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| Crops 2011 in forum [SoftCommodities]
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Goodlander
Posts: 1354
Incept: 2007-10-02
winnipeg
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correction to above post: I just got off the phone with someone who will be on the land inside a week and a half. very well drained land with 80 feet per mile of elevation drop. they are still the exception though, some are saying no crop at all this year.
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Always drink upstream from the herd.
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Goodlander
Posts: 1354
Incept: 2007-10-02
winnipeg
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some serious wet here. Highway map with closures due to flooding.
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Always drink upstream from the herd.
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Asimov
Posts: 104042
Incept: 2007-08-26
East Tennessee Eastern Time
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Wow. Bad feeling about this year.
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It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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Livermore
Posts: 2452
Incept: 2007-10-22
In a hole?? Quit digging.
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Will there be enough grain for the world? The next five years are going to be interesting and beating the hell out of the dollar right now is not good for any of us here.
Planting numbers are still way behind and some substitutions may occur. Now what about the stuff that gets substituted out?
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There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!--- Jesse Livermore, 1923
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Particenens
Posts: 9669
Incept: 2008-01-16
Peak Bund
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MGEX Research RSS By: Joe Victor, AgWeb.com Joe Victor is a Business Development Specialist with Minneapolis Grain Exchange, Inc., where he monitors cash grain activity and cash grain opportunities. He provides marketing advice through this blog. 12.5 Percent of the Time May 06, 2011 Current good to excellent winter wheat conditions are very weak. Of the 32 years of USDA available reported data, MGEX has identified four years, or 12.5 percent, when the good to excellent winter wheat conditions have been as weak as they currently are. Early May 2011 winter wheat conditions are 34 percent good to excellent. The four years which nearly matched present conditions were 1989, 1996, 2002 and 2006. Despite the weak conditions, yield and price did not decrease by the time the January Annual report was released. Two of the four weak condition years experienced decreases in yield of good to excellent winter wheat from early May to mid-summer. During this decline, prices increased from early May to the last day of January. When the good to excellent conditions of winter wheat increased, yields increased and ultimately prices declined.  One business day before USDA released the present winter wheat conditions, the March 2012 closing futures price for Hard Red Winter Wheat (HRWW) was $9.576 per bushel and Soft Red Winter Wheat (SRWW) was priced at $9.19. This may suggest if good to excellent conditions erode, the late January closing price for HRWW March futures may be in a high range of $10.236-$12.01 and a low range of $4.446-$8.86. SRWW may discover a high range of $9.824-$11.52 and a low range of $4.646-$8.34 per bushel. The odds of a decrease or increase in good to excellent conditions in the HRWW growing region are 50/50. If dry weather persists in the one to three day forecast, HRWW yeilds are likely to decrease while prices are likely to increase. MGEX will monitor Hard Red Spring Wheat conditions when data becomes available. MGEX welcomes your questions.........Joe Victor www.mgex.com 800.827.4746 Information used to compile this update is from publicly available sources. Nothing contained herein should be construed as a trading recommendation of MGEX, its employee or its members. For informational purposes only. http://www.agweb.com/blog/mgex_research/
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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
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Bsaxberg
Posts: 169
Incept: 2009-07-04
North Dakota
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Anecdotal here but in Eastern ND we are still battling major water issues (look out Goodlander more coming your way). Average plant date in my county was April 20. We are now within 7 to 10 days of not being able to get the corn crop in the ground with optimal performance. The longer they wait the lower the yield typically. My boss who runs about 110 quarters of land typically plants 8-10k acres of corn. I know he is going to try that again this year but I'm afraid we are too wet and he won't make it to all the fields he wants. There will be something planted if corn doesn't make it. I would wager soy beans but possibly sunflowers too. I just got my garden spots tilled yesterday and the raised beds had some planting done Saturday. So spring came very late.
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Goodlander
Posts: 1354
Incept: 2007-10-02
winnipeg
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substituting 140+ bu/ac corn with 40 bu/ac wheat (or really anything else) does not = positive calorie counts.
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Always drink upstream from the herd.
