August Agricultural Prices Received Decreases 2%, Prices Paid Down 0.6%

August Prices Received Index Decreased 2.0 Percent The August Prices Received Index (Agricultural Production), at 93.4, decreased 2.0 percent from July 2017. At 87.5, the Crop Production Index increased 1.4 percent. The Livestock Production Index, at 98.5, decreased 5.3 percent. Producers received lower prices for broilers, cattle, hogs, and corn but higher prices for milk, apples, strawberries, and broccoli. Compared with a year earlier, the Prices Received Index is up 4.1 percent. The Crop Production Index increased 3.4 percent and the Livestock Production Index 4.9 percent from August 2016. In addition to prices, the indexes are influenced by the monthly mix of commodities producers marke

Ag groups support rescinding, re-proposing WOTUS rule

"Fresh start" on water rule using "approach that complies with past Supreme Court rulings" will be in agriculture industry's best interests. Earlier this year, the Environmental Protection Agency released a proposal that would eliminate the 2015 waters of the U.S. (WOTUS) rule and allow the agency to develop a rule that does not create a huge regulatory burden for agriculture. The public comment period deadline on the WOTUS rule closed on Sept. 27. The agricultural community widely supports rescinding the 2015 rule and encouraged EPA to re-propose a solution that offers greater clarity for farmers. In their comments, more than 100 agricultural organizations outlined support for the agency's

Tax Reform Framework - Beyond Lower Rates, Tax Plan Would Spark Immediate Expensing, Eliminate Estat

OMAHA (DTN) -- Groups such as the American Farm Bureau Federation were "encouraged" by the initial framework for tax reform put on the table Wednesday by Republican leaders in Congress. Zippy Duvall, president of the Farm Bureau, said tax reform is essential to helping farmers and ranchers facing financial challenges right now. "The tax-reform framework announced today is an important step toward a fair and equitable tax system that encourages success, savings, investment and entrepreneurship," Duvall said. "Farm Bureau is encouraged to see that this framework includes important principles such as lower tax rates for individuals who own businesses, elimination of the death tax and some busin

AFBF 2017 Fall Harvest Marketbasket Survey shows 3% increase

Latest survey was conducted in 25 states this month. American Farm Bureau Federation’s Fall Harvest Marketbasket Survey rose 3% from last year. The informal survey shows the total cost of 16 food items that can be used to prepare one or more meals was $51.13, up $1.43 from a year ago. Of the 16 items surveyed, 12 increased and four decreased in average price. Several foods showed significant retail price increases from a year ago, including bacon, chicken breast and orange juice, according to Dr. John Newton, AFBF’s director of market intelligence. “Bacon was up significantly because of the lower inventory and higher prices of pork bellies. We saw a rally in wholesale bacon prices this summe

USDA Weekly Crop Progress - Report Neutral Again for Corn, Soybeans, Wheat

OMAHA (DTN) -- Corn and soybean harvest and winter wheat planting all lagged the five-year average pace during the week ended Sept. 24, according to USDA's latest Crop Progress and Condition report issued Monday. USDA estimated that 51% of corn was mature as of Sunday, well behind the average of 64%. Eleven percent of corn was harvested, also behind the five-year average of 17%. Corn condition held steady at 61% good to excellent. That resulted in the DTN Crop Condition Index increasing 1 point from the previous week to 145 points this week, still well below the previous year's 178 points. "If considered at all, these numbers would be viewed as neutral," Newsom said. While soybeans dropping

U.S. organic sales jump 23 percent in 2016

California continues to lead the way in organic sales and number of organic farms and acreage nationwide. Milk topped the list of organic product sales in 2016, followed by eggs and broiler chickens. U.S. farmers and ranchers sold $7.6 billion in certified organic agricultural products in 2016, an increase of 23 percent from $6.2 billion a year earlier. Those sales came from an additional 1,399 certified farms, up 11 percent, and 657,547 more acres, up 15 percent, USDA National Agricultural Statistics Service reported Wednesday. Ten states accounted for 77 percent of the sales, and California continued to lead the way. The Golden State accounted for 38 percent of total U.S. sales at $2.9 bil

Northwest drought retreats; seasonal outlook turns colder, wetter

Storms turned back developing droughts in Washington and Oregon, and the seasonal forecast now leans toward a colder and wetter fall and early winter Oregon and Washington’s flash droughts are receding, and La Nina is shaping up in the Pacific Ocean, causing long-range forecasts for the Northwest to turn wetter and cooler, federal climatologists reported Thursday. Some 64 percent of Washington is in a drought, down from 78 percent the week before, according to the U.S. Drought Monitor. Oregon’s drought retreated to 28 percent of the state, down from 43 percent. An abrupt change in weather patterns stemmed droughts that had been spreading over both states in September. For example, Spokane, w

Forecasters raise odds of La Nina in winter 2017

There's a 62% chance La Nina will arrive between November and January. Higher U.S. natural gas prices, drought in Brazil and flooding rains in Australia’s coal-mining regions are all more likely after forecasters raised the odds of a weather-roiling La Nina forming this winter. There is now a 62% chance La Nina will arrive between November and January, up from 26% last month, the U.S. Climate Prediction Center said in statement Thursday. The shift prompted the center to issue a watch for La Nina, a cooling of Pacific Ocean surface temperatures that can trigger weather changes the world over. “This is our first watch of the year,” said Michelle L’Heureux, a forecaster at the center in College

