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Showing posts from April, 2016

Farm Economy Beginning to Show Signs of Stress

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Farm Economy Beginning to Show Signs of Stress
Bruce Sherrick, Director Center for Farmland Research - University of IllinoisThis is the third year of a financial crunch on the farm. It follows on the heels of a series of tremendous seasons since 2006. Todd Gleason reports the extra money, from then, is now starting to run out. 2:46 radio
3:01 radio self contained The financial stress in the ag sector may really begin to show this fall if low commodity prices persist says the Director of the TIAA CREF Center for Farmland Research on the Univeristy of Illinois campus, Bruce Sherrick (share-ick). Sherrick :14 …for delivery within this year at least. Quote Summary - It is already affecting cash rents and land prices some. However, on a percentage basis not as much as the current cash prices (would suggest) for delivery within this year at least. Sherrick says a a couple of things have happened which explain this buffering. The last several years have been really quite good f…

National New Era Cash Price Midpoints for Corn & Soybeans

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National New Era Cash Price Midpoints for Corn & Soybeans
Scott Irwin, Agricultural Economist - University of Illinois The ag economists at the University of Illinois have updated their work predicting the “New Era” long range cash prices for corn and soybeans. Todd Gleason has more from the Urbana Champaign campus. Seven years ago Darrel Good and University of…
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3:41 radio self contained Seven years ago Darrel Good and University of Illinois colleague Scott Irwin predicted the average cash price for central Illinois corn and soybeans would be $4.60 and $11.20. It started with a simple idea. The last time the price of corn and soybeans had really changed was during the 1972/73 crop marketing year says Scott Irwin.Irwin :49 …are $4.35 on corn and $10.44 on soybeans.Quote Summary - Right. The first era was a $1.28, the second era was $2.36. The price jumped about 90%. We took that as our starting point and then realized this magnitude of jump made some sense g…

4-H Robotics Competition @ ILLINOIS

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4-H Robotics Competition @ ILLINOIS
Jessica Zarate (age 14), - Tigers Robotics 4-H Club - Aurora, Illinois
Caleb Widner (age 12), Power Surge Robotics 4-H Club - Normal, Illinois
Ross Schmidgall (age 15), - Power Surge Robotics 4-Club - Normal, Illinois

TV Downloads

Did you know 4-H, that’s the world’s largest youth organization, is into robots. It is, and so are kids. Todd Gleason has more from an amazing robotics competition held in mid-April on the University of Illinois campus in Champaign, Illinois.

How many kids do you think might show up…
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Wet Weather Ends in Argentina, Harvest Set to Continue

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Wet Weather Ends in Argentina, Harvest Set to Continue
Mark Russo, Riskpulse - Chicago, IllinoisI’m Univeristy of Illinois Extension’s Todd Gleason. The price of soybeans have jumped in Chicago in part because of really wet weather in Argentina. That’s a done deal now says meteorologist Mark Russo of Riskpulse out of Chicago, Illinois.Russo :61 …nine days of dry weather in Argentina.Mark Russo follows agricultural growing conditions around the planet for Riskpulse. He made his comments during the Monday edition of the Closing Market Report from the University of Illinois, online at WILLAg.org. I’m Todd Gleason.

Are Large Corn and Soybean Price Swings Finished or Just Started

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Are Large Corn and Soybean Price Swings Finished or Just Started
Darrel Good, Agricultural Economist - University of IllinoisThe recent, and dramatic swing upwards in the price of corn and soybeans has many caught off guard. Most had felt self-assured the looming prospects of another year of record crops would keep prices under pressure. Now those same folks are wondering if this move is the big one for the year. Todd Gleason has more from the University of Illinois on how one agricultural economist sees the marketplace for corn and soybeans. There is a simple rule of thumb Darrel Good…
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3:04 radio self contained There is a simple rule of thumb Darrel Good from the University of Illinois uses when thinking about each and every crop year. Start the marketing plan by plugging in a normal crop, then adjust as facts about the summer weather pattern become available. Factually most weather forecasters have come a long way as it pertains to one long range item. There …

April Planting Dates Work for Soybeans in Illinois

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April Planting Dates Work for Soybeans in Illinois
Emerson Nafziger, Extension Agronomist - University of Illinois Farmers are pretty used to not thinking about planting soybeans anywhere in the state of Illinois until May. Todd Gleason reports University of Illinois studies beg to differ.First things first, the south third of Illinois is…
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2:47 radio self containedFirst things first, the south third of Illinois is just different than the rest of the state. It’s clear, by the University of Illinois planting date studies, that soybeans sown in April can do well there, it’s just really hard to get a good stand. Yields in the top two-thirds of the state respond the same way to earlier planting dates. The earliest dates, starting around the 10th of April, have the highest yields and things fall off as time paces. University of Illinois Extension Agronomist Emerson Nafziger is a bit cautious about this so, he simply states he’d start when field conditions are good to…

