These are encouraging times for the U.S. farm economy, said AFBF Chief Economist Bob Young. Higher prices for corn, cotton, wheat and soybeans are helping farmers, but higher energy prices are impacting profit margins.
John Harrison agrees weaning and heat are a good way of doubling your problems. The Cairo, GA, producer schedules for an October through December calving season, but that means he weans in June and July. And it doesnt help that cattle are designed without a good radiator.
The U.S. Cattlemens Association (USCA) last week released a joint letter from USCA and National Farmers Union (NFU) to Secretary of Agriculture Tom Vilsack indicating the two groups will host a national discussion of the beef checkoff and the programs future.
If producers havent cut their hay yet, I would encourage them to do so soon. Harvest date is the most important management decision affecting hay production. Timing affects production, quality, composition, amount of regrowth, and subsequent plant vigor, Fick said.
The July USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports put corn ending stocks below trade expectations, allowing the corn market to recover from recent losses.
Farmers have long been willing to produce for the market, and farm programs over the past 20-plus years have moved agriculture from a managed supply to a mar- ket-oriented pricing system. But when you produce for the market, you dont always know who is going to come to buy.