The following is a statement from North Dakota farmer Kevin Skunes, president of the National Corn Growers Association (NCGA), in response to the announcement by the U.S. Environmental Protection Agency (EPA) of the final 2018 Renewable Volume Obligation (RVO) under the Renewable Fuel Standard (RFS). “NCGA is pleased to see the EPA meet the Administration’s commitment to keep the RFS on track when it comes …
EPA Releases ‘18 Ethanol Volumes at Maximum levels; Chicken Producers Cry Foul
Agency keeps pumping corn ethanol into a saturated fuel market The U.S. Environmental Protection Agency (EPA) announced that it is mandating the statutory maximum 15 billion gallons of ethanol be added to the domestic fuel supply in 2018, the second consecutive year EPA has mandated the maximum amount of ethanol allowed under the Renewable Fuel Standard (RFS). The currently mandated …
Soybeans to Overtake Corn in 2019
The U.S. Department of Agriculture released a preview of its long-term planting projections Tuesday. The USDA considers a lot of factors when making the projections, including macroeconomic conditions, GDP growth, and farm policy. An important projection from the early release is the overall number of planted acres. Total planted acres for the eight principal crops and land in the Conservation …
Some Corn Belt Farmland Values are Stabilizing
Although it’s not region-wide, there are some signs that farmland values in the Corn Belt have begun to stabilize. A Top Producer report says Iowa farmland values rose two percent in the six months prior to September. Those same values are also three percent higher than at the same time last year. The Iowa Chapter of Realtors Land institute survey …
DuPont Pioneer Providing Industry Leading Corn Genetics
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NCGA Encouraging Farmers to Fill Out USDA-NASS Surveys
The National Corn Growers Association (NCGA) is urging farmers to spend the few minutes needed to fill out and return USDA National Agricultural Statistics Service Surveys. The surveys ask for crop-specific data and the results help USDA help farmers. Steve Ebke, a Nebraska farmer and the current NCGA Risk Management Action Team Chairman, says it’s important that growers fill out …
Some Good News for Corn in the Latest USDA WASDE Report
Last Thursday, the U.S. Department of Agriculture estimated a corn crop for 2017 higher than U.S. farmers have ever realized, coming in with a whopping 175.4 bushels to acre average. That would equate to a record 14.578 billion bushels of corn harvested this year. The yield guess was significantly higher than analysts like Mike Zuzolo from Global Commodity Analytics was …
Farmers Need Trade to Move Record Corn Crop
It’s no secret that American farmers produced another record corn crop, which means overseas market access will be a big key to limiting losses due to depressed corn prices. The Illinois Corn Growers Association says this is what farmers pencil out on paper to demonstrate why market access is so important to corn farmer profitability. “It looks like our ‘what …
Cautious Optimism Ahead in Grain, Ethanol Markets
CoBank says rising incomes around the globe will help push demand higher and create more opportunities for U.S. exports in grains, oilseeds, and ethanol. A new report from CoBank’s Knowledge Exchange Division says things like commodity surpluses around the globe, trade agreement negotiations, and the relative strength of key currencies all will influence the scope of growth over the next …
Grain Traders Getting Squeezed by Oversupply
Over the past few years, farmers have cut their spending due to low commodity prices caused, in part, by a global glut of commodities. A Dow Jones report indicates that it’s now commodity traders’ turn to make significant adjustments. Major players in the global grain trade, such as Archer Daniels Midland and Bunge, Ltd., are reducing expenditures by hundreds of …