Ag Notes

WILL - Ag Notes - June 29, 2013

Is the Corn Boom Ending? ...and more.

Todd Gleason

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(Duration: 4:56)

U.S. corn consumption for ethanol in billion bushels.

This week University of Illinois Ag Economist Darrel Good explored the future growth potential for corn. He draws some sobering conclusions. You may read more on his thoughts here, and in the link to the FarmDOCDaily article below. You'll also find a link to the interview Todd Gleason did with Dr. Good Friday morning after the relase of the June Grain Stocks and Acreage reports.

The is the concluding paragraph of the "Corn Boom Ending" article:  The recent period of growth in the U.S. corn industry appears to have peaked. The domestic ethanol market has hit the E10 blend wall and will be dependent on consumption of higher blends in order to expand total domestic consumption and to increase corn consumption. The domestic livestock industry is also mature and may require larger exports for production growth. Finally, the corn export market has become a lot more competitive in the past several years as high corn prices have stimulated an increase in world production.

If the size of the U.S. corn market has peaked, a period of lower prices and reduced acreage may be required. Lower prices would be beneficial for the livestock industry, at least initially. Lower crop farm incomes might result in some downward pressure on farm land prices, particularly if interest rates continue to increase. Making plans for such an adjustment seems prudent, while at the same time hoping for a surprise development on the demand side.

Categories: Agriculture


WILL - Ag Notes - June 20, 2013

The Community College Path to Ag Education

Todd Gleason

High School FFA Chapters from around the nation are gathering at their state conventions this summer. Scattered among the blue and gold jackets will be their teachers, and a few aspiring agriculture education teachers. Todd Gleason caught up with one of them and has this story on how she came to a Big Ten school through the Community College system.

Categories: Agriculture

WILL - Ag Notes - June 16, 2013

N FIx for Purple and Yellow Corn Not Needed

Todd Gleason

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(Duration: 4:16)

This is a screen grab of the top right hand corner of The Bulletin website. It shows a lady bug, and a portion of written article.

Corn fields with poor color are probably suffering from a lack of oxygen rather than in need of an addtional nitrogen application. This is the conclusion of University of Illinois Agronomist Emerson Nafziger.

He writes in this week's bulletin, "As soils dry out in most areas of Illinois and temperatures stay warm, it’s likely that many fields with yellow corn plants will improve, in some cases rapidly. Late planting and warm temperatures do tend to favor top growth over root growth, but we expect that as leaves grow and start improve in color and as soil oxygen levels increase as soils dry, sugars will become more available to the roots as well as the tops, and this will further improve root uptake of nutrients."

You may read more or listen to our report with Emerson Nafziger using the links below.

Categories: Agriculture




WILL - Ag Notes - May 22, 2013

Honor Flight May 21, 2013

Todd Gleason

Close up of the face of a world war two veteran. He has a retrospective look, and is wear a world war two hat.

Tuesday, as some of you may already know, I flew to Washington, D.C. with my father on an Honor Flight. It is a most moving experience. Dad is a WWII vet and among only a handful on this trip. Most were Korean Era vets. You can see photos taken during the day using the link below. If you are or know a WWII or Korea era vet and can travel (at all) please do not miss this opportunity. Honor Fights are extraordinary events. 

Over this Memorial Day as we remember the fallen, please take time to thank those that served along side them. Freedom comes at a price, and a few have paid with their lives, many have paid with their service. We thank all of them. 

Todd Gleason, Guardian - Central Illinois Honor Flight

tgleason@illinois.edu

Categories: Agriculture

WILL - Ag Notes - May 14, 2013

Collin Peterson & the 2nd Amendments

Todd Gleason

The United States House of Representatives Committee on Agriculture will mark up the 2013 version of the farm bill today in Washington, D.C. (May 15). Last night ranking member of the committee Collin Peterson spoke about the bill and the mark up with farm broadcasters. Todd Gleason was among them and files this report. It begins the way the evening event started with Peterson and his band the "Second Amendments" entertaining members of the National Association of Farm Broadcasting.

Categories: Agriculture

WILL - Ag Notes - May 10, 2013

Two Billion Bushel Corn Carryout

WILLAg

Map of the United States showing where corn is grown and where drought still exists as of May 10, 2013.

USDA NASS projects 35 percent of the U.S. corn crop will start the season under drought conditions.USDA's World Agricultural Outlook Board is projecting a record setting corn crop and 2013/2014 ending stocks. Here's an edited excerpt from the report, "Corn production for 2013/14 is projected at 14.1 billion bushels, up 3.4 billion from 2012/13 when extreme drought and heat reduced yields to their lowest levels since 1995/96.  The 2013/14 corn yield is projected at 158.0 bushels per acre, 5.6 bushels below the weather adjusted trend presented at USDA’s Agricultural Outlook Forum in February.  The slow start to this year’s planting and the likelihood that progress by mid-May will remain well behind the 10-year average reduce prospects for yields.  Corn supplies for 2013/14 are projected at a record 14.9 billion bushels, up 3.0 billion from 2012/13."

Those numbers all point to a 2 billion bushel corn ending stocks figure by the time the fall of 2014 arrives with an average season's cash price ranging from $4.10-$5.30 per bushel. This all despite the drought west of I-35 and the delayed planting season. 

Categories: Agriculture

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