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Colk55
Posts: 2425
Incept: 2010-02-11
Indiana
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Bsaxberg, I've heard the same thing about Iowa. They're not pushing the panic button yet but they are starting to worry about their yields if they can't get things going. Also, we've got farms to the south and southeast of us here in Indiana and they haven't even disked the fields yet. Late April: Quote:Only three percent of Iowa’s corn acreage has been planted, according to the Iowa Crops and Weather Report released Monday by the USDA National Agricultural Statistical Services (NASS).
Last year at the same time, 61 percent of the corn crop had been planted. The five-year average is 28 percent.
The report from NASS said that wet and cold conditions suspended field work last week and that a few producers are concerned about having to re-plant fields if corn does not germinate and develop.
Only one-half day last week was suitable for field work, according to the report. http://southwestiowanews.com/articles/20....Last week: Quote:As of Monday, 8 percent of Iowa’s corn acreage had been planted, which compares with 82 percent a year ago and the five-year average of 48 percent, according to the weekly crop report issued by the Iowa Department of Agriculture and Land Stewardship.
Dan Gaffney, who started planting his 52nd corn crop Sunday on his farm near Lamont, said he was surprised how much the soil dried out over the weekend. “Lots of wind and a little sun on Sunday really helped,” he said.
Until planters started rolling this week, farmers were “starting to get a little worried,” said Jim Fawcett, an ISU Extension field agronomist based in Iowa City.
Their big concern, he said, is the loss of yield potential, which begins to decline dramatically after May 20.
After that date, the average yield loss is about 10 percent, said Fawcett. “By the end of May, the average loss can be as much as 30 percent,” he said.
With corn prices at record levels, farmers are even more reluctant than usual to suffer yield losses, said Iowa Agriculture Secretary Bill Northey, who, like most Iowa farmers, just started planting corn this week.
“I’m not nervous, not yet,” said Mark Recker, 41, who until the weekend had yet to plant any of the 1,400 acres he farms near Arlington in Fayette County.
Last year, which was characterized by optimum planting conditions after mid-April, Recker started planting corn on April 20 — his earliest corn planting date since he started farming in 1994.
“This year, it just feels like you’re only going to get short windows, so you’d better be ready,” he said. http://thegazette.com/2011/05/05/it%E2%8....
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The politician's motto: If you can't dazzle them with brilliance, baffle them with bull****.
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Mo
Posts: 12158
Incept: 2007-06-26
Pa.
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Grain Crop Weather Damage Growing on Europe Drought, Canada Rain By Whitney McFerron and Elizabeth Campbell - May 10, 2011 Quote:Less than a year after the worst drought in a generation destroyed one-third of Russia’s wheat crop and sent global food prices surging, more adverse weather is damaging fields from North America to Europe to Asia.
Corn planting in the U.S., the world’s largest grower, is advancing at half of last year’s pace because of excess rain, government data show. The Canadian Wheat Board said fields are so muddy that only 3 percent of grain has been sown, compared with 40 percent normally. At the same time, drought left the Kansas wheat crop in the worst shape since 1996, and dry spells are threatening crops in France, Western Australia and China.
While the growing season is still early in the Northern Hemisphere, corn futures as much as doubled in the past year as U.S. stockpiles headed for a 15-year low, and wheat is up 55 percent from a year earlier. The United Nations says global food costs advanced in April for the ninth time in 10 months, and higher commodity expenses led food makers including General Mills Inc. and McDonald’s Corp. to boost prices to consumers.
“We needed everything to go perfectly, but there’s really a lot of potential for problems, based on these weather issues,” said Sterling Liddell, a vice president for food and agribusiness research at Rabo AgriFinance in St. Louis, who expects corn to reach a record $8 a bushel if conditions worsen. “It could be a very explosive situation, because we’re already so tight.”
Reduced Inventory In a report tomorrow, the U.S. Department of Agriculture probably will cut its forecast of global corn reserves before this year’s Northern Hemisphere harvest to 122.5 million metric tons, the lowest in four years, according to a Bloomberg News survey of 14 analysts. The U.S. is the world’s biggest exporter of corn, soybeans, wheat and cotton.
While the survey showed corn inventories probably will rebound to 125.4 million tons next year, as higher prices spur farmers to plant more, some analysts expected further declines before the 2012 harvest.
