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Logan
Hawkes
01/16/08
Crop News Weekly
Expect greater biofuel demand in the weeks
ahead as crude oil prices continue to climb worldwide, a significant
driving force for biofuel development in the years ahead according to
industry analysts. Ethanol prices rallied on a combination of higher
crude oil/gasoline prices
and the passage of the new energy bill late last year. But experts are
warning not to expect ethanol capacity to increase beyond current
commitments in the short term.
In the top of the news this week, the 2007 U.S. corn crop was one for
the record books, with 13.1 billion bushels of production eclipsing the
previous high, set in 2004, of 11.8 billion bushels, according to the
Crop Production 2007 Summary released Jan. 11 by the USDA's National
Agricultural Statistics Service. Also this week, the Mid-South's move to
earlier soybeans hasn't been without cause. Over the last several years,
insect pressure has been steadily building in soybeans, to the point
that growers should budget at least one application each year. Elsewhere
this week, and speaking of a good crop year, Floyd Gaibler, USDA under
secretary, Farm and Foreign Agriculture Services, says agriculture has
enjoyed an unprecedented period of prosperity over the past five years.
Finally this week, word is out on the top ag products of the year. The
media had the chance to review them at the World Ag Expo last week.
You'll find these stories and more in this issue of Crop News
Weekly. Happy reading.

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2007
corn crop a record breaker, USDA Reports
The 2007 U.S. corn crop was one for the record books,
with 13.1 billion bushels of production eclipsing the previous high, set
in 2004, of 11.8 billion bushels, according to the Crop Production 2007
Summary released Jan. 11 by the USDA's National Agricultural Statistics
Service (NASS). The 2007 production level was up 24% from 2006. Driven
by favorable prices, growing ethanol demand and strong export sales,
farmers in nearly all states increased their corn acreage in 2007.
Planted area -- 93.6 million acres -- was up 19% from 2006 to the
highest level since 1944, when farmers planted 95.5 million acres. -
The Corn & Soybean Digest

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Stinkbugs,
seed treatments, and early beans
The Mid-South's move to earlier soybeans hasn't been
without cause. Over the last several years, insect pressure has been
steadily building in soybeans. "Twenty or 25 years ago, there were
occasional problems with insects in beans," says Gus Lorenz, Arkansas
Extension entomologist. "It was rare that the trouble they caused
required treatment." More recently, however, "increasingly the message
is: 'You need to budget at least one insecticide application when
figuring soybean budgets.'" A lot is tied to production systems changing
so much. The Roundup Ready technology, reduced-till systems, and
planting earlier maturing varieties have all played roles. Producers
have almost completely moved away from the Group 6s to avoid insect
problems. - David Bennett, Farm Press Editorial Staff

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Unprecedented
prosperity touted for U.S. agriculture
Floyd Gaibler, USDA under secretary, Farm and Foreign
Agriculture Services, says agriculture has enjoyed an unprecedented
period of prosperity over the past five years. "Virtually all
agricultural sectors have prospered," Gaibler said during an address at
the recent USA Rice Outlook Conference in Orlando. He said estimates
indicate record cash receipts for the fifth straight year. Net farm
income, based on USDA Nov. 29 estimates, is set at $87.5 billion, up
$20.9 billion from the February 2007 figure and up $28.5 billion from
2006. Estimated crop and livestock values are also set at record highs,
$148.5 billion for crops and $140 billion for livestock. - Ron Smith,
Farm Press Editorial Staff

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2008 World
Ag Expo Top New Products unveiled
The 2008 Top Ten New Products will be unveiled during
Media Day on Feb. 11, during World Ag Expo's Media Day preceding the
opening of the Expo, Feb. 12. The 2008 Top Ten were chosen by committee
as the newest, most innovative agricultural products to be displayed at
the Expo, Feb. 12-14. The Top Ten and Featured New Products or honorable
mentions, stood out from products nominated by exhibiting companies, and
were selected by a panel of agribusiness professionals and farmers.
Following the opening events of Media Day, guests will be escorted to
the New Product Center for a special awards ceremony that will introduce
the top products at World Ag Expo.

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Farmers
'gave at office,' don't expect any more
Memo to all those groups who say they want to make
even more changes to the 2008 farm bill when a House-Senate farm bill
conference committee convenes later this month: Forget it. The president
of the nation's largest farm organization says producers have already
made more compromises to the Food and Energy Security Act of 2007 than
they wanted and "are not really interested in going any further. "We
hope the conference committee reports out a farm bill we can accept,"
said Bob Stallman, the American Farm Bureau Federation president and a
farmer from Texas. "I hope the Bush administration will sign the bill
and we can move forward with implementation." - Forrest Laws, Farm
Press Editorial Staff

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maximizing yield. Through broad-spectrum disease control, plant
physiological responses and unique xylem-mobile systemic activity,
Quadris offers growers exceptional protection. For more information on
Quadris fungicide, please visit www.quadrissoybeans.com.
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Storage
bags and corn: short-term evaluations
Last year, with a massive shift to corn contemplated
for the South, a big concern was how the crop might be stored. Large
storage bags -- already used successfully elsewhere in the world --
were touted as a potential solution. ONE OF THE northeast Arkansas
operations Gardisser worked with filled 30 storage bags. "There appears
some bags are longer than others. But the apparatus they're filled with
is about 15 feet long and the tractor has to have room to turn away from
the ditch. So the photo shows some bags going east alternating with bags
going west. The gap on the end is where the tractor and filling device
were located when the job was done." But without having used the bags in
the South before, the jury was out. Now, a few months after harvest, how
has the storage option done? Very well, it turns out. To monitor the
storage bags, Dennis Gardisser and colleagues put in studies in
southeast and northeast Arkansas. They also talked to numerous producers
"who shared their experiences with the bags," says the Extension
agricultural engineer with the University of Arkansas. "To summarize: I
believe these bags will be a very viable alternative for short-term
storage." - David Bennett, Farm Press Editorial Staff

