MID-WEST FARM REPORT - MADISONMID-WEST FARM REPORT - MADISON

Bankers Watching Farm AI And Negative News From Tour Taints Markets

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AI isn't something you imagine banks are paying attention to - but they are!  Bob Bosold finds out why from Lyn Paulson from Bell Bank explains why they see artificial intelligence as a tool, not always a solution.  Paulson says it does require investment and that's why banks are monitoring the appetite for technology.

Weather stays calm today with a chance of rain creeping across the state.  Stu Muck gives us the moving patterns.

It's all about who shows up.  Ashley Huhn with the Steffes Group says that with online auctions, your audience grows exponentially.  He cites an example of a tractor sold to a WI operator.  Price was around $200,000 which was directly dictated by the open interest of others online.  Paid for by the Steffes Group.

Congratulations to all the award winners from the Blue Ribbon Dairy Products Auction at the WI State Fair.  Josh Hennings from Hennings Cheese in Kiel was named the Grand Master Cheesemaker!

Markets reacted to a less than rosy picture of what crops look like from day one of the ProFarmer Crop Tour.  John Heinberg, market advisor with Total Farm Marketing is monitoring those reports.  He says the market reacted immediately to news that yields were down compared to year-ago figures.  Heinberg says it's not just about the actual numbers, but instead the trends that are being revealed.  He also said the market is still very volatile after Tyson Foods announced a major plant closing in Illinois that will fragment cattle movement.

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