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Showing posts from August, 2016

Low Returns, Crop Prices Keeping Pressure on Farmland Values

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(Boone, IA, August 31, 2016) – Illinois farmland values continued their pullback around the state during the first half of 2016 as prices retraced between an estimated 3.3 percent and 7 percent. Continued low net returns and softening commodity prices are cited as the primary cause of the decrease. This is according to the Mid-Year “Snapshot Survey” information gathered by the Illinois Society of Professional Farm Managers and Rural Appraisers as well as the Illinois Farm and Land Chapter of the REALTORS® Land Institute (RLI). The data analysis is provided by Gary Schnitkey, Ph.D., with the University of Illinois College of ACES. The survey is part of an ongoing and larger annual Land Values and Lease Trends project conducted by the Society.

The survey results were released today at the Farm Progress Show being held in Boone, IA.

According to the survey, below $4 per bushel prices paid for corn are expected to continue into 2017 with some decreases in production costs expected. Cash …

Pro Farmer Midwest Crop Tour

Why USDA's Ear Weight is Unlikely to Change

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Illinois State Fair Sale of Champions

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Illinois Governor Bruce Rauner purchased the Grand Champion Steer at the Illinois State for a record setting $104,000.

Governor Rauner Announces Illinois State Fair Foundation

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The Illinois State Fair has a new funding source. Governor Bruce Rauner has announced the creation of the Illinois State Fair Foundation. He says it is a non-governmental, non-political, privately run 501c3 Not-for-Profit to be operated by farmers and community leaders.The private foundation was created after the Illinois State government failed to pass legislation last year to create a similar board. The private foundation will work to restore and maintain the Illinois State Fair in Springfield, and the DuQuoin State Fair in the southern part of the state.
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You may follow the progress of the Pro Farmer Midwest Crop Tour August 22-25 on WILLAg.org. Watch for live in field results from the tour scouts as they gather information from corn and soybean field across the Midwest. The updates will come directly from a series of crop scouts. Monday through Thursday we'll also bring you audio updates from Pro Farmer's Brian Grete and Chip Flory. Those updates will air during the 2:06-2:36pm Closing Market Report. Friday Brian Grete will join the Commodity Week panel to review the tour results, Pro Farmer's official estimation of the 2016 crop, and compare those to USDA's August report. You may learn more about the tour on the Pro Farmer website.

2016 Illinois Corn & Soybean at Mid-Season with Emerson Nafziger

Urbana - University of Illinois Extension Agronomist Emerson Nafziger discusses the potential of the corn and soybean crops at mid-season.PLAYLISTCorn (tipback)Soybean (tall)Growing Degree Days (frost)

IPPA Responds to Chicago Tribune "The Price of Pork" Series

Chicago Tribune “The Price of Pork”
Jennifer Tirey, Executive Director - Illinois Pork Producers Association

New Site for August 18th U of I Agronomy Day

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Agronomy Day on the University of Illinois campus is Thursday August 18th.Agronomy Day at ILLINOIS has moved this year. It’ll be a bit further south of campus at the new facilities on the First Street farm says University of Illinois Extension Weed Scientist Aaron Hager. The south First Street facility is about 3 miles or so from the usual place, however, it is in a different city on the map. The address is Savoy. Just go straight south from the U of I’s football and basketball arena’s on First Street and you’ll find the farm on the east side of the road. The doors open at 7am Thursday August 18th, with a meal at the noon hour.

Marketing a Low Priced High Volume Corn Crop

The price of corn is predicted to stay low this coming year because the size of the crop should be really big. Todd Gleason has more on just how a farmer might go about marketing under such conditions. The numbers aren’t pretty as it relates to this year’s corn crop, at least other than the number of bushels in the bin. It should be a great big one, something on the order of 15 billion bushels thinks Darrel Good. Each of those bushels will be worth a lot less than they would have been earlier in the year and now farmers must figure out how to make a lower price and a higher yield result in a sustainable income. The price is too low to call it anything more than sustainable and the crop is too big to put it all in storage says the University of Illinois agricultural economist.Quote Summary - So, some sales must be made between now and the end of the harvest period. Getting the extra bushels sold in the next few weeks is probably a good idea as pressure continue on futures and basis thr…

Control Mosquito Larvae & Protect Yourself

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Foggers used by cities and towns can be a pretty effective tool for controlling mosquitos. They can even be used around the house. It is best, however, to start with the basics. Both types of disease carrying mosquitos need standing water to hatch. Get rid of it, especially if it is nasty water says University of Illinois Extension Entomologist Phil Nixon. Quote Summary - Those mosquitos are quiet biters, they will sneak up and bite you. They are the ones in the case of the northern house mosquito, transmitting west nile virus and in the case of the Asian tiger mosquito Zika virus, if it gets established this coming summer. Both of these mosquitos tend to be short range flyers, usually a quarter to half a mile, and so what you do on your own property and what your neighbors do can make a huge difference in the numbers of these mosquitos and the likelyhood of being bitten. The first line of defense says Phil Nixon, and the Centers for Disease Control, is to protect your own person and …