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.
Farm Bureau delegates reversed their position last Tuesday from last year’s farm-policy recommendations that had effectively defended keeping much of the commodity title from the 2008 farm bill intact. Instead, Farm Bureau stripped its policies supporting direct payments, counter-cyclical payments, and the Average Crop Revenue Election program.
For much of West Texas, drought conditions are nothing new, but it was hard to find anyone in 2011 who recalled a worse drought. Amarillo, TX, generally averages 20 inches of precipitation annually. Through mid-August, the city registered 2.5 inches. By late December, that had bumped up to 6 inches, reflecting a minor fall reprieve.
You might feel as if you have whiplash, almost as if someone else spent their year yanking you back and forth. It’s been an unprecedented year for grain markets with many daily moves dictated by headlines from Europe rather than news from the Corn Belt.
China passed Canada as the top market for U.S. ag exports in 2011. As recently as 2004, China’s purchases totaled only $6 billion, making it our fifth-largest ag export market. In the fiscal year that ended Sept. 1, the world’s largest importer of cotton and soybeans bought $20 billion of U.
MF Global appears to have violated one of the major tenets of clearing house accounting: the company transferred money from segregated customer accounts to the firm’s proprietary accounts. And since the firm declared bankruptcy, those funds have become the center of a collapse that has shaken farm country nationwide.
House Agriculture Committee ranking member Collin Peterson, D-MN, wants Congress to consider adding the farm bill, which was prepared for the failed supercommittee on deficit reduction, to a bill to pay for an extension of payroll tax relief and...
Agribusiness owners put their present situation at 118.0, or very positive and second only to November 2010’s 122.2 rating. However, looking ahead, agribusinesses managers who do business with farmers are the most negative about the future since the index’s inception, giving a rating of 88.