August, 2012

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    August 31st, 2012


    Have a Good Labor Day Weekend

    For all of those farmers out there that are harvesting their crops, have a good Labor Day Weekend and as a farm kid, I thank you for all of your effort to feed this country and the world.  Some of my favorite memories is working with my father on the farm (even as young as […]

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    August 29th, 2012


    USDA Shows Large Livestock Losses

    As we discussed the estimated 2012 net farm income from the USDA report yesterday, the grain farmers are looking at a very good year at the expense of the livestock operators. USDA is predicting that dairy revenues will fall from about $40 billion to $33 billion and in connection with much higher feed prices, this […]

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    August 28th, 2012


    2012 US Net Farm Income At a New Record Even With The Drought!

    In a report from the USDA issued today, they project that net cash income from farming will increase by 3.4 percent from 2011 to a new record of $122.2 billion.  Net value added is expected to increase by $5.9 billion to $172.6 billion. Due to the market effects of the drought and the expected large […]

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    August 26th, 2012


    Mid-West Crop Tour Recap

    My part of the Midwest Crop Tour started in Columbus, Ohio early Monday morning and finished up at the Iowa/Minnesota far eastern border around noon on Thursday.  We traveled through Ohio, Indiana, Illinois, Iowa and into Minnesota. The samples that our team took each day on route seemed to be a little bit better than […]

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    August 22nd, 2012


    The International Flavor of the Crop Tour

    Today we left Bloomington, headed north 50 miles and then went due west to Iowa City, Iowa.  Joining us was a group of 8 that included one from England, one from Germany two for from Brazil. This group followed us for the whole day and was here on the tour to determine how this crop […]

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    August 21st, 2012


    Midwest Crop Tour – Day 2

    We left Fishers, Indiana early this morning and headed northwest to the Illinois border and then turned due south to Paris (I told my wife that I always wanted to go to Paris, but did not realize it would be Paris, Illinois). We had lunch in Paris and then turned west for about 50 miles […]

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    August 20th, 2012


    Day 1 of the Crop Tour

    We had our orientation meeting Sunday night in Columbus and got started on the crop tour first thing Monday morning.  Our route took us on a northwesterly route through Ohio and then on a south westerly route down to Fishers, Indiana. Our first corn sample was a whopping 44 bushels, which ended up being a low […]

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    August 17th, 2012


    Off to the Crop Tour

    I will off to the Midwest Crop Tour beginning tomorrow morning very early (even for me, out of bed at 3:15 to get to my flight in time).  I am meeting up with Chris Barron (who write’s the Ask the Margin Expert column for Agweb) at the Cedar Rapids airport.  We drive to Champaign, IL, […]

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    August 16th, 2012


    Expectations For Farm Income Dropping Rapidly

    For those states comprising the Kansas City Fed District (Nebraska, Mountain States, Kansas, Missouri and Oklahoma), the expectations for farm income have dropped dramatically due to the drought.  In a just released report on the second quarter agricultural credit conditions, several financial nuggets can be found. Due to timely rains, the wheat crop in Oklahoma […]

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    August 15th, 2012


    Financial Stress Remains Muted

    The Kansas City Federal Reserve issues a monthly report on their index of the US Financial Stress.  The most recent one issued on August 8, 2012 had an index level of -.13 essentially unchanged from the June level of -.11.  Negative levels indicate that there is less stress than a normal level of 0 and […]

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