New Year's resolutions aren't just for those who are overweight, sedentary or struggling to break a bad habit. Farmers can resolve to avoid poor management practices or implement better production techniques in 2013.
Purdue University crop, livestock and agricultural economics specialists shared their top three farmer resolutions for the year ahead. Those resolutions, and specialist comments about them, are:
Chris Hurt, extension agricultural economist...More
Farm Industry News delivered agriculture news to readers around the world daily on its website in 2012. Of all content published on farmindustrynews.com, photo galleries have proven to be the most popular content by far. Here is a look at the year's top 10 photo galleries from Farm Industry News.
Thinking of a Minnesota winter often evokes images of baren, cold landscapes and sub-zero temperatures, but nature photographer Jim Radford captures the season in a different light. These images from across Minnesota show the serenity and beauty the state boasts during its coldest season. Enjoy an alternative look at the Minnesota landscape as you celebrate this holiday season with family and friends.
Russell and Beau Estes won the honor of providing the annual Christmas tree in August through the National Christmas Tree Association Grand Championship contest. This holiday season, the two accompanied the 18.5-ft. Fraser fir tree grown on their Jefferson, N.C., farm to the White House and helped present the award-winning tree to Mrs. Obama. The tree is displayed in the White House Blue Room during the holiday season....More
This holiday season, we at Farm Industry News want to thank our readers for being active members of the agriculture community by engaging in our coverage in print, online and through Facebook and Twitter this year. From our coverage of the newest farm equipment and high tech products that hit the market, to our in-depth look at the 2012 drought and much more, we hope Farm Industry News has been a valuable resource for you this year and beyond....More
The deadline is approaching on Saturday, Dec. 15 for the Faces of Farming and Ranching national spokesperson contest sponsored by the U.S. Farmers and Ranchers Alliance (USFRA). View the candidates and cast your vote here. The nine finalists were selected by a panel of judges, and one will be chosen as a national spokesperson for agriculture based on votes. USFRA put out a call earlier this summer for outstanding farmers and ranchers who are focused on continuosly improving their farm and ranch operations....More
A return to more normal U.S. corn yields in 2013 could send new-crop prices spiraling downward, but persistent drought in some of the nation's top corn-producing states could have the opposite effect, says Purdue Extension agricultural economist Chris Hurt.
The USDA predicts the midpoint of U.S. farm prices on 2012 corn will be $7.60 per bu. If yields are more normal in 2013, Hurt said prices could fall by $2.10 to $5.50 per bu. - the largest ever year-to-year drop....More
March 2013 corn futures dropped below $5.50 in early May 2012 and were drifting lower when U.S. drought conditions turned prices higher starting in mid-June. The price of that contract peaked in early August, just short of the $8.50 mark. March 2013 soybean futures dropped below $11.50 in December 2011before South American drought conditions and then U.S. drought conditions sent that contract above $17.25 by mid-September 2012....More
2012 has been a remarkable year for farmland values. Even a record-setting drought hasn’t dampened the market. And as this year draws to a close, the number of land sales has increased along with the prices paid for the land....More
Corn prices peaked in August, moved sharply lower in September, and have been in a sideways pattern over the past two months. Within that sideways pattern, prices have moved higher over the past two weeks, with March 2013 futures trading within $0.10 of the post-September high. The recent rally has been fueled by some supply concerns and more optimism about near-term demand....More
There is a wire, ear-corn crib in our pasture that I drive by at least a dozen times a week. Today I noticed that is was empty, and has been empty for the last 25 years. The old ear-corn crib is not the only empty bin on our farm. Three useable bins (the old wire ear-corn bin is a permanent bird roost) on our farm are unused as harvest 2012 is complete.
