While some areas of the U.S. are experiencing drought conditions that have dried up pastures and forced livestock producers to feed hay weeks earlier than usual, the overall outlook for hay supplies does not seem to be quite as severe.
For Troy Ellis, winter feeding is all about holding the line on body condition and making sure cows and heifers are in good shape for a round of AI work by mid- November. But this year, it's looking to be a more expensive proposition.
Cow/calf producers and backgrounders who can hold onto animals a little longer and add forage-based pounds should be in a sweet spot to sell going into 2011. Corn prices, spurred ahead by lower-than-expected production and a drop in carryout, will now encourage feeders to opt for heavier animals than they may have wanted just a month ago.
The panel discussion, part of a CME Group Inc. conference on global financial leadership in Naples, FL, comes as the debate over food versus fuel returns. The issue had been dormant for much of the past two years, but heated up again in recent weeks as corn prices reached two-year highs.
Farmers could harvest sizable tax write-offs in a new small-business law giving extra incentives for end-of-year equipment and truck purchases. The U.S. House approved the legislation Sept. 24 following Senate action earlier this fall, and President Barack Obama signed it into law last Monday.
In Texas, there are a lot of good reasons for landowners to keep pasture rental rates steady. One of the biggest is called an agricultural use exemption and without it, landowners can see property taxes go up about tenfold.
One minute past midnight, Dec. 31, 2010, the amount of taxes your heirs will pay goes from zero to a top rate of 55 percent. Would that be enough of a tax bill to drop the ax on the farm as family members are forced to sell a lifetime of work off in pieces to pay Uncle Sam?.
The index aims to take the pulse of the agricultural economy. Its based on a survey of 500 producers picked at random to reflect the demographic makeup of the 2007 USDA Ag Census. The survey is conducted three times a yearbefore planting, before harvest, and at years end.