http://www.agnet.net/pub_pages/HE_021810

Page 1

POSTAL CUSTOMER

PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE

February 18, 2010 Issue 230-14-4

Weather to be a Big Factor for Farmers This Year By Robert Pore, The Grand Island Independent Across most of the nation, this has been a winter to remember with cold weather and record snowfall. But the big question for many producers is whether the crazy weather will carry into the spring and planting season, causing planting delays. "The first issue we will have to deal with is getting the crop in the ground for corn," Dan O'Brien, Kansas State University Extension agricultural economist, said Tuesday in Grand Island. Cooperative Extension experts from the University of Nebraska-Lincoln and Kansas State University were in Grand Island as part of a series of agricultural outlook and management conferences being held across the state. Last week, the U.S. Department of Agriculture's World Agriculture Supply and Demand Estimates (WASDE) reported that U.S. feed grain ending stocks for 2009-10 are projected lower this month with higher expected corn use and sorghum exports. Despite a record corn harvest last year, O'Brien said, "we aren't in a position where we have overburdening supplies of corn."

"Producers should be very leery about what happens this summer," O'Brien said with an eye on how weather conditions will impact this year's corn production. "If we have a huge crop and have another 13 (billion) or 14 billion bushels produced and we are laying new crop piles next to old crop piles, then it will be pretty tough, pricewise," he said. "It probably won't happen, but still it's something farmers need to be aware of and something to think about when it comes to forward pricing." According to WASDE, corn exports for 2009-10 are projected 50 million bushels lower on increased competition from Argentina. Ending stocks are projected at 45 million bushels lower. The projected marketingyear average farm price for corn, according to WASDE, has narrowed 5 cents on both ends of the range to $3.45 to $3.95 per bushel. Behind corn, soybeans are Nebraska's second largest cash crop. Because of strong global demand for soybeans, O'Brien said, "how do you bet against it?" Continued on page 11

Carlson: Water Bills Target Sustainability Solutions Require Involvement by Stakeholders By Pat Underwood, The Kearney Hub

"closed class" wording in a 2007 law. The correction would allow more natural resources districts to use an occupation tax on Stakeholders deserve a place at the irrigated acres to fund water projtable during discussions about the ects in basins where depletions sustainability of water use in the must be addressed for compact comRepublican Basin. pliance or other interstate agreeThat was state Sen. Tom Carlson's ments. message Monday to members of the Authority for an occupation tax Central District Water Users at their and special property tax was annual meeting in Holdrege. The approved in LB701, but the eligibilwater users are farmers in Gosper, ity description limited use to the Phelps and Kearney counties who get Lower, Middle and Upper irrigation water from the Platte Basin Republican NRDs. through Central Nebraska Public The property tax has been ruled Power and Irrigation District. unconstitutional by the Nebraska Carlson of Holdrege said that after "We need a Supreme Court, in part because it hearing testimony on several water sustainable created a closed class with authoribills in recent weeks, his priority for water plan for ty to levy it. The occupation tax is the 2010 session of the Nebraska Legislature remains LB1057. It 10, 20, 50 and 100 facing a similar legal challenge. "I know a lot of you don't like would create a Republican River years from now." State Sen. Tom Carlson that, and I understand," Carlson Basin Sustainability Task Force. said, referring to an additional per"All these stakeholders - counties, cities, schools, ag companies, power companies acre tax. "But in the Republican Basin, we have and more - can contribute something to finding a terrible situation. I think the state ought to a solution to water issues facing the basin," take care of it, but if they do, we will have very Carlson said. "Maybe they have some sugges- harsh regulation." He said Nebraska Department of Natural tions." He also said it would be in irrigators' best Resources proposals for limiting irrigation in interest to support LB862, introduced by state Continued on page 10 Sen. Mark Christensen of Imperial, to correct

Look inside this issue for these headlines... • Triumph of Ag Expo . . . . . . . . . . . . . . . . Page 7-11 • District 7 FFA . . . . . . . . . . . . . . . Page 12-14 • Crop Insurance . . . . . . . . . . . . . . . . . Page 15 • District 6 FFA . . . . . . . . . . . . . . .Page 20-24 • Spring Irrigation . . . . . . . . . . . . . . .Page 25-26 For daily agriculture news, updates and local happenings, visit the Heartland Express website at www.myfarmandranch.com • Country Living . . . . . . . . . . . . . . . . . . .3, 5 • Lee Pitts . . . . . . . . . . . . . . . . . . . . . . . . . .4 • Markets . . . . . . . . . . . . . . . . . . . . . . . .6, 18 • Heartland Cattleman . . . . . . . . . . . . . . .19 • Washington Report . . . . . . . . . . . . . . . . .27 • Classifieds . . . . . . . . . . . . . . . . . . . . .28-31

MARKET GLANCE Livestock and Products, Weekly Average Year Ago 4 Wks Ago 2/5/10

Nebraska Slaughter Steer 35-65% Choice, Live Weight . . . . . . . . . . . . . . .$80.69

84.27

84.58 115.22

Nebraska Feeder Steers, Med. & Large Frame, 550-600# . . . . . . . . . . . .112.95

110.10

Med & Large Frame, 750-800 # . . . . . . . . . . . . . . . .95.52

96.07

98.21

Choice Boxed Beef, 600-750# Carcass . . . . . . . . . .139.72

140.23

139.34

Western Corn Belt Base Hog Price . . . . . . . . . . . . . .55.07

65.15

64.08

Feeder Pigs, National Direct, 50#, FOB . . . . . . . . . .60.00

*

*

Pork Carcass Cutout, 185#, 51-52% Lean . . . . . . . . .57.18

70.56

68.59

Slaughter Lambs, Ch. & Pr.,Heavy, SD Dir. . . . . . . . .92.50

*

*

Nat. Carcass Lamb Cutout, FOB . . . . . . . . . . . . . . .248.62

642.93

243.26

Crops, Daily Spot Prices Wheat, No. 1, H.W. Imperial, bu . . . . . . . . . . . . . . . . .5.17

4.19

3.72

Corn, No. 2, Yellow, Omaha, bu . . . . . . . . . . . . . . . . .3.66

3.59

3.36

Soybeans, No. 1 Yellow Omaha, bu . . . . . . . . . . . . . .9.87

9.63

9.01

Grain Sorg. No. 2 Yellow, Dorchester, cwt . . . . . . . . . .5.14

5.95

5.21

Oats, No. 2, Heavy Minneapolis, MN, bu. . . . . . . . . . .2.01

2.47

2.26

Alfalfa, Lrg. Sq. Bales Good to Prem., NE Neb. . . . . .140.00

135.00

135.00

Alfalfa, Lrg. Rounds, Good, Platte Valley, . . . . . . . . .77.50

87.50

87.50

*

82.50

Dried Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . .140.00

107.50

104.00

Wet Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46.75

43.75

33.75

Hay (per ton)

Grass Hay, Lrg. Rounds, Premium, Neb., . . . . . . . . . . .*

* No market.


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