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Now What Happens with the Farm Bill?

House Ag Chair Michael Conaway and the GOP conference committee members have to decide whether or not they’ll give some ground on some of the biggest sticking points of the farm bill debate in order to get a bill passed this year. Those disputes include conservation, commodity policy, and work requirements for SNAP program recipients. Politico says reaching a deal while they still hold the majority in the House of Representatives would help Republicans reach some of their goals before they lose their leverage. House Democrats could choose to start from scratch next year when they assume control, which Politico says the industry might not want to see. It’s possible that Democrats may pull the farm bill to the left with amendments to rein in subsidies on wealthy farmers or adjust federal crop insurance. Ranking member Collin Peterson of Minnesota won a close race on election day and is expected to retake the gavel as chair of the House Ag Committee. Peterson has said he would prefer to not start over and write a new farm bill.

Wednesday’s Closing Grain Bids

November 7th, 2018

 

St Joseph

 

Yellow Corn

3.59

White Corn

no bid

Soybeans

8.19

LifeLine Foods

 3.62

 

 

Atchison

Yellow Corn

 3.60 – 3.66

Soybeans

 8.04

Hard Wheat

 4.52

Soft Wheat

 4.35

 

 

Kansas City Truck Bids

 

Yellow Corn

3.67

White Corn

no bid

Soybeans

8.30 – 8.35

Hard Wheat

5.12

Soft Wheat

 4.80 – 4.85

Sorghum

5.75 – 5.84


USDA Cash Grain Prices

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

OTA Looking for Ideas on Voluntary Checkoff

The Organic Trade Association is looking for the “best and brightest ideas” from organic stakeholders on how to put together a voluntary “checkoff-like” program for the organic sector. Ag Secretary Sonny Perdue decided last May that the USDA wouldn’t move forward on a mandatory checkoff for the organic industry. As a result, the private sector initiative is being called “GRO Organic.” Laura Batcha (BATCH-uh), CEO of the Association, says, “We want GRO Organic to be a bold and engaged opt-in program that pools resources from everyone who can contribute so that we can collectively address critical needs across the organic sector. The need for more investment in organic is widely agreed upon.” She says the best way to go about doing that is what the industry needs to work together to figure out. Melissa Hughes of the Organic Valley Cooperative in Wisconsin, says, “We have a saying at Organic Valley. None of us is as smart as all of us.” Hughes adds that by working together on this idea, the organic industry will continue to be at the center of the good food movement. The deadline to submit ideas to the OTA is April 19, 2019. Ideas can be submitted by email, which can include attachments.

Corn Plantings to Overtake Soybeans in 2019

An analysis of USDA data says corn will take over the top spot from soybeans in planted acres during the next growing season. The Hagstrom Report says it is a reaction to market conditions created by President Donald Trump’s tariffs on Chinese imports. The data shows corn plantings will likely exceed soybeans by nine to 10 million acres between 2019 and 2023. The Agriculture Department released its agricultural baseline predictions over the weekend. The Food and Environment Reporting Network (FERN) analysis says corn plantings are at 92 to 93 million acres a year, while soybeans are at 82.5 and 84 million acres a year. Veteran commodity analyst Chuck Abbott, a FERN Editor, says corn will be the acreage king for years to come. Soybeans will spend time slowly trying to recover from the loss of sales to China. “Corn will continue to cruise along with strong demand and lean stockpiles,” Abbot says. “The first 15-billion bushel corn crop could be harvested by 2020, and will grow to 16 billion bushels by 2025.” Abbot says soybean production may not approach this year’s levels until 2027, at the earliest.

Attacks on Beef Checkoff Expanding

The R-CALF crusade against state beef councils, funded by activists, is expanding. The National Cattlemen’s Beef Association calls the attacks a “disappointment to countless beef producers and NCBA members across the country.” NCBA says the allegations are without merit and continue to divide the nation’s producers. The attacks also keep beef councils from working on building demand for America’s beef products. Kendall Frazier, Chief Executive Officer of the NCBA, says regular audits of the beef checkoff and NCBA have found both to be compliant with the laws governing the checkoff. “The USDA’s Office of Inspector General has done two audits, both of which have come back clean,” Frazier says. “R-CALF has become nothing more than a front group for activits seeking to divide the industry. Their goal is to drive down beef demand and push producers out of business.” NCBA says accusations that money invested in the Federation of State Beef Councils is being misused are just as false. NCBA has demonstrated over and over again that the R-CALF attacks are being helped by groups like the Humane Society of the U.S., Food and Water Watch, Public Justice, and other activist organizations opposed to the U.S. beef industry.

