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CROP NEWS WEEKLY
In the January 14, 2008 Issue:
Brought to you by the editors of
Corn and Soybean Digest and Farm Industry News
 Choose soybean varieties wisely
 The risk of prepay fertilizer
 Two growers top 100 bu. soybean mark
 U.S. Soybean Federation formed
 U of M Hosts Conservation Tillage Conference
 FinOvation 2009
 Remedying country's ills to be slow
 New Agrisure 3000GT corn hybrids
 Attack the blend wall
 McClendon gets high marks on Doha
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EDITOR'S NOTE

Logan Hawkes
01/14/09

It seems that January just got started and already the month is quickly slipping away. By this time next week we will have a new President in the White House, a new administration running the country, and, no doubt, many changes will start getting underway. We keep hearing about what a "historic time" it is; about how the impending changes before us are either going to make us or break us. It depends, of course, on to whom you wish to listen - and what you want to believe. Life has taught use, if nothing else, that when change is coming, we simply need to wait and see what that might bring. The future is rarely as good as we want it to be and seldom as bad as some would have us believe.

Remember a few years back when the world was fixated on the changing millennium and all the talk was about Y2K and how the world as we know it was about to end? Now they're pointing to the year 2012 and calling it the "end of days," and/or the start to a new era for humankind. It's funny how we stand in line to hear about these so-called mythical prophecies or truths, but fail to see the weather changing before our very eyes. For my money, I think I'll just wait and see what changes are coming and how they might affect life on the farm. But whether it rains or shines, I have a feeling we'll weather the storms much the way we always have. Patience, they say, is a virtue.

We're loaded down once again with plenty of good content this week. So dig in and see if you can find something that sparks your interest. Happy reading.

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FROM OUR EDITORS

Choose soybean varieties wisely

With the recent volatile swings in commodity prices, soybean farmers need to maximize yields now more than ever. David Wright, research and education director of the North Central Soybean Research Program, offers suggestions to soybean growers on choosing varieties for the 2009 growing season, to maximize yield and profit potential. When it comes to selecting soybean varieties for 2009, soybean growers will benefit from taking some time and doing it right. "That means doing a little homework, and brushing up on your history before sitting down with your seedsman," says Wright. - Corn & Soybean Digest

FULL ARTICLE >>

The risk of prepay fertilizer

The steep drop in wholesale fertilizer prices in late 2008 left some dealers with barns full of high-priced and over-priced product. The result, industry experts agree, will be losses in the tens of millions of dollars. Some dealers won't survive the loss. That's a concern for farmers wanting to prepay for crop inputs ahead of planting season. If their dealer goes broke, farmers may end up without their cash or their prepaid purchases. - John Russnogle, Farm Industry News

FULL ARTICLE >>

Two growers top 100 bu. soybean mark

Missouri has long been known as a great place to grow soybeans. Two farmers are helping to prove it, growing soybeans that yielded more than 100 bu./are in the Missouri Soybean Association’s (MSA) 14th Annual Yield Contest. Kip Cullers of Purdy, MO, had the top overall yield with 117.1 bu./acre using Pioneer’s 94B73 soybean variety and won the contest’s irrigated category. Charles Hinkebein of Chaffee, MO, won the conventional category with a yield of 109.3 bu./acre using Asgrow’s 4903 soybean variety. Hinkebein also claimed top honors in the No-Till category with a yield of 92.3 bu./acre using Pioneer’s 94M30 soybean variety. - Corn & Soybean Digest

FULL ARTICLE >>

U.S. Soybean Federation formed

With a sole mission of representing the voice of U.S. soybean farmers through advocacy and policy, the new U.S. Soybean Federation (USSF) was announced by founding farmer-leaders last Friday.

"This is a challenging time for everyone in our country and soybean farmers are no exception," says newly elected USSF President Lance Peterson, a soybean farmer from Underwood, MN. "We need an organization like USSF that will have no other focus than to fairly, vigorously and effectively represent the voice of all U.S. soybean farmers in the federal legislative process." - Corn & Soybean Digest

FULL ARTICLE >>

U of M Hosts Conservation Tillage Conference

University of Minnesota (U of M) Extension will host the fifth annual Conservation Tillage Conference Jan. 28-29, 2009, at Jackpot Junction, 39375 County Hwy. 24, Morton, MN.

