Timing, price awareness critical to marketing 2017 grain crop
Princeton, Ky., (Oct. 27, 2017) – Grain markets this fall are suggesting producers should store their corn and soybeans. The question is whether storage is going to pay off.
“As fall progresses, producers need to know their break-even price, have patience and watch the local markets for advantageous situations to sell stored grain,” said Todd Davis, agricultural economist for the University of Kentucky College of Agriculture, Food and Environment.
The basis for both corn and soybeans, which is the current cash price for the crop at Kentucky grain elevators minus the closest futures contract price, are significantly wider than they have been in the past 10 years. Click here to read more.
Kentucky soybean producers needed for UK studies
Lexington, Ky., – By Katie Pratt
A University of Kentucky postdoctoral scholar needs Kentucky soybean growers’ help with two new research projects. The projects are led by Jerrod Penn, postdoctoral scholar in the Department of Agricultural Economics, and investigate issues in row crops such as field management, insects and weed control.
The first project is a brief survey designed to help researchers understand growers’ field management practices. This survey may help direct future research efforts at UK. Click here for the rest of the story.
Dairy Producers Can Enroll for 2018 Coverage
Secretary Allows Producers to Opt Out
WASHINGTON, Aug. 31, 2017 — The U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) today announced that starting Sept. 1, 2017, dairy producers can enroll for 2018 coverage in the Margin Protection Program (MPP-Dairy). Secretary Sonny Perdue has utilized additional flexibility this year by providing dairy producers the option of opting out of the program for 2018.
“Secretary Perdue is using his authority to allow producers to withdraw from the MPP Dairy Program and not pay the annual administrative fee for 2018,” said Acting Deputy Under Secretary for Farm Production and Conservation Rob Johansson. “The decision is in response to requests by the dairy industry and a number of MPP-Dairy program participants.” Click here for the rest of the story.
Beef cattle markets stabilizing but still below 2016 levels
LEXINGTON, Ky.- Most beef cattle-producing states have been able to escape drought conditions so far this year and Kentucky producers enjoyed significant rainfall in early July that put them in a good position this summer. Still, weather aside, Cattle prices have improved from recent declines but remain lower than this time last year.
“The downward trend for CME Feeder Cattle Futures continued for much of the past month, although at a somewhat slower pace,” said Kenny Burdine, livestock marketing specialist for the University of Kentucky College of Agriculture, Food and Environment. “However, recently, they have actually pulled back very close to where they were a month ago with the CME August through November Feeder Cattle Futures contracts in the low-to-mid $150’s.” Click here for the rest of the story.
Feed high-quality forage to boost animal performance
The ultimate test of forage quality is animal performance. Producing high quality forages is vital to improved animal performance, whether your goal is more pounds of milk, a higher rate of gain, increased wool production or an improved conception rate. Click here for more information.
State veterinarian reminds Kentucky producers new medicated feed rule takes effect Jan. 1
Producers will be permitted to administer certain medications in feed only under a vet’s supervision
FRANKFORT (December 14, 2016) – State Veterinarian Robert C. Stout reminds Kentucky livestock producers that, beginning January 1, certain medications in animal feed may be administered only under the supervision of a veterinarian. Click here for more information.
UK offers tips on using alternative grain storage
PRINCETON, Ky., (Sept. 26, 2016) – Low grain prices and predictions of record corn and soybean crops in Kentucky have many farmers looking at storage options this year. Some have added grain bins to their existing system in recent years, while others are looking at alternative storage, such as farm shops, covered outdoor piles, grain bags or other structures. Click here for complete article.
Chinese Buyers Commit to Buy Nearly 1.8 Billion Dollars of U.S. Soy at 2016 U.S. Soy Global Trade Exchange
Agreement shows U.S. farmers continue to produce high-quality, sustainable soybeans. Click here for complete article.
USDA Announces Availability of Additional Farm Loan Funding
Reminds Lenders and Potential Borrowers of Small Business Administration Option
WASHINGTON, D.C. (Posted Sept. 2, 2016)
The U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Administrator Val Dolcini today announced that additional funding will be made available to assist more than 1,900 approved applicants who are awaiting farm operating loans. The funds, which were reprogrammed by FSA with the approval of Congress, will leverage up to $185 million in additional lending for direct and guaranteed farm operation loans and will allow the agency to address up to 30 percent of its projected shortfall of funds until the next federal fiscal year resumes on Oct. 1. Click here for complete article.
State agencies enter partnership to work together on farm safety
KDA, state fire commission will share equipment, train emergency responders
LOUISVILLE (August 25, 2016) — Officials with the Kentucky Department of Agriculture and the Kentucky Community and Technical College System/Kentucky Fire Commission today signed an agreement to work together to promote farm safety in Kentucky. Click here for complete article.
High Oleic Leaps from Field to Fryer
Farmers look beyond the bushel for innovation, profitability
FINDLAY, Ohio (August 11, 2016) – Collaboration is instrumental to change. When the U.S. soybean industry rolled out high oleic soybean varieties more than five years ago, it knew it would take an industry-wide effort to bring solutions to the market. Click here for complete article.
KADB Provides Additional Investment for Capital Access Loan Programs
(Posted July 25, 2016) –The Kentucky Agricultural Development Board (KADB) recently approved $5,000,000 for the Kentucky Agricultural Finance Corporation’s (KAFC) low interest, revolving loan programs. Click here for complete article.
UK breeder develops new tall fescue variety
By Katie Pratt-LEXINGTON, Ky.
(Posted July 25, 2016) – University of Kentucky plant breeder Tim Phillips has developed a new tall fescue variety that is nontoxic to grazing animals.
Click here for complete article.