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Growers
go high speed
A year ago, we ran a series of stories to help readers
buy high-speed Internet access. At the time, a survey of Farm Industry
News readers found that 42% of those who own computers use high-speed
connections to the Internet. In our magazine's latest reader survey,
that number had edged up to 47% of computer owners. Any increase in
high-speed access is good for our magazine and farm businesses. It shows
farmers are staying electronically savvy, which should help them stay
abreast of other technological changes. Why is this important? The
future of farming includes high-tech electronics like GPS, assisted
steering, and variable-rate planting and spraying. - Karen McMahon.
Editor, Farm Industry News

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Lower
crop insurance premium
Corn producers in Illinois, Indiana, Iowa and
Minnesota will have the opportunity this year to participate in a pilot
program from USDA's Risk Management Agency (RMA) aimed at lowering their
crop insurance premiums. Under the program, producers who plant at least
75% of their corn acres with hybrids that feature YieldGard Plus with
Roundup Ready Corn 2 or YieldGard VT Triple technology can receive a
premium rate discount on nonirrigated corn. The Biotech Yield
Endorsement, or BYE, is a new crop insurance feature that lowers
premiums for producers of nonirrigated corn. The average cost of a total
policy premium will be reduced by approximately 14% on revenue assurance
policies. On average, this discount will amount to more than $2.00/acre
on the grower-paid portion of the premium. - Mark Moore, Farm
Industry News

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The World of
Agriculture: The 2008 World Ag Expo
With more than 1,700 exhibitors and 100,000 attendees
from 67 countries all on 2.6 million square feet of showgrounds; World
Ag Expo is the largest ag expo of its kind worldwide. During the show,
February 12-14, grounds will expand again with the addition of the Dairy
Technology Center (DTC) and surrounding outdoor dairy exhibit space. The
Dairy Technology Center, sponsored by Bella Health Systems, will
increase the already 500 dairy exhibits to more than 600. Showcased in
the DTC will be the Top Five New Dairy Products at World Ag Expo,
selected by a panel of industry experts.

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Ag
conferees face veto threat
House and Senate ag committee conferees face four
options, including extending current farm law, as they work toward a
farm bill reconciliation. They can reach a consensus with the White
House, which has threatened to veto both the House and Senate versions
of a 2007 farm bill. They can accept a veto, modify their bill and try
again. Or they can over-ride a veto. - Ron Smith, Farm Press
Editorial Staff

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Iowa
winners: Glaring void on agriculture issues
It says something about the state of the media in this
country that, on the morning after the Iowa presidential caucuses, the
lead item on the pre-dawn news segments wasn't Iowa, but the latest
Britney Spears idiocy. That a third-rate singer who apparently hasn't an
ounce of common sense in her substance-addled body was adjudged the top
early morning news item totally boggles the mind -- not to mention all
the ad nauseam talking-head "analyses" of her latest folly. The Britney
circus aside, the Iowa caucus results are something of a commentary on
the art of political prognostication, in that three months ago the
pundits were all seeing Clinton and Romney as shoo-ins for their
respective parties. Huckabee who? Obama? -- charismatic speaker,
but... - Hembree Brandon, Farm Press Editorial Staff

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Iowa
caucuses bring out best in voters
It is Democracy in action. Iowa's presidential
caucuses have been criticized for being the starting point of the 2008
elections because the state is too rural, too small and, well, too
white. The state's biggest city -- Des Moines -- has a population of
200,000 or slightly more than Little Rock, Ark. Outside the Des Moines
metropolitan area of 500,000 are literally hundreds of small towns and
millions of acres of corn and soybeans. Although they've been criticized
for lack of participation -- only 124,000 Democrats caucused in 2004
-- Iowans treasure this role, pushing this year's event up to Jan. 3 so
they could maintain their spot in the lineup. (The New York Times wrote
it hoped this year's Iowa-New Hampshire "rush to judgment" would be the
last.) - Forrest Laws, Farm Press Editorial Staff

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USDA: lower
corn stocks, record rice yields
USDA reported lower U.S. corn ending stocks and
soybean production from last month and record U.S. rice yields, in its
Jan. 11 world supply and demand estimates. U.S. corn ending stocks were
reduced 359 million bushels in January based on lower estimated
production and increased feed and residual use. Corn supplies for
2007-08 were lowered 94 million bushels based on lower estimated
production. Feed and residual use was raised 300 million bushels based
on September-November disappearance. The season-average farm price for
corn is projected at $3.70 to $4.30 per bushel, up 35 cents on both ends
of the range based on the sharp rise in both cash and futures prices
that has been sustained during recent weeks. - Elton Robinson, Farm
Press Editorial Staff

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Corn & Soybean Digest Market News

Richard A. Brock
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