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What Happens if the Soybean Farmer's Biggest Customer is More Regulated or Moves Offshore?

Regulations on our biggest customer – the U.S. livestock industry – could add more than $16.8 billion annually to U.S. consumers’ grocery bill. So says a study funded by the United Soybean Board (USB) if regulations are imposed on U.S. poultry and livestock sectors that raise input costs by 25%, the study finds.

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  • May 17, 2012
    Article

    Farm Labor Report: Hired Workers Down Nearly 5%, Wage Rates Up Nearly 2% From a Year Ago

    There were 575,000 workers hired directly by farm operators on the nation's farms and ranches during the week of January 8-14, 2012, down nearly 5% from a year ago. Workers hired directly by farm operators numbered 748,000 for the following quarter's reference week of April 8-14, 2012. Because NASS did not publish estimates for the April 2011 quarter, no previous year comparison is available for April....More
  • May 16, 2012
    Article

    DCP, ACRE Sign-Up Ends June 1

    USDA Farm Service Agency (FSA) Administrator Bruce Nelson reminds farmers that enrollment for the 2012 Direct and Counter-Cyclical Program (DCP) and the Average Crop Revenue Election Program (ACRE) ends June 1, 2012. “We want producers to know that DCP and ACRE are still available for enrollment,” says Nelson....More
  • May 15, 2012
    blog

    The Rule of Ten

    The lead-in to this topic came from a farmer who had heard me speak about the Rule of 10 a number of years ago, and had experienced it in his own business. The gentleman is over 50, and has operated the farm for more than 30 years. Let’s explain the rule....More
  • May 15, 2012
    Article

    U.S.-Colombia Trade Promotion Agreement Goes Into Effect May 15

    Agriculture Secretary Tom Vilsack made the following statement about the U.S-Colombia Trade Promotion Agreement, or Colombia TPA, which enters into force today."Beginning today, U.S. agricultural exporters receive duty-free access on more than half of the products we currently export to Colombia, and virtually all remaining tariffs will be eliminated within 15 years."...More
  • May 10, 2012
    Article

    Agricultural Risk Coverage Program and Multi-Year Price Declines

    The Senate Agriculture Committee recently passed a version of the farm bill that now moves for debate in the entire Senate. This bill replaces direct, counter-cyclical and SURE payments with Agricultural Risk Coverage (ARC), a revenue-based program that is further described in yesterday’s post by Carl Zulauf. Here, ARC payments are computed for cases in which prices are low for several years. This emphasis is taken as ARC is specifically designed to provide protection in cases of multi-year revenue losses, cases in which crop insurance often provides limited protection....More
  • May 8, 2012
    Article

    USDA Advances Water Quality Conservation Across the U.S.

    Agriculture Secretary Tom Vilsack has announced the launch of a new National Water Quality Initiative committed to improving one to seven impaired watersheds in every U.S. state and territory. The 157 selected watersheds were identified with assistance from state agencies, key partners, and NRCS State Technical Committees. USDA's NRCS will make available at least $33 million in financial assistance to farmers, ranchers and forest landowners this year to implement conservation practices to help provide cleaner water for their neighbors and communities....More
  • May 8, 2012
    blog

    Student Loan Dilemma

    The other day my road warrior travels took me to New England to a pre-wedding party for my son and his fiancée. After meeting everyone (boy, do they talk funny up there), a young man at the party struck up a conversation with me. He currently lives in New York City and graduated from a university three years ago....More
  • May 8, 2012
    blog

    Too Much Rain and 2012 ACRE Details

    It’s hard to believe that in less than a 10-day time period we can go from concerns over drought to excess rainfall, which is causing flooded fields in some areas. That is exactly what has happened dung the last few days of April and the first week of May in some parts of southern Minnesota. Much of the rain came as part of intense thunderstorms with heavy downpours that caused some flash flooding, and featured strong winds and large hail in some areas. The wind and hail did cause some isolated building and property damage in rural areas, but had very minimal impact on the newly planted crops....More
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