On Thursday, the Federal Reserve Banks of Chicago, St. Louis and Kansas City released updates regarding farm income, farmland values and agricultural credit conditions from the second quarter of 2018. ...
The USDA corn and soybean production forecasts will be updated on September 12. Uncertainty remains for U.S. average corn and soybean yield forecasts. For soybeans, in particular, August weather will be a deciding factor. Prices will reflect crop production potential and trade issues as we move into the harvest period.
ProAg's Old Farmer is back with another #ThoughtfulThursday quote. "The happiest people don’t have the best of everything, they just make the best of everything."
Personally, we think our Old Farmer nailed it this week...
With U.S. corn in dough stage and soybeans setting pods, USDA will reveal the findings of its first farm surveys of 2018 and post new yield estimates for row crops. Traders will also be interested in changes in the world wheat crop estimates after dry weather concerns increased over the past month.
USDA will release its August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CDT Friday, Aug. 10.
It's here! Dairy Revenue Protection (Dairy-RP) has been announced as a new insurance plan for dairy producers that insures against unexpected declines in quarterly milk sales. Sign-up for the new product begins Tuesday, October 9, 2018, with the first available coverage starting the first quarter of 2019.
Stay tuned to ProAg.com or contact your local, trusted ProAg agent for more information as it becomes available.
Corn and soybean progress continued at a faster-than-normal pace last week, while good-to-excellent condition ratings for both crops declined slightly, according to the USDA National Ag Statistics Service’s weekly Crop Progress report released Monday.
Another verdict against a North Carolina hog farm came the same day outraged farmers – and a representative of the National Pork Producers Council – gathered for a discussion of the suits’ threat to the state’s pork industry. So far, the “madness” has resulted in three verdicts of nearly $100 million against family hog farmers who’ve operated in eastern North Carolina for decades.