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 […]
COLUMBUS — High-yielding varieties coupled with ideal growing conditions can turn an average crop into a record season. With this year’s Ohio wheat crop on its way to falling into that category, growers are wondering if the magic can happen again next year. Jim Beuerlein, an Ohio State University Extension agronomist, says yes, as long […]
WEST LAFAYETTE, Ind. — The Average Crop Revenue Election Program, also known as ACRE, is a tool designed to provide downside price and yield protection for U.S. crop growers. Purdue University’s Chris Hurt encourages growers to evaluate the program one last time. “If you have decided to stay out of ACRE for the 2009 crop, […]
SmartStax just received registration from the U.S. EPA and Canadian Feed Inspection Agency, setting the stage for a 2010 commercial launch.
LANSING, Mich. — The Michigan Commission of Agriculture and the Michigan Department of Agriculture will host a public input meeting to gather comments on the 2010 drafts of the state’s Generally Accepted Agricultural and Management Practices (GAAMPs).
ITHACA, N.Y. — The Finger Lakes Sustainable Farming Center is showcasing creative practices to inspire the work of agriculture professionals and farmers in the Northeast. A two-day program, Creative Agriculture Approaches to Sustainability on the Farm, will be offered Aug. 19-20 at the Inn on the Lake, Canandaigua, N.Y. Day One includes two farmer-led panels […]
Pilot program will create clean energy from dairy farms.
IRVING, Texas — Exxon Mobil Corporation is joining hands with Synthetic Genomics to research and develop next generation biofuels from photosynthetic algae.
INDIANAPOLIS — Dow AgroSciences is acquiring the majority of assets of Illinois-based corn company Pfister Hybrids.
MANHATTAN, Kan. — Summertime activities keep livestock producers more than busy, but it might be worthwhile for a producer to think about feed needs for the upcoming winter. Buy now. Historically, winter protein needs could be purchased more economically during the off season, said Sandy Johnson, Kansas State University livestock specialist. “With all the focus […]
WOOSTER, Ohio — Ohio could be looking at record wheat yields this year, driven mainly by near-perfect growing conditions and negligent disease development. Pierce Paul, an Ohio State University Extension plant pathologist and wheat specialist with the Ohio Agricultural Research and Development Center, said preliminary reports indicate growers are harvesting 80-and 90-bushel per acre wheat, […]