Geographies at the greatest risk of consolidation are those that rely heavily on wheat and cotton production; where drought continues to be an issue, including the Great Plains and the southeast Cotton Belt; and areas of the Corn Belt with marginal soils. As always, economists say the size of an operation is a factor.

A farmer recently asked Jon Scheve if he should take advantage of the free storage programs his end user was offering and move grain now. Scheve's response: Absolutely not. Here's why.

The spread between your break-even with the cost of production model versus the cost of doing business model has never been as far as it is now. Be sure to know your true costs.