In this evening edition, read the latest effects of commodity prices, continued rise of input costs, and common cattle diseases.
Effects of Commodity Prices
Landowners told the USDA they will take 1.7 million acres out of the long-term Conservation Reserve and put it back into crop production, betting on profits from sky-high commodity prices.
This year’s “general sign-up” for the reserve would also bring the smallest amount of land into the reserve since it was created in 1985, the USDA said Tuesday.
The shift toward crop production complicates the Biden administration’s goal of relying on conservation lands to help slow global warming by sequestering carbon in plants and the soil.
Terry Roggensack with The Hightower Report writes, “Like corn and other commodities, the soybean market remains under pressure from deteriorating demand views.”
The downside breakout yesterday in November soybeans was partially the result of ideas that the late corn plantings could cause growers to shift to planting more soybeans.
Input Costs
Three of every four producers polled for the monthly Ag Economy Barometer said they expected farm input costs to rise by at least 20% this year, while more than one-third said they expected 2023 crop input prices to be at least 10% higher.
“Crop input challenges extend beyond their inflated costs to their availability,” economists James Mintert and Michael Langemeier said. In the latest poll, 34% of producers said they had difficulties in purchasing inputs for 2022 crops, a 7-point increase from the previous month.
Cattle Health
Editor Madelyn Ostendorf writes about five common cattle diseases to be on the lookout for and treated as soon as they are identified.
In this article, learn about the symptoms and treatment for Bovine respiratory disease complex, pink eye, lameness, scours, and bloat.
