Home » 2015 » December 2015

December 2015

Advantages Of Planting Early

Planting date is one of the many factors that affect corn yield potential, and at times, such as in 2015, producers have little control over when they are able to get into the fields to plant. However, when conditions are favorable to plant, knowing the optimum time to produce high-yielding corn is beneficial to add into the decision-making process. Information and data on planting dates for corn from three Extension specialists follows. advantages to planting earlyErick Larson, Extension agronomist, Mississippi State University Planting late is probably the most common problem in Mississippi corn production. It is well established throughout the corn-producing areas of the United States that early planting produces higher yields than late planting. The standard for determining earliest planting date is when soil temperature at planting depth is maintained at 50 to 55 degrees Fahrenheit. The primary reason to plant early is to avoid environmental stresses. Corn requires the greatest amount of water during silking. Mississippi studies indicate corn requires about 1.5 inches of water per week during the peak growing period. Rainfall is normally insufficient to meet this requirement. When rainfall is insufficient, good yields depend on water stored in the soil. This is why early plant development and the water-holding capacity of the soil are so important. Corn pollinating in late May and June will have a better moisture relationship in most years than will corn flowering in July and August. Read More »

Prepare A 2016 Marketing Plan

The yield estimate for the 2015 U.S. corn crop was raised to 1.3 bushels in the World Agricultural Supply and Demand Estimates (WASDE). With harvested acres unchanged, this revision boosts U.S. corn production by 99 million bushels. On the use side, a 25 million bushel increase in feed use was offset by a 75 million bushel reduction in corn for fuel and a 100 million bushel cut to exports. The net effect of these changes was ending stocks up 199 million bushels to 1.760 billion, the highest carryover since 2005/06, and an estimated average farm price of $3.65. If realized, at the end of the marketing year next August, this price would result in a five-cent Price Loss Coverage payment. The grain sorghum balance sheet was revised to show a drop in exports of 105 million bushels, but was made up in feed use up 25 million and food, seed and industrial up 85 million. The ending stock estimate of 58 million bushels is up from 42 million last month, and the stocks-to-use ratio is 10.5 percent. The season average farm price of $3.60 would earn a 35-cent PLC payment. Screen Shot 2015-11-30 at 3.00.21 PMThe world coarse grain picture changed considerably in the WASDE report, with the world corn ending stock estimate up 24 mmt or 13 percent. The estimate of days-of-use on hand at the end of the marketing year increased by 10 days to an 80-day supply. World coarse grain exports are expected to be down 190 million bushels compared to October estimates. The import estimate for China is unchanged at 118 million bushels. Read More »

Are You Optimistic?

What goes up, must come down. There’s no two ways about it, and what is coming down now and has been for a while, is farm income. For the fifth quarter in a row, farm income has declined, according to a recently published survey by the Federal Reserve Bank in St. Louis of agricultural banks, some of which were located in the Mid-South. In 2015, some crops were drowned out, and some acres were never planted at all. The result will be a reliance on crop insurance and a scaling back of spending. “The lower projected farm income will likely reduce loan demand for capital expenditures for both machinery and farmland,” said one Missouri lender about the expected continuing decline in the last quarter this year. Read More »