Closing Market Report

ifr180727–188 Trade Tariff Farmer Compensation Package Chief Economist Rob Johansson, USDA USDA Assistant Deputy Administrator for Farm Programs, Brad Karmen USDA has announced a $12 billion dollar plan to compensate farmers for damages done so far by the trade dispute with China and other nations. Todd Gleason has more on what is known about the plan. The largest part of that money will be paid out… 2:43 radio 2:56 radio self-contained The largest part of that money will be paid out to soybean producers, though direct payments will also be made for other commodities including corn, wheat, sorghum, cotton, dairy, and pork. USDA Chief Economist Rob Johansson told reporters on the line the initial damage calculation has already been made. Johansson :40 …the program will be flexible to allow that. Quote Summary - We’ve calculated what the damage is to producers facing these illegal tariff actions. We are working out the specific details and will be w...

ifr180727–185 Breeding Barley to Make Budweiser Josh Butler, Senior Manager Global Barley Breeding - Anheuser Busch You might think of Anheuser Busch as a beverage company producing great American beers like Budweiser. However, as Todd Gleason reports from Idaho Falls, Idaho, it is a highly integrated agricultural company. AB InBev develops and tests its own barley varieties… 1:20 radio 1:32 radio self-contained 1:20 tv 1:32 tv self-contained AB InBev develops and tests its own barley varieties. Josh Butler is the senior manager for Global Barley Breeding. During this year’s Grower Days he explained to the farmers who raise barley for Anheuser Busch that his group has three main customers. There is the maltster, beer is made from malted barley; the brewer, the malt needs to be consistent in its enzyme and protein make up; and most importantly, he says, the farmer. Butler :07 …agronomics that are beneficial to a grower. Quote Summary: So, reall...

ifr180727–181 A Commodity Markets Interview with Todd Hubbs Todd Hubbs, Agricultural Economist - University of Illinois The commodity markets seemed to have found a bottom for the moment. Todd Gleason has more on what may be next with University of Illinois Agricultural Economist Todd Hubbs.

ifr180706–172 Fungicides for Corn Yield Kick, Yeah No Nathan Kleczewski, Extension Plant Pathologist - University of Illinois Farmers are always under pressure to spend more money to protect their crop from insect pests and diseases. Todd Gleason has one more thing they probably shouldn’t use. In the case of fungicides corn producers… 1:07 radio 1:17 radio self-contained In the case of fungicides corn producers will hear about the potential for yield increases. The odds are against that says University of Illinois Extension Plant Pathologist Nathan Kleczewski (kleh-cheh-ski). Kleczewski :38 …save yourself the money. That’s kind of my thought. Quote Summary - It is not consistent. You are probably less than 30% of the time that you are going to see anything. And as I have mentioned in some of my talks and some my posts, your may reason to apply a fungicide should be to prevent disease and that is when you are going to see the most benefit. If...

ifr180706–171 When Farmers Should Spray for Japanese Beetles Nick Seiter, Extension Entomologist - University of Illinois Japanese beetles are showing up in corn and soybean fields. These can do enough damage to cause yield losses, but it is fairly unlikely. Todd Gleason has more… The University of Illinois has published thresholds… 1:15 radio 1:26 radio self-contained The University of Illinois has published thresholds for when farmers should spray crops to protect them from the Japanese beetle. Nick Seiter says there needs to be a lot of beetles and a whole lot damage done before a producer should spend money on a rescue treatment. Seiter :41 …the field while pollination is still ongoing. Quote Summary - Most of the reports that I am getting, as you would expect and as is typical, are below the treatment thresholds. These are 25 percent defoliation after bloom and 35 percent before bloom for soybean and the threshold for silk clipping in corn is...