What is today's news? | Friday, February 11, 2022
It’s Friday! Before you start partying for the Super Bowl or Valentines shopping for your sweetheart, catch up on the latest agriculture news.
Poultry and Livestock
After highly pathogenic bird flu was reported on a commercial turkey farm in Indiana on Wednesday, farmers around the country have tightened biosecurity measures. Industry experts warn that wild birds are likely spreading the deadly disease across the U.S.
In 2015, a bird-flu outbreak killed millions of turkeys and chickens.
“Everyone is just sitting on edge because we know what can happen and we don't want a repeat of that,” said Denise Heard, vice president of research for the U.S. Poultry & Egg Association.
In the pork industry, Dykhuis Farms is using Farmera to monitor important data points like inventory, feed, medication, and mortality. More information allows the farms spread across Indiana and Michigan to make decisions that can keep their herds healthy.
“Farmera provides transparency, which illuminates issues quicker,” Joe Dykhuis says.
Land and Commodity Markets
The value of agricultural land in the Corn Belt jumped 22% according to a February Federal Reserve Bank report. The jump in value from January 2021 to January 2022 is the largest gain since 2013, says senior business economist David Oppedahl.
“I’ve been in this business for 41 years and this is as strong as I’ve ever seen it,” ‘The Dirt Dealer’ Jeffrey Obrecht agrees. “Normally we sell 35 farms per year. In 2021, we sold 76.”
Successful Farming editor Bill Spiegel covers the outlook for the rest of 2022.
Market analyst Bryan Doherty explains the fundamental and technical signs of a price peak in this week’s column.
“In a down-trending market, a chart reversal in conjunction with smaller projected carryout is the signal to buy. Common sense should also come into play. If prices are high and signals occur, then act. When prices are low, buy,” he says.