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A Prism Business Media Publication January 18, 2006 | 060118   
TABLE OF CONTENTS
 >> Logan Hawkes

 >> Crop Report Summary

 >> Conservation & Tillage Conference

 >> News from the Top of the Hill

 >> The Road Warrior of Agriculture

 >> Scrooge lives: Lumps of coal from Congress

 >> Study shows ag ammonia emissions less than thought

 >> Farm Press to publish Sunbelt Expo official show guide

 >> Farm Bureau delegates support extension of farm bill

 >> COLUMN: Self-improvement tied to others' resolve

 >> Illinois farm income down

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  EDITOR'S NOTE
Logan Hawkes
01/18/06    Crop News Weekly
Time is running out to register for the Corn & Soybean Digest/Farm Industry News Conservation Tillage Conference & Expo to be staged Feb. 1-2 in Sioux Falls. This is your best chance to get the details on the complex Conservation Security Program (CSP). Get the details on how to register in this issue and save yourself a seat.

In the top of the news this week, the recent USDA Crop Supply and Demand Report gives another indication of just how big the U.S. corn and soybean crop was in 2005, and how large the carry-over grain stocks are as we head into 2006. What are the implications for the new year? Elsewhere in the news, with rising interest rates on long-term money, many producers are looking for an opportunity to lock in interest rates. Dave Kohl points the way in his column this week. Also in the news, did someone say last year was a warm year? In fact, the last nine years are some of the worst in recent history. Whether it's a break in the weather or a new way of farming, is it time for a change? Elsewhere this week, the Sunbelt Agricultural Exposition, "North America's Premier Farm Show" has announced that starting in 2006, the "Official Show Guide" will be published by Farm Press. And finally, American Farm Bureau Federation delegates are asking Congress to extend the provisions of the 2002 farm bill until a new World Trade Organization agreement is reached that "increases foreign market access for U.S. farmers and ranchers."

You'll find these stories and more in this issue of Crop News Weekly. Happy reading.



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  FROM OUR MAGAZINES
Crop Report Summary
01/17/06   
The latest USDA Crop Supply and Demand Report, released Jan. 12, gives another indication of just how big the U.S. corn and soybean crop was in 2005, and how large the carry-over grain stocks are as we head into 2006. According to the USDA Report, there was an estimated 75.1 million acres of corn harvested in 2005 with a total production of 11.1 billion bushels of corn. Total U.S. soybean production in 2005 was estimated to be the second largest on record, only slightly behind the U.S. soybean production totals in 2004. MORE. - Kent Thiesse, The Corn & Soybean Digest

Conservation & Tillage Conference
01/18/06    The Corn & Soybean Digest
The Conservation Security Program (CSP) offers farmers financial rewards for implementing conservation measures. Unfortunately, nothing from the government is ever simple and easy to understand. This is true of the CSP.

The Conservation Tillage Conference & Expo promises to help you find your way through the CSP program and its paperwork maze. You will learn from people who have gone through the qualification process about what's needed at application time and the potential rewards available if your application is accepted.

The Conservation Tillage Conference & Expo is being held February 1-2, 2006 at t he Ramkota Hotel & Conference Center in Sioux Falls, SD. It is being presented by Corn & Soybean Digest and Farm Industry News magazines. Experts from Iowa State University, the Universities of Minnesota and Nebraska and South Dakota State University organized the program. To register to attend, you can go to http://www.tillageconference.com, or call 1-800-722-5334. If you call, ask for the "Conservation Tillage Conference & Expo."

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News from the Top of the Hill
01/13/06    National Hog Farmer
Korea to Reopen Market to US Beef - Korea and the United States announced an agreement on an initial import protocol that will reopen Korea's market for U.S. beef. The initial agreement will allow U.S. boneless beef from cattle less than 30 months of age. A key issue during the discussions was trying to get approval for bone-in products. USTR Ambassador Rob Portman said, "Although we appreciate this step toward normalized beef trade with Korea, we are extremely disappointed that Korea did not fully open its market to all U.S. beef products. We will continue to urge Korea in the strongest terms to open its market without delay to U.S. bone-in beef, variety meats, and offal. Together these products historically accounted for approximately 50 percent of U.S. beef exports to Korea." In 2003, the U.S. exported $610 million of beef and beef products to Korea.

Peru FTA - President Bush notified Congress last Friday that he plans to sign the bilateral trade agreement with Peru. The signing will take place in April with Congress considering the trade agreement later this year. According to USTR key components of the agreement for agriculture include:

  • Two-thirds of current U.S. agricultural exports will become duty-free immediately. These exports will include high quality beef, cotton, wheat, soybeans, soybean meal and crude soybean oil; key fruits and vegetables including apples, pears, peaches, and cherries; almonds; and many processed food products including frozen French fries, cookies, and snack foods.

  • Tariffs on most remaining U.S. agricultural products will be phased out within 15 years. All tariffs will be eliminated in 18 years. Products that will benefit from improve market access will include pork, beef, corn, poultry, rice, fruits and vegetables, processed products and dairy products.

