The same market factors which will influence swine numbers should result in an increase in the cattle herd though it will take longer for this to have an impact on corn prices. A link to Chris's article is below.
Showing posts with label Marketing. Show all posts
Showing posts with label Marketing. Show all posts
Thursday, November 21, 2013
Hogs and Corn Price Recovery
Chris Hurt has published an article in the University of Illinois' Farm Doc Daily discussing the prospects for future hog expansion in response to the reduced corn prices which I found very interesting. There are some negatives which may impact the industry's ability to increase the breeding herd, particularly whether porcine epidemic diarrhea virus (PEDv) becomes widespread. In virgin herds this disease has been devastating to young pigs and could result in a delay in national swine herd growth. However the article is positive for long-term corn price recovery.
The same market factors which will influence swine numbers should result in an increase in the cattle herd though it will take longer for this to have an impact on corn prices. A link to Chris's article is below.
Hogs Provide Near $7 per Bushel Corn Value
The same market factors which will influence swine numbers should result in an increase in the cattle herd though it will take longer for this to have an impact on corn prices. A link to Chris's article is below.
Monday, September 9, 2013
Ag Outlook Webinar
Purdue Extension Economist Corinne Alexander will be presenting an Ag Outlook Webinar on Friday, September 13 at 8:30 a.m. I won't be able to host a session here as I'll be at the Land Lease Program in Logansport that morning but anyone with a good internet connection should be able to view it.
The link to view it is: Ag Outlook Webinar. You may find additional information on the program at this link.
I will likely have an Ag Outlook program here later this fall as we've done for the past few years but I haven't scheduled it yet.
The link to view it is: Ag Outlook Webinar. You may find additional information on the program at this link.
I will likely have an Ag Outlook program here later this fall as we've done for the past few years but I haven't scheduled it yet.
Saturday, February 16, 2013
March 1 Ag Outlook Breakfast and Meeting
The Clinton County Extension Service will be hosting an Ag Outlook Breakfast on Friday, March 1 at 7:30 a.m. at the Clinton County Extension Office, 1701 South Jackson Street, in Frankfort. Purdue Ag Economist Chris Hurt will be presenting his Outlook for 2013 including crop and livestock prices, the overall US Economy and farm business management strategies.
A breakfast, sponsored by The Farmers Bank and Regions Bank, will be provided. Please contact the Clinton County Extension Office at 765-659-6380 or 765-296-3511 or e-mail me at cemanuel@purdue.edu by February 26 if you plan to attend. There is no cost for this program.
A breakfast, sponsored by The Farmers Bank and Regions Bank, will be provided. Please contact the Clinton County Extension Office at 765-659-6380 or 765-296-3511 or e-mail me at cemanuel@purdue.edu by February 26 if you plan to attend. There is no cost for this program.
Thursday, January 3, 2013
Ag Outlook Breakfast & Pesticide Applicator Training
This will be along the lines of a "save the date" post however I want to mention that we've scheduled the Ag Outlook Breakfast for Friday, March 1, 7:30 a.m. at the Clinton County Fairgrounds 4-H Building in Frankfort. Purdue Ag Economist Chris Hurt will be on hand to provide his Outlook for 2013. The program is free and designed to help farmers, land owners, input suppliers, and those interested in agriculture make better business decisions in the coming year.
The breakfast and program are sponsored by The Farmers Bank and Regions Bank. Now there's a lot of time between now and the program but because we are serving a meal and need to know attendance numbers, pre-registration for the program is required. Please either call the office at 765-659-6380 or 765-296-3511 or e-mail me at cemanuel@purdue.edu if you are planning to attend. The registration deadline is 4:00 p.m. on Tuesday, February 26. And don't worry, I'll have additional information as we get closer.
Later that same morning, from 10 a.m. to 12:30 p.m. we'll have a Private Applicator Recertification Program(PARP), also at the Fairgrounds. Christian Krupke from Purdue Entomology will present an Insect Control Update and Bill Johnson from Purdue Botany and Plant Pathology will provide a Weed Control Update. The regulatory topic will be on Indiana’s New Fertilizer Rule. The cost for this program will be $10. All Clinton County Private Applicators will be mailed additional information as we get closer. I also intend to request CCH's for commercial applicators.
The breakfast and program are sponsored by The Farmers Bank and Regions Bank. Now there's a lot of time between now and the program but because we are serving a meal and need to know attendance numbers, pre-registration for the program is required. Please either call the office at 765-659-6380 or 765-296-3511 or e-mail me at cemanuel@purdue.edu if you are planning to attend. The registration deadline is 4:00 p.m. on Tuesday, February 26. And don't worry, I'll have additional information as we get closer.
Later that same morning, from 10 a.m. to 12:30 p.m. we'll have a Private Applicator Recertification Program(PARP), also at the Fairgrounds. Christian Krupke from Purdue Entomology will present an Insect Control Update and Bill Johnson from Purdue Botany and Plant Pathology will provide a Weed Control Update. The regulatory topic will be on Indiana’s New Fertilizer Rule. The cost for this program will be $10. All Clinton County Private Applicators will be mailed additional information as we get closer. I also intend to request CCH's for commercial applicators.
Tuesday, July 3, 2012
Ag Drought Program July 13
I've set up an Ag Drought program for Friday, July 13 from 2-4 p.m. This program will be held at the Clinton County Fair in the entertainment tent at the fairgrounds. The entertainment tent is located between Clinton Hall and the 4-H Building.
The program is titled, "Making Decisions in a Difficult Crop Year." The focus is not on what's going on in your fields (most farmers have a pretty good handle on that) but how to make decisions going forward in what's looking to be a short crop. I don't have precise titles for each of the speakers (quotes means I do), however here's the planned schedule.
