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A Penton Media Publication January 16, 2008 | 080116   
TABLE OF CONTENTS
 >> Logan Hawkes

 >> 2007 corn crop a record breaker, USDA Reports

 >> Stinkbugs, seed treatments, and early beans

 >> Unprecedented prosperity touted for U.S. agriculture

 >> 2008 World Ag Expo Top New Products unveiled

 >> Farmers 'gave at office,' don't expect any more

 >> Storage bags and corn: short-term evaluations

 >> Growers go high speed

 >> Lower crop insurance premium

 >> The World of Agriculture: The 2008 World Ag Expo

 >> Ag conferees face veto threat

 >> Iowa winners: Glaring void on agriculture issues

 >> Iowa caucuses bring out best in voters

 >> USDA: lower corn stocks, record rice yields



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  EDITOR'S NOTE
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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  FROM OUR MAGAZINES
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

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.

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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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

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

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

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.

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

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

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

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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