Kansas Ag Report

Ken catches up with Ryan Martin

And joining us now is Ryan Martin, who is with Louis Dreyfus company. He's a soybean buyer and also when you hear him all over the state, talking markets as well as weather.

 

Pinion Market Update

Grain markets have exploded higher that exploded higher this week, and they have been higher for the last six months in a pretty consistent fashion. Unlike movement we have seen in quite some time maybe ever.

Ag News Update

For the fifth straight month, the Creighton University rural Mainstreet index climbed above growth neutral. According to the monthly survey of bank CEOs in a rural area of a 10 state region that is dependent on agriculture and or energy. The overall index for April slipped to a still healthy 69 from a record high 71.9 in March. The index ranges between zero and 100 with a rating of 50 representing growth neutral, approximately 37.9% of bank CEOs reported that their local economy expanded between March and April. Dr. Ernie Goss of Creighton University says a strong growth in grain prices and the Federal Reserve's record low interest rates, along with growing exports have underpinned the rural Mainstreet economy even though he said the current rural economic activity does remain below pre pandemic levels are fully 100% of bank CEOs that were surveyed indicate that export markets very important or somewhat important to the local economy. 

For the seventh straight month the farmland Price Index advanced above growth neutral, the April reading climbed to 78.6. That's the highest level since 2012. And this is the first time since 2013. At the Creighton survey has recorded seven straight months of farmland prices above growth neutral. Bankers also reported that approximately 99.1% of farmland sales over the last six months have gone to non farmer investors.

Well, Ag Secretary Tom Vilsack says that USDA is now only days away from announcing greater opportunities for landowners to take fragile farmland out of production and exchange for a payment. His article recently said the Biden ministration is looking for ways to halt a 13 year decline in the number of signups under the Conservation Reserve Program. That is the largest land set aside program in the country. Bill sec said that the CRP could play a role in President Biden's plan to make American agriculture the first in the world to get to net zero greenhouse gas emissions. Now approximately 20 point 8 million acres are enrolled in the Conservation Reserve Program with contracts on 3 million acres set to expire at the end of September. While the 2018 Farm Bill calls for gradually raising the enrollment cap to 27 million acres. It lowered the annual rental rate to land owners to pay for those extra acres. Now some senators had said last fall that USDA was being a bit stingy with those incentives and bonuses that it had previously offered to encourage producers to participate. 

Kansas Livestock Association Update

The preserving family farms act of 2021 was introduced recently, this bipartisan legislation to expand IRS code section 2032. A would allow cattle producers to take advantage of the special use valuation and protect family owned businesses from the devastating impact of the federal estate tax.

Sorghum Grain Update

The marketing end of the grain sorghum is very important. good relationship with our foreign buyers is very important. It's basically the driving force that keeps a lot of the small communities alive, the agricultural community but with the markets with grain sorghum now selling typically higher price and corn. 

Kansas Livestock Association Update

Kansas producers have new funding opportunities to help address woody plant encroachment on targeted rangelands through the Natural Resources Conservation Service Kansas Great Plains grassland initiative.

Soybean Update

As worldwide demand for protein continues to grow soy becomes a major player as the principal feed ingredient used in US agriculture.

Pinion Market Reports

Grain markets have exploded higher that exploded higher this week, and they have been higher for the last six months in a pretty consistent fashion. Unlike movement we have seen in quite some time maybe ever.

Ken Rahjes and Steve Knuth discuss mental health

Ken and Steve Knuth of Valley Hope are discussing how those in rural communities can work towards a healthy mental state after a year of struggling though Covid.

Agriculture News Update

Ag news from agview.net. The US economy continues to outperform expectations a stimulus phones fueling a robust consumer spending forecast point two 7% GDP growth for 2021. That's the fastest rate of expansion since 1984, according to cobank. The transition to less COVID restrictions, though, has begun but the economy and Roy industries that won't be going back to the pre COVID the conditions. Researchers say the focus in Washington now is moving from crisis management to building for the future and the outcomes or reshape rural economies. Meanwhile, callback reports the cyclical turn in grain pricing continues during the first quarter of 2020. Once picked up even further gains ahead of now spring planting, farm supply retailers position to benefit from an exceptional strong spring agronomic season. outpacing follows spring of last year, US fuel ethanol sector has recovered production running near 90% of pre-COVID levels chicken, beef and pork. All-seeing strong demand and profitability but dairy exports are struggling mainly due to some shipping-related issues. American consumers feel agriculture can be part of the solution to climate change, rather than just the problem. A Cargill feed for thought survey says those who indicated climate change is important to them rate livestock and agriculture lowest and negative impact compared to other industries regarded as significant contributors. Over 1/3 of the respondents expressed confidence in the industry's ability to limit his contribution to climate change. Survey responses came from consumers in the US, France, South Korea and Brazil. Participants say transportation and deforestation are ranked as the greatest contributors to climate change. And us corn exports in February he had 6.3 billion tons or 248 million bushels according to official census data that tops 2008 records of the month by 17%. The largest monthly volume since July of 2018. January corn exports and missed the months all-time high by just a handful of cargos. December volume was the biggest in 13 years that marked a much needed reversal from the average export pace observed the first quarter of the 2021 market a year that began back in September. Weekly export data suggests that March shipments reached an all-time monthly record by a longshot, likely topping 9 million tonnes, the largest ever volume 7.7 5 million tonnes said in May of 2018. March high 6.7 million for 2017 or ag news online at agview.net. We'll have more in a moment. Kansas Ag Report Brought to you in part by Kansas grain sorghum growers working together. Learn more at Ks grain sorghum.org grass and grain online or in the mail keeping Kansas farmers informed for over 60 years grass and grain.com and ag view dotnet serving the beef belt and western Corn Belt with reliable and relevant agriculture information. agview.net