Midwest Crop Tour – Day 2
We left Fishers, Indiana early this morning and headed northwest to the Illinois border and then turned due south to Paris (I told my wife that I always wanted to go to Paris, but did not realize it would be Paris, Illinois). We had lunch in Paris and then turned west for about 50 miles and then turned north to finish up at Bloomington.
Indiana corn averaged about 130 and Illinois was closer to 120 on our route. We stopped and visited with two farmers west of Paris. They had been harvesting for about a week and running the combine was going very fast.
Other scouts today found much worse fields than what we found on our route. The final numbers for Indiana showed estimated yield of 113. USDA was right at 100 so our samples were higher but still very close. The number for Nebraska was overall estimate of about 132 versus a three year average of about 157. This appears to track very closely with USDA numbers.
I think there may have been a two day Midwest Crop Tour price rally. Unless Iowa and Illinois is really bad, the rally may have run it’s course but Mr
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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