URBANA, Ill. — It now appears that consumption of U.S. corn and soybeans will be record large in the 2009-10 marketing year, and that could help corn and soybean prices, according to University of Illinois economist Darrel Good. “The price users will be willing to pay for corn and soybeans will depend to a large […]
Bluegrass Farms of Ohio has received the green light to create an intermodal terminal, the Central Ohio Logistics Center, thanks in large part to a $7.5 million forgivable state loan.
The Clearfield, Pa., ethanol plant currently under construction by Bionol Clearfield LLC, a unit of Bio Energy International of Quincy, Mass., is expected to start taking corn in November and to be operational in January.
Economist cautions mixed future with increasing agricultural products prices and higher oil costs.
U.S. Agriculture Secretary Tom Vilsack visited the southeastern portion of the Buckeye State Aug. 31 as part of the Obama administration’s Rural Tour.
HARRISBURG, Pa. — Pa. Gov. Edward G. Rendell is nominating Russell Redding of Adams County as the new Pennsylvania Department of Agriculture secretary, following the resignation of Dennis Wolff, which is effective Sept. 12.
When cattle producers experience difficult economic times, one of the first areas they look to reduce costs is bull purchases, but be sure buying a cheap bull now won’t cost you dearly in the future.
The Ohio Pork Producers Council is leading an effort to generate 100,000 pounds of pork, or 500,000 servings, for the Ohio Association of Second Harvest Foodbanks by April 30, 2010.
Could this crop year be a bin-buster in Ohio? Yes, if wheat crop is any indication.
USDA improves its farm storage loan program that helps producers build or upgrade farm storage and handling facilities.
ARDEN HILLS, Minn. — Land O’Lakes had net sales of $5.8 billion and net earnings of $164.1 million for the first six months of 2009. While net sales were down from $6.6 billion for the first half of last year, the $164.1 million in net earnings matched the same period one year ago, despite 2009’s […]
WASHINGTON — U.S. farmers successfully battled soggy July weather and remain on target for producing the largest soybean crop in history, according to the Crop Production report, released by the U.S. Department of Agriculture’s National Agricultural Statistics Service. Soybean forecast Soybean production is forecast at a record-high 3.2 billion bushels, up 8 percent from last […]
USDA will release the Supply and Demand Report Wednesday, and, as usual, it represents an untimely truth for this grain market columnist. I write this on Monday before the market opens, and the reader gets this Thursday, after the report and after some market reaction to it. The numbers Monday, the markets were sharply mixed, […]
MAUMEE, Ohio — The Andersons Inc. announced second quarter net income attributable to the company of $15.9 million, or $0.87 per diluted share, on revenues of $811 million. In the same three month period of 2008, the company reported record results of $45.6 million, or $2.48 per diluted share, on $1.1 billion of revenues. For […]
WASHINGTON — The Department of Justice and the U.S. Department of Agriculture will hold joint public workshops to explore competition issues affecting the agriculture industry in the 21st century and the appropriate role for antitrust and regulatory enforcement in that industry. Issues The joint workshops will address the dynamics of competition in agriculture markets including, […]
Surviving the dairy crisis may mean changes to operation SLIPPERY ROCK, Pa. — Perseverance, heart, soul, patience and optimism. These are the traits a dairy farmer has had to develop in order to make it through the past several months of low milk prices. Or what many of them say they had to develop in […]
ARLINGTON, Va. — Cooperatives Working Together organizers have tentatively accepted 294 bids in the third herd retirement it has conducted in the last nine months. The 86,710 cows and 1.8 billion pounds of milk accepted in this round, combined with CWT’s previous two herd retirements, equal a total production capacity of 4.8 billion pounds of […]
SALEM, Ohio — A bleeding U.S. dairy sector received a small bandage July 31 as the USDA announced plans to increase dairy price support levels, but the reactivated Congressional dairy caucus is still pushing for a long-term solution to historically low milk prices that are driving many milk producers out of business. Dairy price support […]
WASHINGTON — Biomass conversion facilities can begin signing up to participate in the Biomass Crop Assistance Program, which will help increase production of renewable energy. The program, authorized in the 2008 farm bill, provides financial assistance to producers who deliver eligible material to biomass conversion facilities. USDA’s Farm Service Agency will provide financial assistance to […]
URBANA, Ill. — Corn prices have settled into a relatively narrow trading range, with December 2009 futures trading between $3.20 and $3.50 per bushel over the past three weeks. According to University of Illinois Extension Economist Darrel Good, the relatively low price level reflects the anticipation of a large harvest in 2009. The USDA will […]