The unused space would have held the 30% loss in corn yield, and the 15% loss in soybean yield due to the drought. An unused bin is not all bad since I hope to refurbish/update one of the bins this winter....More
The Prairie Agricultural Machinery Institute (PAMI) recently hosted a forum aimed at identifying the agriculture industry’s innovation needs for the next decade. About 30 agriculture leaders from across Saskatchewan, Canada, gathered to give their input on the future of the industry, covering such topics as crop characteristics, rural population challenges, genetically modified crops, labor and technology.
Some of the key needs identified at the meeting included:...More
They’re not making any more farmland, right? Wrong.
“Don’t believe that myth,” advises Mike Boehlje, an agricultural economist at Purdue University.
The Corn Belt hasn’t expanded as if by magic. But the red-hot commodity prices of recent years have stimulated a dramatic increase in new land coming into production around the globe, Boehlje says. In addition, productivity of existing farmland continues to climb as high prices justify more intense management....More
Despite widespread drought that slammed Corn Belt yields in 2012, farmland prices continue their upward trajectory, though increases in recent months appear to have backed off from the 20-percent-plus annual gains of recent years.
Midyear farmland price data from the Chicago and Kansas City Federal Reserve banks, as well as surveys by Illinois and Iowa farm manager and Realtor groups, show farmland price increases of 5 to 10% in the first half of the year, substantially below the pace of recent years....More
Even with farmland selling at record highs throughout much of the nation, land remains a sound value and will likely continue to go up in price over the long term, farmland expert Murray Wise told a conference sponsored by the Federal Reserve Bank of Chicago Tuesday....More
Generally, farms with more of their acres cash rented at higher cash rent levels will face more downside income risk compared to farms with fewer acres cash rented at lower cash rent levels. As a result, farms with high cash rent levels could face large losses in some future year. This is illustrated by projecting 2013 incomes for farms with different rental situations.
Current futures prices suggest harvest-time 2013 prices of $5.80 per bu. for corn and $12.40 per bu. for soybeans. Given these prices, 2013 farm incomes likely would be above average. Worst case incomes depend on levels of projected prices used to set crop insurance guarantees. Likely projected prices will provide significant downside revenue protection. To quantify income projections, farm incomes for a 1,200 Illinois grain farm are simulated and presented.
To help give producers easier access to farm and field information through their mobile device, John Deere introduces Mobile Farm Manager. The application, which can be downloaded free from the Apple Store, is compatible with iPad and iPhone mobile devices and connects to users’ Apex farm management software....More
Consumers preparing turkey dinners should expect to pay a little more for Thanksgiving staples this holiday season, a Purdue University agricultural economist says.
Corinne Alexander said holiday shoppers face moderate increases in food prices, but those increases are building on sharp rises from previous years.
"It's not a one-year story," she said. "Grocery store food price increases of 0.8% in September 2012 are building on the 6.3% increase in September 2011.
Alexander expects food prices to continue to increase in 2013....More
Penton Media today acquired Farm Progress from Fairfax Media Limited of Sydney, Australia, significantly expanding its agriculture sector footprint to become the largest and most diversified agriculture information business in North America, offering live events, digital products, data, marketing services and publications. This acquisition directly supports a key Penton strategy of increasing investment in existing sectors that offer strong long-term growth potential, and it more than doubles Penton’s position in agriculture, which becomes the company’s largest sector group....More
The Breaking New Ground Resource Center at Purdue University has been awarded a four-year, $1.9 million National AgrAbility Project grant from the U.S. Department of Agriculture to continue its work in helping farmers with disabling injuries or illnesses continue to live productive lives in agriculture....More
Wilbur-Ellis Company, a recognized leader in the distribution and marketing of plant protection, seed and nutritional products, announced it has acquired the assets of Mott Grain, located in Mott, N.D. The acquisition broadens Wilbur-Ellis’ footprint in Southwest North Dakota and will complement the company’s aerial application business. ...More
The robotic system that operated on Rick Elliott’s farm near Monmouth, Ill., didn’t resemble a robot. Instead, it looked like a typical combine-tractor-and-grain-cart setup—except the tractor moving through the field was empty....More