RURAL REFLECTIONS Rural Reflections Radio
Here is this week's Rural Reflections Radio program, Full Circle... Posted on 8/17/14 at 7:21 AM
PRAIRIE BUSINESS A match made in China
South Dakota wants to establish a sister-state in China and it looks like Inner Mongolia might be the right match.
Speaking by phone from a trade mission stop in Shanghai on May 14, Gov. Dennis Dauga... Posted on 5/14/14 at 3:03 PM
The U.S. Commodity Futures Trading Commission (CFTC) announced Wednesday that it had obtained a consent order and permanent injunction against Mark Vanderploeg, formerly of Glendale, Ariz., and three of his companies, including DVC Farms of Minneapolis.
Jay Backowski, executive director of USDA’s Farm Service Agency in Douglas County, reminds producers that the sign-up deadline to elect the new Average Crop Revenue Election (ACRE) program is August 14.
The federal government is expanding an insurance program for sunflower farmers — two years after almost killing it — in a move that could help protect growers against fluctuating prices and low crop yields.
Area farmers are storing their crops after a drop in prices and waiting for a rebound.
Problems on Wall Street bear most of the blame for plunging crop prices, said Mike Krueger, founder and president of the Money Farm, a grain marketing advisory service in Casselton.
“The financial mess is affecting commodity markets,” he said.
Many investors want the security of cash and are selling commodities, he said.
Rising feed costs, low hog markets have some producers bowing out; others struggling
WORTHINGTON — There is a vicious cycle running through the agricultural industry today, and it could be months, perhaps years, before any relief is in sight.
Floods that have inundated the Midwest could reduce world corn supplies and drive food prices higher at a time when Americans are already stretching their grocery budgets and people in poor countries have rioted over rising food costs.
By Stevenson Jacobs, The Associated Press
June 14, 2008
When U.S. farmers are asked which country is the chief export competitor for soybeans with the U.S. they almost always say Brazil.
That’s because we always hear about how many acres of soybeans are planted in Brazil and how big its soybean production is. But that’s not the case. Argentina’s combined exports of soybeans, soybean meal and soybean oil last year will total 41 million tons compared to 38.6 for Brazil.
It’s the middle of the winter and few people are talking about how weather might affect the markets next summer. Everyone knows that supplies of all grains and oilseeds worldwide are in very tight supply. Those analysts who are trying to figure out what next year’s crop production might be are already factoring in trend line or better yield forecasts.
I recently attended a meeting of the Western Canadian Wheat Growers. The meeting was held in Minneapolis at the end of January.
Apparently the fact the Canadian dollar is now stronger than our dollar made Minneapolis a good choice to have their annual meeting. This particular grower organization is very anti-Canadian Wheat Board. It believes farmers should have the right to market their own crops however and whenever they want. Today they must deliver all of their wheat and barley to the Canadian Wheat Board and take what they get at the end of the marketing year.
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