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Midwest news and notes Tuesday, August 25, 2009
Land rental survey goes on-line
The University of Minnesota Extension Service will conduct an on-line statewide land rental survey Aug. 31-Sept. 18.
The Web site is www.extension.umn.edu/AgBusinessManagement.
The goal is to collect data and establish numbers that are useful to both landowners and operators. The seven-question survey, developed by Extension educators, is an attempt to resolve discrepancies.
The questionnaire won't request personal information; only county and township rental rates will be published.
Farmers who need help entering data on their personal computers can contact Kathy Eckwright at (507) 389-6972 or Gary Hachfeld at (507) 389-6722.
Higher yield projections not surprising
Larger yield and production forecasts shouldn't surprise corn and soybean markets in the weeks ahead and, if projections increase, expect price weakness into harvest.
The USDA's corn yield forecast is based on a combination of producer surveys and objective data collected in 10 states, says Darrel Good, University of Illinois economist.
There is mixed evidence involving corn-yield potential.
"Some severe hail damage in key Iowa growing areas and some very dry weather in other corn-growing areas during the first half of August may have reduced yield potential,'' Good said. "In addition, the USDA's weekly report of crop conditions in the 18 largest corn-growing states showed some modest deterioration in overall crop condition ratings.''
Fusarium head blight not severe
Fusarium head blight hasn't been a serious problem in most upper Midwest wheat and barley fields in 2009, say university small grains specialists. The disease can produce serious yield losses and grain quality issues due to mycotoxin.
Crookston-based University of Minnesota plant pathologist Charla Hollingsworth, says FHB symptoms have been "scatttered and widespread in the Red River Valley, but severity is usually low. The only exception to that is where a susceptible variety was grown and an early-flower application of fungicide wasn't made.
A late spring followed by a cool summer in the Red River Valley translated into an extended FHB susceptibility period.
Institute sees higher dairy, hog prices
Uncertainty in the general economy continues to drive the agricultural market outlook in a mid-year baseline from the University of Missouri Food and Agricultural Policy Research Institute.
"For most U.S. crops, market prices have declined from last year's peaks but remain well above pre-2007 levels,'' said Pat Westhoff, senior economist and director of FAPRI.
On the livestock side, the baseline shows recovery in 2010 for meat and dairy prices, but it depends on the general economic recovery and continued reduction in supplies. In the updated baseline, prices for barrows and gilts average $57.59 per hundredweight in 2011, up from $42.82 projected this year.
In dairy, the-all milk price average goes from $12.47 per hundredweight in 2009 to $16.37 by 2011. |
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