The view from the Classic
Get ready for more volatility, marketing adviser Scott Stewart of Stewart-Peterson told hundreds of farmers packed into a 7:00 a.m. meeting at the Commodity Classic in Nashville, Thursday. "The kind of volatility we've seen in recent weeks and months is just a taste of what's coming," he said.
Agriculture Secretary Ed Schafer told farmers at the Commodity Classic in Nashville Friday that a new farm bill is important to their industry and that the Bush administration wants a new law if it doesn't include tax increases and if it has real reform.
FROM THE TRADE SHOW FLOOR
The 2008 Commodity Classic in Nashville this week saw record attendance of 4,315 and good spirits among U.S. corn, soybean and wheat growers. The trade show, held Thursday through Saturday, February 28 through March 1, was a sellout, with farmers packing the aisles to view some of the latest in crop products and services.
NEW PRODUCTS NEWS
The buoyant farm economy has peaked interest in guidance systems and field data-gathering software. Many of the product announcements involved refinements that boost the speed and capacity of data. Check out some of the latest new precision tools introduced at the 2008 Commodity Classic in Nashville.
For farmers who have delivery contracts with ethanol plants, John Deere Risk Protection, Inc. is offering a rider this year that will add value to its customers who have either Crop Revenue Coverage or Revenue Assurance with the Harvest Price Option.
Since transgenic seeds became available in the 1990s, glyphosate and seed prices headed in opposite directions. As trait-stacked seed prices racheted upward, glyphosate prices declined. No more. Generic glyphosate prices recently increased $12 per gallon, and brand name Roundup by Monsanto in February increased in price by 30%. In some areas, farmers report they pay double for glyphosate what they did a year ago. So what gives?