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Seed Cotton: To trigger in 78% of the years, soybeans statutory reference price would have to be above $10.80, a 36% increase over its current level. stream Peanuts: To trigger in 100% of the years, soybeans statutory reference price would have to be above $14.00, the current FSA projection for the 2022 MYA price. But with a recent farm-related injury, young children at home, and a successful farm insurance brokerage to run, the added prospect of hauling his grain nearly 40 miles instead of 10 was just too much. Schnitkey, G., C. Zulauf, N. Paulson and J. Baltz. Unlike some field operations which may be performed on only a portion of acres, harvest operations will cover all harvestable acres, generally all planted acres on a farm. From 2014 to 2023, the MYA price for soybeans has never been below $8.40 (see Figure 2). The goal is to report what is being charged, not what should be charged. Cost of production estimates, per bushel, for herbicide-tolerant soybeans are $8.89, $8.72 and $8.57 assuming 50, 56, and 62 bushels per acre, respectively. Fall contracts and DP are shrunk to 15% moisture. In a letter sent to Clay City and Brazil grain customers by Ceres Solutions Cooperative CEO Jeffrey Troike dated August 12, producers were informed that: It has been determined that, due to the age and condition of our grain facilities, and also due to declining utilization, Ceres Solutions will no longer receive grain at the Clay City and Brazil locations as of December 31, 2021. A farmer evaluating costs and returns may consider whether to own a combine versus outsourcing the task. farmdoc daily(10):20,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,February 4, 2020. y_|HNL-sGIMm5!JPNJ MF ]&>e\dr|Q4h~4(. The February price for all wheat, at $9.17 per bushel, is 69 cents higher than January and $3.34 higher than February 2021. Some farms may have to comply with special requirements of land or business owners. Other grades subject to market discounts. A number of assumptions are made to estimate economic costs for combining and grain cart, but cost of hauling grain is even more complex. Moreover, the $8.57 MYA price for 2019 was below the $9.63 benchmark price. The only good news he could see is that the decision to close might create an opportunity for a smaller organization to perhaps open an elevator service to fill the gap. For example: Location A is offering $13.80/bu for equivalent allows producers to compare the VP`7_3!Pkz[};qo(K6,P1!Hp d~ag_8]O(d9|q-e%K yL>h|%V$CnJJIo*v cY`V$X2^.(3A{|+ ef&\poep*7pw u Gw /h$Xd'D7a|8sP&T"FPwlw):Jlpxxa@EZ8dhO 0R'w[NlI/q6iC h3a8IjZOM c3 jjpA7v`e|?kA2C' Rn1_U'Gc7x6[|8I}{ZW]}7fl,1+~_QX)x,V]9FC)d3QYK(QkXyq'wF;zh 29yr_*$b$9f" The new regulation will let States follow the updated standards of the American Association of State Highway and Transportation Officials, among others, without requiring an FHWA exception. Too much for he and four surrounding neighbors he named right off the top of his head, each of whom farm in the 200- to 300-acre range. unloaded in New Orleans Contact Us February 20, 2020 Sealed grain storage must be paid when the warehouse receipt is issued. Unfortunately, both locations require significant investments to maintain proper services, and there is simply not enough volume for us to be able to support that decision.. As corn price increases the moisture at which it becomes profitable to start harvest increases. F. Long-Grain Rice: To trigger in 89% of the years, the statutory reference price would have to be above $13.00, a 50% increase over the current level.