Closing Market Report

ifr151204–155 4 Step Weed Control Plan for Corn or Soybeans Aaron Hager, Extension Weed Scientist - Univeristy of Illinois Downloads Since the 1960’s farmers have been using herbicides to control weeds. Frankly, herbicide formulations haven’t changed that much and the weeds have managed to find ways to adapt. Todd Gleason has this four step plan from the Univesity of Illinois to control them in corn or soybeans. 2:10 radio 2:23 radio self contained 2:10 tv 2:26 tv cg Some weeds have become resistant to the herbicides farmers use to control them. Others have lengthened their germination period, emerging later in the season, avoiding early spring control methods. University of Illinois Extension Weed Scientist Aaron Hager has a four step plan farmers can use to maintain a competitive edge in corn or soybeans. It starts by planting into a weed free seedbed. Hager :22 …vegetation without adequate control ahead of time. Quote Summary - It is easy to achieve a weed free...

ifr151204–154 EPA’s RFS Decision will push Biodiesel Usage Scott Irwin, Agricultural Economist - University of Illinois Downloads The United States Environmental Protection Agency is beginning to comply with the letter of the law as it pertains to biofuels. Todd Gleason reports this could be a boon for biodiesel made from soybeans. 2:14 radio 2:24 radio self contained 2:08 tv 2:17 tv cg SoundCloud Embed Code YouTube Embed Code EPA this week announced it would force oil companies to find more ways to use renewable fuels. This is something the oil industry has resisted saying it was too difficult to use much more than the ten percent ethanol blend already found in gasoline. This is called the blend wall and is actually less than the total number of gallons of renewable fuels congress mandated be used in 2016 when it originally wrote the law. Since not all cars can burn greater than 10 percent ethanol in gasoline, and the amount of gasoline used in the Unit...

ifr151204–153 An Early Jump on Computing ARC-CO Payments Gary Schnitkey, Agricultural Economist - University of Illinois FarmDocDaily Source Article Downloads Farmers and their bankers can get a jump on just how much income to expect from the ARC County program next fall. Todd Gleason has more on how NASS county yields can be used to anticipate the payments. Farm income is down dramatically… 2:28 radio 2:43 radio self contained Farm income is down dramatically. It means farmers will be going to bankers for production loans this winter. Those loans will be used to plant next season’s crops. The bankers will be looking for every clue they can to help them make solid lending decisions. One source of income they’ll want to calculate comes from the farm programs. However, the ARC County payments won’t be figured until the fall. It is possible to estimate these payments by substituting NASS county yields for the FSA computed yields says University ...

ifr151204–152 FEFO - An Early Jump on Computing ARC-CO Payments Gary Schnitkey, Agricultural Economist - University of Illinois The Farm Service Agency (FSA) computes county yields used in calculating Agricultural Risk Coverage—County Option (ARC-CO) payments. FSA yields differ from county yields released by the National Agricultural Statistical Service (NASS). While different, NASS yields will be useful in estimating 2015 ARC-CO payments when they are released in late February 2016. FSA likely will not release FSA yields until autumn of 2016. Many farmers, lenders, and landowners will desire payment estimates before the autumn. In many cases, NASS yields can be used to arrive at realistic estimates of ARC-CO payments. To aid in ARC-CO payment estimation, the average differences between FSA and NASS yields are reported in this article for corn in Illinois counties.