as it was 30-50 years ago. What potential seed has, is what has changed."

Technology can come in many forms. Most of the time it looks and feels new. Seed is not that way. A kernel of corn or a soybean still appears to be the same as it was 30-50 years ago. What potential seed has, is what has changed. More precise research and development has brought us more yield potential, 2019 is proof of that. As farms are being harvested, and in areas not lost completely to Mother Nature’s dealt hand, yields are meeting or exceeding expectations. So, as I continue to get the question, “Why does this seed cost so much?” I will continue to answer with, “Because of the genetic potential and technology suppliers are putting into it.”

Seed is the first decision to make when setting yield goals. It can’t be the only decision. There has to be a solid fertilizer, weed management, and plant health program put together to help seed reach its genetic capabilities. Our staff at Liqui-Grow is fully trained to help you reach yield goals and the return on your investment. Over the past year we have been training on hybrids and varieties more than ever to help you make the right decision on your own acre.

Unfortunately, we lost some planned plots to the spring weather events. The remaining plot results will be posted once again on our website: www.liqui-grow.com. It’s a great start to see the genetic potential these hybrids and varieties have.


 

Potassium Deficiencies in Soybeans - 2019

photo of Dr. Jake Vossenkemper
Dr. Jake Vossenkemper
Agronomy Research Lead    

 

 

 

 

 

 

 

 

"While higher than normal soybean yields are clearly a good thing, high soybean yields also remove large amounts of potassium from the soil."

In the summer of 2019, I observed more potassium deficiencies in soybeans than I have ever seen in my 12 years as an agronomist. Why? These deficiencies in 2019 could be explained by a number of factors, including poor root development from early saturated soils, the dry soil conditions that most of us experienced from mid-June to mid-August or that potassium soil test levels are well below the optimum in some fields.

Dropping soil test potassium levels could be a key culprit given many of us have had exceptional soybean yields over the past few years (2016, 2017 and 2018). While higher than normal soybean yields are clearly a good thing, high soybean yields also remove large amounts of potassium from the soil.

Many may be surprised that a 65 bu/ac soybean crop removes nearly 80 lbs of potassium per acre from the soil. Ramp that up to 80 bu/ac and removal increases to nearly 100 lbs of potassium per acre. While it’s hard to complain about above average soybean yields in the not so distant past, it’s also important to replenish your soils with fertilizer potassium so that high soybean yields can be maintained.

Potassium Removal Chart

Yellow tinted soybean leaves showing potassium deficiencies.

Potassium deficient soybeans near Morning Sun, IA in 2019. Potassium deficiencies in soybeans are indicated by yellowing and or necrotic leaf margins often in the upper half of the canopy.


 

Newsletter Archive - COMING SOON