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Articles Tagged with ''USDA''

Corn, Soybean Maturity Continues to Lag

September 4, 2019 | Posted in Commodities

While corn in the dough stage improved from 71% a week ago to 81% as of Sept. 1, the crop continues to trail last year’s development for this date, which was 95%, as well as the 5 year average of 93%. Corn dented is even further behind, with only 41% of this year’s crop at this stage vs. 73% last year on this date and 5 year average of 63%.

Net Farm Income Projected to Increase 4.8% in 2019

September 4, 2019 | Posted in Data & Trends

Source: USDA

According to the USDA’s August 2019 Farm Income Forecast, released Aug. 30, net farm income is forecast to see a $4 billion increase or a 4.8% improvement in 2019, following increases in both 2017 and 2018. Adjusted for inflation, that amounts to $2.5 billion or 2.9%.

Slight Improvement Reported in Condition of Corn, Soybean Crops

August 27, 2019 | Posted in Commodities

The latest Crop Progress report from USDA shows a small improvement in the condition of both corn and soybean crops as of Aug. 25. But, as expected, both remain significantly behind both last year‘s and the 5 year average when it comes to pace of development.

USDA’s Revised 2017 Ag Census Farmland Values Rise ‘Modestly’ vs. Previous Census

August 22, 2019 | Posted in Data & Trends

A key component of a farmer’s ability to borrow and access to credit is the value of the land they own.

Volume of Prevented Plant Acres Could Hit Ag Equipment Sales

August 20, 2019 | Posted in Equipment & Equipment Sales

There’s little doubt that the volume of prevented plant acres will impact the sale of farm machinery for the remainder of 2019 and possibly into 2020. The effects of the poor planting weather that resulted in very late planting or prevented planting of corn and soybeans earlier this year throughout much of the Midwest is still to be determined.

Little Change in Current Corn, Soybean Crop Conditions

August 19, 2019 | Posted in Commodities

There was very little change in the overall condition of this year’s corn and soybean crop during the past week, but both continue to lag crop conditions at this point a year ago, according to USDA’s Aug. 19 Crop Progress report.

Corn and Soybean Crops Continue to Play Catch Up

August 13, 2019 | Posted in Commodities

USDA’s Aug. 11 Crop Progress report indicates that neither the 2019 corn and soybean crops are where they would be typically at this point of the year and are still feeling the weather effects that caused the late planting season this spring.

Little or No Change in Corn and Soybean Conditions; Crop Progress Remains Slow

August 6, 2019 | Posted in Commodities

The Aug. 4 Crop Progress report from USDA indicates that the percentage of corn acres silking grew by 20% in the past week, from 58% to 78% as of last Sunday, but it still remains far behind the 95% last year the 5 year average of 93% for this date.

Corn & Soybean Crop Progress Still Behind the Curve

July 30, 2019 | Posted in Commodities

USDA reports that, as of July 28, 58% of corn acres are silking. This up for 35% in the week prior, but far beyond the 90% a year earlier and the 5 year average of 83% for this date.

USDA Announces Details of Support Package for Farmers

July 26, 2019 | Posted in Commodities

The Market Facilitation Program, Food Purchase and Distribution Program and Agricultural Trade Promotion Program will assist agricultural producers while President Trump works to address market access barriers.

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