Is Fall-Applied Nitrogen Still Present

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Is Fall-Applied Nitrogen Still Present
Emerson Nafziger, Extension Agronomist - University of Illinois
The Bulletin Source ArctleCorn growers are concerned about the amount of fall-applied nitrogen that might have been lost through the winter and how this might change nitrogen management this spring. Todd Gleason has more on how the warm, wet winter may or may not have moved the nitrogen. 2:37 radio
2:49 radio self containedThe first question that needs to be asked on nitrogen management is simple says University of Illinois Extension Agronomist Emerson Nafziger. You need to know how much nitrogen the crop will need, then how much is naturally available, and finally, how much should be applied. Nafziger :34 …this will get back into the soil, some won’t.Quote Summary - Our best estimate, and this is a bit of a floppy number, is the crop will take up about a pound of nitrogen for each bushel it produces. About two-thirds of that is going to be in the grain and removed by har…

Soybeans, the Switch is On - TV

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Soybeans, the Switch is On - TV
Darrel Good, Agricultural Economist - University of IllinoisEver since USDA released the Prospective Plantings report March 31st, many have been wondering if farmers will decide to switch a few corn acres to soybeans. The higher price of that crop, as Todd Gleason reports, seems to make this more likely.Farmers told USDA in March they would plant about 82.2…
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2:33 tv cg Farmers told USDA in March they would plant about 82.2 million acres of soybeans this season. This is one percent less than last year, and a million acres or so less than the trade had really expected. Prices have rallied since then and University of Illinois Agricultural Economist Darrel Good thinks that million acres could be back in play, but that it won’t really change much.Good :33 …alter the supply expectation very much.Quote Summary - I tend to think there will be some modest switching given the price reaction we’ve had since that report was released. Soybeans …

4-H Honey Bee Challenge Kicks Off this Weekend

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4-H Honey Bee Challenge Kicks Off this Weekend
Judy Mae Bingman, Illinois State 4-H Office

4-H in Illinois is working to make people aware of the importance of the honey bee to our food production system. There is a Honey Bee Challenge kickoff event this weekend.

4-H State Robotics Competition on Campus

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4-H State Robotics Competition on Campus
Judy Mae Bingman, Illinois State 4-H Office
4-H Robotics Competition Web PageThe statewide 4-H Robotics Competition is this weekend, Saturday April 23 2016, at the ARC on the University of Illinois Urbana Champaign campus.

Soybeans, the Switch is On

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Soybeans, the Switch is On
Darrel Good, Agricultural Economist - University of Illinois

Ever since USDA released the Prospective Plantings report March 31st, many have been wondering if farmers will decide to switch a few corn acres to soybeans. The higher price of that crop, as Todd Gleason reports, seems to make this more likely.

Farmers told USDA in March they would plant about 82.2…
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Farmers told USDA in March they would plant about 82.2 million acres of soybeans this season. This is one percent less than last year, and a million acres or so less than the trade had really expected. Prices have rallied since then and University of Illinois Agricultural Economist Darrel Good thinks that million acres could be back in play, but that it won’t really change much.

Good :33 …alter the supply expectation very much.
Quote Summary - I tend to think there will be some modest switching given the price reaction we’ve had since that report was r…

Implications of Corn and Soybean Planting Progress

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Implications of Corn and Soybean Planting Progress
Darrel Good, Agricultural Economist - University of Illinois Each Monday afternoon during the growing season USDA releases the Planting Progress report. Todd Gleason files this report on how it is assessed by the trade; and how really it is summer weather that make the difference, not the pace of planting.Each spring the corn and soybean markets react…
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2:49 radio self containedEach spring the corn and soybean markets react to the pace of planting, reflecting expectations that an unusually fast or slow pace of planting may impact acreage decisions and/or yields. The rains this spring, first in the Delta, now in the Plains, and forecasts for a stormier pattern in the Midwest have triggered the annual discussion of the production implications for corn and soybean planting progress.The definition of what constitutes early or late planting varies by geographic region and has likely changed over time writes Universit…

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Darrel Good on Marketing 2016 Crops
Darrel Good, Agricultural Economist - University of IllinoisUniversity of Illinois Agricultural Economist Darrel Good discusses the 2016 growing season, including crop size and price expectations.

Irwin & Good Explore El Niño Year USA Yields

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Irwin & Good Explore El Niño Year USA Yields
Scott Irwin, Agricultural Economist - University of Illinois El Niño can have an impact on summer weather in the United States. Work at the University of Illinois points to poorer crop yields the summer following a strong El Niño that begins to fade late in the previous calendar year.

Irwin & Good Develop New Price Forecasting Mode

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Irwin & Good Develop New Price Forecasting Model
Scott Irwin, Agricultural Economist - University of IllinoisUniversity of Illinois agricultural economists have developed a new price forecasting model for corn and soybeans. Todd Gleason talks with Scott Irwin about the model and how it reflects the “new era” of commodity prices.

Nafziger on 2016 Growing Season

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Nafziger on 2016 Growing Season
Emerson Nafziger, Extension Agronomist - University of IllinoisUp next Univeristy of Illinois Extension Agronomist talks with Todd Gleason about the amount of nitrogen available to the corn plant during the growing season, how that fertilizer faired over the warm wet winter months, when to plant corn, and if it is ok to plant soybeans earlier than normal.