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The International Flavor of the Crop Tour

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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 will affect their marketing and planting plans.

The original tour was comprised primarily of farmers, but now they are probably less than 50% of the tour. Many people come from Asia, Europe and South America and they are always very interested in learning more about American agriculture.

The yields that we say in Illinois was better than I expected at about 150 bushels per acre on our route. As we passed into Iowa, we found a stretch of about 10 miles of completely dead corn. Of course our best yield of the day was the next one after this stretch.

The farmers that got good rain have good corn, there just is not enough of it this year.

Tomorrow is the last data and I look forward to seeing the final numbers.

 

Paul Neiffer

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul drives combine each summer for his cousins and that is what he considers a vacation. Leave a comment for Paul. If you would like to leave a comment for Paul, follow the link above, however, please make sure to include your email address so that he can reply to your comment (your email address will not automatically show up).

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    Great time with @MRRChip today on Market Rally talking about the new farm bill. 13 hours ago

    Drove over 2,000 miles in last 12 days. Saw a lot of good looking corn. Beans not so much 3 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

    The soybean YO-YO is well underway 2 weeks ago

    If prices stay where they are at I estimate some farmers will $100 ARC payments next October. Could be difference between profit & loss 2 weeks ago

    I think the corn and bean markets are starting to feel like Brazil in the World Cup on Tuesday 2 weeks ago

    Do the Highs in Live Cattle equal the Lows in Corn and Beans 2 weeks ago