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by DTN
Mar 20, 2009
Legislation aimed at stopping the slaughter of wildlife that are munching on crops has passed the state Senate and now goes to the House. Under the bill, ranchers and farmers could no longer kill wildlife on private land unless the animals were predators threatening people, pets or livestock.
News
by DTN
Mar 13, 2009
While strong 2008 incomes and years of conservative borrowing have kept U.S. farmers in a relatively good credit situation heading into planting season, the long-term outlook is less positive, analysts said.
News
by DTN
Mar 13, 2009
USDA last Wednesday lowered both U.S. corn and soybean ending stocks for 2008-09 as higher ethanol use buoyed corn usage while soybeans got a bump in record exports to China. ?U.S.
News
by DTN
Feb 27, 2009
The Montana House of Representatives strongly endorsed a bill that paves the way for construction of a horse slaughterhouse in Montana and aims to bring the industry back to the U.S. Backers said ranchers and those who own horses have been struggling ever since all the slaughterhouses in the country were closed down.
News
by DTN
Feb 27, 2009
Japanese consumers have shifted their buying habits to lower-priced cuts of meat and U.S. beef exporters can take advantage of that move, but must overcome an unfavorable exchange rate hurdle. Still, the beef exporters will have to accept a partial consumer shift to other protein sources as well, market observers say.
News
by DTN
Feb 27, 2009
The state of the ethanol industry is decidedly different than it was just months ago, but Renewable Fuels Association President Bob Dinneen told industry representatives last Tuesday at the National Ethanol Convention that despite the tough economic times, he believes the ethanol industry will emerge better for it.
News
by DTN
Feb 27, 2009
Land values fell in the fourth quarter of 2008, but so far in 2009, land is holding its own, slightly off last years highs. Land prices in the fourth quarter were down 6 percent in Iowa and 3 percent in Illinois, according to the Federal Reserve Bank of Chicago.
News
by DTN
Feb 20, 2009
Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton is endorsing a bill that would strengthen CFTC?s regulatory powers, but Chilton says he believes CFTC should have authority to launch criminal investigations. CFTC regulates the grain, meat and financial futures exchanges in Chicago, New York, Kansas City and Minneapolis.
News
by DTN
Jan 30, 2009
Is the estate you spent a lifetime accumulating and/ or conserving going to be reduced significantly by the time your heirs receive it? Only action now on your part will help to ensure your heirs receive the estate you intend.
Cattle Market & Farm Reports, Editorials
by DTN
Sep 12, 2008
U.S. farmers will have to spend roughly 30 percent more next spring to plant corn and soybeans due to soaring energy prices driving up the cost of fertilizer, according to a University of Illinois study. As a result, consumers will likely pay higher prices for everything from bread to milk to meat. The cost to plant corn next spring will be $529 per acre, up 36 percent from 2008 and up 85 percent from the five-year average $286 per acre, said Gary Schnitkey, an agricultural economist who conducts the annual survey of expenses excluding land costs. At $321 an acre, soybean input costs
Cattle Market & Farm Reports, Editorials
by DTN
Aug 29, 2008
Russia may pull out of trade deals Amid fraying trade relations between Moscow and Washington, Russia said it would slash U.S. import quotas for chicken and pork, both big export products to the region from the U.S, reported the Wall Street Journal. After U.S. officials said Russia’s war with Georgia had cast doubt on Russia’s bid to enter the World Trade Organization (WTO), Prime Minister Vladimir Putin last Monday called for pulling out of trade deals that Russia had signed when it was expecting quick admission into the trade body. Then Russian Agriculture Minister Alexei Gordeyev said last Wednesday that Moscow plans to
Cattle Market & Farm Reports, Editorials
by DTN
Aug 29, 2008
Food —Argument shifting from bushels to acres Heavy rains flooded Midwestern cornfields in June, raising questions about what a severely crippled corn crop would mean to the ethanol industry. But improved seed hybrids and ideal weather may be turning the food-versus-fuel debate on its head. An August USDA production forecast of a 12.3-billion-bushel corn crop in the face of seemingly catastrophic corn losses in some parts of the Corn Belt has left ethanol supporters scratching their heads. "It was surprisingly high," said Rick Tolman, president of the National Corn Growers Association (NCGA). "Every year we have better germplasm traits that make that plant less
