Gold-Eagle Cooperative News

This Is Grain Bin Safety Week
Monday, February 24, 2020

U.S. Secretary of Agriculture Sonny Perdue issued a proclamation naming February 16-22 as Grain Bin Safety Week. Earlier this week, the Secretary sat down with the Governor of South Dakota, Kristi Noem, to talk about the importance of grain bin safety on the farm. Governor Noem grew up on a farm in Hamlin County, South […]

USDA Agricultural Projections to 2029-Focus on Corn, Soybeans
Monday, February 24, 2020

On Friday, the U.S. Department of Agriculture released its 10-year projections for the food and agricultural sector.  The report noted that, “While agricultural crop prices are tending to trend upwards only slowly in nominal terms, U.S. trade disputes with China that existed at the time of these projections were formulated have dampened expectations, particularly for soybeans. These projections assume […]

Manure Nitrogen Use for Increased Profit and Environmental Protection
Monday, February 24, 2020

Land application of organic materials is important in Nebraska. This article builds on an earlier CropWatch article. Since then, the data were further analyzed and the results further interpreted. This article avoids much repetition of the 2019 article but gives some new or revised information. Land application of manure and other organic materials supplies much N […]

Farm Debt and Working Capital Continue to Deteriorate
Monday, February 24, 2020

Last week we reviewed the USDA’s latest farm income projections and noted sector-wide incomes are expected to increase again in 2020. Furthermore, current projections reflect an upward trend in farm income since 2016, with levels above the long-run, inflation-adjusted average. While all this is positive, farm income is only a single measure of the farm […]

Federal Reserve Ag Credit Surveys-2019 Fourth Quarter Farm Economy Conditions
Monday, February 24, 2020

Last week, the Federal Reserve Banks of Chicago and Kansas City released updates regarding farm income, farmland values and agricultural credit conditions from the fourth quarter of 2019.  And earlier this year, the Federal Reserve Bank of Dallas released its Agricultural Survey for the fourth quarter of 2019.  Meanwhile, a recent update posted at the Federal Reserve Bank of St. Louis, which has […]

2020 Soybean Price Prospects
Monday, February 24, 2020

Soybean prices put in a moderate rally last week. An outlook for a large South American soybean crop and uncertainty of the impact on economic growth associated with the evolving coronavirus situation hang over U.S. soybean demand scenarios moving forward.  Expanding soybean acreage in 2020 looks to test the prospects for lower ending stocks despite […]

Prepare for Spring Calving
Monday, February 24, 2020

Planning and preparing for the calving season can help not only minimize calf losses but also improve calves’ performance, according to North Dakota State University Extension livestock specialists. The nutrition status of the calving herd is one issue to consider in preparing for the upcoming spring calving season. “Although this should be an earlier concern, […]

Cover Crop Recipes for New Users
Monday, February 24, 2020

Wondering how to do cover crops? OSU Extension, in collaboration with the Midwest Cover Crops Council (MCCC), has produced cover crop “recipes” for two scenarios: Post corn, going to soybean and Post soybean, going to corn. The recipes are intended to provide step-by-step guidance to some of the lowest-risk starting points for cover crops. They […]

China Reassures U.S. on Phase One Trade Purchase Goals
Monday, February 17, 2020

Bloomberg writer Peggy Collins reported late last week that, “China’s leader Xi Jinping reassured U.S. President Donald Trump in a phone call that Beijing would meet purchase goals outlined in the recent trade deal between the countries — despite the impact of the coronavirus on the Asian nation, White House economic adviser Larry Kudlow said Friday. “‘Xi apparently said, may be a little […]

2020 Net Farm Income-Early Forecasts Higher
Monday, February 17, 2020

The USDA released it’s first – and early- forecast of net farm income for 2020. Farm income is an important – but not complete- measure of the health farm economy. While the headlines are positive, we took a more in-depth look at the estimates in this week’s post. Net Farm Income Figure 1 shows real, […]

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