A Systems Approach is the theme of this year’s conference. The program is designed to help experienced producers improve their conservation skills by learning about new technologies and management practices while also reducing production costs. The program is also designed for farmers who are looking to adopt conservation tillage practices and for agriculture professionals who work with producers practicing conservation tillage. Participants will take home hands-on knowledge in nearly every aspect of conservation tillage. - Corn & Soybean Digest

FULL ARTICLE >>

FinOvation 2009

The year 2008 was a good year for the advancement of agriculture technology and innovation. Farm Industry News keeps up with the ever evolving world of agriculture invention, and recently they named their top new products for year 2008. Sixteen new products published in Farm Industry News during the past 12 months earned the FinOvation Award. The awards go to the most innovative products coming to the market, based on readers’ interest. Check out the winners. - Farm Industry News

FULL ARTICLE >>

Remedying country's ills to be slow

Had Barack Obama possessed a magic crystal ball more than two years ago when he started his run for the presidency, and could have foreseen the mess he would inherit come Jan. 20, 2009, he might well have run screaming for the exits.

Why, one might wonder, would anybody in his right mind want to take over such a screwed-up government, an economy in tatters, a too-long-neglected infrastructure, a banking/financial system in chaos, the pillars of American corporatedom lining up to beg for government handouts, millions of jobs vanished into thin air, and public confidence in leadership at record lows?

It’s somewhat like the wry observation of the guy whose job it is to trail behind the elephants at the circus with a pooper-scooper: Hey, it’s all showbiz. - Hembree Brandon, Farm Press Editorial Staff

FULL ARTICLE >>

New Agrisure 3000GT corn hybrids

For 2009, Syngenta Seeds is expanding its Agrisure line-up with 91 new corn hybrids. Included are 44 hybrids featuring the Agrisure 3000GT triple stack, the first triple stack with no history of yield drag, the company says. Hybrids with the Agrisure 3000GT trait stack help growers launch maximum yield performance while providing the flexibility to choose management practices that fit their needs, Syngenta says. Agrisure 3000GT hybrids protect against corn borer and corn rootworms, and provide tolerance to in-season applications of either glyphosate herbicides such as Touchdown herbicide brands, or glufosinate herbicides such as Liberty or Ignite brands.

FULL ARTICLE >>

Attack the blend wall

The ethanol industry will need to “attack the blend wall” this year, meaning to maximize E10 blends all across the country, reports Renewable Fuels Association (RFA) president Bob Dinneen. He also says the industry will need to keep working with automakers to expand E85 in flexible fuel vehicles and open more refueling stations. - Farm Industry News

FULL ARTICLE >>

McClendon gets high marks on Doha

U.S. cotton producers may be taking it on the chin in the World Trade Organization’s Doha Round, but it might be even worse if they didn’t have strong, articulate spokesmen to defend them. That’s the impression farm editors took away from listening to National Cotton Council Chairman Larry McClendon lay out the organization’s position on the Lamy text. The NCC is concerned the Lamy text, which calls for more drastic cuts in U.S. farm programs, could be the starting point when the Round resumes. McClendon, an Arkansas producer and ginner, gave an update on the current status of the negotiations and fielded questions during an hour-long press briefing at the Council’s Beltwide Cotton Conferences in San Antonio. - Forrest Laws, Farm Press Editorial Staff

FULL ARTICLE >>

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AUDIO/VIDEO FEATURES
Ever think about a herd of robots weeding your fields? Ag engineer Tony Grift does and he talks about it in a video interview for Farm Industry News. Grift has helped develop small robots at the University of Illinois and is studying multiple robot systems. He foresees a day when small robots will work together on a farm to complete tasks like weeding. To listen to Grift explain his theories, click here
KENT THIESSE
New Crop Summary Report
The latest USDA Crop Supply and Demand Report, released on Jan. 12, provides another indication of just how big or how small the U.S. corn and soybean crop was in 2008, and how large or tight the carryover grain stocks are. Here are some highlights of the latest USDA Crop Report:

Corn
According to the USDA Report, there was an estimated 78.6 million acres of corn harvested in 2008, with a with a total production estimated at 12.1 billion bushels, which is the second highest production level on record behind 2007. The estimated 2008 corn production is 7% below the production of 13.1 billion bushels of corn in 2007, but considerably higher than the production level of 10.5 billion bushels of corn in 2006, and the 11.2 billion bushels produced in 2005.

