Tracking Black Cut Worm Moth Flights in Illinois | with Kelly Estes
Todd Gleason talks with Illinois Natural History Survey Entomologist Kelly Estes about insect pests of corn in the state.
markets and weather for the farming world | Todd Gleason, Farm Broadcaster
Todd Gleason talks with Illinois Natural History Survey Entomologist Kelly Estes about insect pests of corn in the state.
Quote Summary - For 2017 we used trend yields and commodity prices of $3.80 for corn and $9.90 for soybeans that resulted in lower incomes for the year. Probably something in the $20,000 range per farm.Schnitkey cautions it is very early in the season, and that at this same time last year 2016 was projected to be a very, very bad year. It rebounded. It is also important to note that while higher than 2015 incomes, the projected 2016 incomes do not result in the building of financial reserves on most Illinois farms. Schnitkey believes most farms will continue to see the erosion of working capital, potentially leading to the need to refinance outstanding operating loan balances.
A University of Illinois Animal Sciences alum has been elected president of the Illinois Pork Producers Association.
Quote Summary - Get-by year, but better than it could have been without the high yields. Most farmers will maintain equity, but may see some working capital declines. The declines will be more pronounced on farms working a higher percentage of cash rented land. It is better than 2015, but still not up to sustainable levels for the long-run. We need to see higher returns, particularly for corn prices in the future.There are a series of graphics detailing 2016 central Illinois row crop farm gross income on the farmdocdaily website.
Four consecutive years of lower commodity prices has nearly exhausted the financial resources of U.S. grain farmers. Todd Gleason looks into the problem with an agricultural economist from the University of Illinois.
The National Agricultural Statistical Service (NASS) - an agency of the U.S. Department of Agriculture - released average county cash rents for 2016 the second week of September. These county rents are used to imply average rents for different expected corn yields in the state of Illinois.
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.
Did you know 4-H, that’s the world’s largest youth organization, is into robots. It is, and so are kids. Todd Gleason has more from an amazing robotics competition held in mid-April on the University of Illinois campus in Champaign, Illinois.
Low commodity prices have farmers around the nation considering a different crop rotation. Some have been wondering if it might be more profitable to plant soybeans after soybeans this year. University of Illinois Extension Economist Gary Schnitkey addressed the issue on the FarmDocDaily website and told Todd Gleason farmers in northern and southern Illinois might consider the option.
Todd Gleason tours the Illinois Speciality Crops, AgroTourism Conference trade show floor to demonstrate diversity within the industry.
It is very difficult to give up a farm, even one that is losing money because the cash rent is too high. Todd Gleason has a few simple guidelines one might follow to help them make that decision.
Low commodity prices are quickly eating into the reserves farmers built up over the last several years. Todd Gleason has more on agriculture’s ‘working capital’.
Cash rents on professionally-managed farmland are set to decrease next year. That’s the conclusion of a survey in the state of Illinois.
Farm income this year is going to be dramatically lower than in the past. Next year doesn’t look any better even on highly productive central Illinois soils. Todd Gleason reports farmers must cut costs to survive, and that cash rents may need to come down by as much as one-hundred-dollars per acre.