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 purpose of this farmdoc daily post is to evaluate the market’s current implied price distribution for fall-time corn and soybean prices, and assess the implication for possible levels of crop revenue....
What happens when the President & CEO casually shows up during the 2019 Fall Agent Training? The ‘Welcome and Thank You’ section becomes an interactive Q&A. Thank you Kendall! #PAFall19
We have a great group of agents showing up across the country as we look forward to 2019 business. #LetUsProtectYou
The United States Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) announced a “presolicitation for bids” that it will purchase $50 million of pasteurized fluid milk and will distribute it through food assistance programs and food banks.
The purchase is not part of the funding to compensate farmers from retaliatory tariffs on dairy products put in place by Mexico and China. “These purchases are part of the normal operations of administering Section 32 [of the Act of August 24, 1935] and are not related or associated with the authority or administration of possible purchases under Section 5 of the Commodity Credit Corporation related to trade mitigation,” AMS says.
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.