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 »

94% of U.S. corn, 97% of soybeans harvested

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  In what should be the last national crop report for the growing season, USDA says the U.S. corn and soybean harvests are nearly complete. As of Sunday, 94% of the corn crop is harvested, compared to 94% this time last year and the five year average of 92%. 97% of soybeans are harvested, compared… Read more »

EPA abandons RFS rulemaking for 2014

The Environmental Protection Agency says it will not finalize the 2014 Renewable Volume Obligations (RVO) for the Renewable Fuels Standard (RFS) this year. Instead, the agency says it will set the final 2014 volume standard next year, and try to get back on schedule in proposing the 2015 and 2016 blending volumes. Brian Jennings, executive… Read more »

Soybean sales hit marketing year low

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  USDA reports corn and soybean meal sales for the week ending November 13 were larger than expected, while wheat and soybean meal were within the anticipated range and soybeans fell below all estimates. Physical shipments of soybeans were above what’s needed weekly to meet USDA projections for the 2014/15 marketing year, but corn and… Read more »

Farm Credit CFOs anticipate interest rate rise

Short-term interest rates are expected to increase by two to two-and-a-half percent over the next three years. That’s according to poll of chief financial officers (CFOs) for Farm Credit Associations located in America’s heartland. Brian O’Keane is the CFO of AgriBank, which conducted the survey. He says it reflects the consensus of many economists that… Read more »

Conaway to chair House Ag Committee

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As expected, Texas Congressman Michael Conaway will be the chair of the House Agriculture Committee when 114th Congress takes office in January.  In a statement, the Texas Republican said: “I represent, and love, rural America. It’s the backbone of our country.  The values and concepts that make America great are stored in rural America, and… Read more »

Smith: “Bad timing” on Corps work

Missouri Congressman Jason Smith says it’s bad timing for the Corps of Engineers to close down part of the lower Mississippi River for repairs. “We’re facing one of the largest harvests on record and by closing that line of the Mississippi River with barge traffic – it’s devastating to all of our farmers and just… Read more »

89% of U.S. corn, 94% of soybeans harvested

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The 2014 U.S. corn and soybean harvests are close to the finish line. As of Sunday, 89% of corn is harvested, compared to 90% this time last year and the five year average of 88%. 94% of soybeans are harvested, even with the year ago pace and slightly behind the average of 96%. Winter wheat… Read more »

The need for antibiotic stewardship

The National Institute for Animal Agriculture held its annual antibiotics symposium “Antibiotic Use and Resistance; Moving Forward Through Shared Stewardship.” Dr. Lonnie King, dean of the College of Veterinary Medicine at The Ohio State University keynoted the conference, he says the main goal was to prepare agriculture for the FDA’s new guidance.  That is a… Read more »

Wheat exports slightly bigger than expected

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USDA reports wheat export sales for the week ending November 6 were larger than expected, while soybeans were below pre-report estimates and corn and soybean products were within the anticipated ranges. Physical shipments of soybeans were more than what’s needed weekly to meet USDA projections for the 2014/15 marketing year, but corn and wheat fell… Read more »