The program could last a bit longer if necessary though the chairs we'll be sitting in will be used at the 4-H Auction which begins at 6 that evening so we can't stay there forever.
The fair doesn't begin charging for parking until 3 p.m. so there should be no problem with anyone getting onto the grounds. The carnival doesn't usually start until around 5 so we shouldn't have a lot of casual fairgoers trying to see what's going on. It will likely be warm in the tent but we'll have some fans. I'm at a conference the week after the fair so I didn't want to hold off any longer to have a program.
If you have any questions your best bet is to e-mail me for additional information. With the fair coming up it's doubtful anyone will be here to answer the phone much of the time. Don't expect quick answers by e-mail but I will be checking it as I have time.
I also want to share the Purdue Drought Page with everyone. This has links to information about field crops, livestock and horticulture issues.
Purdue Drought Page
The program is titled, "Making Decisions in a Difficult Crop Year." The focus is not on what's going on in your fields (most farmers have a pretty good handle on that) but how to make decisions going forward in what's looking to be a short crop. I don't have precise titles for each of the speakers (quotes means I do), however here's the planned schedule.
- 2:00-2:45 p.m. - Purdue Ag Economist Chris Hurt will discuss marketing and economics
- 2:45-3:00 p.m. - Brittany Shepherd, Clinton County FSA Director, "Drought Assistance Through USDA”
- 3:00-3:15 p.m. - Gary Gray from Crop Insurance Specialists discussing Crop Insurance
- 3:15-3:30 p.m. - Rod Miller, CCA from Crop Fertility Specialists, “Crop Input Decisions in Historical Hot and Dry Conditions”
- 3:30-3:45 p.m. - Curt Emanuel, Final Thoughts - I intend to talk to some Purdue Specialists a day or two ahead and I'll share anything they think is important
- 3:45-4:00 p.m. - Questions
The program could last a bit longer if necessary though the chairs we'll be sitting in will be used at the 4-H Auction which begins at 6 that evening so we can't stay there forever.
The fair doesn't begin charging for parking until 3 p.m. so there should be no problem with anyone getting onto the grounds. The carnival doesn't usually start until around 5 so we shouldn't have a lot of casual fairgoers trying to see what's going on. It will likely be warm in the tent but we'll have some fans. I'm at a conference the week after the fair so I didn't want to hold off any longer to have a program.
If you have any questions your best bet is to e-mail me for additional information. With the fair coming up it's doubtful anyone will be here to answer the phone much of the time. Don't expect quick answers by e-mail but I will be checking it as I have time.
I also want to share the Purdue Drought Page with everyone. This has links to information about field crops, livestock and horticulture issues.
Purdue Drought Page
Thursday, June 28, 2012
Chris Hurt Drought and Contracts Article
When I talked to Chris Hurt yesterday he told me he'd be coming out with an article on contract strategies during a short crop year. I had no idea it would be this fast or I might have held off on the post I put up yesterday. The link to his article is below.
Chris Hurt Drought & Contracts Article
Chris Hurt Drought & Contracts Article
Wednesday, June 27, 2012
Drought, Weather and Contracts
A couple of issues have started being talked about related to the drought which I want to mention. First is crop prices, particularly corn. While prices have rallied a bit over the past few days, the problem is that in this week's crop progress report, Iowa's corn crop is still rated 68% good to excellent, Minnesota's is 83% good to excellent and Nebraska's is 60% good to excellent. While Indiana and Illinois are reporting much worse conditions, you can see that across a good chunk of the corn belt things still look pretty good. I was going to wait until after Friday's grain stocks report to say anything because that could have a substantial impact but based purely on the crop conditions report a radical price increase in corn looks unlikely in the short term.
And those three states I mentioned have been getting rain. Below is a screenshot of today's (June 27, 2012) 7-day precipitation analysis from the National Weather service. You can see where the greens and yellows are.
Another issue that is starting to be talked about is filling contracts if there's a radical yield reduction, which is looking more likely every day. I am not a marketing guru so I'll refer you to this 2010 publication from the University of Maryland. An article on grain contracts starts on page 11.
Link to 2010 University of Maryland Drought Handbook for Grain/Crop Producers
I don't have a lot to add to this publication. Chris Hurt from Purdue is working on developing some articles on this and other drought-related issues and I'll get that information out once it's available. There are two things I want to emphasize from this publication. First is that the most important thing is to talk your buyer about what options are available. Second, the stronger your position, the less expensive it will probably be for you to make changes or buy out of your contract. The article illustrates this fairly well with the tables on pages 12 and 13. While it may be a bit early to start changing contracts, I don't think it's too early to start thinking about your options if this becomes necessary.
And those three states I mentioned have been getting rain. Below is a screenshot of today's (June 27, 2012) 7-day precipitation analysis from the National Weather service. You can see where the greens and yellows are.
Another issue that is starting to be talked about is filling contracts if there's a radical yield reduction, which is looking more likely every day. I am not a marketing guru so I'll refer you to this 2010 publication from the University of Maryland. An article on grain contracts starts on page 11.
Link to 2010 University of Maryland Drought Handbook for Grain/Crop Producers
I don't have a lot to add to this publication. Chris Hurt from Purdue is working on developing some articles on this and other drought-related issues and I'll get that information out once it's available. There are two things I want to emphasize from this publication. First is that the most important thing is to talk your buyer about what options are available. Second, the stronger your position, the less expensive it will probably be for you to make changes or buy out of your contract. The article illustrates this fairly well with the tables on pages 12 and 13. While it may be a bit early to start changing contracts, I don't think it's too early to start thinking about your options if this becomes necessary.
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