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Thursday, April 14, 2016

KC Fed: Mounting Financial Pressure in the U.S. Farm Sector | Agweb.com

KC Fed: Mounting Financial Pressure in the U.S. Farm Sector | Agweb.com: In a special report from the Federal Reserve Bank of Kansas City, Nathan Kauffman outlines the weakening in the nation's ag economy in the first quarter of 2016 and says that weakness "is expected to remain soft through the year."

Dawson Creek farmland sale nets pretty penny

Dawson Creek farmland sale nets pretty penny: On April 1, seven agricultural parcels north of Dawson Creek belonging Marvin and Karen Baerg sold at auction.

By the end of the day, the sale brought in $3.92 million, averaging an impressive $512,000 per quarter section.�

Five buyers ultimately picked up sections of land, and according to Ritchie Bros. Auctioneers, all five are from the South Peace area.�

As crop prices fall, farms relying more on U.S. aid | NWADG

As crop prices fall, farms relying more on U.S. aid | NWADG: A crop surplus is creating a slump in U.S. grain prices that is worsening to the point where farmers will soon get more in government aid than at any time in the past decade, analysts say.

About $13.9 billion of net farm income this year will be from federal payments, or about 25 percent of total profit estimated at $54.8 billion, according to figures provided by the U.S. Department of Agriculture. That's the biggest payout and highest ratio since 2006, as programs authorized by Congress two years ago cost more than originally forecast.

Farmers will earn less than half what they did three years ago, before global surpluses sent commodity prices plunging. Corn and soybeans, the biggest U.S. crops, are so cheap now that farmers are expecting to lose money on every acre they plant this season. That's putting a bigger strain on government safety nets for agriculture.

"This is a sign of a weak farm economy that is much weaker than even a couple years ago," said Patrick Westhoff, director of the Food and Agricultural Policy Research Institute at the University of Missouri in Columbia.

Denmark invests Rp 2 trillion in Indonesia's agriculture sector - The Jakarta Post

Denmark invests Rp 2 trillion in Indonesia's agriculture sector - The Jakarta Post: The Danish government has inked a Memorandum of Understanding (MoU) with the Agriculture Ministry to invest at least Rp 2 trillion (US$152.7 million) into Indonesia's cattle, corn and sugar plantation industries.

Agriculture commissioner: Strawberry farmers expecting strong season in '16 :: WRAL.com

Agriculture commissioner: Strawberry farmers expecting strong season in '16 :: WRAL.com: Despite a recent string of below-freezing nights, North Carolina strawberry growers are expecting a productive season, state officials said Wednesday.

State Agriculture Commissioner Steve Troxler said many farmers in the eastern part of the state are already picking berries, about two weeks earlier than normal.

“Our growers are very experienced with dealing with late frosts and know how to protect their crops,” Troxler said in a statement. “Because of their diligent efforts, this season shows a lot of promise with plenty of strawberries available. Plus, since we had warm weather in winter, consumers will be able to enjoy fresh berries even earlier.”

Farmers in 8 states to trade via e-agriculture market from tomorrow | Latest News & Updates at Daily News & Analysis

Farmers in 8 states to trade via e-agriculture market from tomorrow | Latest News & Updates at Daily News & Analysis: The electronic launch of NAM portal will be formally done on Thursday by Prime Minister Narendra Modi here in the national capital on the 125th birth anniversary of Bhim Rao Ambedkar.

Simultaneously, the e-portal will be inaugurated by state dignitaries in 21 wholesale mandis in eight states -- Uttar Pradesh, Gujarat, Telangana, Rajasthan, Madhya Pradesh, Haryana, Jharkhand and Himachal Pradesh.

USDA Blog � Celebrating the New Face of Agriculture

USDA Blog � Celebrating the New Face of Agriculture: At the Agricultural Marketing Service and across USDA, we often talk about the fact that the face of American agriculture is changing. The ranks of our farmers, especially young and beginning farmers, include a growing number of women, people of color, veterans or folks in their second careers. So-called “traditional” agriculture defies the term as it pursues new strategies, new products, and new markets. Across the country, agriculture is diversifying and evolving to meet changing consumer demands.

Agriculture Traders See No Relief From Glut-Fueled Bear Market | Agweb.com

Agriculture Traders See No Relief From Glut-Fueled Bear Market | Agweb.com: Some of the world’s top agricultural commodities traders say the era of slumping prices and low volatility isn’t over yet.

Crop prices that slid in the past three years still aren’t low enough to encourage output cuts, Matt Jansen, the chief executive officer of trader Cofco Agri, said on Tuesday at the Financial Times Commodities Global Summit in Lausanne, Switzerland. It’s harder for traders to profit from lower price volatility, Louis Dreyfus Co. and Cargill Inc. said.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower on profit taking after the recent sharp rally. The US Dollar Index is higher while other markets have a risk-off bias.

Money flow in recent sessions has dictated the price movement in grains at the CME. Fundamental conditions have not changed significantly when looking strictly at supply and demand. However, the weaker dollar and the relationships of other currencies to the dollar has changed the attitude of investors.

Technical buying has also been a factor. As resistance levels are�broken, further buying has been triggered by short-covering and margin clerks directives of “meet your margin call now or get out.” The question is how long will this continue?