Archive for February, 2010
USDA Budget report sees 2010 US corn 12.96 bln bu, soy 3.3 bln
Tuesday, February 2nd, 2010
WASHINGTON, Feb 2 (Reuters) - The U.S. Agriculture
Department projected a corn crop of 12.96 billion bushels and a
soybean crop of 3.23 billion bushels in 2010 as part of
preparing its budget proposal for the new fiscal year.
That would be the second-largest soybean crop after the
2009 record and the third-largest corn crop after 2009 and
2007.
The projections are based on conditions in November 2009
and were provided to Reuters by USDA on Tuesday.
USDA is scheduled to release its first detailed projections
of plantings, harvest and use of major U.S. crops on Feb. 11.
USDA projections of major U.S. crops in 2010
2010
Corn Wheat Soybean Up Cot Rice
Plant (Mln ac) 88.0 55.0-A 76.5 10.5 3.10
Harvest (Mln ac) 80.8 46.8 75.5 9.5 3.08
Crop 12,960 2,000 3,230 15.5 219.7
Major U.S. crop plantings, output in 2009-B
2009
Corn Wheat Soybean Up Cot Rice
Plant (Mln ac) 86.5 59.1 77.5 9.01 3.14
Harvest (Mln ac) 79.6 49.9 76.4 7.55 3.10
Crop 13,151 2,216 3,361 12.01 219.9
Corn, wheat, soybeans in millions of bushels, cotton in
millions of 480-lb (218-kg) bales, rice in millions of
hundredweight.
A-On Jan. 12, USDA estimated winter wheat plantings for 2010
harvest at 37.1 million acres, smallest since 1913.
B-Based on field surveys and interviews of farmers.
(Reporting by Charles Abbott; Editing by Lisa Shumaker)
((chuck.abbott@thomsonreuters.com; +1 202 898 8319))
Keywords: USDA CROPS
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Obama: End US crop subsidies to ‘wealthy farmers’
Monday, February 1st, 2010
WASHINGTON, Feb 1 (Reuters) - President Barack Obama asked Congress to end crop subsidies to “wealthy farmers” and to pare federal support for crop insurance on Monday, which he estimates would save $10 billion over 10 years.
Obama targeted those areas for large cuts last year without success.
In his proposed budget for fiscal 2011, Obama suggested a sharply lower cut-off in income to qualify for crop supports. It would save $2.26 billion over 10 years and be implemented over a three-year period.
The administration plan would shut off crop subsidies to people with more than $250,000 adjusted gross income (AGI) from off-farm sources or with more than $500,000 on-farm AGI. The caps now are set at $500,000 off-farm AGI and $750,000 on-farm AGI.
Some $8 billion would be saved over 10 years by reforming administration of the federally subsidized crop insurance system to end “huge windfall profits.” The Agriculture Department is negotiating a new master agreement with insurers to reduce overhead payments. (Reporting by Charles Abbott; Editing by Lisa Shumaker) ((chuck.abbott@thomsonreuters.com; +1 202 898 8319)) Keywords: OBAMA/BUDGET FARM
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EHedger Marketing Seminar With AgStar in Le Center, MN
Wednesday, January 6th, 2010
| February 3, 2010 | ||
| 1:00 pm | to | 4:00 pm |
Join EHedger for an informative market outlook and hedging seminar in Le Center, MN on the afternoon of February 12. AgStar bank will also be presenting on financing and crop insurance options.
Event: 12- onwards in Le Center, MN. Location to be confirmed.
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EHedger Marketing Seminar With AgStar In Waseca, MN
Wednesday, January 6th, 2010
| February 3, 2010 | ||
| 9:00 am | to | 11:00 am |
Join EHedger for an informative market outlook and hedging seminar. Learn also about financing and crop insurance options through AgStar bank.
Event: February 3, 9-11 am in Waseca, MN. Location to be confirmed.
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EHedger Marketing Outlook & Seminar With City National Bank, Shenandoah, IA
Monday, November 30th, 2009
| February 2, 2010 |
EHedger has been invited to conduct a marketing seminar and outlook discussion at an event hosted by City National Bank, Shenandoah, Iowa. The event will take place at the Shenandoah Elks Lodge on February 2, 2010 from 10am till the evening. Lunch and dinner will be served. More details will follow….
Shenandoah, Iowa 51601
United States
712-246-5110
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