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22% of Corn, 26% of Soybeans Harvested; Little Change in Crop Conditions

October 16, 2019 | Posted in Commodities

As of Oct. 13, 22% of corn acres were in the bin, along with 26% of soybeans, according to USDA’s latest Crop Progress report. Condition of the crops moving to the harvest season remained essentially unchanged from the past several weeks.

USDA to Invest $152 Million in Broadband Service for Ag

October 10, 2019 | Posted in Technology

Source: USDA

USDA deputy under secretary for rural development Donald LaVoy announced this week that USDA is investing $152 million in 20 projects to provide or improve rural broadband service in 14 states.

Crop Progress Remains Behind Schedule, Small Decline in Crop Conditions

October 8, 2019 | Posted in Commodities

Following the Oct. 7, 2019, USDA Crop Progress report, crops still remains significantly behind schedule. Additionally, corn and soybean saw some small decreases in their reported “good” and “excellent” crop conditions.

USDA Kansas City Relocation Sees Just 61 Employees Move from D.C.

October 7, 2019 | Posted in Business in General

Source: KSHB

In a recent report from KSHB, 16 employees of the USDA’s Economic Research Service (ERS) and 45 employees from the National Institute of Food and Agriculture (NIFA) had completed the move to Kansas City.

Corn and Soybean Progress Remains Behind 5 Year Average

October 1, 2019 | Posted in Commodities

According to the USDA’s Sept. 30 Crop Progress report, the same story prevails as has been seen all season: corn and soybean progress remains well behind the average numbers and has a lot of catching up to do before harvest.

Corn Harvest Underway, But Only 29% ‘Mature;’ Soybeans Still Looking to Catch Up

September 24, 2019 | Posted in Commodities

According to USDA’s Sept. 23 Crop Progress report, 7% of corn has been harvested, but few growers in the big corn states have taken their combines out the shed. Meanwhile, soybeans still have a lot of catching up to do. Overall, the condition of both crops is little changed from the past few weeks.

Corn, Soybean Crop Progress Remains Behind Schedule

September 17, 2019 | Posted in Commodities

Corn in the dough stage improved from last week’s rate of 89% to 93% as of Sept. 15. This still remains behind the corn in the dough stage percentage from Sept. 15, 2018 of 99% and the 5 year average of 98%.

Home Stretch for 2019 Corn & Soybeans Not Yet in Sight

September 10, 2019 | Posted in Commodities

The home stretch of this year’s U.S. corn and soybean crops is still a ways off, unlike recent years when, by this date, farmers would be preparing their combines for harvest.

Corn, Soybean Maturity Continues to Lag

September 4, 2019 | Posted in Commodities

While corn in the dough stage improved from 71% a week ago to 81% as of Sept. 1, the crop continues to trail last year’s development for this date, which was 95%, as well as the 5 year average of 93%. Corn dented is even further behind, with only 41% of this year’s crop at this stage vs. 73% last year on this date and 5 year average of 63%.

Net Farm Income Projected to Increase 4.8% in 2019

September 4, 2019 | Posted in Data & Trends

Source: USDA

According to the USDA’s August 2019 Farm Income Forecast, released Aug. 30, net farm income is forecast to see a $4 billion increase or a 4.8% improvement in 2019, following increases in both 2017 and 2018. Adjusted for inflation, that amounts to $2.5 billion or 2.9%.

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