More Farm News

RSS farmdoc daily
  • No Change in Illinois Farm Real Estate Values for 2019
    Each year the National Agricultural Statistics Service of the USDA releases estimated average farm real estate values by state.  The estimates are based on surveys of farmers from selected geographical areas.  The surveys follow strict statistical guidelines.  Estimated values maybe…
  • Perspectives on 2019 Corn and Soybean Acres: Impact of Prevent Plant
    The Farm Service Agency (FSA) of the U.S. Department of Agriculture released county acreages for crops and prevent plantings based on acreage reports filed by farmers. Even though prevent plant totaled 19 million acres in the United States, planted corn…

Agriculture News

RECESSION ALARM BELLS ARE RINGING

Recession fears rose on Wednesday after an uncommon bond market event, known as an “inversion” of the yield curve, signaled that a downturn is likely approaching. The last yield curve inversion (basically, when short-term Treasury yields exceed long-term yields) came in 2007 before the financial crisis, and the phenomenon has occurred ahead of every recession since the 1950s. The Dow Jones Industrial Average sank 800 points on Wednesday – its largest drop of the year. Corn futures prices continued to drop as the global economic worries spilled over into grain markets, extending their decline after Monday’s USDA report forecast higher

Read More »

U.S. VIEWS OF CHINA TURN SHARPLY NEGATIVE AMID TRADE TENSIONS

Results of a new Pew Research Center survey indicate Americans believe economic ties between China and the U.S. are poor. Amid these economic concerns, unfavorable opinions of China have reached a 14-year high. Today, 60 percent of Americans have an unfavorable opinion of China – the highest level since Pew Research Center began asking the question. Americans also increasingly see China as a threat. Around a quarter of Americans (24 percent) name China as the country or group that poses the greatest threat to the U.S. in the future. (Pew Research Center)  

Read More »

CREATING THE 2050 FOOD SYSTEMS FOR FUTURE GENERATIONS

USFRA short film ’30 Harvests’ made its debut Thursday across digital platforms. The docudrama illustrates challenges farmers face while embracing agriculture’s opportunity to create sustainable food systems over the next 30 harvests. It is inspired by true events in the lives of Texan farmer Jay Hill and Missourian soil scientist Meagan Kaiser. A report examining farmers’ stewardship roles and opportunity for innovation to tackle climate change in the 21st century is also available. Watch the 5-minute film here. (USFRA)

Read More »

FIRST FREEZE COULD CATCH CROPS BEFORE THEY MATURE

– September weather will be key for late planted crop development. “There’s nothing that clearly indicates at this point in time if we’re going to have a significantly earlier than normal freeze,” said Freese-Notis agriculture meteorologist Dan Hicks. “In this particular year, even a normal first hard freeze is probably going to catch some of these crops before they mature. I don’t think 32 degrees would be too much of a concern (during September), but if you get anything colder than that, it’s a great concern.” (FarmWeekNow)  

Read More »

DEMOCRATS SET TO RALLY AT ILLINOIS STATE FAIR

Democrats readied to celebrate their first Governor’s Day at the Illinois State Fair in five years on Wednesday. U.S. House Speaker Nancy Pelosi is scheduled to kick the day off as keynote speaker at the Illinois Democratic County Chairs’ Association brunch. Pelosi will try to charge up Democrats with fewer than six months before voters go to the polls in early primary states to cast ballots for the Democratic presidential nominee. Republican Day at the fair is Thursday. (Chicago Tribune)  

Read More »

NO RECORD YIELDS IN ILLINOIS THIS YEAR

USDA’s Monday report confirmed what farmers have known for months in Illinois – crop yields are on pace for a massive nosedive compared to recent record-setting harvests. USDA projects Illinois yields this season could average 181 bushels per acre for corn, down 29 bushels from last year’s record of 210, and 55 bushels for soybeans, 10 bushels off last year’s yield of 65 bushels, also a state record. Illinois farmers planted 1.1 million fewer acres of corn and soybeans combined this season. (FarmWeekNow)

Read More »