Logan Hawkes
06/17/09
Happy Father's Day! In a post-modern world it's
good to know that family values still hold a high place among farm
families. Much in this world has changed, and often for the good instead
of the bad. For instance, no farmer in his right mind wants to hitch up
the horses to plow the fields. We enjoy enormous benefits from
agricultural research and development, and no one wants to return to the
days before the modern technologies that make farming more productive
and profitable. Yet some things should never change. And the values of
America's agricultural community remain some of the highest in the land.
Farming is more than a tradition - it's a way of life. And in spite of
the long, hard hours required to get the job done, the core principles
of the family unit remain largely unchanged through the generations, and
for this, I believe, we should be thankful.
That's my speech in honor of Father's Day. It's just an opinion and may
not be worth much to many. But it's my way of wishing all the Dad's in
the farming world a happy and rewarding Father's Day. Now -- let's get
to the week's news and issues below.
Asian soy
rust slow to develop
Nearly a week after Asian soybean rust was located in
south Louisiana and Alabama soybeans, the fungal disease hadn’t been
found elsewhere. It was not from lack of looking, though.
“We’ve continued to scout and make (leaf) collections, but nothing
has been found since the St. Martin Parish outbreak,” said Clayton
Hollier, LSU AgCenter plant pathologist on June 12.
Having already found rust in south Louisiana kudzu, “my associate
looked at several fields that Blaine Viator — a consultant that has
helped us out a lot with rust monitoring — has maintained. She found
rust in two of Viator’s sentinel plots.” - David Bennett, Farm
Press Editorial Staff
FULL ARTICLE >>
Late
planting/soybean production
Soybean growers are full-speed ahead with planting,
however, the wet spring has put many of them behind schedule.
According to the U.S. Department of Agriculture Weekly Weather Crop
Bulletin, 48 percent of Kentucky soybeans were planted as of June 7.
This is well behind the five-year average of 71 percent.
Soybeans planted after June 15 are considered late and could cause yield
loss. Producers currently planting need a final stand count of 100,000
plants per acre. This number should increase to 140,000 plants per acre
for soybeans planted after June 15 and 160,000 plants per acre for
double-crop soybeans to help offset yield losses, said Chad Lee, grain
crops Extension specialist with the University of Kentucky College of
Agriculture. - Katie Pratt, University of Kentucky
FULL ARTICLE >>
Aerial
applicators warn of delays
Forget the fanciful “24.” Americans should know that
the nation’s farmers — their livelihoods and yields in the balance
— really do face frequent, ticking time-bomb situations.
Pests are capable of incredibly quick proliferation and fields often
need immediate pesticide applications and can’t wait; the spraying
needed to be done yesterday.
So what happens if that application can’t be made?
That is a serious concern following a January decision by a three-member
panel of the U.S. Sixth Circuit Court of Appeals. Since the ruling,
farmer and ag-chemical advocacy groups have been in full voice warning
that U.S. agriculture is under threat. - David Bennett, Farm Press
Editorial Staff
FULL ARTICLE >>
Heritage
Foundation releases study
The Heritage Foundation’s Center for Data Analysis
released an economic study on Tuesday regarding the impact a
cap-and-trade system would have on the agriculture community. The study
maintains that cap-and-trade is “an energy tax in disguise” that
will cause farm income to drop dramatically because of higher operating
costs. It further argues that people living on fixed incomes and
struggling in tough economic times can expect higher food prices as the
result of this policy. - Corn & Soybean Digest
FULL ARTICLE >>
Windbreak
assays to be conducted
The Dust Bowl may be long gone, but wind continues to
erode an average 1.3 tons of topsoil each year from every one of
Kansas’ 1.8 million acres of cropland.
That’s well beyond tolerable limits, according to the USDA’s Natural
Resource Conservation Service.
“Clearly, windbreaks continue to have important roles to play in the
Great Plains. They can affect everything from crop yields to rural home
comfort. Given what people like you and I can see from the road,
however, this living resource has long been in a decline, perhaps for up
to six decades,” said Bob Atchison, rural forestry coordinator for the
Kansas Forest Service (KFS).
FULL ARTICLE >>
World
grain stocks decline
USDA expects world feed grains to decline 23 million tons.
Stock markets continue to assert a major influence over grain, oilseed
and fiber market prices.
Planting delays for grain crops are expected to reduce yields. Soybean
potential has yet to be assessed with planting unfinished.
World food production must double before 2030 to keep up with
demand.
Fuel consumption is expected to exceed drilling capacity before that
time.
USDA anticipated pork exports to increase substantially. This will
increase feed grain demand. It takes about 10 pounds of grain to produce
1 pound of pork. - Ray Nabors
FULL ARTICLE >>
Markets
up following slow start
Market opportunities for the 2009 corn crop and the
2009-2010 wheat harvest depend on factors as close to home as how much
it rains in Iowa, as far off as how long it stays dry in Australia and
as varied as how high or how low crude oil futures will move.
Blake Bennett, Texas AgriLife Extension economist, says overestimates of
the 2009 wheat crop have moved prices up in recent weeks. Trouble with
the Southwest winter wheat crop and problems with spring wheat planting
support a price increase.
Texas and Oklahoma wheat production will be down as much as 50 percent
from 2008. Kansas farmers are not as hard hit, but are still not
expecting a bin buster, Bennett said during the North Texas Small Grains
Field Day in Leonard, Texas. - Ron Smith, Farm Press Editorial
Staff
FULL ARTICLE >>
Crop
rotation improves success
Crop rotation and cover crops enhance the effectiveness of
no-till cropping systems by reducing disease and weed pressure,
improving soil moisture holding capacity and increasing soil organic
matter content.
