Gold-Eagle Cooperative News

U.S. Backtracks on Some Chinese Tariffs Until December
Monday, August 19, 2019

On Tuesday, the Trump administration announced that some recently announced tariffs on Chinese imports would be postponed until December.  And a report this week indicated that the ongoing trade war continues to be a factor impacting the soybean market. Wall Street Journal writers Josh Zumbrun, Vivian Salama and Alex Leary reported on Tuesday that, “The Trump administration abruptly suspended plans […]

Adverse Corn and Soybean Price Scenarios for 2020 and 2021
Monday, August 19, 2019

Prospects are that soybean prices will continue to be low over the next several years, leading to a period of lower farm incomes.  Even given those prospects, prices could go even lower causing more financial stress to develop.  Herein, we present an adverse set of prices that could plausibly occur but are not likely to […]

USDA Using Flexibility to Assist Farmers, Ranchers in Flooded Areas
Monday, August 19, 2019

The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) today announced it will defer accrual of interest for all agricultural producers’ spring 2019 crop year insurance premiums to help the wide swath of farmers and ranchers affected by extreme weather in 2019. Specifically, USDA will defer the accrual of interest on spring 2019 crop […]

Perspectives on 2019 Corn and Soybean Acres-Impact of Prevent Plant
Monday, August 19, 2019

The Farm Service Agency (FSA) of the U.S. Department of Agriculture released county acreages for crops and prevent plantings based on acreage reports filed by farmers.  Even though prevent plant totaled 19 million acres in the United States, planted corn acres in 2019 are only slightly lower than 2018 values.  With notable exceptions, corn acres […]

Recent Perspectives on U.S. Farmland Values
Monday, August 19, 2019

On Thursday, the Federal Reserve Bank of Chicago released a report providing an outlook on farmland values and agricultural credit conditions for the second quarter of 2019.  Recall that other Federal Reserve Districts released similar reports last week.  A summary of Federal Reserve District agricultural land value and credit reports from the first quarter of 2019 can be found […]

Adding Alfalfa to Corn-Soybean Rotation can Increase Profit, Reduce Nitrate Leaching
Monday, August 12, 2019

Wellhead protection areas of many Nebraska towns have been threatened with high aquifer nitrate levels. Alfalfa in rotation with annual crops has long been recognized as a means to reduce nitrate leaching. Research has shown that in a 9- or 10-year rotation cycle with five years of corn and soybean rotation and four or five […]

2019 Corn Yield Forecasts as of July 31
Monday, August 12, 2019

This article summarizes the simulated crop stages and yield forecasts performed on July 31 for 37 locations across the US Corn Belt; the data can be viewed here. Details on the underpinning methodology to simulate phenology and forecast end-of-season yields, as well as on interpretation and uses of yield forecasts, are described in a previous article. During […]

Farm Economy-Loan Repayment Rates, Debt, Bankruptcy, and Production Expenses
Monday, August 12, 2019

Recent news items have highlighted variables associated with the agricultural economy, including: loan repayment rates, debt levels, bankruptcy filings and agricultural production expenses.  Today’s update includes a brief recap of some of these articles and reports. A Market Intel update last week from the Farm Bureau stated that, “Following several years of low farm income and rising debt levels, a […]

What’s Going on with Corn Prices?
Monday, August 12, 2019

The December futures price of corn fell back to levels not seen since late May in last week’s trading despite substantial uncertainty regarding acreage and yield for the 2019 crop.  A mild weather outlook, weak ethanol production, and dwindling corn exports spurred much of this movement.  The recent escalation of the trade war with China […]

Trade War Escalates-China Halts Purchases of U.S. Farm Products
Monday, August 12, 2019

The U.S., China trade war escalated this week as news articles reported that China has halted its purchases of U.S. agricultural products. Background On Thursday, President Trump announced additional tariffs on Chinese imports. And on Friday, Bloomberg writer Ryan Haar reported that, “White House economic adviser Larry Kudlow played down the impact on U.S. consumers of additional tariffs on Chinese […]

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