Corn stocks up are up significantly from 2013, and bushels in on-farm storage are up 68% from last year, according to the Sept. 30 Grain Stocks Report from USDA. Soybean stocks, on the other hand, are down about a third from last year, and on-farm stored beans are down nearly 50% from 2013....More
The 5 Ag stories to read this week talk about the possibility of skipping Bt-traited corn in 2015 to help save costs, and offer examples of low returns for 2015. There is also help for making decisions regarding the new risk programs in the 2014 farm bill. Read what farmers learned in 2014, and remember to practice safety this harvest season as National Farm Safety and Health Week comes to a close.
Harry McCune, Walnut, Ill., farms just over 3,000 acres, and grows mostly corn with a few soybean acres. He recently spoke to CSD Managing Editor Susan Winsor about how he is managing his corn crop as corn prices continue to dip. "I think we have to get back to some more basic things," he says. From agronomics, including nitrogen management, to increasing yield, McCune is doing what he can to grow the best corn crop for his land....More
The September issue of Corn+Soybean Digest offers a lot for readers. From data management to tips for financial success in turbulent times, what farmers learned in 2014 to strip-till tips. Check out these feature stories for insight on Ukraine corn exports, as well as marketing advice for low prices, using tillage for weed control and cover crop seed mixes.
In the long run, the key to success in a commodity business is being a low-cost producer. That advice comes from Purdue Distinguished Ag Economics Professor Michael Boehlje. “When you wake up each day, tell yourself, ‘My job today is to lower my costs,’ he says. “The only trouble is that Ukraine woke up seven hours earlier and got a head start on it.”...More
The continued low CBOT corn and soybean prices increases the likelihood of significant 2014 crop insurance indemnity payments for many Minnesota farm operators that have 80% and 85% RP insurance policies in place. Crop insurance payments may not be as widespread in states such as Iowa and Illinois, which are likely to have much higher 2014 corn and soybean yield levels than will exist in much of Minnesota....More
As you think about retirement, keep in mind how inflation can impact your investment strategies. At a 4% historical long-term inflation rate, $50,000 becomes $25,000 in buying power by the year 2032 (72 / 4 = 18 years). As a goal, one should aspire to generate a return on your investments including dividends and appreciation that meets or exceeds the rate of inflation to maintain buying power....More
The National Center for Public Policy Research is urging General Mills investors to vote down a shareholder proposal that would direct the company to remove completely safe and nutritious genetically modified organisms (GMOs) from its products....More
The 5 ag stories to read this week include tips on storing grain this fall, as well as a reminder that a solid nutrient balance is important to corn yield, and not just nitrogen. Read about a new soil mapping technology from Purdue, and understand that when benchmarking your farm, it's important to use relevant benchmarks. For a little enjoyment, read about how you know you grew up on a farm when… .
David Friedberg, CEO, Climate Corporation, recently talked to CSD Managing Editor Susan Winsor about using Climate Pro and Climate Basic on the farm. The apps and programs help farmers see growth stages, soil moisture, offer recommendations for harvest based on grain moisture, and more, including field work decisions....More
Corn prices are still low, so Corinne Alexander, Purdue University ag economist, advises storing corn if possible, particularly on your own property. "Keeping crops in on-farm bins, elevators or silos and waiting for market conditions to improve makes the most financial sense," she says....More
Sanctions and trade disruptions in the ongoing Ukraine-Russia dispute have yet to hamper Ukraine’s corn exports, which the U.S. Department of Agriculture (USDA) estimates at almost 800 million bushels for the 2013/14 marketing year....More
When corn was $5, $6 or even $7 per bushel, why didn’t I sell more? When soybeans hovered in the teens, why didn’t I pull the trigger? With 2014 harvest prices projected below $3.50 for corn and $10 for soybeans, many farmers are asking these questions....More
Corn can be significantly wetter with a late harvest, resulting in higher drying costs and mechanical damage to grain. In addition, freezing temperatures occurring before normal crop maturity (i.e., prior to kernel black-layer development) also may reduce corn yields. Consider these management tips from experts at DuPont Pioneer....More
Tim Koosmann switched to strip-till from ridge-till five years ago to capture the efficiencies of phosphorus and potassium banding in continuous corn. Real-time kinematic (RTK) satellite navigation makes it relatively simple, and he’s building long-term soil organic matter and productivity....More
The USDA Crop Production Report released Sept. 11 is projecting record U.S. production in 2014 for both corn and soybeans. Production levels for both crops were increased by about 3% in the latest USDA report, as compared to the August USDA report. USDA left the anticipated harvested acres for corn at 83.8 million acres, and for soybeans at 84.1 million acres, which are unchanged from the Aug. 1 estimate....More
The saga of the young farmer and rancher continues as transition in the agriculture industry is in full bloom. While there is no surefire way to get started, there are some common threats, whether starting from scratch or entering a family business. Let’s examine some of the threats and pitfalls that frequently arise....More
The latest USDA Crop Progress Report shows corn harvest starting in several states. The overall corn crop is just over 25% mature, which is behind average. Crop conditions remain over 70% good/excellent, and well ahead of last year's conditions. The soybean crop has been dropping leaves on almost a quarter of the overall crop. Conditions held on to more than 70% good/excellent....More
Following the worst drought in his farming career – and growing frustration over competition for land – Les Albrecht expanded his operation internally in 2013 by adding five circles of irrigation to his dryland operation....More
These 5 ag stories to read talk about the impact of recent low temperatures on soybean yield, and remind growers to scout corn fields for stalk and ear rots before harvest. There is also big picture information about the choices farmers will soon make regarding the 2014 Farm Bill. Read advice on using tillage to control resistant weeds, and for the hunters, check out the 2014 pheasant hunting forecast.
Ault spoke with Managing Editor Susan Winsor about the current disconnect with data in agriculture, as well as how OADA can help farmers manage data and make it work for them, and help with the tasks farmers need help with....More
Corn production is forecast at 14.4 billion bushels, up 3% from both the August forecast and from 2013. Soybean production is forecast at a record 3.91 billion bushels, up 3% from August and up 19% from last year....More