Weather, especially in the U.S., may be the “swing factor” for rebuilding global grain inventories, said Dan Manternach, a wheat economist with Doane Advisory Services, an agricultural research company in St. Louis.
“Things are so tight, if Mother Nature so much as hiccups on adverse weather, it can be unusually bullish for commodities,” Manternach said... Quote:Dry weather in France and Germany and the U.K.’s hottest April in at least 352 years are threatening crops across the European Union, producer of one-fifth of the world’s wheat.
“We’re definitely going to be producing less grain than we can consume,” said Andrew Dewing, the owner of Dewing Grain in Aylsham, England. “That doesn’t bode well for next year.”
Parts of Western Australia have had the lowest rainfall on record for the past 16 months, according to the country’s Bureau of Meteorology. The government in Manitoba, Canada, has declared a state of emergency because of floods. Wheat output in China, the world’s biggest consumer, may decline for a second straight year because of dry conditions, Tommy Xiao, an analyst at Shanghai JC. Intelligence Co., said on May 5.
China Drought Drought conditions may persist in wheat-growing areas from China, the world’s largest grower and consumer, to the U.S. and Western Europe, hurting crops and lifting prices, British Weather Services said on May 6. More: http://www.bloomberg.com/news/2011-05-10....
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Welcome to Pottersville
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Dbcooper
Posts: 7729
Incept: 2009-05-12
PNW
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"The rules were simple: Never pay in cash, never tell the truth and never play by the rules"
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Bsaxberg
Posts: 169
Incept: 2009-07-04
North Dakota
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Another Anecdotal update.
Where it is dry we are going like gangbusters. Some places are still a bit sticky but if the weather holds this week we might see a lot of the ground planted and stress levels come down.
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Goodlander
Posts: 1354
Incept: 2007-10-02
winnipeg
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Always drink upstream from the herd.
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Goforbroke
Posts: 5347
Incept: 2007-11-30
Just call me 'Comrade'
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Ohio ... virtually zero corn planted. Farmers starting to get worried. They had to call out some crop dusters to spread something to kill the fungus now attacking their winter wheat and alfalfa. They just can't get on their fields, and with the weather, probably won't be able to do so for another week.
Even my husband, who thinks I'm an alarmist, is agreeing it's going to have a big impact.
Anectodally, my garden sucks the big one. Have planted potatoes once, dug them up (rotten potatoes smell something bigtime), planted a new batch, which will need to be dug up and replanted. Tomatoes? Maybe half will survive the wet conditions. Broccoli, cabbage, cauliflower? I can't even find my seedlings.
:-(
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We have met the enemy and it is us. -- Pogo
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Particenens
Posts: 9669
Incept: 2008-01-16
Peak Bund
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If the "death line" is june 5th and assuming a 6%to9% sowing a day I see not a major problem to got last year figures, if do not rain half of the remaning days. 7days precipitation forecast http://www.hpc.ncep.noaa.gov/medr/poploo....quality and france drought is another problem, but I'll be very carfully "without eyes direct on the fields" taking long positions on derivatives, especially on wheat For what I know big players are now waiting and are not sellers in the pysical market, but things changing fast.... http://www.sfgate.com/cgi-bin/article.cg....Next Few Days Crucial for Corn Choices, DuPont's Schickler Say May 23 (Bloomberg) -- U.S. corn farmers who have yet to plant their crop have only a few days left before they may need to switch to lower-yielding seeds or soybeans, according to Paul Schickler, the president of DuPont's Pioneer Hi-Bred unit. "We've got to get some progress in corn planting before we get farmers switching to earlier maturity seeds with lower yields," Schickler said today in an interview in Washington. Wilmington, Delaware-based DuPont is the world's second-biggest seed seller, after Monsanto Co. About 79 percent of the U.S. crop, the world's biggest, was planted as of yesterday, the Department of Agriculture said today in a report. That compares with 92 percent a year earlier and the previous five-year average of 87 percent. Wet weather has delayed fieldwork in many areas, leaving the planting of corn, soybeans, spring wheat and cotton behind the pace of recent years. Farmers try to plant corn before mid-May in most areas so that the crop can enter its reproductive stage before the hottest days of summer. Soybeans can be planted later than corn with less threat of reduced yields. Many growing areas east of the Mississippi River, as well as sections of Missouri, Arkansas and North Dakota, received twice the normal amount of rainfall in the past 30 days, according to the National Weather Service. Flooding also inundated farms along the Mississippi River and its tributaries, leaving fields too muddy to support equipment. Schickler also said seed discounting across the industry may be less this year than in the past. --Editors: Daniel Enoch, Patrick McKiernan
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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
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Goforbroke
Posts: 5347
Incept: 2007-11-30
Just call me 'Comrade'
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http://www.dispatch.com/live/content/bus....Quote:As of May 15, only 7 percent of Ohio's corn crop had been planted, the USDA said.
