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Thursday, October 27, 2016

Illinois Water Conference | Reducing Nutrient Losses

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Illinois Water Conference | Reducing Nutrient Losses
Laura Christianson, Crop Sciences - University of Illinois
Ruth Book, State Conservation Engineer - USDA NRCS
Jason Solberg, Illinois Fertilizer & Chemical Association
Debbie Fluegel, Trees Forever

Participants in the University of Illinois 2016 Water Quality Conference Reducing Nutrient Losses panel discuss ways in which farmers and landowners can manage water quality.

Fall Weed Control Vital - an interview with Aaron Hager

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Fall Weed Control Vital - an interview with Aaron Hager
Aaron Hager, Extension Weed Scientist - University of Illinois

Now is the time to control winter annuals in farm fields. Todd Gleason has more on the options.

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Using Health Insurance to Protect Your Financial Well Being

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Using Health Insurance to Protect Your Financial Well Being
Kathy Sweedler, Consumer Economics Educator - University of Illinois Extension

Health insurance is one good way to protect yourself against a financial catastrophe. Todd Gleason has more from the University of Illinois.

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Signing Up for the Affordable Care Act

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Signing Up for the Affordable Care Act
Kathy Sweedler, Consumer Economics Educator - University of Illinois Extension

The health insurance sign up period for the Affordable Care Act starts November 1st. Todd Gleason discusses the program, commonly called Obamacare, and its sign up period with University of Extension Consumer Economics Educator Kathy Sweedler.

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Tuesday, October 18, 2016

Big Crop Strong Exports an interview with Todd Hubbs

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Big Crop Strong Exports an interview with Todd Hubbs
Todd Hubbs, Agricultural Economist - University of Illinois
FarmDocDaily Source

It is likely the export markets along with South American production prospects will drive only periodic price increases for corn and soybeans says University of Illinois Agricultural Economist Todd Hubbs in this interview with Todd Gleason.

Friday, October 14, 2016

Sell Soybeans for Cash Needs

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Sell Soybeans for Cash Needs
Darrel Good, Agricultural Econ

The United States Department of Agriculture has reported the size of this year’s soybean crop and for the second month in a row it has increased the size of what was already a record breaker. Todd Gleason reports that trend is likely to continue.

USDA in its October Crop Production report…
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USDA, in its October Crop Production report, raised the average national soybean yield by eight-tenths of a bushel. It now stands at 51.4 bushels to the acre and about 4.3 billion bushels strong. It is already a serious record breaker, but not likely big enough, yet, says University of Illinois Agricultural Economist Darrel Good.

Good :25 …what we are looking at right now.

Quote Summary - Well, I think, taking all the evidence together, saying now that we got bigger in September, and we got bigger in October on soybeans, and the crop is already very big…I think would point to another small increase in the yield forecast in November and perhaps in January as well. So, maybe not by a lot, but I certainly wouldn’t expect the number to come down from what we are looking at right now.

However, even in the face of a record crop, the price of soybeans has remained fairly strong. This tells Darrel Good farmers should be a little patient as they contemplate when to sell. It might be worth waiting to see how the South American crop unfolds. Although, the U of I number cruncher does have a few caveats.

Good :25 …still a little more holding on corn.

Quote Summary - If I had to choose to sell one or the other, I would still be a seller of soybeans. This is because of the returns that the current price is offering to those that have above average yields this year. It is still a fairly large gross income. So, I think from a risk management stand point, it would lean you towards selling soybeans and still a little more holding on corn.

For reference USDA has established, this month, the expected mid-point national cash price received for soybeans by farmers from now until next fall at $9.05, with corn at $3.25 and wheat at $3.70.

You may read Darrel Good’s thoughts on the markets each Monday afternoon on the FarmDocDaily website.

Part II - Kids Use of Technology

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Part II - Kids Use of Technology
Source
Aaron Ebata, Professor of Social Development & Extension Specialist - University of Illinois

Part I - Just in Time Parenting

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Part I - Just in Time Parenting
Source
Aaron Ebata, Professor of Social Development & Extension Specialist - University of Illinois

Monday, October 10, 2016

Corn Use for Ethanol Production

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Corn Use for Ethanol Production
Darrel Good, Agricultural Economist - University of Illinois

This Wednesday USDA will update its corn crop estimates including the size of this year’s harvest and how it will be used. Todd Gleason has more…

Darrel Good, from the University of Illinois, thinks the crop…
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Darrel Good, from the University of Illinois, thinks the crop will be slightly smaller than last month’s forecast. The question is really how much of this crop will be consumed between now and next fall. Last month the Ag Department projected increased usage in several key areas including a 13.6 percent year-over-year increase for exports, an 8.7 percent uptick in feed and residual use, and even, notes Darrel Good, a 1.3 percent increase in corn used to make ethanol.

Good :49 …110 million bushels to feedstock requirements.

Quote Summary - The use of corn for ethanol production during the current marketing year will be influenced by a number of factors. These include the magnitude of domestic gasoline consumption; the rate of increase in the domestic consumption of higher ethanol blends; the magnitude of fuel ethanol trade; the change in the level of ethanol stocks; the use of other feed stocks, particularly sorghum, to produce ethanol; and the ethanol yield per unit of feedstock. Domestic gasoline consumption will be influenced by the price of crude oil and gasoline prices. If those prices remain near current levels, gasoline consumption would be expected to continue to increase, perhaps as much as two percent. The retail price of higher ethanol blends, particularly E85, appears to have become much more competitive with E10 in recent months. If prices remain competitive, some modest increase in consumption of those higher blends would be expected, but will not likely add substantially to total domestic ethanol consumption this year. Another small increase in ethanol production efficiency would moderate any increase in feed stock consumption this year. An increase of 300 million gallons in domestic ethanol consumption would add about 110 million bushels to feedstock requirements.

That’s not a 110 increase in corn usage, but a good portion might come from there. With a smaller sorghum crop in 2016 and higher sorghum prices relative to corn prices, use of sorghum for ethanol production might continue the decline seen in August. A decline of 25 to 50 million bushels for the year seems likely. Taken together, Darrel Good says, these factors point to use of about 5.345 billion bushels of corn for ethanol production during the current marketing year, 70 million larger than the current USDA projection.

Friday, October 7, 2016

Harrington Seed Destructor Testing

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Harrington Seed Destructor Testing
Adam Davis, USDA Agricultural Research Service - University of Illinois

The Harrington Seed Destructor is being tested by the University of Illinois for field level efficacy to control herbicide resistant weeds.

Green Infrastructure & Neighborhoods an interview with Bill Sullivan

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Green Infrastructure & Neighborhoods an interview with Bill Sullivan
Bill Sullivan, Landscape Architect - University of Illinois

There is good evidence that suggests small amounts of nature mixed into neighborhoods can make them friendlier places to live.

Green Infrastructure & Stress an interview with Bill Sullivan

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Green Infrastructure & Stress an interview with Bill Sullivan
Bill Sullivan, Landscape Architect - University of Illinois

If you are looking for an easy way to release some of the stress in your life, you might think about taking a walk in a park or just buying some house plants.