This spring, grain products have been above the insurance regular price. For instance, corn has been $1.30 above average; soybeans $1 and wheat $4 above.
Last month, Vermont became the first state to require labeling of genetically engineered foods, also known as GMOs. The law won’t take effect until July 1, 2016 — if it ever happens. A federal bill introduced recently would ban states from passing such laws, and Vermont is preparing for a battle in court with the food industry.
After conquering the high-management requirements, Illinois no-tillers Matt and Connie Hughes are successfully no-tilling soybeans for seed production and raising non-GMO varieties to capture rising premiums.
Many no-tillers farming a typical corn-soybean rotation may focus their efforts into high-yielding crops. But one Illinois farm is seeing higher premiums, lower labor costs and more profits by focusing on soybeans.
Source: By Darrel Good, Agricultural Economist, University of Illinois
The USDA’s November forecasts of the size of the 2012 U.S. corn and soybean crops were larger than expected, particularly for soybeans. As a result, the general downtrend in soybean prices since mid-September has accelerated, with January futures now at the lowest level since June 29.
Source: Ag Answers, Purdue University/Ohio State University
According to the U.S. Department of Agriculture's June Plantings report released Thursday morning, U.S. farmers planted 1.5 million more corn acres than the market expected, said an Ohio State University agricultural economist.
Source: By Darrel Good and Scott Irwin, University of Illinois
The smaller than expected U.S. corn crop in 2010 and the rapid rate of increase in the use of corn for ethanol has resulted in prospects for very small domestic stocks at the end of the 2010-11 marketing year.
University of Illinois economists project net no-till farm operator returns for 2009 at minus $8 per acre for corn and minus $15 per acre for soybeans, the first negative returns for the decades beginning 1990 and 2000.
As plantings of genetically modified (GM) crops continue to climb by millions of acres per year, one crop stands out for its absence from the list. Wheat growers, including no-tillers, are still waiting for the benefits of biotechnology, and the wait is likely to be a long one.
The still-germinating carbon credits market favors no-tillers, who ought to get on board early to make the most of the long-term financial rewards. That’s the advice from Mark Wilson, president of Land Stewards, a Columbus, Ohio-based consulting firm hired by the non-profit Ohio No-Till Council to study the subject.
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Franck Groeneweg, who no-tills a variety of crops on more than 12,000 acres near Three Forks, Mont., shares how his massive Johnson-Su bioreactor system allows him to apply compost extract in furrow during planting season.
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