ASFMRA AgNews - June 24, 2019

By ASFMRA Press posted 26 days ago

  

USDA To Allow Farmers To Harvest Prevent Plant Cover Crops Sept. 1


As the growing season marches on and farmers are expected to file prevent plant claims on a record number of acres, USDA is easing cover crop harvest rules to ensure livestock producers have adequate feed supplies. In 2019, farmers who planted cover crops on prevent plant acres will be permitted to hay, graze or chop those fields on Sept. 1 instead of Nov. 1.

“We recognize farmers were greatly impacted by some of the unprecedented flooding and excessive rain this spring and we made this one-year adjustment to help farmers with the tough decisions they are facing this year,” said USDA undersecretary Bill Northey. “This change will make good stewardship of the land easier to accomplish while also providing an opportunity to ensure quality forage is available for livestock this fall.”

What Does This Mean For Farmers?

Millions Of Corn, Soybean Acres Remain Unplanted


As of June 16, USDA estimates 92% of the U.S. corn crop has been planted. That compares to a five-year average for mid-June of 100% planted. Today’s planting pace matches the pre-report trade estimate.

“USDA reports 92% of U.S. #corn crop is planted as of June 16, but the state-by-state data suggests that the numbers include some prevent plant, making it difficult to quantify what's actually planted and what's not,” tweeted Arlan Suderman, chief commodities economist for INTL FCStone. “More likely unplanted in some states than USDA suggests.”

What Do These Numbers Mean?

Five Key Takeaways From Hemp College


This week, Farm Journal kicked off its first ever Hemp College. Here, farmers and retailers learned more about agronomics, marketing and other ins and outs of growing the newer crop.

Read the Key Takeaways.

3 Big Questions for the 2019 Corn Crop


The 2019 corn crop is one for the history books. It marks the slowest U.S. corn planting and emergence pace on record. As of June 16, 92% of the U.S. corn crop was planted. The five-year average for this slot on the calendar is 100% complete.

Due to the unprecedented planting delays through June and likely prevent plant claims, USDA just updated its corn acreage and yield estimates for 2019. As of June 11, USDA shaved off 3 million corn acres, making the 2019 estimate 89.8 million. In addition, USDA lowered the national average corn yield to 166 bu./acre—a 10 bu. per acre drop from its original estimate. To round out the changes, USDA also dropped harvested acres from 85.4 million to 82.4 million.

Will These Questions Be Answered?

5 Strategies to Withstand Cash Flow Shortfalls


The economic reset of the last few years is increasing farm financial stress. Lower income continues to strain working capital and more farms are becoming highly leveraged.

On average, ag bankers expect farm loan defaults to climb by 10.9%, according to the May 2019 Rural Mainstreet Index. This is more than double the estimated rate of growth just two years ago.

In reaction to higher default rates, nearly 62% of bankers have increased collateral requirements. Additionally, one in four bankers report rejecting a higher percentage of farm loans due to declining farm income.

Get To Know The Strategies.

Bees, Butterflies, & Solar Panels Learn To Share The Land In Minnesota


Connexus Energy of Minnesota and the National Renewable Energy Lab are working together in an experimental program that may boost the output of solar power plants. Borrowing an idea that is popular in the UK, Connexus is planting prairie grasses and flowers under and around the solar panels at one of its solar and storage facilities.

Read How This Combination Is Working.

NCGA Asks EPA to Follow Trump’s Lead on Ethanol


The National Corn Growers Association on June 21 began airing an advertisement calling on the Environmental Protection Agency (EPA) to follow President Donald Trump’s commitment to farmers and stop giving Renewable Fuel Standard (RFS) waivers to big oil companies.

According to the NCGA, these waivers negatively impact farmers by undercutting the RFS and reducing corn demand.

The ad features Kevin Ross, first vice-president of the NCGA and an Iowa farmer. Ross recently appeared at an ethanol plant with President Trump in recognition of the administration's support of year-round E15. During the event, Ross thanked the president for delivering on this promise but cautioned, “The EPA’s oil refinery waivers threaten to undo your good works.”

What Will the EPA Do?

US Farmers May Need More Aid if Trade Deals Stall During Elections


Farmers may need a third round of government aid next year if political in-fighting during the 2020 U.S. election cycle prevents the Trump administration from landing trade deals and reopening top export markets, the head of the largest U.S. farm lobby said on Tuesday.

If the U.S. Congress cannot ratify the United States-Mexico-Canada Agreement (USMCA), then it and the Trump administration could find it difficult to finalize any trade deals with other large markets, including the European Union and Japan, American Farm Bureau Federation President Zippy Duvall said.

Is More Aid on the Way?

Welcome New Members


Help us welcome our newest members to ASFMRA! We are thrilled that you have chosen ASFMRA as the organization to be affiliated with. Because of you, ASFMRA continues to grow and support rural property professionals across the nation!
We are recognizing new members of the Society on a monthly basis. You may recognize your colleagues in the following list and we encourage you to welcome them into ASFMRA!

