farm futures

Farm Futures Survey Shows Planting Intentions

Dan Corn, Cotton, Field Crops, Industry News Release, Soybeans, Wheat

A survey by Farm Futures finds growers said they want to boost corn and cotton acreage, while cutting back on crops affected by China’s import tariffs on soybeans and sorghum. Farm Futures surveyed 626 farmers in December and January and reported soybean planting intentions of 84.6 million acres, down 5.5 percent from 2018, but more than the 82.5 million projected …

decline

Corn Producers See Value through Red Meat Exports

Dan Beef, Corn, Exports/Imports, Industry News Release

The U.S. Meat Export Federation (USMEF) recently received the results of an updated study aimed at quantifying the value delivered to U.S. corn producers through exports of red meat. Joe Schuele reports the original 2016 study, as well as the 2018 follow-up, were conducted by World Perspectives, Inc., a leading agricultural consulting firm. Dave Juday, senior analyst for World Perspectives, explains that …

Chinese subsidies

Second Round of Trade Aid Payments Underway

Dan Corn, Cotton, Dairy, Economy, Pork, Wheat

The U.S. Department of Agriculture (USDA) is moving forward on the second and final round of trade mitigation payments to farmers hurt from retaliation by America’s trading partners. Commodity producers are now eligible to receive market facilitation payments (MFP) on the second half of their 2018 production. USDA has been sending out the first round of MFP payments to producers …

trade

NCGA: Trade Aid Comes up Short

Dan Corn, Industry News Release, Trade

The National Corn Growers Association says the second round of trade aid payments provide virtually no relief. According to NCGA the payments, released by the White House last week, sets the payment rate for corn at just one cent per bushel, despite the fact that corn farmers have suffered an average 44 cent per bushel loss since tariffs were first …

corn

Corn Plantings to Overtake Soybeans in 2019

Dan Corn, Industry News Release, Soybeans

An analysis of USDA data says corn will take over the top spot from soybeans in planted acres during the next growing season. The Hagstrom Report says it is a reaction to market conditions created by President Donald Trump’s tariffs on Chinese imports. The data shows corn plantings will likely exceed soybeans by nine to 10 million acres between 2019 …

hurricane

Hurricane Causes Heavy Losses for Panhandle Farmers

Dan Beef, Cattle, Corn, Cotton, Dairy, Field Crops, Florida, Livestock, Peanuts

Hurricane Michael will cost Florida farmers an estimated $158 million because of damaged crops, including major damage sustained by cotton farmers, according to a University of Florida study released Friday. Economists with the university’s Institute of Food and Agricultural Sciences projected that nearly 1 million acres of crops such as cotton, nuts and vegetables, along with beef, dairy and other …

drought monitor

Drought Monitor: Wet Harvest Continues Next Week

Dan Corn, Industry News Release, Soybeans, Weather

The U.S. Drought Monitor weekly update shows more wet weather ahead for the Midwest. Much of the Corn Belt received adequate or above needed moisture this growing season. However, pockets in Missouri, Kansas and Oklahoma were extremely dry. Recent rains have turned the tables, and much of the Midwest is experiencing wet harvest conditions. The Drought Monitor notes that a …