In 2013, livestock producers could see a boost in their fortunes, tilting the pendulum of profitability upward relative to the crop sector, according to a new report from the Federal Reserve Bank of Kansas City.
Soaring crop income has created an "income disparity" between the two sectors, said Nathan Kauffman, KC bank economist.
"Futures markets point to lower crop prices by the end of 2013," Kauffman said. Corn and soybean prices could decline 10% to 15% by autumn, he wrote.
A new agricultural product buyer’s guide was launched Friday by Successful Farming magazine’s website, Agriculture.com.
The Agriculture.com Buyer’s Guide is a decision engine that enables farmers to quickly compare complex information on a variety of key products, including row crop and utility tractors, ATVs and UTVs, pickup trucks, and tires.
The crop insurance industry continues to press its case to the public and policymakers with new information products.
In October, the National Crop Insurance Services (NCIS), a group that represents private crop insurance companies, launched an "activism website" to provide a basis for individuals and organizations to show their support for crop insurance.
California’s Proposition 37, which would have required labeling of genetically modified foods, was defeated in Tuesday’s election by a margin of 53 to 47 percent. Passage of the ballot measure would have made California the first state to require labeling of genetically modified foods.
Activist organizations, agribusinesses, and farmers were active in intensive lobbying for and against the measure.
Researchers offer reminders on how best to conserve a precious resource.
An unusually clear picture of U.S. corn and soybean production should emerge in Thursday’s USDA Crop Production and World Agricultural Supply and Demand Estimate Reports, commodity analysts said on Wednesday afternoon.
That’s because the early maturity of the crops has offered USDA a way to better gauge harvested acres, ear weights of corn, and other factors, they said.
The harvested acres category for corn will be a major focus in the production report. Analysts believe USDA will have more latitude in adjusting that number, as they have in previous drought years.
You should see a bumper crop of new products in the months ahead.
Planting cover crops in a drought year can harvest large amounts of residual N and help jump start next year’s crops, according to experts appearing on a webinar Monday. The session, “Dealing with Drought: Securing Nitrogen with Cover Crops,” was hosted by the CropLife Media Group.
“In our experience cover crops offer a great opportunity in a drought year,” said John Meisinger, a USDA soil scientist. Meisinger cited long-term studies in which cover crops significantly reduced N loss and improved soil organic matter.