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Hoosier Ag today

Ryan Martin
Hoosier Ag Today by: Andy EubankJuly weather picture Ryan MartinAside from the USDA June supply and demand and acreage reports coming Thursday at Noon eastern time, market analysts say we are now in a weather market. So is July weather shaping up to be bullish or bearish on corn and bean prices? HAT Chief Meteorologist Ryan Martin says going into the month there isn't a lot of major weather concern. “A lot of the weather concern has garnered attention with the ‘if' part of the forecast, i.e. if we get heat building as we move through the middle of July, or if [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Dan Gwin
Hoosier Ag Today by: Gary TruittTight Times Bring Changes for Farmers Dan GwinThis year has been one that has seen many farming operations making some significant changes due to tight profit margins. One Indiana grower who made major changes to his operations this year for financial reasons is Dan Gwin. Gwin farms near Linden in Montgomery County. Until this year, he has been growing primarily specialty crop corn that went to make tortilla shells and other food grade products. But declining specialty crop premiums prompted Dan to take the major step of switching crops, “Looking at what commercial corn was [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Hoosier Ag Today by: Hoosier Ag TodayMore than 100 Nobel Prize winners are asking Greenpeace to end its opposition to genetically modified organisms. A letter by the Nobel laureates asks Greenpeace to cease its efforts to block introduction of a genetically engineered strain of rice. Supporters say the rice strain could reduce Vitamin-A deficiencies causing blindness and death in children in the developing world. Richard Roberts, chief scientific officer of New England Biolabs, helped organize the letter campaign. Roberts stated the current stance on GMOs by Greenpeace is “damaging, and is anti-science.” Greenpeace International's website says the release of GMOs [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Hoosier Ag Today by: Hoosier Ag TodayWhile lobbyists continue to pressure the U.S. Senate this week to consider the GMO labeling compromise introduced by the Senate Agriculture Committee, the committee's ranking Democrat says the bill is more likely to pass after July 5th. Michigan Senator Debbie Stabenow says the compromise between her and the Senate Agriculture Committee Chair Pat Roberts “will have the votes” when it comes up for consideration by the Senate. Still, even though some Democrats have said they will back the bill, it is unclear whether it has enough votes. Vermont Senator Bernie Sanders announced this week [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Mike Silver
Hoosier Ag Today by: Gary TruittThursday's Report Will Be A Market Maker On Thursday, the USDA will give us our best guess on how much corn and soybeans were planted this year which will lead to estimates on yield and production for the 2016 crops. Historically, the reports have resulted in sharp market moves both up and down. The numbers that will indicate both what the supply and demand will be for the rest of year will set the tone for price trends through harvest. But going into this year's reports, there are vastly differing ideas on what the actual acreage [...]
Wed, Jun 29, 2016
Hoosier Ag Today
INFB Find Your Voice
Hoosier Ag Today by: Andy EubankFarm Bureau youth Where do Indiana Farm Bureau membership dollars go? A portion of membership goes right back into county efforts to support young people in 4-H and FFA and there is a good chance to see that in action during local county fairs around Indiana. In a Farm Bureau Membership Minute Chelsea Poe, Membership Sales and Marketing Coordinator at Indiana Farm Bureau explains many counties have a booth or actual building at the fair. “Our county Farm Bureaus are very involved with the local community and with youth development throughout the state,” she says. “They do [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Hoosier Ag Today by: Hoosier Ag TodayThe farmers of the American Soybean Association (ASA) welcomed news today that the European Commission will re-extend authorization for the herbicide glyphosate for another 18 months. ASA President and Greenwood, Del., soybean farmer Richard Wilkins noted in a statement that the announcement comes as only temporary relief for American farmers searching for certainty in the European marketplace: “An 18-month extension gives U.S. farmers and exporters the assurance that they will at least have access to the European market for that period of time. Clearly that's not the certainty the industry needs, but it's better than [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Hoosier Ag Today by: Hoosier Ag TodayAccording to the Farmers National Company, a ten-year run-up in land prices appears to be leveling off. Farmers National is one of the nation's top ag real estate companies, and they say average values of crop ground and grasslands have dropped from the historic highs of recent years, but they're still very strong. The supply of land for sale mirrors the amount of demand to buy land, so the market is in “equilibrium.” The supply of land for sale is lower as some farmers are deciding whether or not to keep their land, and [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Hoosier Ag Today by: Hoosier Ag TodayNearly 100 biodiesel industry leaders converged on Capitol Hill Tuesday to call for a stronger clean-fuels policy, just as a new report shows the industry supports nearly 48,000 jobs. The study found that 2.1 billion gallons of biodiesel and renewable diesel used in America had an economic impact of $8.4 billion across different sectors of the economy. The 47,400 jobs paid out $1.9 billion in wages. The report also found that imports are affecting the domestic industry's production and impact. If all biodiesel and renewable diesel had been produced domestically, it would have supported [...]
Wed, Jun 29, 2016
Hoosier Ag Today
Hoosier Ag Today by: Hoosier Ag TodayBritain's departure from the European Union would have little direct effect on U.S. agricultural trade but could slow Indiana's economic growth tied to manufacturing, Purdue University agricultural economists say. Their greatest concerns are whether the current shakeup in the financial markets from Britain's vote last week to leave the EU is short-term or longer, whether an already-strong U.S. dollar would continue to rise in value and how access to global markets might be affected. “The indirect effects will matter the most,” said Philip Abbott, a professor of agricultural economics who researches international trade and [...]
Wed, Jun 29, 2016
Hoosier Ag Today
BREXIT-1
Hoosier Ag Today by: Gary TruittThe surprising decision by British voters to leave the EU last week has caused market turmoil and a great deal of uncertainty in trade circles. Paul Drazek, former USDA trade official and now international trade consultant, says the pending US-European trade agreement will likely get put on hold, “I see no way negotiations on the European free trade agreement can move forward. I just don't think with all that is going on they will have the time.” While this delay is seen as a negative for U.S. agriculture, Dr. Campbell Harvey, international trade expert at [...]
Tue, Jun 28, 2016
Hoosier Ag Today
Hoosier Ag Today by: Hoosier Ag TodayIndiana's total hog and pig inventory on June 1 was estimated at 3.80 million head, up 150,000 head from a year ago, according to Greg Matli, State Statistician of the USDA, NASS, Indiana Field Office. Breeding hog inventory, at 260,000 head, was down 3.7 percent from last June. Market hog inventory, at 3,540,000 head, was up 4.7 percent from last year. The average pigs saved per litter for the March to May quarter at 10.40 was down 0.1 pigs from last year. United States inventory of all hogs and pigs on June 1, 2016 [...]
Tue, Jun 28, 2016
Hoosier Ag Today

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