USDA Weekly Crop Progress - Report Neutral for Corn, Beans, Wheat

OMAHA (DTN) -- Corn and soybean harvests lagged the five-year average pace, while conditions held pretty steady during the week ended Sept. 17, according to USDA's latest Crop Progress and Condition report issued Monday. USDA's National Ag Statistics Service estimated corn to be 86% dented, 34% mature, and 7% harvested. The 5-year averages are 90%, 47%, and 11% respectively. "The DTN Crop Condition Index was left unchanged at 144 points this week," said DTN Senior Analyst Darin Newsom, "still well below the previous year's 178 points. If considered at all, these numbers would be viewed as neutral." NASS estimated 41% of the soybean crop is dropping leaves and 4% harvested; the 5-year average

Ag barometer indicates a favorable outook

Purdue's ag barometer index points to a positive outlook for the ag industry. Do you agree? Several years ago, Purdue University, in cooperation with the CME Group, initiated a new monthly survey to assess relative conditions in the ag economy. The index is designed to assess both current conditions and future expectations among farmers / ranchers. The index is based on responses to five key questions: We are interested in how farmers are getting along financially. Would you say that your operation today is financially better off, worse off, or about the same compared to a year ago? Now, looking ahead, do you think that a year from now your operation will be better off financially, worse of

Agricultural conditions mixed in latest Beige Book

[if lte IE 9]> <link type="text/css" rel="stylesheet" href="http://www.westernfarmerstockman.com/sites/westernfarmerstockman.com/files/css/css_9wlfiD8oXTbaPtNZgtEQpGROzLEj2b7PKL2hqYQntyI.css" media="all" /> <![endif] HTML5 element support for IE6-8 [if lt IE 9]> <![endif] Residential and commercial construction increased, vehicle sales mixed. StartFragment Overall economic activity expanded at a modest to moderate pace across all 12 Federal Reserve Districts in July and August, according to The Beige Book released on Sept. 6. The Beige Book is a Federal Reserve System publication about current economic conditions in the 12 Federal Reserve Districts. The data in this issue was collec

Idaho farmers lead the West in per capita farm receipts

Idaho farmers generated far more farm cash receipts per Idahoan than any other Western state in 2016. Sean Ellis Capital Press BOISE — Idaho remained in the No. 3 spot among the 11 Western states for total farm gate receipts last year, behind California and Washington. But Idaho was unchallenged when it comes to farm cash receipts on a per capita basis, generating far more farm income per person than any other Western state. “It shows how much our economy depends on agriculture vs. surrounding states,” said University of Idaho Agricultural Economist Ben Eborn, who compiles the rankings annually. Eborn said the rankings are a way to show elected officials and other state leaders just how impo

USDA Weekly Crop Progress - Report Neutral to Bullish for Soybeans; Neutral for Corn, Wheat

OMAHA (DTN) -- Soybean conditions fell slightly from the previous week and the crop's progress fell behind the average pace, according to USDA's weekly Crop Progress report released Monday. USDA said 22% of soybeans were dropping leaves, as of Sunday, Sept. 10, down from 24% a year ago and below the five-year average of 25%. Sixty percent of the soybean crop was rated in good-to-excellent condition, down 1 percentage point from 61% the previous week. That resulted in a DTN Soybean Condition Index of 144, which was down 3 points from the previous week. The index is down from 175 a year ago and is lower than the past three years. "Monday's report was neutral to bullish for soybeans," said DTN

USDA Weekly Crop Progress - Continued Slower-than-Normal Progress, Lower Rating Seen as Slightly Bul

OMAHA (DTN) -- Corn condition continued to lag behind the average pace, and the condition of the crop fell slightly from the previous week, according to USDA's weekly Crop Progress report released Tuesday. The report was delayed a day due to the Labor Day holiday on Monday. In this week's report, USDA estimated that 92% of corn had reached the dough stage as of Sunday, down from 95% a year ago, and down from the five-year average of 94%. Sixty percent of corn was dented, down from 74% a year ago and down from the five-year average of 68% dented. Twelve percent of corn was considered mature, down from 17% a year ago and down from the five-year average of 18% mature. Corn condition also droppe

Ag Confidence Index - DTN/PF Survey Reveals Shine Coming Off Farmer Optimism

OMAHA (DTN) -- The optimism that farmers and others in rural America appeared to carry from the 2016 presidential election appears to be waning, according to the most recent DTN/The Progressive Farmer Agricultural Confidence Index. The overall producer Confidence Index for August fell more than 26 points, to a moderate 104.3, compared to results of the survey in March. While still much above the 71.9 index in August of 2016, it's a sign the so-called "Trump Bump" is flattening. Since 2010, DTN/The Progressive Farmer has surveyed farmers three times a year to determine their opinions about their current economic situation and about that situation in the year to come. From those 500 responses,

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