This week’s report includes perspective on the rise of agricultural prices over the past year, a harvest update, and information on new programs to assist rural Illinoisans with farm property transitions and students in beginning agricultural careers. Please read on…
USDA: Ag prices received up 22 percent
SPRINGFIELD – Prices received for all agricultural goods in Illinois have risen by 22 percent from September 2020, according to the U.S. Department of Agriculture’s (USDA) September Prices Received Index.
The index, released October 29, shows that while the state’s Crop Production Index, at 108.2, was down 1.5 percent from last month, the index rose by 16 percent from this time last year. At 109.0, the Livestock Production Index was unchanged from August but has increased 30 percent from September 2021. The month-to-month overall regression in prices was in part due to lower prices received in September by Illinois farmers for hogs, corn and soybeans, along with a volume change of the marketed commodities estimated by the USDA.
Prices appear to be on the rebound for corn and soybeans, however. December corn prices were up 30.5 cents for the week ending October 29. In addition, March corn prices were up 30 cents, November soybean prices were up 15.25 cents and January soybean prices were up 18.75 percent, reported Illinois farmer Jerry Gulke, president of the Gulke Group. Gulke posted in his weekend Farm Journal report that higher fertilizer prices actually pushed the speculative market for corn higher.
“(Fertilizer is) very expensive (in the U.S.), even more expensive in Europe and just as expensive for Brazilian farmers,” Gulke said. “That has the markets concerned we may not plant as much corn, which made corn prices go up.”
Harvest slowed by widespread rains
SPRINGFIELD – The Illinois grain harvest was literally bogged down by rain across much of the state during parts of the past two weeks, as soil temperatures continue to cool. However, favorable weather in the early weeks of the harvest season mean that the 2021 harvest is on pace or ahead of average.
According to the October 25 USDA-National Agricultural Statistics Service (NASS) Illinois Crop Progress and Condition report, corn harvested for grain reached 78 percent, compared to the 5-year average of 72 percent. Soybeans dropping leaves reached 97 percent, compared to the 5-year average of 98 percent, while soybeans harvested reached 68 percent, compared to the 5-year average of 77 percent.
Soil moisture levels seem to be in good shape after early planting season concerns, with topsoil moisture supply across Illinois rated 2 percent very short, 8 percent short, 65 percent adequate, and 25 percent surplus. Subsoil moisture supply was rated 4 percent very short, 13 percent short, 73 percent adequate, and 10 percent surplus in the report.
Illinois State Climatologist Trent Ford told the Illinois Farm Bureau’s RFD Radio that soil temperatures at the four-inch level on October 25 were in the high 40s in very northwest Illinois, 50s across central Illinois and close to 70 in southern Illinois.
“What we saw at the beginning part of this month was very warm conditions, near record warmth across the state. And that really persisted (with) 4-inch soil temperatures in the 60s and and some cases in the 70s,” said Ford.
AFT to offer farm transition tools
WASHINGTON, D.C. – Farm estate taxes, stepped-up basis and farm family property transition issues are on the minds of many American farm families. With roots in the Midwest, Washington-based American Farmland Trust (AFT) is offering experts and training in transitioning farmland to the next generation. Created to support beginning farmers in acquiring existing farmland, AFT’s Transitioning Land to a New Generation program will also assist existing farmers and ranchers whose families wish to transition out of agricultural production.
AFT estimates that one-third of American farmland– around 371 million acres– will transition to new ownership within the next 15 years.
“With a seismic transition of land on the horizon, professionals will be trained to address major barriers for young, beginning and underserved farmers and ranchers – land access and land transfer,” said Julia Freedgood, AFT Director of Farms for a New Generation. “Our resources will include action-oriented activities for trainers and their training participants.”
The initiative is funded by a USDA Beginning Farmer and Rancher Development Program grant. For more information, visit AFT’s Farmland Information Center website (www.farmlandinfo.org).
Soybean growers promote ag careers
BLOOMINGTON – Students in high school, trade school and community college programs are being encouraged to explore career opportunities in agriculture through a partnership between the Illinois Soybean Association (ISA) checkoff program and Birddog Workforce Scouting. Their “Behind the Bean” promotion is a series of videos that will feature a diverse group of participants including individuals from non-ag backgrounds performing jobs with which they have little to no experience or training in order to provide an authentic expectation of the role. According to Birddog Workforce Scouting’s Blake Noland, the idea is to set students on a career path to become the next generation of applicators, mechanics, or operation managers who will continue to help Illinois soybean farmers in the field, on the road, and in the shop.
“The ‘Behind the Bean’ video series is a great opportunity to demonstrate that agriculture is for everyone. The video series presents career opportunities that don’t require students to acquire a burdensome student loan, and instead, offers non-ag individuals access and invitation into this diverse industry,” said Noland, in an ISA news release.
ISA will also be working to host competitions, providing hands-on learning opportunities, and spotlighting schools across Illinois that are providing alternative career paths for students. To view the first installment in the new video series, visit: https://youtu.be/sVgdxTg4tQI.
Illinois Farm Fact:
More than 40 percent of American farmland is owned by seniors 65 and over. (American Farmland Trust)