Rushville Republican

Agriculture

September 27, 2013

Ag economist: 2013 a transition year for grain farmers

WEST LAFAYETTE - Changes in the economics of grain production after drought led to record-high farm incomes in 2012 could mean a shift in the demand for and prices of agricultural inputs for the 2014 crop, a Purdue Extension agricultural economist says.

The 2012 drought-ravaged crop left short supplies and high demand, with farmers receiving high prices for the grain they were able to produce and high insurance indemnities on covered crops that were destroyed. High grain-farm incomes capped a series of years with abnormally high grain prices. But with some drought relief in major corn- and soybean-production states leading to expected higher yields and lower commodity prices, grain farmers can expect to see changes in what they pay for inputs, such as seed, fertilizers, fuels and chemicals, for the 2014 crop.

An apparent shift in market demand for corn and soybeans also could play a major role in what it will cost growers to produce the next crop, Alan Miller said.

“The markets are currently saying they want more soybeans and less corn in 2014, which changes the demand for inputs,” he said. “For example, growers don’t need as much nitrogen fertilizer if they are growing less corn. That ultimately will affect the prices of inputs.”

The big story in 2014 crop production costs, Miller said, is fertilizer prices. Potash and phosphate prices have been declining since the fall of 2012 and are down 15-17 percent since last spring. Nitrogen prices peaked last spring and have dropped about 22 percent this fall. Farmers’ ability to apply fertilizer this fall will help determine what prices will look like for next spring.

“If weather or a late harvest were to keep farmers from applying fertilizers this fall, it could drive fertilizer prices down for the spring,” he said. “Normally, fertilizer prices hit bottom in the early fall, but we will have to wait and see is if the market is weak enough to sustain the drop into the spring.”

Text Only
Agriculture
  • Farmer ships Vidalia onions ahead of start date SAVANNAH, Ga. (AP) - A major grower of Georgia's famous Vidalia onions said Wednesday he had begun shipping his crop early to supermarkets in defiance of the state agriculture commissioner, who has warned that a new regulation prohibits farmers from

    April 18, 2014

  • Hurt: WASDE report eases fear of low crop prices WEST LAFAYETTE - The U.S. Department of Agriculture's April 9 World Agricultural Supply and Demand Estimates continued a series of recent reports that have offered corn and soybean producers a more optimistic grain-price outlook than what was expecte

    April 18, 2014

  • Seminar to discuss quality forages, quality meat for producers WEST LAFAYETTE - Forage and livestock producers who want to learn about the role forage quality plays in meat quality can attend the Indiana Forage Council seminar. This year's seminar, Quality Forage-Quality Meat, will be held in conjunction with th

    April 11, 2014

  • Purdue Agriculture and Extension events Here is a look at current and upcoming events for Purdue Agriculture and Extension. APRIL 9-16: HARDWOOD LUMBER WORKSHOP The Purdue University Department of Forestry and Natural Resources is offering a workshop for those interested in the hardwood in

    April 11, 2014

  • Ag economist: Baby pig losses greatest in winter months WEST LAFAYETTE -- The impact of the PED virus in swine was felt most strongly during the unusually harsh winter months of December through February, Purdue University agricultural economist Chris Hurt said Monday. He said this means the losses of bab

    April 4, 2014

  • Study reveals farmers' buying preferences, concerns WEST LAFAYETTE -- Agribusiness leaders nationwide can use results from a new Purdue University study to help them become more successful by understanding their farmer customers better. The Large Commercial Producer Survey, conducted every five years

    April 4, 2014

  • USDA extends Milk Income Loss Contract program for 2014 WASHINGTON -- U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Administrator Juan M. Garcia today announced the extension of the Milk Income Loss Contract (MILC) program. The extended MILC protects dairy farmers enrolled in the program

    April 4, 2014

  • U.S., South American soybean farmers unite in China ST. LOUIS - Farmers representing countries that produce 90 percent of the world's soybeans recently met with the customers who buy 25 percent of the world's soybeans. As part of the International Soy Growers Alliance (ISGA), leaders from the soy chec

    April 4, 2014

  • Wheat producers need to inspect crop as it breaks dormancy WEST LAFAYETTE - One of Indiana's coldest, snowiest winters in recent history could have damaged some of the state's winter wheat crop - a fact that necessitates field scouting, a Purdue Extension agronomist says. While snow cover insulates winter wh

    March 28, 2014

  • Home gardeners: 'Don't be fooled' by spotty nice weather WEST LAFAYETTE - Planting a home garden at the first sign of spring weather might cause big problems later, especially when more freeze days are likely ahead, a Purdue Extension horticulture specialist says. "Don't be fooled by the odd warm day we wi

    March 28, 2014

Featured Ads
AP Video
SKorea Ferry Toll Hits 156, Search Gets Tougher Video Shows Possible Syrian Gas Attack Cubs Superfans Celebrate Wrigley's 100th Raw: Cattle Truck Overturns in Texas Admirers Flock to Dole During Kansas Homecoming Raw: Erupting Volcanoes in Guatemala and Peru Alibaba IPO Could Be Largest Ever for Tech Firm FBI Joining Probe of Suburban NY 'Swatting' Call U.S. Paratroopers in Poland, Amid Ukraine Crisis US Reviews Clemency for Certain Inmates Raw: Violence Erupts in Rio Near Olympic Venue Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' S.C. Man Apologizes for Naked Walk in Wal-Mart Chief Mate: Crew Told to Escape After Passengers
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.