Ag Exports Should Increase In Fiscal 2014
U.S. agricultural exports are expected to beat earlier projections and reach nearly $150 billion in the 2014 fiscal year, which ends Sept. 21. The Department of Agriculture's most recent estimates would be an increase of 6% over last year's totals, the news agency Reuters reports.
"U.S. Agriculture Secretary Tom Vilsack lauded the 'increasing global appetite for high-quality, American-grown products,' and said the agency would continue to tap into new markets for goods grown and made in rural America."
Cottonseed Production Projected Up
Cottonseed production is expected to increase in 2014 - for the first time in three years. That won't necessarily mean lower prices, though, according to Cotton Incorporated, an organization funded by U.S. cotton growers.
"Larry Johnson, of Cottonseed LLC, LLC, La Crosse, Wis., expects strong cottonseed prices, despite increased acres this growing season. Tight cottonseed supplies and strong milk prices are key reasons he doesn’t foresee additional downward pressure on new crop cottonseed prices, especially given that new crop cottonseed is currently discounted up to $150 per ton compared to old crop cottonseed prices. 'However, if milk prices fall, cottonseed prices could parallet the drop,' Johnson says."
Leaving The Beef Business
In BEEF magazine, our sister publication, Western Kentucky University animal scientist Nevil Speer takes a look at USDA 2012 Ag Census data to determine who's exiting the beef industry.
"The thinking is that older producers, encouraged by higher prices and/or drought conditions, have taken the opportunity to retire from the business, Speer writes. However, the data indicate that’s not really the case."
South Dakota Sees Cropland Rental Rate Increases
The gradual increase of cash rental rates in South Dakota continued in 2014, although the rate of increase is lower than it has been in recent years, according to South Dakota State University Extension.
" 'The 2014 average cash rental rate for South Dakota non-irrigated cropland was $150.10 per-acre; an increase of $5.80 per-acre or 4 percent from last year,' says Kim Dillivan, SDSU Extension crops business management field specialist."
If you are going to rent pasture, or rent land out, check out these "6 Factors For Calculating Pasture Grazing Rental Rates."