New Members

Jeremy Bagott with Bender Rosenthal, Inc. in Ventura, CA (California Chapter)
Jim Carleton with On Point Solutions in Merrill, OR (California Chapter)
Braden Chadick with Arkansas Appraisal Associates in Little Rock, AR (Mid-South Chapter)
William Dove, Jr. in Greenville, NC (North Carolina Chapter)
Alan Geyer with DOI, AVSO, ITPVD in Phoenix, AZ (Arizona Chapter)
Matt Hawk with Shackelford & Associates in Greenville, NC (North Carolina Chapter)
Henry House with House Ag Consultants in Davis, CA (California Chapter)
Tristain Longoria in New Braunfels, TX (Texas Chapter)
Carroll Merry with the Illinois Chapter of ASFMRA in Menomonee Falls, WI (Illinois Chapter)
Jake Miller with Hertz Farm Management in Cedar Falls, IA (Iowa Chapter)
Jeff Parr with Agri Affiliates in Hastings, NE (Nebraska Chapter)
Terence Putman in Monroe, LA (Mid-South Chapter)
Hunter Starr in Forgan, OK (Oklahoma Chapter)
Colton Vrable with GreenStone Farm Credit Services in East Lansing, MI (Michigan Chapter)
Jason Wagner with FCS Financial in Columbia, MO (Missouri Chapter)
Robert Wiley with LIA Administrators & Insurance Services in Santa Barbara, CA (California Chapter)
Kaiti Zbinden in Gibson City, IL (Illinois Chapter)

Share Your Experience - Make a Referral


You know first-hand what a great organization ASFMRA is and what it means to you both professionally and personally. We thank you for spreading the word, you are the driving force behind our continued growth! Talk to those you know who would benefit from ASFMRA’s educational offerings, networking, and meetings. Let them know your experiences of being involved in this great association and some of the business contacts you have made along with lasting friendships. Your peers listed below have done just that! They spoke to individuals about ASFMRA and those individuals have now become members of ASFMRA!

Bradford Batchelor
Laura Enger
Joseph Hickey, ARA
Gregory House, AFM, ARA
Paul E. Moore, ARA, RPRA
Justin Patterson, ARA
Cody White
David Wraa, ARA

Thank you to all who have referred someone and in some cases, more than one, to join ASFMRA.

Make Your Contribution Now to the 2019 Education Foundation Auction


The annual Education Foundation Auction is the main fundraiser for the Education Foundation. As a member of ASFMRA, you may be aware that the Education Foundation supports the development of new educational offerings, rewrites of courses, etc. Funds raised at the annual Auction go directly to the Education Foundation. Help to make this year’s Education Foundation Auction even better! Make your tax deductible donation to the Auction now by simply completing the Auction Donation Form. Return the completed form directly to Hope Evans via email at: hevans@asfmra.org.

Come join us on November 21, 2019, in Louisville, KY at the Omni Louisville Hotel for the Auction. Show your support and your Chapter’s support of the Education Foundation and make your donations now. Remember, no item is too small or too large. Unique items from your area are always wanted. Here are some of the items that we have received as of this time –

The Indiana Chapter has donated 2020 Indianapolis 500 Mile Race Tickets. This is two (2) tickets for the 2020 Indianapolis 500 Mile Race weekend which includes two race day tickets located in the paddock grandstand, two tickets for admission to Miller Lite Carb Day, two tickets for Legends Day, two tickets for admission to the garage area immediately following completion of the race, and a three day auto parking permit. You do not want to miss your opportunity to bid on this amazing racing package.

Paul E. Moore, ARA, RPRA has donated a stay at his and Beth’s Vacation Home situated on the banks of beautiful Lake Cumberland. This is for an amazing vacation for a maximum of six days and five nights to Paul and Beth Moore’s vacation home which has three levels with a balcony on each level! There are four bedrooms, three full baths, full kitchen, living room, recreation room with pool table, outdoor hot tub, and much more. What more could you ask for when you take a vacation? You do not want to pass this opportunity up for bidding on this great trip!

The Missouri Chapter has donated a Stetson 30X Hat. Crafted in the original Gateway to the West from the Stetson factory in St. Joseph, MO. This 30X felt hat will set you off in style! You get to pick your size and color. Make sure you get your bid it on this early as you do not want to miss out on showing off what great taste you have!

Richard and Conni Edmunds have donated a Niagara Falls Trip! This is truly a must vacation trip that you really need to take at least once. You will not be disappointed. This is a weekend trip to tour local area, Niagara Falls, attractions, Amish stores, and so much more! Make sure to bid and bid often on this amazing trip!

Glaub Farm Management, LLC has donated an educational offering in memory of Henry A. Long, Jr. If you are interested in increasing your knowledge and/or professional skill set, make sure you get your bid in on this educational offering of your choice. This donation is made in memory of Henry A. Long, Jr. who was fundamental in the educational offerings of ASFMRA.

Peoples Company has donated two registrations for the 2020 Land Investment Expo, a premier ag-related event.

Make your commitment for Auction items by October 22, 2019. Auction items should be shipped directly to the Omni Louisville Hotel to arrive no later than Tuesday, November 19, 2019. Please do not send your Auction items to arrive at the hotel more than three (3) days in advance – not to arrive before November 18, 2019 – due to the cost the hotel charges for storage. If you have any questions concerning donations, contact Hope Evans directly at: 303.692.1216 or hevans@asfmra.org. THANK YOU for your generous donations and continued support.
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