It was definitely easier for an above-average corn grower to shoulder extreme rent in 2011 than 2012, according to financial adviser Sam Bachman with AgriSolutions, a Brighton, IL, financial consulting firm.
A fact surprising accountants as they study yearend farm financials for 2011 is how well private policies paid for wind and hail coverage, separate from more than $10 billion in claims paid nationwide under federal crop insurance last year.
Ethanol producers want to expand the market for ethanol in the U.S. by promoting the use of motor gasoline with a 15 percent ethanol ratio, or E15. But their efforts are being frustrated by many hurdles that might delay the fuel’s commercialization for some time, attendees at an ethanol conference held last week were told.
“We need to better market this industry with a positive message [such as] consumer choice [over which fuel to use], paying less at the pump and people getting jobs and the more opportunities now available to rural America,” he said. “What is at stake is a [fight over the] value system and it starts with agriculture.
U.S. Food and Drug Administration (FDA) Commissioner Margaret Hamburg said last Wednesday that if her agency does not get more money to implement the Food Safety Modernization Act, she can already predict an increase in foodborne illness and problems with imported food.
The state’s highest court found in favor of two Texas farmers who challenged the Edwards Aquifer Authority (EEA), according to the court’s ruling. In 1996, Burrell Day and Joel McDaniel requested a permit to pump water for crops from the Edwards Aquifer on a ranch near San Antonio.
Smith’s comments paralleled statements in USDA’s Livestock Outlook report, which said that consumption of red meat and poul try would drop roughly 6 pounds per capita in 2012. The average American will consume about 198 pounds of meat, the Outlook report stated.
Ethanol and farm groups praised an Environmental Protection Agency (EPA) decision Feb. 17 to approve a higher level blend of ethanol known as E15, but the Environmental Working Group announced a campaign to discourage consumers from using it, and an Agriculture Department economist said he did not think it will win acceptance soon.
It’s been a warm winter everywhere, but the higherthan-usual temperatures have taken on different manifestations around the Corn Belt. In Illinois and Indiana, farmers have been fighting mud while trying to bring their winter corn commitments to market.
Almost exactly one year after launching the probe, in December of 2011, the Chinese government announced it would extend the probe until June 28 before making a final ruling. China’s Commerce Ministry called the case “special and complicated” and it warranted the extended months for the investigation.
Randy Main, Buffalo Center, IA, retailer is building a fertilizer condo. As the name implies, the condo is a facility where farmers can store their own UAN32 for a fee without having the expense and hassle of building and maintaining on-farm storage..
Potential interference with GPS signals was too much to overcome to make the proposed LightSquared wireless network feasible in rural areas as the Federal Communications Commission (FCC) announced last Tuesday it would not allow the project to move forward.
Yet, Butler also described his frustration with the way a proposed livestock marketing rule, or “GIPSA rule” was beaten into submission by what Butler called cowardly moves in Congress, and “vicious lies” attacking him personally in the battle over a farm-bill rule on livestock.
Nearly 300 people crammed into a motel meeting room to attend the first cash rent public auction in the Mason City, IA, area Saturday, Feb. 4. About 25 active bidders raised hands or nodded heads as two-year leases for more than 2,250 tillable corn/soybean acres in 14 tracts went up for grabs.
A Center for Biological Diversity (CBD) lawsuit filed last January could lead to restrictions or the outright banning of many pesticides and other chemicals to protect endangered species. Ongoing settlement negotiations between CBD and agriculture groups could wrap up this spring, assuming a settlement can be reached.
Corporate profits are up 15 percent over last year. “If I didn’t know better, I’d say we were in the middle of a big economic expansion,” said Dotzour. “But investors are not willing to pay for those profits and companies are not willing to hire because no one thinks Con-.
“This is something I have been harping on privately to various groups and publicly,” Lucas said in a phone interview last Wednesday with DTN. “If we don’t come to some sort of a practical consensus, if we can’t march together, if we are fractured up, then we’re lost.
“I want to thank J. Dudley Butler for his outstanding service as administrator of the Grain Inspection, Packers, and Stockyards Administration,” Agriculture Secretary Tom Vilsack said in a statement distributed by his office.