That's 76 percentage points behind last year, and 63 points behind the five-year average, said Peter Thomison, Ohio State University Extension corn specialist.
He echoed Yoder's estimate of yield losses if planting takes place after the first week of May, based on the shorter growing season, threat of disease, insect pressure and the potential of drought later in the growing season. That increases to two bushels per acre per day by the end of May.
"It's staggering," Thomison said. "Farmers have to make very tough decisions.
"This is a critical week" for growers." Weather for central Ohio ... Rained (morning and then thunderstorm in evening) yesterday. 30% chance of rain today 80% chance of rain tomorrow 70% chance of rain Thursday 60% chance of rain Friday 40% chance of rain Saturday 30% chance of rain Sunday
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We have met the enemy and it is us. -- Pogo
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Mrbill
Posts: 7857
Incept: 2008-10-19
North Carolina
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Goodlander, you mentioned that the last 100 years have been historically very stable, can you post some info about that so I can read up?
I think the "climate change" discussion is coming up again, especially with me mocking friends that think it caused the US tornadoes this week.
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Tesla
Posts: 15542
Incept: 2008-04-03
State of Disbelief
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Climate can and does change thru recorded history; your "friends" just want to blame it on man instead of the sun. We should all understand that climate will always change; what causes it is where the dissention arises.
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"Even a dog knows the difference between being stumbled over and being kicked." -Justice Oliver Wendell Holmes
"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." -Samuel Adams
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Goforbroke
Posts: 5347
Incept: 2007-11-30
Just call me 'Comrade'
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Quote:Weather for central Ohio ...
Rained (morning and then thunderstorm in evening) yesterday.
30% chance of rain today 80% chance of rain tomorrow 70% chance of rain Thursday 60% chance of rain Friday 40% chance of rain Saturday 30% chance of rain Sunday 30% chance of rain today ... It rained. 80% chance of rain tomorrow ... Rained during the day, and two HUGE thunderstorms overnight. 70% chance of rain Thursday ... Two HUGE thunderstorms today (so far), with more expected this evening. The fields are absolutely flooded, and there's nowhere for it to go. I don't know what's causing it, but it couldn't come at a worse time.
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We have met the enemy and it is us. -- Pogo
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Mo
Posts: 12158
Incept: 2007-06-26
Pa.
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Welcome to Pottersville
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Goforbroke
Posts: 5347
Incept: 2007-11-30
Just call me 'Comrade'
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Farmers will be glad to hear that.
Maybe I'll plant my potatoes for the THIRD time.
I just started new tomato, broccoli, cabbage, cauliflower seeds in the greenhouse today given that virtually all of my 200+ plants are drowned. So late, but no choice.
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We have met the enemy and it is us. -- Pogo
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Goodlander
Posts: 1354
Incept: 2007-10-02
winnipeg
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Mrbill: I read a book (more like a report than a book) about this many years ago and damned if I can remember the name of it. I will email someone I know that would be able to tell me what it was. Also is a major theme that Dr Tim Ball has been talking about since the first time I heard him speak 25 years ago.
Some seeding going on up here, was out in the country today, some tractors running in heavily drained land. Had a nasty killing frost in a big swath up here last night (-4c) that will not help anything that is out of the ground now. Not sure if the frost extended to Bsaxberg's area or not.
Good luck to everyone out in the fields now, be safe.
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Always drink upstream from the herd.
