Midwest Crop Tour – Day Two – Part Two
Just finished up with the dinner and presentation on the numbers. Appears there was almost 200 farmers in attendance.
Nebraska corn was called about 4-5 bushels less than last years crop tour’s numbers but almost exactly equal with the three year trend. This was in line with my two days of going on the route. I did not see any bumper crops out there, but also did not see any major disasters.
The big news of the night was the crop in Indiana. The USDA was calling for 150 bushels on August 1. The Crop Tour came in with about 143 bushels which is about 19 bushels under the three year trend. Normally, the Crop Tour numbers need to about about 2-3 bushels to get the actual number for the year. This means the USDA number may be about 5 bushels too high.
Since both South Dakota, Ohio and Nebraska call for lower numbers, it is up to Iowa and Illinois to make up for the Indiana shortfall. We will find out on Illinois tomorrow and Iowa on Thursday.
I will keep you posted.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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