“It’s hard to think about no-till without crop rotation,” said
Oklahoma State University graduate student Silvano Abreu at the No-Till
Oklahoma Conference in Oklahoma City earlier this year.
“I have not seen no-till success without rotation,” he said.
“Rotation promotes healthy soil and makes it more productive.”
He said wheat after wheat in no-till systems promotes weed and disease
pressure. “Rotation to corn or milo breaks that cycle. Rotation helps
manage weeds such as shattercane.” - Ron Smith, Farm Press
Editorial Staff
FULL ARTICLE >>
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AUDIO/VIDEO FEATURES
KENT THIESSE
RICHARD BROCK
MORE MAGAZINE HIGHLIGHTS
HOW
LENDERS CONTRIBUTE TO AN ECONOMIC CRISIS
Many agriculturalists are watching for signs of the next crisis in
agriculture. For the most part, the regulated banks and Farm Credit
System, while showing some signs of credit deterioration, are still
solvent and positioned to do business with qualified borrowers. However,
some of the shadow banks and lending entities are still experiencing
financial stress in their portfolios. Let’s examine some of the ways
that lenders can get into trouble.
One of the first that comes to mind is the overreliance or a false sense
of security built on increasing real estate values. Some borrowers are
extremely upset to find they are being rejected for a loan despite
having millions of dollars of equity on the balance sheet. The bottom
line is that cash flow and earned business profits repay debt. Too many
loans have been made with repayment dependent upon capital gains from
the sale of real estate; asset sales tied to the sale of collateral
works when land values are ascending. However, when the opposite occurs
– no secondary source of repayment combined with high-maintenance
living withdrawals – it is a recipe for disaster. - Dave Kohl, Corn
& Soybean Digest
MORE
QUICK POLL
QUESTION
This week's poll question: Have you had glyphosate resistance problems
to the extent that you have to spray with another chemistry to finish
the job?
* YES
* NO
Log on now to the Corn & Soybean Digest and take our quick poll. We
would all like to know your answer! (And check the current results
while you're there)
VOTE NOW
BIODIESEL
BLEND PERFORMS AS WELL AS ULTRA-LOW SULFUR FUEL
Those worried about a performance drop-off going from standard diesel
fuel to the more environmentally friendly B20 biodiesel blend can ease
their minds.
A new Purdue University study shows that there is almost no statistical
performance difference in semitrailer trucks using B20, a 20% blend of
biodiesel, and No. 2 ultra-low sulfur diesel, the current standard.
"In terms of performance, reliability and maintenance costs, it was
basically a wash," says John Lumkes, the assistant professor of
agricultural and biological engineering who led the study. "The only
differences are environmental and economic." - Corn & Soybean
Digest
MORE
INTERACTIVE
SOYBEAN EXHIBIT UNVEILED AT CHICAGO'S LINCOLN PARK ZOO
Now, children in the Chicago area have a hands-on opportunity to learn
more about soybeans in a new exhibit at the Farm-in-the-Zoo Presented by
John Deere. Soybeans: Growing Food, Growing World was unveiled to key
officials during a ribbon cutting at Lincoln Park Zoo in Chicago. As
part of the festivities, Colleen Callahan, an award-winning broadcast
journalist who specializes in agriculture, served as emcee and
introduced members of the Illinois Soybean Association (ISA) and United
Soybean Board (USB).
Developed and funded by the ISA and USB, Soybeans: Growing Food, Growing
World is the most extensive interactive soybean exhibit in the nation.
Through special effects and multiple buttons/cranks, the exhibit offers
children a unique opportunity to learn what soybeans look like, where
they come from, how they’re produced and what various countries use
them. - Corn & Soybean Digest
MORE
JUNE
10 WASDE REPORT HIGHLIGHTS
Corn production for 2009-2010 is projected at 11.9 billion bushels, down
155 million from last month’s projection. The national average yield
is projected at 153.4 bu./acre, 2 bu. lower as continued planting delays
through late May reduce yield prospects, especially for the eastern Corn
Belt. Early planting in the western Corn Belt and improved crop
conditions from last year at this time are expected to partly offset the
poor start to this year’s crop in other parts of the country. Corn
supplies are projected at 13.6 million bushels, down 190 million bushels
from 2008-2009. The 2009-2010 marketing-year average farm price is
projected at $3.90-4.70/bu., up 20¢ on both ends of the range. This
compares with $4.10-4.30/bu. for 2008-2009.
Soybean exports for 2008-2009 are raised to a record 1.25 billion
bushels reflecting record sales and increased projected imports for
China and reduced soybean exports from Argentina. Projected soybean
exports for Argentina for 2008-2009 are reduced 2 million tons to 5.4
million, the lowest in nine years. Soybean ending stocks for 2008-2009
are projected at 110 million bushels, down 20 million from last month.
- Corn & Soybean Digest
MORE
FINANCIAL
ASSISTANCE FOR PRODUCING BIOMASS
I just signed up to receive e-mail updates on the progress of the
Biomass Crop Assistance Program (BCAP). If you want to see how USDA is
moving along with BCAP, sign up at www.fsa.usda/gov/energy. For techies,
you can even follow Farm Service Agency (FSA) programs now at
Twitter.
USDA recently proposed two alternatives for implementing BCAP. While the
survey deadline is now past, you may still want to make your voice heard
at your county FSA office. http://FarmEnergy.org will be publishing
results later this month.
The reason you might want to contact USDA is that in USDA’s
Alternative A—Targeted Implementation of BCAP, government payments
would be limited to provide some risk mitigation for growing crops while
Alternative B—Broad Implementation of BCAP would allow payments to
completely replace lost potential income from non-BCAP crops. - Lynn
Grooms, Farm Industry News
MORE
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