Cattle Market & Farm Reports, Editorials
by DTN
Aug 1, 2008
USDA will not allow landowners to take acres out of the Conservation Reserve Program (CRP) early unless the landowner agrees to pay the normal early-out penalties for breaking a contract, Agriculture Secretary Ed Schafer said last Tuesday. Schafer said the decision not to allow early out "strikes the best possible balance between supporting programs that protect our natural resources and meeting the nation’s need for grain production." The decision effectively means farmers wanting to void a CRP contract for 2009 crops would have to pay the USDA penalties to do so. In choosing to stand pat on CRP, Schafer said USDA completed
Cattle Market & Farm Reports, Editorials
by DTN
Jun 27, 2008
Business advisor: 16 ethanol plants filing bankruptcy, many more to come The U.S. ethanol industry is in trouble and can expect to see a rash of bankruptcies and dismantling of at least some production, according to a specialist who helps companies in distress. Alex Moglia, president of Moglia Advisors based in the Chicago area, said he knows of at least 16 ethanol companies that are filing for bankruptcy, and there will be at least two to three times that number filing within the next year. Though he declined to give the names of companies involved, Moglia said, "There’s a whole host of them
Cattle Market & Farm Reports, Editorials
by DTN
Jun 27, 2008
Wheat not yet cost-effective corn alternative Amid fears that flood-induced acreage losses will push corn prices even higher, livestock producers are considering their options to find the least-cost feed rations for their herds. For now, wheat prices are too high to be considered a cost-effective alternative for corn, but that could change as flood damage is assessed and corn acreages losses calculated. "How this all turns out in the end will depend on what happens with the corn crop and the price of corn," said Gary Vocke, ag economist for USDA’s Economic Research Service. "We don’t know the result of all this flooding, what
Cattle Market & Farm Reports, Editorials
by DTN
Jun 27, 2008
Small businesses search for next generation fuel feedstocks Robert Byrnes has all the proof he needs that biodiesel from camelina, restaurant waste and animal fat is a viable fuel source. To testify before Congress on recently, Byrnes made the 1,200 mile trek to the nation’s capital without using a drop of petroleum. Byrnes, a farmer from Oakland, NE, powered his Jeep using only farm-made biodiesel. He was one of five expert witnesses testifying before the House Subcommittee on Rural and Urban Entrepreneurship on second generation biofuels and their effects on America’s small businesses. "The idea was to try and quantify the potential opportunities,"
Cattle Market & Farm Reports, Editorials
by DTN
Jun 27, 2008
Farmers prepare for higher fuel costs Central Iowa corn and soybean farmer Charles Helland usually waits until closer to fall before securing his fuel needs for the season, but this year he’s planning to firm up fuel needs in the next week or so. "In the past, fuel costs haven’t varied that much from the beginning of summer to the end, so it wasn’t much of an issue,"" said Helland, who farms with his brother Mike near Huxley, IA. "But in these markets, who knows how high the price of diesel will be come fall?" Early-bird buying isn’t the only new habit for
Cattle Market & Farm Reports, Editorials
by DTN
Dec 20, 2007
Chicago Mercantile Exchange Holdings Inc. (CME) said it would increase the value of its $10 billion bid for the Chicago Board of Trade by adding a special dividend for owners of CBOT Holdings Inc. (BOT). The move, announced last Thursday, is designed to respond to a similar proposal from IntercontinentalExchange Inc. (ICE), which is pursuing a hostile bid for CBOT, the owner of the country’s oldest futures exchange. Shortly afterward, CBOT said it had rejected ICE’s latest offer. In its announcement, which followed a meeting of CBOT’s board, CBOT said the revised bid isn’t superior to its revised agreement with
Cattle Market & Farm Reports, Editorials
by DTN
Dec 20, 2007
That’s 15 percent of the federally controlled water in California, which would make it the largest grant to irrigators since the U.S. Bureau of Reclamation was created in 1903, agency officials said. The Westlands Water District, a coalition of giant agribusinesses in the fertile San Joaquin Valley, draws its water from the Central Valley Project, a vast irrigation system that also supplies drinking water to about 1 million households. If drought-like conditions persist in the West, a deal would guarantee the farmers’ irrigation pumps will flow, even if that means some cities in the San Francisco Bay area will get


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