By a wide margin, soybeans are the most valuable U.S. farm export, accounting for 18¢ of every $1 in sales during calendar 2020, said the USDA’s Foreign Agricultural Service on Wednesday. Corn, the country’s most widely grown crop, was second in export value to soybeans, which were worth a record $25.7 billion compared with $9.2 billion for corn.
Read MoreUSDA on Friday lowered corn ending stocks for the 2020-21 by 150 million bushels (mb) to 1.352 billion bushels (bb) but held pat with soybean ending stocks at 120 mb.
USDA raised corn use for feed, seed and industrial use, as well as exports to drop the ending stocks for the crop.
Read MoreAny change in capital gains tax policy that eliminates or scales back stepped-up basis could result in a massive tax burden on the agricultural sector according to new analysis by the American Soybean Association and the American Farm Bureau Federation.
To minimize the impact of burdensome capital gains taxes, farmers and ranchers use stepped-up basis, which provides a reset for the asset value basis during intergenerational transfers. The magnitude of the tax burden that would be felt if basis is taken away or reduced would likely significantly exceed the annual income generated by the assets, something that has soy and other American farmers concerned.
Read MoreLouisiana Prospective Plantings Report, March, 2021
Read MoreTo understand the weather challenges of growing crops in the Blacklands of North Carolina, the story of both a hurricane and tornado that did in the grain facility of Green Valley Farms near Columbia in Tyrell County fits the bill perfectly.
Read MoreWet weather has stopped Louisiana farmers from finishing this year’s corn planting, but not before they got the majority of the crop in the ground. LSU AgCenter reporter Craig Gautreaux has this report from northeast Louisiana.
Read MoreAs the acreage battle continues to play out, a Pro Farmer member survey shows better commodity prices are attracting more acres this year.
The Pro Farmer/Doane survey revealed farmers plan to plant more acres, with total area planted to crops in the U.S. expected to rise to 319.4 million acres. That would be up nearly 3%, or 8.9 million acres, from 2020. If the survey findings hold true, it also means U.S. acreage will hit the highest level since 2018.
Read MoreSpring planting is underway in parts of the country. As farmers gear up their planters, we are bringing you updates from the field.
Louisiana farmer Drew Keahey spoke with RFD-TV's own Janet Adkison on his operation, planting status and current conditions, and any possible hurdles that might await him.
Read MoreNitrogen is the most yield limiting nutrient for corn production. Corn requires nitrogen for amino acids, protein, and chlorophyll production. Chlorophyll is the key component for photosynthesis. Insufficient chlorophyll content results in reduced yield potential.
Read MoreFarmers in southern states are starting to plant their crops. Texas farmers have about a quarter of their 2021 corn crop planted while farmers in Louisiana have 14% of their corn in—both states showing about average progress. There are also reports that some of the spring wheat crop is being planted in North Dakota.
Read MoreChina, the biggest corn consumer after the U.S., is still short of the feed grain, and more overseas purchases are likely.
Asia’s top economy has to nourish the world’s largest hog herds and supply a growing local refining industry, which produces everything from sweeteners to starches and alcohol. The increased demand this year and in future years comes as the country grapples with limited amounts of productive farmland.
Read Morehttps://www.farmprogress.com/corn/6-common-yield-limiting-factors-corn
Read MoreAll graders working at grain elevators in Louisiana will be tested and certified for the 2021 harvest season following an announcement from the Louisiana Department of Agriculture and Forestry (LDAF).
Those graders will be trained, tested and certified by LDAF to uphold the standards set through the U.S. Grain Standards Act. The goal is to provide consistent and professional grain inspection and weighing services for producers, handlers processors, exporters, importers and end-users.
Read MoreThe National Corn Growers Association named Donald Schexnayder of Port Allen third in the state in the National Corn Yield Contest with more than 233 bushels produced per acre.
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