It’s that time of year to sample soybean and cotton fields for nematodes, especially problematic fields. Many fields that exhibit nutrient deficiencies may have nematode problems and the only way to know is to sample. Continue reading
Corn prices are up; cotton and soybean prices are down with wheat prices mixed for the week. The U.S. Dollar Index traded at 79.75 before the close, up 0.32 for the week. The Dow Jones Industrial Average before the close was 13,324 down 286 points for the week. Crude Oil was trading at 91.73 a barrel, up 1.85 a barrel for the week. USDA released a grain friendly supply and demand report on October 11 that has led way to profit taking today on the heels of poor grain export numbers. Continue reading
This table should be used as a guide as yields, prices, and expenses will vary among producers and locations. This table is a look at the start of the 2013 planning process as wheat is currently being planted. Yields are average yields for Tennessee with prices adjusted for the 2013 production year. Expenses will vary among producers and production systems. Continue reading
Corn
In today’s report, old crop corn ending stocks were lowered 193 million bushels from last month to 988 million bushels and reflect the September 29 Grain Stocks report. Feed/residual use was increased 162 million bushels; food, seed, and industrial uses increased 31 million bushels; and imports and exports offset each other with 3 million bushel increase for imports and the same for exports. The stocks to use ratio dropped from 9.6% to 7.9%. Continue reading
As reported by NASS on October 9, 2012
RAINS SLOW HARVESTING
Rains continued to slow harvest and other fall activities last week. Farmers, with four and a half days suitable for field work, made the most of these conditions as they were active harvesting corn, cotton, tobacco, soybeans, and hay. In addition, cotton defoliation and wheat seeding occupied their time. Continue reading
The 2012 Tennessee Farmland Legacy Conference “Planning Today for Tomorrow’s Farms” which will be held November 1st at Montgomery Bell State Park in Burns, Tennessee. Continue reading
Prices are reported through Thursday, October 4, 2012. Cotton prices are up; corn mixed with soybean and wheat prices down for the week through Thursday. The U.S. Dollar Index traded at 79.28 early Friday down 0.74 for the week. The Dow Jones Industrial Average in early trading Friday was 13,640 up 198 points for the week. Crude Oil was trading at 90.27 a barrel, down 1.92 a barrel for the week. A greater than expected jobs report Friday morning put unemployment at 7.8%, the lowest in 44 months and could be suggesting that the economy is gaining some momentum. Continue reading
A recent article in the Southeast Farm Press by Ron Smith entitled Estate planning crucial by year-end highlighted estate planning information that producers and landowners might want to consider before year end. There are many unknowns on what legislation will get enacted and the impact it can have on estate planning. Check this article out and if it is something you need to consider, then start acting on it now – http://southeastfarmpress.com/management/estate-planning-crucial-year-end Continue reading