Commodity Marketing
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FSA Releases New Farm Bill Fact Sheet
The FSA released today a six page fact sheet on the new farm bill. It recaps the major changes that were included in the 900+ page farm bill. Most of the material has been covered on several of our posts over the last month or so. We are doing a webinar on the new farm bill […]
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If Corn Drops a $1, How Much Does Farmland Prices Drop?
AgriBank, which is owned by 17 affiliated Farm Credit Associations primarily located in corn belt states issued a 14 page analysis of farmland values and the effect on these values if commodity prices decrease or interest rates rise. Their analysis included regression studies and here are some of the conclusions: If net farm income or […]
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Day 2 & 3 of the NW Co-Op Council Meetings
David Enquist from our Moses Lake, Washington office is providing the following recap of day 2 and 3 of the NW Co-Op Council annual meeting. Days 2 had presentations focusing on succession planning, reputation management, talent management, and an awards banquet. The succession and talent management presentations tied in very well together as properly identifying […]
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MidWest Crop Tour
Just letting everyone know that I am leaving bright and early tomorrow morning to fly to Cedar Rapids, Iowa. Chris Barron is picking me up at the airport and we are then headed to Columbus, Ohio. We will spend the night in Bloomington, Illinois (most likely) and then meet up with about 100 scouts in […]
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Top Farmer – Day 2 – Last Session
The final session of the day was presented by Marcos Fava Neves of the University of Sao Paulo, Brazil on the Brazilian Agriculture Perspective. Marcos is based near Sao Paulo which does not have much soybean or corn production in the area. Rather, they are in the heart of sugar cane country and Ethanol plants. Marcos […]
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Top Farmer Day 1 – Session 2
My next recap is in regards to the “Crop Markets in Transition” presented by Darrel Good of the University of Illinois. Darrel noted that there is the potential for a 14 billion bushel crop with added production in South America, it may be tough to meet the export estimates by USDA. Ethanol consumption should pick […]
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Remember, Corn is Not Just Grown in the Corn Belt
With today’s release of the USDA acreage report, it is becoming more apparent that the production of corn is rapidly expanding outside of the corn belt. North Dakota (3.9 million acres) for 2013 has almost planted as much acreage to corn as Ohio (3.95 million acres). My father was born in South Dakota and was […]
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ACRE Produces Higher Payouts Than New Farm Bill Proposals
Gary Schnitkey of the University of Illinois just released an excellent analysis of the projected crop payments under the old ACRE program or the proposed Senate ARC or House RLC or House PLC programs. As most know, under the old Farm Bill, a farmer could elect to participate in the ACRE program in return for […]
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Update on 2012 Crop Insurance Losses
Farm Doc Daily from the University of Illinois just release an extremely good article updating the total net crop losses incurred during 2012. As most of us are aware, 2012 resulted in the highest amount of indemnity payments ever paid under the crop insurance system at slightly more than $17 billion. 2010 was in second […]
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Corn & Bean Prices Are Approaching the Spring Price
As I type this post, December corn futures are currently trading at $5.59 and November beans futures are at $12.84. Both of these prices are within a few pennies of the spring price that was set based on the average February prices of these futures contracts ($5.65 and $12.87, respectively). It is interesting that after […]