Showing posts from August, 2017

2010 Corn Yields and this Season

Todd Hubbs, Agricultural Economist - University of Illinois
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Yield is the final factor now in play for this year’s corn crop. Todd Gleason has more on how looking back to the 2010 and 2011 growing seasons might offer some insight.

USDA settled the acreage figure in June…
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USDA settled the acreage figure in June, and while it could be updated for corn in the October Crop Production report, enough of the season has passed for most to be satisfied it won’t change much. This leaves yield as the only determining factor then for U.S. corn production. Right now that is set at 169.5 bushels to the acre nationwide. It could change thinks University of Illinois Agricultural Economist Todd Hubbs. If it does, he says, it might follow a pattern like the corn crop of 2010 or maybe 2011.

Hubbs :40 …under similar scenario with pollination issues.

Quote Summary - The last few years the USDA’s August forecast has been within a bushel of the final estimat…

Owned & Share Cropped Land Making up Cash Rent Losses

The high price of cash rent for corn ground in Illinois has been a loser over the last three seasons. It looks like that may continue for two more years. Todd Gleason has more on how owned ground, and share cropped acres have been making up the difference.

Gary Schnitkey, Agricultural Economist - University of Illinois

Assessing the Prospects for 2017 Corn Production

The August Crop Production report surprised many market observers by forecasting 2017 corn production at 14.153 billion bushels. In particular, the corn yield forecast of 169.5 bushels per acre came under scrutiny due to higher than expected yield forecasts in major producing states. The question is whether the corn production forecast will change enough to result in higher prices than those currently reflected the market.

Todd Hubbs, Agricultural Economist - University of Illinois
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CME Group Provides Scholarships for Agriculture


Agricultural companies are always on the hunt for good employees, but those with college educations can be hard to find. Todd Gleason reports from the Illinois State Fair that the world’s largest options and futures exchange is hoping to inspire a few more kids to further their education.
The CME Group, for the third year in a row…

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The CME Group, for the third year in a row at the Illinois State Fair, is providing the kids showing the Grand Champion animals $5000 scholarships for their education funds. This year says CME’s Tim Andriesen they’ve upped that ante a bit and will also provide nine $1000 scholarships. He says this is because agriculture will need a lot of really bright people to provide food for the planet.

Andriesen :18 …they are going to develop.

Quote Summary - The U.N. will tell you that there will be nine-billion people to feed in 2050. That is going to require a lot of growth in agriculture. It will r…

NAFTA Negotiations Start Wednesday


Trade negotiators from Mexico and Canada will gather in Washington, D.C. this week to update NAFTA, the North American Free Trade Agreement. Todd Gleason has more…

The Trump Administration wants to update the 1994 pact… 1:39 radio
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The Trump Administration wants to update the 1994 pact to include data transfer protections, ensure products produced in Mexico comply more closely with U.S. environmental and labor laws, and to reduce the U.S. trade deficit with the NAFTA countries. Traveling in the Midwest last week U.S. Secretary of Agriculture Sonny Perdue voiced a much shorter list.

Perdue :37 …do no harm to agriculture in those negotiations.

Quote Summary - Not all sectors have benefitted equally. We know that. Our vegetable and fruit producers in the south, whether it is in Texas or Florida have not done as well. But the grain guys up here have done very, very well. DDGs and other things are going well. We want to make sure th…

Google Makes $1.5 Million Gift to 4-H


Google, through its philanthropic arm, has made a $1.5 million gift to 4-H across the nation. The company is providing both funding support and virtual reality equipment to 4-H youth computer science programs. It made the announcement at the Illinois State Fair Friday, August 11, 2017.

Todd Hubbs Review August Crop Reports

USDA Crop Production report.

Corn production is forecast at 14.2 billion bushels, down 7 percent from last year. Based on conditions as of August 1, yields are expected to average 169.5 bushels per acre, down 5.1 bushels from 2016. If realized, this will be the third highest yield and production on record for the United States. Area harvested for grain is forecast at 83.5 million acres, unchanged from the June forecast but down 4 percent from 2016.

Soybean production is forecast at 4.38 billion bushels, up 2 percent from last year. Based on August 1 conditions, yields are expected to average 49.4 bushels per acre, down 2.7 bushels from last year. Area for harvest in the United States is forecast at a record high 88.7 million acres, unchanged from the June forecast but up 7 percent from 2016. Planted area for the Nation is estimated at a record high 89.5 million acres, also unchanged from June.

All wheat production, at 1.74 billion bushels, is down 1 percent from the Jul…

How USDA NASS Gathers Crop Production Report Data


USDA NASS will release the first corn and soybean Crop Production Report of the season Thursday August 10th, 2017. Todd Gleason talks with USDA NASS State Statistician Mark Schleusener (shloy-seh-ner) about how the information is collected and calculated.

Assessing the Pulse of the Next Farm Bill Debate with Carl Zulauf

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Thirteen agricultural economists put together short papers describing issues that will surface during the writing of the next farm bill. For each issue, the author describes the “policy setting” and details “farm bill issues” that likely will arise during negotiations. Each issue then has a “what to watch for” summary. These papers, along with an overview, are presented in an article posted to the farmdocDaily website.

How to Control Aggressive Garden Plants

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Aggressive, invasive, and garden-thug are all terms commonly used by gardeners to describe those garden perennials that tend to overtake intended areas. It all starts with good intention. Usually a garden friend who wants to share a division of a plant they have an abundance of, or a gorgeous plant at the garden center whose label fails to note its aggressive growth habit.

Extrapolating Yields from USDA's Crop Conditions

Extrapolating Yields from USDA’s Crop Conditions
Darrel Good, Agricultural Economist - University of Illinois It’s about this time of year that USDA’s Crop Condition reports can be used, in part, to develop corn and soybean yields. Todd Gleason has more on why that is the case and some projections. The agricultural economists at the University… 2:17 radio
2:26 radio self-contained The agricultural economists at the University of Illinois have been tweaking yields out of the USDA crop conditions reports for quite some time. They say the later in the season it gets the more accurate they become. Right about now is usually when the good to excellent ratings, along with all the rest, begin to zero in on what’s really happening across America says Darrel Good.Good :40 …correlation between final ratings and yields. We do know that the initial ratings for both crops are generally a bit on the high side. That is crops always look good early in the season before weather has had it…