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When USDA released the Prospective Planting report Tuesday, corn – as usual – was the big focus.
At 89.2 million acres, USDA’s projection does represent a two percent decline in acreage from last year. But Texas A&M AgriLife Economist Steve Amosson told KGNC that USDA’s figure is still a half-million to a million-and-a-half acres higher than other estimates going around. Amosson believes USDA will wind up backing off on its numbers.
"Basically, the last two years have been to high and their March intentions by about 2%. So long term, I'm going to look for that number to actually come down a million acres but, unfortunately, it's going to take some time for that to play out. But that did significant damage."
The “significant damage” to which Amosson referred is the 17 to 18 cent drop in corn prices across various contract months that occurred following the report’s release.
All the major crops produced in our area saw drops in their projected acreage, except sorghum. Sorghum acreage is projected to increase by 11% across the nation and by 20% in Texas.
To see the full report, go here: http://usda.mannlib.cornell.edu/usda/current/ProsPlan/ProsPlan-03-31-2015.pdf
More rain is needed to help wheat farmers looking to take their crop on to harvest for grain. But Donley County Extension Agent Leonard Haynes says wheat’s doing its part for cattle.
"Some of our big cattle producers are taking benefits of the good wheat that we did have as far as grazing and getting some really good gains on those cattle that are on wheat," Haynes said.
USDA has issued a proposed rule that would implement additional limits on farm payments made to non-farmers. For more information and to offer comments about the proposal, go here http://www.usda.gov/wps/portal/usda/usdahome?contentid=2015/03/0074.xml&contentidonly=true
Texas A&M AgriLife Extension is offering two regional sorghum education meetings. Topics will include soil, irrigation and weed management. The meetings will take place March 26 in Dimmitt and April 6 in Levelland. For more information, go here…
The full report from the Dietary Guidelines Advisory Committtee has been released. Beef and cattle organizations have been very critical of the Committee's recommendations regarding meat consumption. See what you think by reading the report, which is available here
The KGNC Golden Spread Agribusiness Hour is your daily opportunity to hear from agriculture newsmakers from around the region. The program airs Monday through Friday from 5 a.m. to 6 a.m. on KGNC-AM.
In addition to bringing you the insights of ag experts from around the High Plains region, our show also offers up-to-the-minute market information, veterinary news, wildlife reports, and features that explore the daily endeavor of those good people – the farmers and livestock producers – who provide us with the food and fiber we all need.
If you are unable to listen to the Agribusiness Hour live, remember you can hear recordings of past programs in podcast form by going here: http://multimedia.kgncam.com/audio/ag.htm