Rabobank recently released its quarterly hog report and the numbers show just how big of an impact the PED virus is having. Will Sawyer is Vice President; Animal Protein, Food and Agribusiness Research for Rabobank, he says we have not yet seen the bottom.
Herbicide resistant weeds are an increasing problem for farmers in the Corn Belt. Purdue University weed scientist Dr. Bryan Young says if the weeds aren’t controlled they can rob yield and reduce profitability.
But just how costly are those herbicide resistant weeds?
The decisions farmers will be making when sign-up begins for programs in the new Farm Bill will be important decisions. So where should a farmer be in the process right now? Dr. Carl Zulauf in the Department of Agricultural, Environmental and Development Economics at Ohio State University says thinking about base acres and base yields will be a good place to begin.
The best way to prevent weeds such as waterhemp is to overlap residual weed control compounds. That’s according to Bruce Bishop, regional chemistry account manager for Monsanto, who spoke to farmers and retailers during the Monsanto-sponsored agAcademy in Missouri.
Bishop’s recommendations focus not on any one brand of weed control system, but how the system is managed.
“No matter which system we go with, we can be effective and be good stewards of weed management no matter where we are,” he said, during an interview with Brownfield Ag News.
He makes a case for overlapping residual control to catch the nastiest weeds.
“The best way to control waterhemp is to never let it come out of the ground.”
Jim Knuth is senior vice president at Omaha-based Farm Credit Services of America. At the recent Iowa Farm Bureau Economic Summit in Ames, Knuth talked about the changing economic landscape in agriculture and adjustments that farmers will need to make in grain marketing, land lease agreements and their balance sheets.
A new study from the University of California-Davis says this is currently the third-worst drought on record in the Golden State with river water for the Central Valley reduced by roughly one-third. Groundwater pumping is replacing some of the river water losses, reducing the impact on agriculture.
Josue Medellin-Azuara is Senior Researcher at the Center for Watershed Sciences, he says while the groundwater is limiting the agricultural losses this year, if the drought continues it will eventually run out and then they will be in real trouble. He says a water management plan is needed desperately.
Profitability in the agriculture industry is changing.
As grain prices continue to decline, margins are becoming tighter. Purdue Ag Economist Mike Boehjle has some suggestions for farmers to better manage their risk.
During the Western Ag Research Station Agronomy Day near South Charleston, Ohio, Mark Sulc, Extension forage specialist at Ohio State University talked about a number of forage options following wheat that will work across the Midwest.
The possibility of a good harvest is putting negative pressure on corn and soybean markets. Matt Roberts, an agricultural economist at The Ohio State University, talks about what else may affect the market and what to do about it. Roberts tells Brownfield Ag News that he’s not surprised by the bearish tone to corn and soybean prices.
U.S. soybean farmers place a lot reliance on demand from China, but because of questions about China’s economy, Roberts says it may be wise to also seek demand in other areas.
In general, Roberts says that farmers should prepare for economic rough spots by maintaining a cash cushion of a year’s worth of land charges.
We keep hearing how good this corn crop is.
Purdue Ag Economist Chris Hurt is calling for a national yield average of 172 bushels per acre.
But what does that mean for corn prices, farm incomes, and new safety net programs?