WASHINGTON — Corn producers from 10 states, including Ohio, have formed a new group to work with policymakers in Washington. The new Corn Farmers Coalition includes members of the Ohio Corn Growers Association, and the industry’s trade group — the National Corn Growers Association. “Washington needs to know that corn farmers are using some of […]
HARRISBURG, Pa. — Industry professionals interested in taking an active role in developing regional policies and an action plan relating to feed and grain markets can attend the first-ever Feed and Grain Summit. When and where Hosted by the Pennsylvania Feed and Grain Task Force, the summit is slated for March 11 from 8 a.m. […]
ST. LOUIS — Monsanto is hoping to simplify trait selection for farmers with the launch of Genuity, which will differentiate the company’s technology products under one platform. Ernesto Fajardo, a Monsanto vice president, said the company’s next generation, value-added trait technologies will be marketed as Genuity beginning in 2010. He said the Genuity family of […]
URBANA, Ill. — Corn acreage in 2009 needs to be maintained at least at the level of 2008, said a University of Illinois Extension marketing specialist. “A small increase may be warranted, depending on yield and consumption expectations,” said Darrel Good. “There appears to be no need for increased soybean acreage and a small decline […]
MANHATTAN, Kan. — A comprehensive study conducted by agricultural economists at Kansas State University and Michigan State University revealed areas in which the beef industry can concentrate its efforts to strengthen beef demand, despite a sagging global and U.S. economy. Important factors The study showed nutrition, safety and convenience remain important factors when it comes […]
SIOUX FALLS, S.D. — VeraSun Energy Corporation is asking the U.S. Bankruptcy Court for the District of Delaware for permission to sell substantially all of the assets of VeraSun Energy Corporation and 24 of its affiliates through a court-approved sale process.
The latest Census of Agriculture shows more U.S. farms than in 2007, but Ohio farms decreased by 2.5 percent. Nationally, there are a lot more very small farms, and a lot more very large farms.
By WILLIAM EDWARDS AMES, Iowa — After several years of high grain prices and generous margins, crop producers are facing a 2009 that looks less than rosy. Higher inputs costs and selling prices well below the peaks of 2008 will result in fewer dollars left over to pay landlords and put into savings. Livestock producers […]
DENVER — China’s overseas purchases and imports of pork and pork products in calendar year 2008 were unprecedented for any single country in history, according to U.S. Meat Export Federation calculations from just-released Chinese trade data. Import numbers Based on import totals from China and Hong Kong, the country imported 4.2 billion pounds of pork […]
World economic conditions are now the dominant driving force for cattle prices, according to a Purdue University Extension marketing specialist. “In the old days, cattle and beef prices were primarily correlated with beef supplies because demand tended to stay fairly constant,” said Chris Hurt. “Well, the ‘good old days’ are over as demand is in […]
WEST LAFAYETTE, Ind. — After reaching unprecedented price levels last year, fertilizer markets are adjusting to a dramatically different economic situation, making it hard for fertilizer dealers to set their prices and causing some farmers to delay their purchases, said a Purdue University specialist. “Fertilizer markets are now much more global, not only from the […]
DENVER — Red meat exports continued their strong pace through November, with pork up 20 percent and beef up 9 percent (including variety meat) compared to November 2007. For the first 11 months of 2008, pork and pork variety meat exports were 61 percent larger than 2007, nearing the 2 million metric ton mark; 2008 […]
By MIKE DUFFY Estimating costs of crop production for 2009 will be extremely difficult. Some farmers have received forwarding pricing, some set a quantity only and still others will use the spot market. The price consequences of these decisions are substantial. Foreign competition for material, the current U.S. financial crises, the energy price situation and […]
SAN ANTONIO — Farm income hit a record high in 2008 due in part to record prices for corn, soybeans and wheat, but an economist speaking at a crop outlook seminar at the American Farm Bureau’s 90th annual meeting said farmers can expect lower prices this year. Weakening demand Jim Sullivan, an agricultural economist and […]
REYNOLDSBURG, Ohio — Ohio hog producers had 1,930,000 hogs on hand Dec. 1, 2008, up 5 percent from a year earlier, and up 1 percent from last quarter. The number of market hogs, at 1,760,000 head, was up 5 percent from last year and up slightly from last quarter. Breeding stock, at 170,000 head, was […]
USDA farm programs: Advance direct and counter-cyclical payments started in December.
ARLINGTON, Va. — The American Feed Industry Association and Feedstuffs have named the Cargill Animal Nutrition plant in Martinsburg, Pa., as the 2008 Feed Mill of the Year.
URBANA, Ill. — Total planted acreage of all crops could drop substantially if crop prices remain generally low, said a University of Illinois Extension marketing specialist. “Within that context, however, an increase in corn acreage may be needed,” said Darrel Good. “It appears winter wheat seedings, particularly of soft red winter wheat, have declined from […]
It’s not to late to make changes for tax purposes. This year farmers have more alternatives to consider with respect to cost recovery or depreciation on assets that they placed in service during 2008.
WASHINGTON — Dairy Farmers of America, its former chief executive officer, Gary Hanman, and its former chief financial officer Gerald Bos will pay a $12 million civil monetary penalty for attempting to manipulate the Class III milk futures contract and exceeding speculative position limits in that contract. The settlement was announced Dec. 16 by the […]