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Bsaxberg
Posts: 169
Incept: 2009-07-04
North Dakota
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The frost was sporadic the other night. My garden survived. I dont think the farmers here had anything up yet, still fighting water and such to even get the seed in the ground. I only have one relative that was mostly done and that was because he didn't have that much to put in and his land is drained well. We are expecting a chance of rain again for the next week. If you didn't get planted before today it might take a while again. I dont know if this means a rotate out of corn into beans or what at this point. Temps look good for the next week. The guys that got planted will be happy (so long as we dont get a monsoon). The ones that didn't not so much.
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Particenens
Posts: 9669
Incept: 2008-01-16
Peak Bund
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A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain
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Goforbroke
Posts: 5347
Incept: 2007-11-30
Just call me 'Comrade'
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http://www.marionstar.com/article/201105....Quote:Hope for a successful corn crop in Ohio is dwindling with every passing rainy day.
As of Sunday, Ohio farmers had 11 percent of planned corn crops in the ground. They had 87 percent at this time last year, according to the U.S. Department of Agriculture. Two percent have emerged, compared with 72 percent last year.
The 2006 to 2010 average amount of crops is 80 percent planted by May 22, and 58 percent emerged.
Ideally, corn crops should be planted by May 15, said Jack Fisher, president of the Ohio Farm Bureau. Farmers will plant up until June 5, but as the days go by, the yield from them gets lower.
Late-planted corn also is more sensitive to drought stress, more prone to disease and insect problems and more likely to not be mature by the first frost, according to a newsletter from The Ohio State University Extension.
Mike Gallagher, a meteorologist with the National Weather Service office in Wilmington, said the next 10 days will continue to be rainy, possibly with one or two dry days.
Fisher said it takes five or six dry days in a row for optimal planting. "Farmers are all prepared, if we get the dry weather they can catch up fairly quickly," he said.
With crop failure comes economic repercussions.
"The global demand for corn is at an unprecedented level, and the U.S. is the leading supplier of corn," said Anthony Bush, a Morrow County corn, soybean and wheat farmer. "If the corn crop is down, that means higher prices for feed, which translates into higher prices at the market."
If Ohio crops fail, the national markets will take a hit - but that will be mitigated by strong crop production in Iowa and Nebraska, said Jack Fisher, president of the Ohio Farm Bureau. The weather also has been unfavorable for crops in Indiana, Kentucky and West Virginia, Fisher said.
It would still mean higher costs for Ohio companies who use the product for corn or ethanol. They will have to ship it in, said Natalie Lehner, a spokeswoman for the Ohio Corn and Wheat Growers Association, resulting in higher costs.
"When it's in less of a supply the price goes up. If you can't get it locally you have to pay to bring it in by rail," Lehner said.
Lehner said those who can't produce corn will turn to soybeans, and may also have to use their crop insurance to recoup losses.
Bush said it has been a challenging spring. He started planting two weeks ago, and had four dry days to work in the fields. He got his last seeds in Sunday.
Bush sits on the board of the Ohio Corn and Wheat Growers Association, and said some other members have not been as lucky - some have no corn planted, he said.
The farmers will survive, Bush said. Most plan for bad crop seasons and have a risk management plan in place.
"Farmers are very resilient," Bush said. "They deal with the weather every day. No one is more optimistic than the farmer - it could always be worse."
Jessica Alaimo: 740-328-8576 or jalaimo@centralohio.com
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We have met the enemy and it is us. -- Pogo
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Mo
Posts: 12158
Incept: 2007-06-26
Pa.
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Millions face food poverty as northern Europe is hit by worst drought in 35 years Adam Sage From: The Times May 30, 2011 10:33AM Quote:...With Northern Europe facing its worst drought since 1976, politicians in the West are expecting protests from farmers, consumer discontent and a strain on budgets.
Third World nations are braced for riots as Europe's heat wave creates a rise in food prices and drives millions deeper into poverty.
"We are in a situation of crisis and of crisis management," said Nathalie Kosciusko-Morizet, the French Ecology Minister.
Meteorologists say that Northern Europe has had 50 per cent less rain than normal over the past two months, while temperatures have been 4C higher than usual... More: http://www.theaustralian.com.au/news/wor....
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Welcome to Pottersville
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