ST. LOUIS — A recent nationwide survey conducted by the United Soybean Board and soybean checkoff revealed that U.S. consumers strongly back U.S. soybean farmers and biodiesel. The National Agriculture Image Survey indicated 82 percent of consumers agree foreign oil-producing countries and the high cost of fuel impacting farming and processing, packaging, storing and shipping [...]
WASHINGTON — It’s not the record most farmers want to set. The rising cost of fuel and other products drove U.S. farm production expenditures to a record $260 billion in 2007. That’s according to the Farm Production Expenditures 2007 summary released Aug. 7 by the USDA’s National Agricultural Statistics Service. Total U.S. farm production expenditures [...]
URBANA, Ill. — Better days are likely ahead for the cattle industry, according to a Purdue University Extension marketing specialist. “As numbers keep dropping, producers adjust inventories downward in the face of high feed and forage prices,” said Chris Hurt. “At mid-year, the number of all cattle and calves was modestly lower than the two [...]
WASHINGTON — Agriculture Secretary Ed Schafer has put into place a new farm bill provision, increasing the limits on loans to $300,000 — up from $200,000 — for direct farm ownership and operating loans. Farm Service Agency (FSA) loan limits remained unchanged since 1984. “Our Farm Service Agency has already started making loans with today’s [...]
Ohio’s farmland planted to corn is down 13 percent from 2007; soybeans up 11 percent.
Ohio’s June corn price of $6.67 per bushel is up $1.13 from May, and the state’s June soybean price of $13.90 per bushel is up $1.80 from May, and $6.18 above what was received at the same time last year.
Weather during the end of July can make or break the Midwest corn crop.
May pork sales set yet another monthly record while beef exports reached their highest levels since December of 2003.
The USDA’s July report shows a tight supply and demand situation for both corn and soybeans.
SPRINGFIELD, Ill. — The USDA’s Risk Management Agency is giving additional time, until Aug. 15, for submitting acreage reports for all 2008 crop year spring-seeded acreage in areas impacted by flooding and extreme weather conditions. Because of the possible difficulty in timely reporting due to disruptions in communications and other important infrastructure, the agency has [...]
