Why your lender is asking about working capital

November 8, 2017

By Gil Gullickson

If your lender has been asking you about your working capital lately, there’s good reason.

That’s because working capital – current assets minus current liabilities – is much lower among many farmers this year than in years past.

“The magnitude of working capital drawdown is substantial,” says Jim Mintert, director of Purdue University’s Center for Commercial Agriculture.…

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Sorghum grazing after a freeze

November 1, 2017

Many of the sorghum fields have been harvested or soon will be over the next couple of weeks. Grain sorghum stover left standing after harvest provides ground cover during the winter and also serves as an inexpensive source of forage for cattle to graze. Approximately 50-60 percent of the plant dry matter of grain sorghum remains in the field after harvest.…

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Jobless numbers fall locally

October 23, 2017

Texas added an estimated 256,100 seasonally adjusted jobs over the past year.

Texas’ seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent in August and remained below the national rate of 4.2 percent. Annual employment growth for Texas was 2.1 percent.

Terry County’s unemployment rate improved to 4.9 percent compared to last month’s 5.7 percent, but still lagged behind state averages.…

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President Reagan’s message to farm country still rings true

October 23, 2017

“You know, I’ve always thought that when we Americans get up in the morning, when we see bacon, eggs, toast, and milk on our breakfast table, we should give thanks that our farmers are survivors. You are the real miracle workers of the modern world — keepers of an incredible system based on faith, freedom, hard work, productivity, and profit — a system that feeds us and sustains millions of the world’s hungry.”

This was President Ronald Reagan’s message to America’s struggling farmers on October 15, 1982.…

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Terry County FSA News and Notes

October 23, 2017

November- 15, 2017- Deadline to Report 2018 Native & Improved Grasses  & Alfalfa.

December 1, 2017- Deadline to buy NAP grass Policies for 2018 crop year.

December 4, 2017- Deadline to return COC election Ballots to the county office.

January 15, 2018- Deadline to Report 2018 Wheat, Grapes, Fall Oats

March 15, 2018- Deadline to Report Pecans

March 15, 2018- Deadline to purchase NAP for Watermelons, Pumpkins, Spring Fruits/vegetables, Haygrazer.…

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NASS reduces High Plains production estimates

October 18, 2017

The National Agricultural Statistics Service decreased High Plains upland cotton production estimates by 255,000 bales from their September report, projecting that area growers will produce 5,440,000 bales this season.

The Southern High Plains area saw a bit more of a reduction, from 3.485 million bales in September down to 3,330,000 bales in the October report.…

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6 Label Changes for Monsanto, BASF and DuPont

October 18, 2017

EPA has reached an agreement with Monsanto, BASF and DuPont on measures to further minimize the potential for drift to damage neighboring crops from the use of dicamba formulations used to control weeds in genetically modified cotton and soybeans. New requirements for the use of dicamba “over the top” (application to growing plants) will allow farmers to make informed choices for seed purchases for the 2018 growing season.…

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CRP Suspends Land Enrollment

October 18, 2017

by Jerry Hagstrom, DTN Political Correspondent

The Agriculture Department’s Farm Service Agency announced Monday it will suspend accepting most new offers to enroll land in the Conservation Reserve Program until later in the 2018 fiscal year.

In the meantime, FSA “will process many pending eligible offers,” the agency said in a news release.…

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Our View: will anything ever satisfy farm critics? No

October 9, 2017

An opinion from Farm Policy Facts

For decades, agriculture’s adversaries have said “no” to almost any policy that helped farmers.

When farm policy was reformed to be more free-market oriented, critics said it wasn’t enough.

When the agricultural sector stood alone and volunteered funding cuts to help close America’s budget deficit, critics said it wasn’t enough.…

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Senate budget spares farm bill

October 4, 2017

By Philip Brasher

Republicans released a fiscal 2018 budget resolution that would clear the way for $1.5 trillion in tax cuts while requiring no reduction in farm bill spending.

The resolution would allow GOP leaders to use the budget reconciliation to pass a tax bill with a simple majority, not the 60 votes normally required to overcome a filibuster.…

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