Signup to receive email updates




or follow our RSS feed

Blog Archives

288 Total Posts

follow our RSS feed

Blog Banner

Around the County

Frequent information updates for agricultural audiences

Anticipating the Size of the 2012 Corn and Soybean Crops - from Darrel Good

Posted by John Fulton -

The National Agricultural Statistics Service (NASS) of the USDA will release the first yield and production forecasts for the 2012 U.S. corn and soybean crops on August 10. The first forecasts of the season are always highly anticipated, but none more than this year as widespread drought conditions have resulted in a wide range of yield and production expectations. It might be useful to...

Read More >

Federal Crop Insurance Notification due to Drought

Posted by John Fulton -

Here are summary points from a news release from Gary Schnitkey, with an additional point from the Logan Co. FSA Office: Notification of Drought Loss Producers who think they have a crop loss need to: 1. Notify their agent within 72 hours of the discovery of damage. A notice of loss can be made by phone or in person. Although drought loss is not immed...

Read More >

Are We to the Point of Rationing the 2012 Corn Crop Yet?

Posted by John Fulton -

The 2012 corn crop will be much smaller than anticipated earlier in the year when producers planted near-record acreage in a very timely fashion. Prospects then were for an above-trend average U.S. yield and a record large crop in excess of 14.5 billion bushels. A crop of that size would have allowed for an increase in consumption and some build-up in inventories and resulted in much lower pric...

Read More >

Price Loss Coverage in the House Discussion Bill - Farmdoc posting

Posted by John Fulton -

The House Agriculture Committee released a discussion draft of the 2012 Farm Bill, which is further described here . This draft includes a target price program called Price Loss Coverage (PLC), a different approach from revenue options in the Senate Farm Bill. If the House Discussion Bill becomes law, f...

Read More >

USDA Jolts the Markets - farmdoc posting

Posted by John Fulton -

The USDA's World Agricultural Outlook Board (WAOB) released the monthly WASDE report this morning. Several changes were made in supply and consumption projections for corn and soybeans. By far the most important changes were the drops in yield projections. Following is a brief summary and implications of the report. Corn In a major surprise the projection of U.S...

Read More >

Grain Farm Income Prospects Given Drought Situation - from Gary Schnitkey

Posted by John Fulton -

Low corn and soybean yields are increasingly likely as hot, dry weather is forecast to continue over much of the corn-belt during the critical corn pollination period. Lower yields then lead to questions about grain farm incomes in 2012. Grain farm incomes likely will be above projections made in winter of 2012, assuming that crop prices increase if crop yields are below trend-line levels. Howe...

Read More >