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USDA Lending Rates Down from March
The U.S. Department of Agriculture’s Commodity Credit Corporation today announced interest rates for April 2020, which are effective April 1-April 30, 2020. The Commodity Credit Corporation borrowing rate-based charge for April is 0.625 percent, down from 1.500 percent in March. The interest rate for crop year commodity loans less than one year disbursed during April is 1.625 percent, down from 2.500 in March.
COVID-19 Impacting Food Purchasing Dynamics, Ag Labor Concerns Persist
Food Purchasing Dynamics Wall Street Journal writer Kirk Maltais reported this week that, “Consumers’ rush to buy groceries is fueling a rally in orange-juice prices, making the usually sedate asset the best-performing commodity in the first quarter of 2020.
Louisiana Cotton, Soybeans: Seed Treatments and Pesticide Regulations - Podcast
Louisiana Cotton, Soybeans: Seed Treatments and Pesticide Regulations – Podcast April 3, 2020 From LSU AgCenter Soybean seed treatments. Photo: Ohio State University R.L., Dennis, and Kylie talk about current crop conditions and working remotely. Kylie interviews Dr. Sebe Brown about seed treatments in cotton and soybeans. Kim Brown talks about current pesticide regulations and COVID-19
Michigan: Think Carefully Before Using 2019 Soybean Seeds
Photo: Mississippi State University Producers want to salvage the soybean seed they carried over from 2019 but need to make this decision carefully. Due to the continuously wet weather occurring in 2019, many soybean producers were not able to plant all their soybean acres and took the prevent plant option. Because of this, along with seed companies not allowing producers to return treated seed, a large quantity of soybean seed has been stored on farms.
Michigan: Benefits of Bin Aeration for Grains
Grain bins with corn field in the background. ©Debra L Ferguson Using bin aeration to dry corn and soybeans with natural air is a common practice in many areas of the country. However, the process does require more management than using fans to adjust grain temperature. The Purdue Extension publication AED-20, “Managing Dry Grain in Storage,” reports that drying front movement is around 50 times slower than the temperature front movement in a normal grain mass.
Louisiana Rice: First Reported Case Of Apple Snail Damage In Rice
An apple snail from a crawfish pond near Rayne, Louisiana. Photo: Dustin Harrell, LSU Ag Center An invasive species of snails has wiped out a 50-acre field of rice, the first time the pest has been known to do that in Louisiana. LSU AgCenter entomologist Blake Wilson said damaged rice and apple snails were found throughout the field. “There was no trace of rice. If you didn’t know better, you’d think it was a snail production farm,” Wilson said.
Rice: More Rice Acres For 2020, USDA Projects
Cash prices were relatively unchanged across the board this week as cash rice supplies continue to dwindle and growers turn their attention to groundwork and planting. For all intents and purposes, old crop in Texas and Louisiana is gone, so buyers looking to source paddy have to move up the river to Arkansas, where supplies are also tight. Planting surveys indicate that the Texas crop is about 80% planted, and Louisiana is well underway.
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