Tuesday’s Closing Grain Bids

November 6th, 2018

 

St Joseph

 

Yellow Corn

3.60

White Corn

no bid

Soybeans

8.24

LifeLine Foods

 3.63

 

 

Atchison

Yellow Corn

 3.61 – 3.67

Soybeans

 8.01

Hard Wheat

 4.58

Soft Wheat

 4.37

 

 

Kansas City Truck Bids

 

Yellow Corn

3.61 – 3.66

White Corn

no bid

Soybeans

8.29 – 8.34

Hard Wheat

5.18

Soft Wheat

 4.82 – 4.87

Sorghum

5.59


USDA Cash Grain Prices

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

USCA Expresses Concern for Possible U.S.-Brazil Free Trade Agreement

The U.S Cattlemen’s Association has concerns with a potential U.S-Brazil free trade agreement. News of a potential bilateral agreement emerged following the recent presidential election in Brazil. President Donald Trump recently spoke with the newly elected Brazilian President, and said after the conversation that he sees an agreement “happening” between the two. USCA expressed concern, saying Brazil is “historically, a bad actor when it comes to following through on trade commitments.” In a statement, the organization noted that in 2016 and 2017, USCA called on the U.S. Department of Agriculture to halt importation of Brazilian beef upon finding that the country was attempting to ship tainted beef to the United States. The organization says a “system of corruption” was later exposed throughout the Brazilian production chain, as multiple meat inspectors were prosecuted for accepting bribes in exchange for allowing tainted meat through inspection checks. The organization asked the Trump administration to reach out to industry partners when crafting any agreement with Brazil.

USDA Inspector General Reviewing USDA Reorganization Proposal for Improprieties

The Department of Agriculture’s inspector general will investigate the proposed movement of two USDA agencies outside of the Washington, DC area. Politico reports the investigation will look into whether USDA followed proper procedures when deciding to move the agencies. Earlier this year, Agriculture Secretary Sonny Perdue announced a plan that would move the Economic Research Service and National Institute of Food and Agriculture outside of Washington. The investigation will also look to see if USDA has the authority to make the moves. The investigation could also trigger further efforts by Congress to block or restrict the USDA’s decision. The USDA was planning to relocate the agencies next year, but many in Congress, along with others including USDA employees, have criticized the move and the massive costs associated with it. Perdue says the move would save the agency money.

China Drastically Decreasing U.S. Soybean Imports

soybean field photo by Melissa Gregory

China dropped imports of U.S. soybeans by 80 percent in September and increased Brazilian imports by 28 percent. Reuters reports this is the first time that China has provided data on the country of origin for its commodity imports since the month of March. China, which typically buys many of its soybeans during the fourth quarter from the U.S., is sourcing soybeans from Brazil as a direct result of the trade war with the United States. Chinese buyers imported 7.59 million metric tons of Brazilian soybeans in September, up from 5.94 million metric tons a year ago. Soybean imports from the U.S. were 132,200 metric tons, compared with 937,000 in September last year. China implemented a 25 percent tariff on U.S. soybeans in July as part of the tit-for-tat tariffs between the two countries. Corn and sorghum shipments from the U.S. were reported significantly lower, as well.

Monday’s Closing Grain Bids

November 5th, 2018

 

St Joseph

 

Yellow Corn

3.59

White Corn

no bid

Soybeans

8.11 – 8.15

LifeLine Foods

 3.64

 

 

Atchison

Yellow Corn

 3.49 – 3.59

Soybeans

 8.02

Hard Wheat

 4.54

Soft Wheat

 4.32

 

 

Kansas City Truck Bids

 

Yellow Corn

3.62 – 3.67

White Corn

no bid

Soybeans

8.31 – 8.36

Hard Wheat

5.15

Soft Wheat

 4.77 – 4.82

Sorghum

5.61


USDA Cash Grain Prices

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

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