Friday 27th January 2012

Lincoln campaigns for “sensible regulations”

Former Senator and Ag Committee Chair Blanche Lincoln says the Obama administration and Congress need to give farmers and other small business owners the certainty of less regulation.

Lincoln, who lost her reelection bid last year, is now with a DC law firm and has partnered with the National Federation of Independent Businesses to campaign for streamlining government regulations to help the economy and “protect jobs.” Lincoln – who comes from a farming family in Arkansas – says small businesses pay a disproportionate cost of regulation compliance, 364% more when compared to large businesses.  She adds, “Farmers ARE the quintessential small businesses.”  The name of the campaign is Small Business for Sensible Regulation.

Lincoln says reducing regulations will grow the economy, “We’ve talked about stimulus packages, we’ve talked about other things, and some of those things are fine and good. But, the best way is to empower them to use their own resources. And, the way you do that is to give them greater certainty and less ridiculous regulation.”

Lincoln says proposed new regulations would put heavy fines on farmers – with a lot of that coming from EPA “overreach.” Take proposed dust regulations, for example. Lincoln says she tried educating agency folks by taking them to farms and was amazed by their questions,“They would see a cotton farm after two weeks of no rain. And, they would be like ‘Oh my gosh, this is really dusty.’ Yeah, it’s really dusty down here!”

Lincoln says “to his credit”, President Obama is moving in the right direction calling for agencies to streamline regulations and root out those that are duplicated in other agencies. Lincoln says there are more than 300 EPA proposed rules and over 4-thousand across all agencies.

Lincoln urges farmers and other small business owners to go online to http://www.sensibleregulations.org/ and tell their stories.

AUDIO: Blanche Lincoln (28:00 mp3)

Closing Grain and Livestock Futures: August 30, 2011

Sept. corn closed at $7.63 and 1/2, up 7 and 1/4 cents
Sept. soybeans closed at $14.48 and 3/4, up 10 and 3/4 cents
Sept. soybean meal closed at $381.10, up $1.90
Sept. soybean oil closed at 58.20, up 20 points
Sept. wheat closed at $7.50 and 1/4, down 7 cents
Aug. live cattle closed at $114.25, up 75 cents
Oct. lean hogs closed at $85.70, down 70 cents
Oct. crude oil closed at $88.69, up $1.42
Oct. cotton closed at 104.91, up 14 points
Sept. Class III milk closed at $18.73, up 9 cents
Dow Jones Industrial Average: 11,559.95, up 20.70 points

Soybeans, corn recover early session losses

Soybeans recovered shortly after opening lower. Follow-through buying resulted in soybeans leading the way through Tuesday’s session. The November contract posted a new high for the third straight session. Buying interest also stems from dry conditions in the central and southern Midwest and the Delta region. DTN cited talk that China is close to ramping up imports to rebuild reserves adding to the bullish tone in the soybean pit. Some rain came to the western belt, which could help soybeans. With the right weather in early September, late-group varieties can still add yield.

Corn was lower for much of the session, but it recovered as well. The good-to-excellent crop ratings Monday were down more than expected. DTN says traders remain concerned about supply as a result of lost production in 2011. Light pressure could develop Wednesday from end-of-the-month profit taking. Farmers who haven’t sold may be anxious to price corn, so hedge pressure limited gains during the session. Rain this week will still help some corn, but will slow maturation.

Wheat futures opened lower and stayed that way Tuesday. That’s primarily because traders are less concerned over wheat’s long-term supply situation than they are for row-crops. The stronger dollar also seemed to play a role in putting pressure on wheat. The bottom line is, stronger world supplies make up for domestic shortfalls. But that could change if weather continues to play a role in domestic production problems. The sale Tuesday morning of 102,500 tons of wheat to an unknown destination limited wheat’s downside.

Iowa Farm Bureau debates crop insurance, conservation compliance

Should crop insurance be subject to conservation compliance rules in the next farm bill?

That’s one of the issues being discussed at the Iowa Farm Bureau’s summer policy conference in Des Moines this week.  

Iowa Farm Bureau president Craig Lang says some members are concerned with how the possible elimination of direct payments would affect conservation compliance.  

“If, in fact, the farm bill goes away, or the direct payments go away, or if they’re presented in a different way like a stronger safety net through revenue protection—what, in fact, is going to put the farmer in the position of conservation compliance that is related to federal funding,” Lang asks.

Lang expects a robust debate on that issue.

“Actually, the resolutions committee came through and said eligibility for crop insurance should not be subject to farm program conservation compliance requirements,” he says, “but as I went to three or four district meetings across the state, I found that either you’re on one side or you’re on the other one.”

Lang says resolutions dealing with the Corps of Engineers Missouri River policies and the ethanol blenders tax credit are also being discussed.