  • Peru and the U.S. have worked to resolve sanitary and phytosanitary issues, especially food inspection procedures for beef, pork, and poultry.

    Currently the United States exports are over $2 billion per year to Peru.

    Biotech Acres Increase - Acres planted to genetically modified crops worldwide increased by 11 percent last year to 222 million acres. The top five countries are United States (123 million acres), Argentina (42 million acres), Brazil (23 million acres), Canada (14 million acres), and China (8 million acres). The information comes from a report by the International Service for the Acquisition of Agri-biotech Applications that discusses trends and issues regarding biotech crops worldwide.

    House Leadership Changes - The House Republican leadership announced that the House Republican Conference will hold elections later this month for House Majority Leader. This is the result of Congressman Tom DeLay (R-TX) announcing he would not seek to regain his position as Majority Leader. The race at this time is between House Majority Whip Roy Blunt (R-MO) and Congressman John Boehner (R-OH). The fallout from the Jack Abramoff scandal continues as Speaker Dennis Hastert (R-IL) announced that the House will consider major lobbying reforms when the House of Representatives returns the end of January. The Senate is expected to consider reforms later this spring. - Scott Shearer

  • The Road Warrior of Agriculture
    Dave Kohl
    01/11/06   
    Road Warrior Dave Kohl writes: "With rising interest rates on long-term money, many producers are looking for an opportunity to lock in interest rates. I had the pleasure of moderating a panel of agricultural bankers and Farmer Mac staff at the North American Ag Lending Conference recently. Farmer Mac is the secondary finance market for agricultural mortgage loans. The American Bankers Association and Farmer Mac unveiled a new product at the conference. It is available to all ABA members and Farmer Mac participants." - The Corn & Soybean Digest

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    Scrooge lives: Lumps of coal from Congress
    01/13/06   
    Random musings as we sprint eagerly into 2006: While we're turning the thermostat low and bundling up to conserve energy, we can mentally toast ourselves with the knowledge that 2005 was the warmest year on record in the northern hemisphere. The average global temperature was the second highest ever recorded -- a measly one-tenth of a degree behind the record set in 1998. Further, the World Meteorological Organization and the National Climatic Data Center say the years 1997-2005 were the nine warmest since records started being kept in 1861. - Hembree Brandon, Farm Press Editorial Staff

    Study shows ag ammonia emissions less than thought
    01/12/05   
    Ammonia emissions from fertilizer applications in California's Central Valley can be measured and are less than estimated by air quality regulators, according to a researcher at California State University, Fresno. Charles Krauter, coordinator of air quality programs at the Center for Irrigation Technology, says his observations show ammonia emissions from farming to be about 2.5 percent of the total, not the 5 to 10 percent previously estimated by the State Air Resources Board. - Dan Bryant, Farm Press Editorial Staff

    Farm Press to publish Sunbelt Expo official show guide
    01/11/06   
    The Sunbelt Agricultural Exposition, "North America's Premier Farm Show" has announced that starting in 2006, the "Official Show Guide" will be published by Farm Press. "We've had a great working relationship with Farm Press for many years, and we're looking forward to the opportunity to expand on that relationship. They do a great job of providing folks in the agriculture industry with timely, educational information on American agriculture," says Chip Blalock, executive director of Sunbelt. - Paul Hollis, Farm Press Editorial Staff

    Farm Bureau delegates support extension of farm bill
    01/11/06   
    American Farm Bureau Federation delegates are asking Congress to extend the provisions of the 2002 farm bill until a new World Trade Organization agreement is reached that "increases foreign market access for U.S. farmers and ranchers." Delegates attending the AFBF's annual meeting in Nashville, Tenn., today said they do not want to change U.S. farm programs until the current Doha Round of WTO negotiations is completed. And they said they wanted that agreement to provide greater market access to U.S. farm products. - Forrest Laws, Farm Press Editorial Staff

    COLUMN: Self-improvement tied to others' resolve
    01/11/06   
    I sometimes devote space in the first column of the year to making unreasonable and unreachable resolutions that I have no intention of sticking to even at the time I make them. In the past I've resolved to lose weight, quit beating my wife, get some exercise and generally become a better person. Needless to say, I have pretty much struck out on all those lofty notions except the one about beating my wife and, as those of you who know my wife understand, that never happened in the first place. Proof of that is I'm still alive. - Ron Smith, Farm Press Editorial

    Illinois farm income down
    01/11/06   
    Average Illinois net farm income is expected to drop by 50 percent in 2005 compared to 2004, according to a recent University of Illinois (U of I) Extension study. "Farm incomes are projected to be over $47,100/farm lower in 2005 compared to actual farm incomes in 2004," said Dale Lattz, U of I Extension farm financial management specialist, who co-authored the study with colleagues Gary Schnitkey and Paul Ellinger. "The 2005 average income will be lower than the previous five-year average income. "Lower corn yields, lower grain prices and higher input costs are the primary reasons for the lower incomes." - The Corn & Soybean Digest



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