The USDA's much-anticipated estimates of March 1 grain stocks and 2014 planting intentions released March 31 contained a few surprises, but no major shocks. March 1 corn stocks and planting intentions are a bit smaller than the average trade guess. March 1 soybean stocks were almost equal to the average trade guess, while planting intentions are slightly larger than expected....More
Total U.S. peanut acreage will be up 29 percent in 2014. Total upland cotton acres will increase 7 percent compared to last year but down in some Southern states. U.S. soybean acres set to set record and higher in Southeast, too, with wheat acres down, according to USDA Prospective Plantings report issued March 31....More
Farm Credit Mid-America, part of the nationwide Farm Credit System, grew loan volume in 2013 by more than $1 billion to $17.7 billion and saw assets grow by nearly $1 billion to $20 billion, a 5.1 percent increase over 2012....More
Farmers and ranchers who plan to participate in Farm Service Agency programs need to go ahead and register. Producers are encouraged to report farm records and business structure changes by April 15....More
With cotton contract basis being very favorable, the move to near 80 cents in the cotton market the week of May 10 may coax producers into bale contracts on a portion of expected 2014 production....More
U.S. soybean stocks will remain tight through early 2014. As long as China continues to buy U.S. soybeans prices should get good support. But in the second quarter as Brazil and Argentina soybeans hit market, soybean prices likely to collapse....More
Cool soils and wet conditions over the past few weeks have slowed Georgia's 2014 corn planting, but its full-on now at Raymond Thompson’s Seminole County farm near the Florida line. Early planted seed gives Deep South corn growers a chance at premium prices for a mid-July corn harvest.
USDA's proposed 2015 budget is less than its 2014 budget but still looks to bolster rural development, finance younger farmers, improve food safety, and reduce funding for the Commodity Credit Corporation and some producer insurance premium subsidies....More
As the calendar flips to March, farmers have been slow to commit to 2014 seed purchases, indecision is due to lower 2014 commodity prices that can be booked for harvest delivery. The profitability outlook is tighter than it has been the last couple of years....More
Cotton Incorporated is funded by check-off dollars assessed on each bale of cotton marketed in the U.S. or the equivalent imported into the country. The assessment is $1 plus .5 percent of a bale’s value. Why should cotton farmers care?...More
Annually, Cotton Incorporated invites cotton producers from across the country to travel to North Carolina to tour its high-tech headquarters, which was established, built with, and funded by cotton check-off dollars.