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 …
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Corn Plantings to Overtake Soybeans in 2019
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 …
Tariffs to Change U.S. Crop Plantings
The trade war between the U.S. and China is likely to shift U.S. soybean plantings to corn. For the first time in three decades, U.S. farmers planted more soybeans than corn in 2018. However, that’s likely to reverse again due to tariffs on U.S. soybeans from the ongoing trade war between the U.S. and China. Dow Jones Business and Financial …
Hurricane Causes Heavy Losses for Panhandle Farmers
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: Wet Harvest Continues Next Week
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 …
Grain Industry Seeks to Modernize Global Ag Commodity Trade
The world’s largest grain processors are jointly seeking to standardize and digitize global agriculture shipping transactions. Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus announced the collaboration this week in an effort to benefit the entire industry and seek broad-based industry participation to promote global access and adoption. Initially, the companies are focused on technologies to automate grain and oilseed …
Updated Damage Assessments from Hurricane Michael Released
New and updated damage assessments continue to show unprecedented losses for Georgia’s number one industry. “These estimations are a clear indicator of the unfortunate devastation many of our farmers and farm families have had to endure,” said Georgia Agriculture Commissioner Gary W. Black. “These staggering numbers are tough to read, but Georgia farmers have shown great resilience through this unsettling …
UF Student Helps Design Corn Maze at Local Farm
Farmers and ranchers across Florida are fighting lack of consumer education on food systems by opening their properties to the public in a practice called agritourism. Agritourism allows non-farming folks to learn about the day-to-day operations of a working farm and see first-hand where their food comes from. One such farm is the Single R Ranch in Plant City, Florida. …
WASDE Anticipates Lower Harvests for Corn and Soybeans
The October World Ag Supply and Demand (WASDE) report predicts corn and soybean yields will both be lower than previously expected. Corn production is forecast at 14.78 billion bushels, down 49 million bushels due to a reduced yield forecast. Corn supplies going into harvest are forecast to be a record-high number, exports were raised by 75 million bushels, and USDA …