Lots of rain in early summer changed drought conditions in the Midwest, compared to what it looked like just before planting began. Here's a current look, and look back, at how the U.S. Drought Monitor has changed from planting season to now. We'll update the gallery each week with the latest map.
Marketing year-ending stocks for corn are expected to be 172 million bushels smaller and the average farm price is expected to be 25¢ higher than projected a month earlier. Darrel Good, a University of Illinois agricultural economist, says uncertainty surrounding these projections is likely greater than is normally the case for this time of year....More
Agriculture is in a time of transition that will affect assets, operations and people. The ag lending industry, however, is also in a time of significant transition. Similar to agriculture, the careful management of this transition will be critical; especially, as some segments of agriculture enter turbulent economic times....More
The 5 ag stories this week remind growers to check grain bins when the weather is wet, warm and humid, and to scout for white grubs in corn fields. Learn about China's soil moisture depletion, and the cause. See the decline in land values, and finally, enjoy a graphic showing just what it takes to be a farmer.
Each season, farmers across the country face adverse weather conditions that impact the health and yield of their crops. These conditions can include drought, flooding, wind, thunderstorms and extreme temperatures.
winter wheat that had been drenched by heavy June rainfall. However, drying conditions were less than ideal due to lingering showers in the southernmost Corn Belt and below-normal temperatures. Weekly temperatures averaged at least 5° F below normal in a broad area stretching from the central Corn Belt into the Northeast.
Overall, the United States economy at halftime will grade out strong for the coasts and in the southern part of the country. Weather will of course, continue to play a large role in our overall economic state. In any scenario, however, a sense of caution is prudent in the flyover states....More
Wet weather has delayed POST herbicide applications in both corn and soybeans. This can result in weeds and crops that are larger and more advanced in growth stage than anticipated. The larger crop is primarily a problem in corn, where a more advanced growth stage can start to limit herbicide options....More
The 5 ag stories to read this week reminds corn growers to scout for diseases. Get corn yield forecasts, as well as a price outlook after the stocks reports from USDA. Let your smartphone help you farm this summer with mobile apps, and finally, enjoy a fireworks show from a drone perspective.
University of Illinois Agricultural Economist Darrel Good says that while considerable uncertainty will persist for the next three months, the recent USDA reports substantially increase the odds that the average farm price will be above $4 for the 2015-16 marketing year and that the average soybean price will once again be near $10....More
While difficult, decisions of restraint during the super cycle of profits put producers at an advantage going into this economic downturn. Many of them forward priced with a guaranteed profit instead of waiting for possible higher profits. This looks like a smart strategy from today’s perspective....More
For generations, the standard measure for corn growth was knee-high by July 4th, which meant that the corn plant should be able to produce a crop for that year. Of course, most farmers a couple of generations ago had much lower yield goals for their corn than the farmers of today. Today, waist-high, or higher, corn by July 4th is a more typical, and has resulted in some very good corn yields in most areas in recent years. It is difficult to get exceptional corn yields in the southern half of Minnesota, if corn is only knee-high or smaller on July 4....More
In the 5 ag stories to read this week, Extension experts offer insight into nitrogen needs, particularly in fields with wet soils. Get tips for reducing spray drift and read about volumetric versus fractional levels in the RFS. Check fields for ragweed and control any growing plants, and finally, enjoy some fun turkey facts for Turkey Lovers month!
Here are mobile apps to help you this growing season. From scouting weeds, insects, soybean aphids and more to calculating growing degree days, identifying weeds and getting help with integrated pest management, identifying nutrient deficiencies and calculating tank mixes, these apps offer easily accessible help while you're out in the field this summer.
From weeds to insect pests to disease, resistance to efficient, economical crop protection products is threatening their efficacy and raising costs for crop producers. So why do regulations or the chemical industry always seem to have a delayed reaction to resistance? A big part of the problem involves dueling definitions, suggests Tim Dennehy, manager, Global Insect Resistance Management, Bayer Seeds....More
Location and quality of land continue to be the main drivers of pricing for individual tracts. The stability of this market is maintained by a lower supply of land for sale, contrasted with a continued demand for quality properties. Farmers National Company statistics show the volume of properties for sale is down 40% over the past six months, as compared to the past two years.
A long term trend cannot be determined by two year periods prior or post; nevertheless, adjustments in profit levels appear to be settling in. Multi-year, high profits cause margin compression as fixed and variable costs increase. This is just another example of the old saying, “high profits cure high profits.”...More
Nitrate management in tile water is a big reason why this water control structure has slowly gained a foothold in the Corn Belt, but its potential for providing timely water to corn and soybeans may spell the future for this underground tile water management tool....More
In the 5 ag stories to read this week, experts remind you to be on the lookout for soybean aphids, and offer the best options for sidedressing nitrogen this summer. Read and watch testimony from the latest GMO labeling hearing, and check out a calendar for when to scout different corn pests. Finally, enjoy a list of ways you know you grew up in the country.
Farm improvements grew out of a voluntary environmental self-assessment, which helped Nathan Collins and his brother Sean judge the effects of their farming practices on water and soil quality. The self-assessment, called Green Star Farms Initiative, is a free, Web-based tool that asks farmers to rate their stewardship practices for crops, livestock and farmstead management....More
Showers intensified across parts of the Corn Belt, although rainfall largely bypassed the Upper Midwest and the Ohio Valley. Weekly totals of 2 to 4 inches were common in a broad area centered on Illinois, resulting in pockets of lowland flooding. Some of the heavy rain extended into the Northeast.
Nearly all of the planted corn has emerged, and conditions are still holding steady. Soybean planting is moving along, but has fallen behind average pace, along with emergence rates. Crop condition fell just slightly in the last week....More
It is imperative in today’s world of trade risk to build up extra liquidity or working capital reserves. How much is enough depends on debt servicing requirements, and marketing and risk management plans including crop insurance....More
Even though the number of avian flu cases has waned in recent weeks, the economic impacts of the worst bird flu outbreak in U.S. history are not likely to disappear any time soon. The first turkey producers in central Minnesota that broke with the virus in early March have started to re-populate their barns, slightly over 90 days after their flocks were depopulated....More