Ethanol production hits all-time high

Ethanol production has hit a new all-time record. During the week of November 21st, ethanol production advanced 1.2 percent to 982-thousand barrels a day.  According to the Renewable Fuels Association, that equates to 15.05 billion gallons on an annualized basis. Despite the increased production, ethanol inventories actually dropped 1.5 percent, reflecting continued good demand for ethanol. Photo… Read more »

RFA head: Elation over RFS announcement short-lived

The president and CEO of the Renewable Fuels Association, Bob Dinneen, says his elation over the EPA’s recent announcement on the Renewable Fuels Standard was short-lived. “I feel a little bit like the receiver that just caught a Hail Mary pass at the end of regulation,” Dinneen says. “I’m elated in the end zone, but… Read more »

Late emergence of winter wheat a concern in some areas

The final condition rating of the nation’s winter wheat crop, until next spring, is 58 percent good to excellent and six percent poor to very poor. That’s a slight decline from last week and also a few points below where the crop finished up this year. USDA meteorologist Brad Rippey says there are two major… Read more »

Net farm income down 21 percent

USDA says U.S. net farm income for 2014 will be down 21 percent from last year, dropping from 123 billion to 97 billion dollars. Higher production expenses are the main driver of the drop in net farm income. Total production expenses are forecast to increase almost six percent in 2014 extending a four-year upward trend… Read more »

Northey hopeful EPA’s delay is a good sign

Reaction from ag leaders has been mixed following the EPA’s announcement that it is once again delaying its decision on 2014 ethanol blend requirements in the Renewable Fuels Standard (RFS). Iowa secretary of agriculture Bill Northey says that while he is disappointed with the continued delays, he is hopeful that the EPA is reconsidering its… Read more »

Congress wrestles with tax extenders

Congress continues to wrestle with the tax extenders package. Republicans and Democrats are reportedly working on a compromise that would make permanent a few of the tax breaks that expired at the end of 2013 and extend others through 2015. Iowa Senator Chuck Grassley hopes they’ll have it ready for a vote by next week…. Read more »

A-FAN works to expand Nebraska’s livestock industry

When you think about the livestock industry in Nebraska, the beef industry is probably the first thing that comes to mind. But Willow Holoubek, executive director of the A-FAN, says there’s plenty of opportunity to expand other livestock sectors as well. “Beef is our foundation,” Holoubek says, “but the pork, dairy and poultry industries all… Read more »

Grassley hopes for tax extenders vote by next week

Rural Issues copy

Congress continues to wrestle with the tax extenders package. Republicans and Democrats are reportedly working on a compromise that would make permanent a few of the tax breaks that expired at the end of 2013 and extend others through 2015. Of particular interest to agriculture are the biodiesel tax credit and the Section 179 deduction… Read more »

Vesicular Stomatitis found in two Nebraska cattle herds

The Nebraska Department of Agriculture reports the livestock disease Vesicular Stomatitis (VS) has been diagnosed in cattle on two farms in Wheeler County in north-central Nebraska. Nebraska agriculture director Greg Ibach says they are working to determine the source of the disease. And because the disease can be transmitted by nose to nose contact, Ibach… Read more »

Analyst: Russian potash problems won’t have major impact

A fertilizer industry analyst says a flood at a Russian potash mine, which accounts for about three percent of global potash supply, shouldn’t have much impact on potash prices in the U.S. David Asbridge, president and senior economist with NPK Fertilizer Advisory Service, doesn’t expect potash prices to rise as a result of Russian situation…. Read more »