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December' 2012

2012 Ag Year In Review --- Part II

This is the second of a two-part article highlighting what happened agriculturally in 2012. This article will focus on a review of 2012 livestock production, input costs, and grain prices this week, following a review of 2012 crop production and weather conditions in the previous article. Following are some highlights regarding livestock production, input costs and grain prices for 2012 : [ read more ... ]

 

2012 Ag Year In Review --- Part I

As we reach the end of the year, it is a good time to reflect on what happened agriculturally in the region and across the United States in 2012. This will be a two-part article, with a review of 2012 crop production and weather conditions this week, and a review of livestock production, input costs, and grain prices in the next article. Following are some highlights regarding crop production and weather conditions for 2012 : [ read more ... ]

 

New Farm Bill Update

The current Farm Bill expired on September 30, 2012, and some programs will be discontinued without a new Farm Bill, or an extension of the current Farm Bill. In late April, 2012, the U.S. Senate passed their version of the next Farm Bill, which was followed by the U.S. House Agriculture Committee passing a Farm Bill out of Committee during the Summer months. However, the U.S. House failed to take up the Farm Bill on the House floor prior to the Congressional recess before the 2012 Election. [ read more ... ]

 

"Fiscal Cliff" Will Affect Farm Operators

The so-called “fiscal cliff” is a name that has been attached to the combination off spending cuts and tax increases at the Federal level that are scheduled to take effect at the end of 2012, if Congress fails to reach an agreement to address the Federal budget deficit. Both the U.S. Senate and the U.S. House are trying to find a Federal Budget compromise that can be passed by both Houses of Congress, and ultimately signed into law by President Obama. Congress has set up legislation that will allow the automatic tax increases and federal spending reductions to occur, if no budget agreement is reached. [ read more ... ]

 

Potential Grain Storage Problems

Many corn and soybean producers across the Midwest completed harvest by mid-October, and now need to pay close attention to grain that is stored in on-farm grain bins for potential storage problems. Much of the corn and soybeans in 2012 were harvested and placed into grain bins at very warm temperatures; however, we have had a wide range of temperatures in the past several weeks, from fairly warm to quite cold. [read more ... ]

 

2012 Custom Rate Charges

An increased number of farm operators are now providing some type of custom work to other farmers during the growing season. Many times, the farmers involved in custom work arrangements wonder what a fair custom rate is for the various faming practices that were performed. Iowa State University releases the annual “Iowa Farm Custom Rate Survey” each year in February, which is based on a survey of custom operators, farm managers, and ag lenders on what they expect custom farm rates to be for various farm operations to be for the coming year. This is probably the most widely used and updated custom rate information that is available in the Upper Midwest. [ read more ... ]