Close
Home » Articles »   By DTN
 
 
Friday, March 13,2009

Credit problems for ag likely to be limited

by DTN
While strong 2008 incomes and years of conservative borrowing have kept U.S. farmers in a relatively good credit situation heading into planting season, the long-term outlook is less positive, analysts said.

Read more Read it in print
Friday, March 13,2009

USDA cuts corn, soybean ending stocks

by DTN
USDA last Wednesday lowered both U.S. corn and soybean ending stocks for 2008-09 as higher ethanol use buoyed corn usage while soybeans got a bump in record exports to China. ?U.S.

Read more Read it in print
Friday, February 27,2009

Horse slaughter bill moves forward

by DTN
The Montana House of Representatives strongly endorsed a bill that paves the way for construction of a horse slaughterhouse in Montana and aims to bring the industry back to the U.S. Backers said ranchers and those who own horses have been struggling ever since all the slaughterhouses in the country were closed down.

Read more Read it in print
Friday, February 27,2009

Japanese consumers buying lower-priced cuts of meat

by DTN
Japanese consumers have shifted their buying habits to lower-priced cuts of meat and U.S. beef exporters can take advantage of that move, but must overcome an unfavorable exchange rate hurdle. Still, the beef exporters will have to accept a partial consumer shift to other protein sources as well, market observers say.

Read more Read it in print
Friday, February 27,2009

Ethanol industry called sound

by DTN
The state of the ethanol industry is decidedly different than it was just months ago, but Renewable Fuels Association President Bob Dinneen told industry representatives last Tuesday at the National Ethanol Convention that despite the tough economic times, he believes the ethanol industry will emerge better for it.

Read more Read it in print
Friday, February 27,2009

Land values softened in 2008; no price collapse seen in 2009

by DTN
Land values fell in the fourth quarter of 2008, but so far in 2009, land is holding its own, slightly off last years highs. Land prices in the fourth quarter were down 6 percent in Iowa and 3 percent in Illinois, according to the Federal Reserve Bank of Chicago.

Read more Read it in print
Friday, February 20,2009

Bill would add regulatory oversight to credit-default swaps

by DTN
Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton is endorsing a bill that would strengthen CFTC?s regulatory powers, but Chilton says he believes CFTC should have authority to launch criminal investigations. CFTC regulates the grain, meat and financial futures exchanges in Chicago, New York, Kansas City and Minneapolis.

Read more Read it in print
Friday, February 20,2009

Despite proposed congressional help, wind industry faces challenges

by DTN
Advocates of wind energy touted the industry?s potential, while highlighting the potential struggles last week, even as the U.S. Senate passed its version of the stimulus bill that would pump billions into wind energy and investments in upgrading the nation?s transmission grid.

Read more Read it in print
Friday, January 30,2009

Who is going to get the bulk of your estate?

by DTN
Is the estate you spent a lifetime accumulating and/ or conserving going to be reduced significantly by the time your heirs receive it? Only action now on your part will help to ensure your heirs receive the estate you intend.

Read more Read it in print
Friday, September 12,2008

Production costs seen rising 30 percent by 2009

by DTN
U.S. farmers will have to spend roughly 30 percent more next spring to plant corn and soybeans due to soaring energy prices driving up the cost of fertilizer, according to a University of Illinois study. As a result, consumers will likely pay higher prices for everything from bread to milk to meat. The cost to plant corn next spring will be $529 per acre, up 36 percent from 2008 and up 85 percent from the five-year average $286 per acre, said Gary Schnitkey, an agricultural economist who conducts the annual survey of expenses excluding land costs. At $321 an acre, soybean input costs are projected to rise by 34 percent from 2008 and more than 78 percent from the 2003-2007 average of $180 an acre. Assuming cash-rent fees of $200 an acre, the study projects a break-even price of $3.82 a bushel for corn in central Illinois based on an average yield of 191 bushels an acre. Soybeans would break even at $9.65 a bushel based on yields of 54 bushels per acre. Schnitkey predicts 2009 prices significantly above break-even prices. Based on futures markets, corn should sell for about $6 a bushel next year, with soybeans in the $13 to $14 range, he said. Corn, soybean and wheat prices at the Chicago Board of Trade hit record highs this year amid increased global demand for food, rising oil prices and government mandates for biofuels. Fertilizer drives up cost Farmers are seeing the cost to grow corn and soybeans soar due to higher fertilizer prices. Fertilizer prices have risen by 82 percent for corn and 117 percent for soybeans, Schnitkey said. About 80 percent of the cost to produce nitrogen fertilizer comes from natural gas. In addition, higher energy prices have driven up the cost to mine phosphorus and potassium. The price of crude oil soared 70 percent in the past 12 months and 105 percent in the last 18 months. U.S. crude oil futures hit a record high above $147 a barrel on July 11. However, a World Bank study released last week said that only 25 to 30 percent of higher food prices was due to the rise in energy costs and fertilizer. The study said that large increases in biofuel production in the U.S. and Europe contributed 70 to 75 percent of the increase in food prices. The food-versus-fuel debate heated up as U.S. food prices last year saw their biggest increase in 15 years and are forecast to rise by 5 percent this year. World food prices rose by 40 percent last year, causing food riots, hoarding and bread lines in some countries. — DTN

Read more
 
 
User Box (click to open)
 
SEARCH IN WLJ
Sign up for our newsletter!
   
 
S M T W T F S
1 2 3 4
5 6 7* 8* 9 10* 11*
12* 13* 14* 15 16* 17* 18*
19* 20* 21* 22 23 24 25*
26 27* 28 29* 30 31*
 
 

© Crow Publications - Any reprint of WLJ stories, except for personal use, without permission, written consent and appropriate attribution is prohibited. 2008 Crow Publications. All rights reserved.