The Summer Policy Conference involves voting delegates from each of the 100 county Farm Bureaus in Iowa.  The purpose is to form Iowa Farm Bureau’s statewide policy for the 2012 legislative session.

AUDIO: Craig Lang (6:24 MP3)

Pork and beef values close sharply lower

For the most part the feedlot cattle trade was quiet with just a few bids reported in the South at 110.00 to 111.00 with asking prices there around 115.00, no bids were reported in the North where feedlot operators are asking 185.00 dressed. The premium of the nearby live cattle futures should help to support such higher asking prices at least for the short term. The cattle kill at 127,000 head is 1,000 below last week and 2,000 smaller than a year ago.

Boxed beef cutout values were lower to sharply lower on light to moderate demand and moderate to heavy offerings. Choice beef was down 1.63 at 184.57 and the select was 3.01 lower at 176.07.

Live cattle contracts settled mixed from 75 points higher to 12 lower on the Chicago Mercantile Exchange. Traders squared positions ahead of the cash trade and the expiration of the August contract on Wednesday. Boxed beef was lower on reduced demand as we move into fall. August settled .75 higher at 114.25, and October was down .07 at 114.52.

Feeder cattle contracts settled .30 to 67 higher in a sluggish trade, softness in the corn trade early helped to support futures that continued higher despite the turnaround in corn to the upside. September settled .30 higher at 132.62; October was up .30 at 133.00.

[Read more...]

Milder August aids grain fill in Nebraska

Some of the best crops on last week’s ProFarmer Midwest crop tour were found in Nebraska.

Mark Jagels, who farms near Davenport in south-central Nebraska, says he’s expecting “a good, average corn crop”.  He says the mid-summer heat wave took its toll, but better conditions of late could help with grain fill.

“The warm nights there in the middle part of July and first part of August, I think, really hurt us.  We had a lot of nights where we didn’t get under 75-78 degrees and that corn plant never had the ability to shut down. So we’ve seen a lot of tipping back,” Jagels says. “This cool weather here the last couple weeks has helped us tremendously—hopefully we’ll gain back some test weight, some kernel size, kernel depth and things like that.”

Eric Moore, an area agronomist with Pioneer in southwest and south-central Nebraska, agrees with that assessment.

“Even though we lost some ear development there as far as the total kernel count during that stress, we’ve had very good conditions for grain fill after that period,” Moore says. “So sometimes if you lose a little bit of kernel count, you can make it back with grain fill conditions—with additional test weight and kernel density as well.”

Moore says planting date and nighttime temperatures during pollination will be the big determining factors in final crop yields.

An update on Syngenta’s Seedcare portfolio

At a recent seed company field day near York, Nebraska, Brownfield’s Ken Anderson asked Dana Stubbendeck of Syngenta Crop Protection for an update on Syngenta’s Seedcare seed treatment offerings for both corn and soybeans.

AUDIO: Dana Stubbendeck (3:55 MP3)

Survey looks at 2012 planting intentions

A survey of farmer’s early planting intentions for 2012 indicates acreage increases for corn, soybeans and wheat.

The Farm Futures survey shows next year’s corn acreage could hit nearly 94 million acres.  That would be a record number and up one-point-seven percent from this year’s total. 

The survey shows 2012 soybean acreage could reach nearly 77 million, a two-point-three percent increase.  And farmers indicated they will plant more than 42 million acres of winter wheat this fall, up three-point-one percent—with total wheat plantings for 2012 up nearly four percent.

Analysts say the soybean and wheat numbers suggest considerable double-cropping in southern areas, if the weather cooperates.

Iowa leaders unite against proposed E15 ban

An effort in Congress to derail the newly-approved 15 percent ethanol blend—E15—is generating a strong response from Iowa leaders.

According to a news release from the Iowa Renewable Fuels Association, Iowa governor Terry Branstad, secretary of agriculture Bill Northey and members of Iowa’s congressional delegation have all issued statements urging Congress to reject amendments to the FY2012 Interior Appropriations Bill that would essentially ban the use of E15.

Members of Congress from Texas and Oklahoma are behind the effort.  Iowa Representative Steve King calls it “protectionism on the part of the petroleum industry.”

Kinze brings new innovation to Farm Progress Show

Innovation is the name of the game for Kinze Manufacturing. Susanne Kinzenbaw Veatch, Vice President and Chief Marketing Officer told Brownfield that her father founded the company with innovation, and innovation is still key. Farmers visiting the 2011 Farm Progress Show will learn about the autonomous row crop technology which eliminates the need for an operator in the tractor during planting and/or harvest.

A new series of corner auger grain carts just released from Kinze is also getting a lot of attention.

Audio: Suzanne Kinzenbaw Veatch