Soybeans
According to the USDA report, total U.S. soybean production in 2008 is estimated at 2.96 billion bushels, which is up 11% from the 2.58 billion bushels of soybeans produced in 2007, but below U.S. soybean production level of 3.2 billion bushels in 2006. The total harvested soybean acreage in 2008 was a record of 74.6 million acres, and was 16% higher than the 62.8 million acres harvested in 2007. The report estimated total U.S. soybean stocks on Dec. 1, 2008 at 2.28 billion bushels, which is down 4% from 2.36 billion bushels on Dec. 1, 2007.
Click here to view the article
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RICHARD BROCK
USDA Raises Soybean & Corn Carryout Estimates
USDA unexpectedly raised its estimates of 2008 U.S. soybean production and ending stocks on Monday morning, surprising the market, which had expected a further cut in both production and stocks.

The increase in 2008 soybean production was partially offset by stronger projected usage due to continued strong exports to China, however, USDA further reduced its forecast of the U.S. domestic soybean crush.

USDA raised its estimate of the 2008 U.S. soybean crop by 49 million bushels to 2.959 billion bushels, increasing the national average yield by 0.5 bu. to 39.6 bu./acre. Trade soybean crop estimates averaged 2.910 billion bushels in a rage from 2.879 to 2.940 billion bushels.
Click on the headline above for more
MORE MAGAZINE HIGHLIGHTS
2009 AG SYMPOSUIM
Brock Associates is hosting the 2009 Agricultural Economic Symposium on Feb. 23-25, just before Commodity Classic.

“This year’s Agricultural Economic Symposium will again be immediately prior to the Commodity Classic, and this year we’re all headed to Dallas, TX,” says Richard Brock of Brock Associates. “This arrangement allows you to attend two great industry events in one convenient location”

Sessions include Agriculture and The World in Transition, Farmland Values, Farm Transition Planning, Managing in New Economic Times, The Economics of Innovation, Weather–Long-Term Impact, The Impact on Grain and Livestock Prices, Meeting Global Demands Through Innovation, Ethanol –Will the Growth Continue and Grain Price Outlook–Where Are We Headed?

“The 2009 Agricultural Economic Symposium is jam packed with dynamic, high profile speakers who are among the sharpest minds in the industry,” says Brock. “We are once again fortunate to have Rob Fraley from Monsanto on the program. Also on the program will be the ever-popular Dr. David Kohl.”

Registration for the conference is $325, and includes all sessions, handouts, breaks, meals and a reception on Monday evening. To register, call 800-558-3431 or go to www.brockreport.com/seminars.php

ROAD WARRIOR: 2009 PREDICTIONS

Happy New Year! Let’s go out on a limb and make some predictions for 2009 for both the agricultural and general economy. We will mix in some trends and general observations, as well.

The first six months of 2009 will see a deepening recession with high unemployment and job losses or cut backs in hours. Do not be fooled by unemployment rates because the reported figures do not include discouraged or displaced workers. What is reported can be 2-3% lower than the actual level of unemployment.
MORE

WEEKLY POLL
What do you think of USDA's new "active-engagement test" requiring farmers to make significant contributions of active personal management in order to qualify for 2009 farm program payments? Do you think it's a good idea? Was the previous language better? Or does it make any difference to you? Click on the headline above and take the poll!

CONSERVATION TILLAGE CONFERENCE
The fifth annual Conservation Tillage Conference is little more than a month away. The two-day event is scheduled for Jan. 28-29 at Jackpot Junction, Morton, MN. Leading industry and university experts will cover topics like: planting corn in cooler soils, placing fertilizer close to seed, tuning up your planter and getting the most out of your nitrogen fertilizers. Plus, you won’t want to miss the general session which will include a farmer panel discussing the latest conservation tillage practices. Cost for the conference is $100 until Jan. 9. After that, the price is $125. For more details and registration, log on to www.tillageconference.com or call Jodi or Mary Jo at the University of Minnesota Extension Regional Office, 507-337-2800. The conference is brought to you by the University of Minnesota and Corn & Soybean Digest.

MORE THAN A WEED
Those volunteer corn plants standing in your soybean fields are more than a weed problem. They could be a recipe for rootworm resistance, Minnesota and Indiana entomologists warn.

Volunteers that contain the Bt gene, and are also glyphosate-tolerant, could hasten the development of Bt-resistant corn rootworms, says University of Minnesota Entomologist Ken Ostlie. Now, he and other corn rootworm experts are taking a closer look at the effects of volunteer corn on these rootworms. Find out more here

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