2013 USDA Report Release Times

For those whose eyes follow the USDA statistical reports, this is a reminder that all USDA statistical reports released in 2013 will be revealed at 11:00 a.m. (Central Time)

These major reports with the noon release time are:World Agricultural Supply and Demand Estimates (WASDE), Acreage, Crop Production, Grain Stocks, Prospective Plantings, and Small Grains Summary. USDA previously released these crop reports at 8:30 a.m. EDT. or 7:30 a.m. Central Time

The time for livestock reports currently released at 3:00 p.m. will not change.

2012 Farm Bill Update (as of Jan 2, 2013)

Working into the wee hours of the new year, the U.S. Senate overwhelmingly passed a fiscal cliff bill that will extend farm policy through September. With this extension, legislation has essentially kicked the farm bill can down the road in an attempt to avoid the so-called Milk or "dairy" cliff.

The giant New Year’s tax package rushed through Congress Tuesday includes a nine-month farm bill extension that forestalls any immediate spike in milk prices but also represents a bitter blow for farmers who had hoped for long-sought changes in the dairy support program.

University of Minnesota Crops Trial Bulletin Available

The University of MN Field Crop Trials Bulletin is now available in print and electronic forms. The new publication, dated January 2013, provides results from U of MN trials conducted in 2012 across the state. The varieties tested are from both public and private breeding programs and include U of MN developed forage, grain, and oilseed crop varieties.

USDA December WASDE Report

The big news for markets today circulates around the USDA December report that came out at 7:30 a.m. this morning.

For U.S. Carryover Numbers:
• Corn:
Unchanged, sitting at 647 million bu (Nov projection at 647 million)
Beans: 130 million bu, down from Nov projection of 140 million
• Wheat: 745 million bu, up from Nov projection of 704 million bu
• Cotton: 5.4 million bales, down from Nov projection of 5.8 million 

Farmer Style

You may remember the Peterson Brothers (Greg, 21; Nathan, 18; and Kendall, 15 from Saline County, Kan.) when they became a viral hit with their version of "I'm Sexy and I Know It" revised to "I'm Farming and I Grow It" back in July 2012.

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Novozymes Acquires Natural Industries, Inc.

In a press release on November 28th, Novozymes, the world leader in bioinnovation, revealed it has signed a definitive agreement to acquire Natural Industries Inc. based in Houston, USA. Natural Industries Inc. is a bioagricultural player with annual revenues of $5 million.

This acquisition expands Novozymes’ position in key high-value markets for sustainable bioagriculture solutions.

Record-High Farm Income Despite Drought

(News release provided by Jeff Wilson and Elizabeth Campbell) -- Even after the worst drought in a half century shriveled crops from Ohio to Nebraska, U.S. farmers are having their most-profitable year ever because of record- high prices and insurance claims.

Sioux Falls Biodiesel Facility Grand Opening

America’s only advanced biofuel is now available year-round in southwestern Minnesota, eastern South Dakota and northwest Iowa. The South Dakota Soybean Research and Promotion Council, Minnesota Soybean Research and Promotion Council, Harms Oil Company, National Biodiesel Foundation and Clean Cities have partnered to expand the availability of biodiesel in the region. Previously, biodiesel was only offered for seasonal blending.

MN Farmer Matt Lantz Discusses Efficiency

Minnesota farmer Matt Lantz of Lake Crystal! He talks about how being more efficient gives him more time.

What's Your Optimum® AcreMax® Xtra Story? Matt Lantz, Lake Crystal, MN, explains how this new integrated refuge technology from DuPont Pioneer simplifies corn planting. Being more efficient gives him more time, and free time is valuable!

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Ag-Related Ballot Initiatives

With the 2012 election wrapping up, it was imperative to also look at amendments and ballot initiatives that could have influenced ag policy and practices.

Proposition 37
Voters in California and North Dakota rejected two ballot initiatives that were opposed by agriculture groups. Californians rejected Proposition 37, that would have mandated genetically modified foods (GM) to be labeled as such.