What is today’s news? | Friday, February 18, 2022
Catch up on the most recent agriculture news before checking out for the long weekend. Here’s a roundup of the latest headlines.
Weather and climate
Snowfall is ahead for the Great Plains and Midwest, but Thursday’s drought monitor reported expanding drought in parts of Iowa and Illinois. For Nebraska and South Dakota, recent dryness with a lack of snow cover and above-normal temperatures resulted in an increase of abnormal dryness and moderate drought.
Out west in California, some of the state’s agricultural regions are bracing for water cuts. The Water Resources Control Board warned intensifying drought means people should prepare for the “worst-case scenario.”
February is usually California’s wettest month, but “we just had the driest January and February in California’s recorded history,” said Erik Ekdah, the deputy director of the board’s Division of Water Rights. Chuck Abbott covers what this could mean for rural communities in his latest story on Agriculture.com.
New-crop corn prices have been in a steady uptrend for months, closing in on $6.00 while old-crop futures are trading near $6.50.
In this week’s market analysis Bryan Doherty recommends choosing a fence marketing strategy if you believe the market is topping. A fence is where you purchase a put and sell a call option, he explains.
Equipment companies of all colors displayed their latest innovations at the National Farm Machinery Show in Louisville, Kentucky, this week. Kubota highlighted its newest compact tractor models specifically targeted to first-time buyers at their booth. The L3302 and L3902, offering 33 hp. and 37.5 hp. respectively, will be available at dealerships later this spring. New products editor Alex Gray has all the details.
Digital content editor Madelyn Ostendorf made her first official work trip since joining the Successful Farming team to the 2022 Cattle Industry Convention & NCBA Trade Show in Huston, Texas, earlier this month. The experience brought back fond childhood memories of bottle feeding calves and certainly left her with a few new ones, too. She returned to Iowa with plenty of fodder for future articles, so stay tuned!
- READ MORE: A lifetime of learning