August, 2012

Have a Good Labor Day Weekend

By: | Trackback URL | No Comments

August 31st, 2012

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 […]

More

USDA Shows Large Livestock Losses

By: | Trackback URL | No Comments

August 29th, 2012

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 […]

More

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

By: | Trackback URL | 1 Comment

August 28th, 2012

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 […]

More

Mid-West Crop Tour Recap

By: | Trackback URL | No Comments

August 26th, 2012

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 […]

More

The International Flavor of the Crop Tour

By: | Trackback URL | 1 Comment

August 22nd, 2012

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 […]

More

Midwest Crop Tour – Day 2

By: | Trackback URL | No Comments

August 21st, 2012

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 […]

More

Day 1 of the Crop Tour

By: | Trackback URL | No Comments

August 20th, 2012

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 […]

More

Off to the Crop Tour

By: | Trackback URL | No Comments

August 17th, 2012

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, […]

More

Expectations For Farm Income Dropping Rapidly

By: | Trackback URL | No Comments

August 16th, 2012

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 […]

More

Financial Stress Remains Muted

By: | Trackback URL | No Comments

August 15th, 2012

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 […]

More

Subscribe to this blog by:

Previous Posts

Events

View upcoming speaking engagements and other networking events for Paul Neiffer and CliftonLarsonAllen’s agribusiness team.

See All

  • Twitter Feed

    Photo of 140 bpa wheat near Walla Walla pic.twitter.com/YsA2wPt1iH

    1 hour ago

    Corn does well in Washington state. 55 at night 95 during the day plus irrigation 1 day ago

    If average cash rents drop $50 this fall and cash return is 2% equals drop in average land values of $2,500. We shall see. 2 days ago

    2 years ago corn + beans + wheat was almost $40. Now it is under $20. 2 days ago

    Great time with @MRRChip today on Market Rally talking about the new farm bill. 3 days ago

    Drove over 2,000 miles in last 12 days. Saw a lot of good looking corn. Beans not so much 5 days ago

    When you drive through Minnesota, South Dakota and Iowa this time of year you see a lot of corn and beans and not much else 2 weeks ago

    Possible another reason for high US corn yield estimates is acres switched to beans were lower yield corn acres 2 weeks ago

    Don't understand why nobody claims the USDA manipulates the data when the report is bullish 2 weeks ago

    USDA pegged lower corn production but if yields trends continue this will quickly change to production increase. 2 weeks ago