Farm Industry Trends

  • Bring Home the Bacon

    After at least two years of massive losses, hog farmers are now starting to enjoy much higher prices for their products.  Most of the studies I have reviewed indicated that most farmers that raised hogs probably lost anywhere from $20 to $60 per hog produced in 2008 and 2009.  Based on the higher current prices, […]

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  • Wheat Futures are Up – Cash Market is Barely Up

    It appears as usual that there is a buying frenzy in the wheat futures market that has not totally transferred over to the cash market.  Since early June, the Wheat Futures market has gone up by about 80% whereas the cash market has gone up by much less leading to a large widening in the […]

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  • How High Will the Potash Corp. Price Go

    Reuters is reporting that Potash Corp. has formally put pressure on BHP to raise the price for its takeover of Potash Corp. or have the company get sold to some other company.  BHP originally bid $130 per share for the company or $39 billion in total.  The price has already jumped to over $150 per […]

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  • Crop Tour Recap

    Here are my comments regarding the crop tour: The corn crop looked good, however, most of Iowa had issues with tip-back where the water on the ground deprived the ear of the nutrients to get the last full inch of the ear filled.  This is the main reason why the Iowa crop looks like it will […]

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  • The Crop Tour – Day 4

    Today, we have a very long drive ahead of us as we traveled from Spenser, Iowa, headed north into Minnesota.  We then headed west almost to the South Dakota border.  We then turned north and started to do our counts in those four counties along the border.  At Canby, we then turned south and east […]

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  • The Crop Tour – Day 3

    Today was a free form day for us.  We had Brian from Pro Farmer with us and he was doing multiple radio interviews through out the day so we had to stop at various times and let him make his calls in the best cell phone area that we could find.  I have A T […]

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  • The Crop Tour – Day 2

    We spent the night in Grand Island, Nebraska last night.  It had rained a little bit last night during the update, but I did not expect to wake up to constant rain and to find out that we had gotten 2.44 inches of rain overnight. We left the hotel at about 6:45 and headed due […]

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  • First Day on Crop Tour – Part 2

    Just got back from the meeting with the other participants and local growers.  Looks like there were about 200 people or more in attendance.  Our counts versus the other routes for the day seemed very similar.  The one thing that stood out to me was the drilled soybeans in South Dakota had some wildly high […]

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  • Farms Over $1 Million in Revenue Account for Almost Half of Farm Sales

    According to the USDA (using 2007 information) farmers who grow and raise more than $1 million in annual farm sales account for 47% of total farm production.  The survey done by the USDA compared 2007 to 1991 and there are several interesting facts in the survey: Very small farms have increased by over 315,000 during […]

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  • US Farm Managers are on a Roll

    I was skimming through the Reuters.com website the other day and came across an article on how US Farm Managers are enjoying the benefits of the Baby Boom Generation of farm land transfer and the continued high farm land prices. Most of these larger national farm managers went through crisis in the early to mid […]

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