Like humans, cattle can unknowingly overeat such grasses as alfalfa and clover and may end up with a serious condition impacting their digestive system — legume bloat.
We developed a statistical model that projects the 2020 harvest price for soybeans, given a national soybean yield and average of May futures prices. This projection represents the harvest price used in crop insurance. The current U.S. yield estimate from the U.S. Department of Agriculture (USDA) is 49.8 bushels per acre.
BAYFIELD, Wis. – Shortly after the last ice age native people on Wisconsin’s Bayfield Peninsula began making a living by fishing and by gathering the abundant fruit that grows there. More recently commercial fishing and larger-scale agriculture developed in the area. There are some families still fishing commercially. And there are family farms that produce a large variety of fresh food sold through community-sponsored agriculture, farm markets, farm stores and stands.
The May 2020 income-over-feed-cost dairy margin was $5.37 per hundredweight. That triggered the third payment in 2020 for dairy producers who purchased the appropriate level of coverage in the Dairy Margin Coverage program.
Bold and transformative innovation is needed to meet future agricultural-production demands, say leaders of the U.S. Department of Agriculture. The USDA is asking farmers and others to identify transformational opportunities for the next three decades. Public input for its Agriculture Innovation Agenda is being accepted through Aug. 1.
The Acreage and Grain Stocks reports released June 30 produced some surprises for the corn market. The decrease in acreage spurred a rally in corn prices and injected some optimism into the corn outlook moving into the 2020 marketing year. The market turns to weather forecasts and the upcoming World Agricultural Supply and Demand Estimates report for price formation during the short term.
Farmer sentiment improved again in June as the Purdue University-CME Group Ag Economy Barometer increased 14 points to a reading of 117. The barometer’s increase was fueled by improvements in both the Index of Current Conditions, which increased to a reading of 99, 19 percent more than a month earlier, and the Index of Future Expectations, which increased to 126.12 percent more than in May.
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- Business briefs July 2, 2020
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