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Three consecutive years of smaller U.S. corn harvests are driving inventories of the world’s most-consumed grain to a 39-year low and spurring Goldman Sachs Group Inc. to predict that prices will rise near record highs.
Global stockpiles will drop 11 percent to 117.61 million metric tons by Oct. 1, or 13.6 percent of what will be used for food, ethanol and livestock feed, the lowest ratio since 1974, the USDA said in a recent report.
U.S. net farm income is forecast to decline almost $4 billion from its all-time high in 2011. And net cash income is expected to decline almost $2 billion, according to the USDA’s 2012 Farm Income Forecast.
The value of agricultural sector production is expected to increase with gains anticipated for crops, livestock, and especially revenues from services and forestry sales. Larger gains are predicted for oil crops and other farm income.
A bill to eliminate Cold War-era restrictions on U.S. trade with Russia moved another step forward last week when it was passed by the Senate.
The House had already passed the bill. It will now go to President Obama for consideration. Political experts predict that he will approve it.
Click here to read dairy industry groups' take on the bill.
In a panel discussion, moderated by Attorney David Crass of Michael Best & Friedrich LLP, four dairy producers shared their unique situations with regulatory agencies that have taken an interest in the dairy industry. Read on to see what they learned and gather the advice they have for fellow producers.
OSHA
Brody and Jeremy Mahr
Mahr City View Dairy
Stanley, Wisconsin
Alltech’s Global 500 closed Dec. 6 after welcoming dairy and beef producers from 40 countries to Alltech’s home in Lexington, Kentucky.
Pearse Lyons, president and founder of Alltech, closed Global 500 with seven take-home messages:
The Holstein Association USA board of directors met in Chicago Nov. 14-15. President Chuck Worden presided over the meeting.
The board approved the 2013 Management-by-Objective Business Plan and associated budget. The plan predicts growth in sales of Holstein Association USA’s core products and services.
The Holstein Association is pleased to announce it will be participating in two dairy genetic research studies.
Commodity market graphs of recent years are commonly compared to roller coasters with all of their ups and downs. Much like the feeling of climbing the first big drop of a roller coaster, anyone in agriculture today can be a bit anxious of what will happen next.
At the Vita Plus Dairy Summit, Dec. 6 in Merrillville, Indiana, Joe Kerns of Kerns & Associates of Ames, Iowa, tried to calm everyone’s fear of the unknown by explaining what is taking shape in the marketplace.
Dairy producers have been experimenting with harvesting corn as shredlage and snaplage. At the University of Wisconsin – Madison, Randy Shaver has been conducting feeding trials of these feedstuffs to see how they perform in the cow. He shared his results at the Vita Plus Dairy Summit, Dec. 5 in Merrillville, Indiana.
Shredlage Currently shredlage processing rolls are only available on Claas choppers. These provide a longer theoretical length of cut of 1-¼ inches versus an average ¾-inch length of cut with a kernel processor.
The seventh annual Southern Regional Dairy Challenge, which ran Nov. 8-10, attracted 60 students from 11 universities and colleges. The event was hosted by Clemson University.
“The Southern Regional Dairy Challenge exposes undergraduate students to dairying in the southeastern U.S. and the unique complexities producers and industry professionals face in this part of the country," says contest planning committee chair Cathy Williams of Louisiana State University.
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