Currently, as of mid-August, geopolitical risk is the largest risk with a “code red.” The unrest in Ukraine and tension in the Middle East move markets daily. Unfortunately, agriculture is often the industry first affected by political and military unrest....More
Midwest farmers are deploying many techniques for planting cover crops: broadcasting with fertilizer spreaders, flying on the cover crop and modifying high-clearance sprayers. Others are pairing cover crop seeding with another field operation, such as vertical tillage, manure application or even combining....More
This installment of 5 Ag stories to read offers best management practices for insecticide applications to help maintain water quality. There are also some crop insurance numbers, and an interactive map showing ag production for all states. Also hear what one family is doing for on-farm conservation. For a little fun, catch a fun "Frozen" parody from the infamous Farmer Derek.
“If you’re going to grow high-yielding corn, you’ve got to get your nitrogen management correct; we can’t fail,” says Jason Webster, director, Central Illinois Practical Farm Research. “Nitrogen is the one thing we can control.”...More
While the recently passed Water Resources Reform and Development Act “moves the needle,” far more needs to be done, says Paul Rohde, Midwest area vice president for the Waterways Council, Inc. He warns that by the end of this decade, 78% of waterway locks will have surpassed the end of their design life....More
USDA released the August Crop Production and WASDE reports, predicting an increase in both corn and soybean production, and a decrease in prices. Ending stocks are increased for corn and are flat for soybeans....More
It appears that corn producers in Minnesota and Iowa who remained in the ACRE program for the 2013 crop year will have a good chance of receiving an ACRE payment in October of this year. Any potential 2013 ACRE payments to qualifying farm operators will be sent out by local Farm Service Agency (FSA) offices after Oct. 1, 2014....More
This installment of 5 Ag stories to read reminds growers to scout corn and soybean fields for stink bugs, and also talks about the impact cooler weather has on corn yield. Read about Russia's recent ban on food imports from Europe and the U.S., and how that's impacting markets. There's also a progress update on the implementation of new farm programs in the 2014 Farm Bill. Finally, enjoy a little trombone serenade by one farmer...to his cattle!
Agriculture Secretary Tom Vilsack has announced continued progress on implementing the Agricultural Act of 2014 (the 2014 Farm Bill), which President Obama signed into law nearly six months ago on Feb. 7, 2014. The 2014 Farm Bill reforms agricultural policy, reduces the deficit, and helps grow America’s economy.
“I’ve learned to put more time in producing, trusting my grain elevator to do much of the marketing,” says Steven Albracht, a Hart, Texas, grower who has a corn, cotton and triticale rotation, all under irrigation. Albracht knew the corn pipeline would eventually refill and put pressure on prices. That’s why he made sure his 2014 corn was being marketed while he was on the combine cutting his 2013 crop....More
As companies line up to offer you solutions based on their proprietary algorithms that you adopt the same position as President Reagan did in negotiating arms treaties with the Former Soviet Union – “trust, but verify”. If a company tells you that their proprietary algorithm says you need 50 lbs. of additional N, use your technology to verify....More
Farmers using cover crops as a soil conservation method can remove much more corn stover per acre for biofuels or other uses and at the same time potentially increase their income, Purdue University research shows....More
Farm operators and land owners will have several one-time choices to make in the coming months regarding their farm program participation for the 2014-2018 crop years. Since the commodity farm program choices are for five years, land owner approval and signatures will be required on all cash and share rented farm land. Some of the choices include: reallocation of crop base acres, farm program payment yields and risk programs....More
A young agricultural lender recently asked, “With tighter margins anticipated in the future, where should producers focus their energy to maintain viability of their operations?” While there is no one strategy to fit all, the following is some advice that can be applied regardless of the business cycle or business enterprise....More
Good pollination, good weather and a projected average yield that will push 170 bushels per acre – or more – are putting extensive pressure on corn prices. But will they crash through $3 at your local elevator? It’s not out of the question, says Ed Usset, University of Minnesota grain marketing specialist....More
Corn prices, as measured by the national average corn price received by farmers, are sinking below the $4/bu. mark for the first time since summer, 2010. By harvest, cash corn prices could be $3.50/bu. or less. Old-crop soybean prices have stubbornly held their ground much better than corn, but new crop prices of $10/bu. or less are a real possibility by harvest. Like corn, we need to go back to 2010 to find sub-$10 soybeans....More
As corn harvest draws near, the anticipation of corn yield grows. Ohio State University offers two methods for estimating corn yield before harvest: yield component method and ear weight method....More
This installment of 5 Ag stories to read reminds growers to check soybeans for white mold, and to be sure they're in compliance when it comes to the new conservation measures in the 2014 Farm Bill. There are Q&As for those who need some tips on farmland leases, and ideas on reducing yield loss when it's time to harvest corn. Finally, read some funny lessons learned from farm mistakes.
Mostly dry weather prevailed in the Midwest, except for locally heavy showers in North Dakota, northern Minnesota, and the middle Mississippi and lower Ohio Valleys. Despite a July drying trend, most Midwestern corn and soybeans continued to thrive due to near- to below-normal temperatures and abundant soil moisture reserves.
We've posted several new videos covering relevant topics for farmers, including: land risk management, cost management strategies, cost of production, marketing strategy for low-priced corn and more. Check out these videos for insight and tips from industry experts including David Kohl, Matt Roberts, Mike Boehlje and Michael Langemeier.
Todd Keuthe, University of Illinois, talks about the market for farmland. "Most farmland owners see it as a long-term investment," Keuthe says. "People are willing to pay 34 times what they expect to earn."...More
“In a 2010 survey, we asked landlords to rate the importance of characteristics they consider when evaluating tenant performance,” says J. Gordon Arbuckle Jr., a sociologist at Iowa State University. “More than 90% of landlords ranked ‘ability to maintain soil productivity’ and ‘ability to avoid soil erosion’ as important or very important."...More
There is a huge amount of dry powder on the side line to push prices higher if the weather can provide some questions on the way to the finish line. Even with the cooler temps and limited moisture going into the final stages of corn production, yields could see some of the top knocked off and support prices....More
It is not only today’s low interest rates, but the fact that there has been little movement in rates over almost a half a decade which is interesting. The accommodative Federal Reserve, attempting to stimulate the general economy, has, in turn, stimulated the agriculture and rural economy, putting it on steroids with extreme appreciation in farmland values and a depressed dollar, which has been very beneficial to agricultural export markets....More
Crop conditions across much the Midwest have been quite favorable through most of the growing season until late July, especially in the high-producing corn and soybean production states of Iowa, Illinois and Indiana, as well as other adjoining states....More