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Monday, December 28, 2015

The Good and Bad of 2016 Grain Prices - Crops - News | Agweb.com

The Good and Bad of 2016 Grain Prices - Crops - News | Agweb.com: With the highest world corn and soybean stocks in more than a decade, many farmers remain skeptical a rebound in prices for 2016 is likely. A strong dollar also creates problems for farmers hoping to move grain this winter. That’s because it lowers foreign countries’ buying power and makes foreign grain more competitively priced, according to Purdue ag economist Chris Hurt.

“China’s currency has lost 4% of its buying power in the U.S. over the past year,” he notes in the December 2015 Purdue Agricultural Economics Report. “More dramatically, Japan’s buying power has dropped 12% and the Korean currency has dropped 15% in the past year.”

2016: Net incomes to fall after ‘golden age of ag’ - AgriNews

2016: Net incomes to fall after ‘golden age of ag’ - AgriNews: History has shown the peaks and valleys of farm income and projections through 2016 are comparable to those valleys farmers faced from 1998 through 2002 with low commodity prices.

As with previous periods of low income, cost control and working capital management will be key to financial stability, said Gary Schnitkey, University of Illinois agricultural economist and farm management specialist, at the Farm Economics Summit.

Using average corn price projections of $3.65 per bushel in 2015 and $3.85 in 2016 and soybean prices of $8.90 each year, combined with lower corn yields and stable soybean yields, Schnitkey projects 2015 net income in the $20,000 to $30,000 range in 2015 and 2016.

The net income in 2014 for farms enrolled in Illinois Farm Business Farm Management was $104,000.

Land is in demand | The Scottish Farmer

Land is in demand | The Scottish Farmer: As 2015 drew to a close, the country's top land agents have delivered their verdict on the year and the doom and gloom that has dominated discussions of everything from land reform to the weather doesn't seem to have hurt the land market's bottom line.

Mid-Valley InBusiness Outlook: 2016 could be good for ag

Mid-Valley InBusiness Outlook: 2016 could be good for ag: The good: Drought took its toll on mid-valley farmers in 2015, knocking grass seed yields down by as much as 25 to 50 percent depending on field location and soil type.

With a record December rainfall, the good news is that perhaps drought will not again be a factor.

In step with rapidly declining international oil prices, mid-valley farmers should enjoy lower input prices for necessities such as fertilizer.

Producers continue to diversify with grass seed acres being converted to filbert orchards due to an expected international marketing opportunity.

The bad: Producers are looking at lower commodity prices and livestock prices have dropped significantly as the number of cows available nationwide has rebounded much faster than anticipated.

Banana, casuarina farms too wiped out - The Hindu

Banana, casuarina farms too wiped out - The Hindu: While paddy as the principal crop has been the focus in the aftermath of the floods that ravaged the northern districts, farmers who had taken to horticulture also report heavy losses.

Across Cuddalore and Kancheepuram, fields of banana, papaya and watermelon have been inundated following rains earlier this month.

In Melakandai in Kancheepuram, agricultural labourers said they haven’t had any work in three weeks since the rains battered and destroyed the banana plantations. In the farm of V. Veeraraghavan, not a single red plantain tree survived the rains.

Unpredictable Precipitation Will Complicate Idaho's Irrigated Agriculture

Unpredictable Precipitation Will Complicate Idaho's Irrigated Agriculture: Southern Idaho’s irrigated agriculture is already feeling the rise in global temperatures.

“We’ve already been affected,” said Shirrel Silvester, a longtime farmer south of Twin Falls whose profitability has been hurt by weather extremes and instability.

“What you see outside your backyard is not the climate,” said Hans Peter Marshall, a geoscientist at Boise State University. Climate refers to weather patterns on a large scale, over large regions and for long periods. Climate change, however, will affect local weather.

Wet year had impact on crops and agriculture - Enidnews.com: Local News

Wet year had impact on crops and agriculture - Enidnews.com: Local News: This year was a wet one for Oklahoma farmers and cattle ranchers.
The Oklahoma Climatological Survey ranked 2015 in Oklahoma’s panhandle as the second wettest on record, with more than 31 inches of rain over the last 365 days. North-central Oklahoma is the 16th wettest with 45.8 inches.

El Nino Batters Pacific Rim Agriculture From Australia To Vietnam, As Economists Debate Price Fallout

El Nino Batters Pacific Rim Agriculture From Australia To Vietnam, As Economists Debate Price Fallout: While the climate phenomenon called El Ni�o�has brought near-ideal growing conditions for many farmers throughout North America and South America in 2015, it has wreaked havoc on the agriculture of other countries around the Pacific Rim. From dry cattle pastures in Australia to struggling coffee farms in Vietnam, El Ni�o�has struck several nations in the Asia-Pacific region hard this year, the Wall Street Journal reported.

The Top Agriculture Stories of 2015

The Top Agriculture Stories of 2015: Many of the world’s greatest challenges – climate change, poverty, natural resource depletion, and hunger – intersect on the fields of the world’s farmers.� These global challenges provide the backdrop to our top agriculture stories of 2015.

NRDC gives California failing grade for drought management | Farm Press Blog

NRDC gives California failing grade for drought management | Farm Press Blog: It’s not every day that farmers and the Natural Resource Defense Council agree, but when they do it’s stuff like this that makes the irony oh, so sweet.

In its latest newsletter Families Protecting the Valley points out this jewel of a nugget.

While the State of California gets poor grades for its handling of the drought and water resources, it was State Water Board Chairwoman Felicia Marcus who responded like a teenager when asked why the grades on her report card were less than stellar.

International mills need high strength, long fiber cotton | Cotton content from Southwest Farm Press

International mills need high strength, long fiber cotton | Cotton content from Southwest Farm Press: Seventy cents per pound for 2016 cotton is possible, says cotton buyer Robert Luehrs, who also says high quality bales will be the key.

“We all know yield and quality go hand in hand in contributing to grower’s revenue stream,” says the Texas purchasing manager for Allenberg Cotton Co. at Corpus Christi, Texas, who spoke at the recent Texas Plant Protection Association annual conference at Bryan, Texas.

NPE growers comment on 2015 cotton production | Cotton content from Southwest Farm Press

NPE growers comment on 2015 cotton production | Cotton content from Southwest Farm Press: From �West Texas to eastern Virginia, cotton farmers report 2015 production as “awful” to “decent,” depending on weather, particularly rain — lack of it, abundance of it, and when it fell.

A few of the some 140 growers attending Deltapine’s annual New Product Evaluator (NPE) Summit in San Antonio opened up about what was an unusual year for cotton production. NPE growers test Deltapine varieties on large-acre plots, and their input helps the company decide which lines to commercialize.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mixed in a quiet session. Outside markets are having a bit of risk off attitude with crude oil down sharply and indices under pressure.

The short trading week ahead will allow for choppy action in corn and soybeans. The weather in South America will be the focus as rain in the Northern Brazil soybean production area is critical. The models are not matching up in their outlook for rains this week, the Euro is much wetter than the GFS but both models are calling for heavy rains across the northern half of Brazil in the 6-10 and 11-15 day portion forecast maps.