Agriculture
Senators Urge 'Significant' Fed Aid for Farmers Amid Income Drop
2024-11-21
Mississippi Sen. Cindy Hyde-Smith and Arkansas Sen. John Boozman have raised serious concerns about the plight of farmers. With a sharp decline in farm income this year, they fear that one in five farmers could be pushed out of business. At a Senate hearing on disaster aid, they emphasized the need for significant government help.

Dire Situation in Farm Country

Boozman highlighted the dire situation in farm country, especially for crop producers. Despite stronger livestock prices than expected, the combination of high production costs and lower commodity prices is taking a toll. Federal intervention is seen as crucial as bankers are reluctant to loan money for 2025 crops. 1: The USDA has forecast a 25% plunge in net farm income this year, but it still remains the fourth highest on record at $116 billion and 15% above the 10-year average. However, for individual producers, the situation is different. Hyde-Smith pointed out that with high costs and interest rates, 20% of good producers are expected to lose out. This is truly an emergency and a crisis for farmers. 2: As Congress makes hard choices about disaster funding and other economic assistance, it is essential to identify which farmers are struggling. USDA deputy secretary Xochitl Torres Small has spoken to farmers and understands their input cost-related challenges.

Senator Boozman's Perspective

Boozman, who is set to become Senate Agriculture Committee chair, emphasized that even with higher-than-average farm income in the past, the current situation with high interest rates and costs is dire. He questioned how rural America can endure this without significant help. 1: The Kansas City Federal Reserve reported a more than 40% growth in the volume of new operating loans during the summer compared to the third quarter of 2023. But weak profit margins in the crop sector continue to weigh on the farm economy, while the cattle industry shows strength. Farm operating debt has grown rapidly alongside lower crop prices and high production costs, and lending activity for other types of loans has softened. 2: Interest rates on farm loans averaged slightly more than 8% during the third quarter before the Federal Reserve's rate cuts. Bankers in the central Plains reported a slight increase in the rate of problem loans during the same period, with about 6% of loan portfolios on the "watch list." In the Midwest, agricultural credit conditions weakened, with 42% of responding bankers predicting a lower volume of farm loan repayments over the next three to six months. Forced sales or liquidations of farm assets by financially distressed farmers are expected to rise.
Cold Front to Bring Snow during Thanksgiving Week Across US
2024-11-20
As we approach the end of the week and the week of Thanksgiving, a significant weather change is on the horizon across the United States. Colder temperatures are set to settle in, marking a departure from the recent mild conditions. This shift will have implications for various aspects, from livestock management to agricultural activities and holiday travel.

Brace for the Weather Shift - Thanksgiving and Beyond

Risk for Frigid Temps

According to the Climate Prediction Center (CPC), certain areas in the Northern Plains are at a high risk of experiencing temperatures dipping to -10° Fahrenheit, with even lower wind chill values. Livestock owners in these regions are advised to take proactive measures and closely monitor the weather forecast. Interestingly, colder air temperatures also have a positive side. They lower soil temperatures, which can be beneficial for effective nitrogen application. When the temperatures are sub-50° but still above freezing, it helps retain nitrogen in the field for the next spring.

This contrast between the challenges posed by frigid temperatures and the potential benefits for agriculture showcases the complexity of weather patterns and their impact on different sectors.

Precipitation Outlook

Across the Midwest, especially in the Ohio Valley, there is an above-average chance of precipitation during the Thanksgiving week. This is due to a low pressure system taking hold. While this is good news for improving drought conditions in the Midwest and places with extreme drought like South Dakota and Ohio, it's a stark contrast to the dry conditions in October. In southern Illinois and Missouri, which were wet from heavy rains earlier in November, this shift from one extreme to the other is a pattern that has been noticed in the past couple of years.

The varying precipitation levels across different regions highlight the need for careful monitoring and adaptation to changing weather conditions.

Thanksgiving Travel

The CPC has issued a 20%–40% chance of heavy snowfall in the Great Lakes region and Interior Northeast from Nov. 27 to Dec. 3. This poses potential issues for Thanksgiving travel, especially air travel. The American Automobile Association (AAA) predicts a record 80 million Americans will be on the move during the holiday. While it's difficult to predict with certainty, there is a possibility of snowfall in the upper Midwest during the Thanksgiving week.

Staying updated on the shifting weather conditions is crucial for ensuring a safe and smooth travel experience during this holiday season.

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Unverferth Unveils 2520 Grain Cart with 2,500-Bushel Capacity
2024-11-21
Unverferth Manufacturing has made a significant mark in the agricultural equipment industry with the debut of its new model 2520 grain cart. This cart comes with a remarkable 2,500-bushel capacity, expanding its lineup of dual-auger models and setting a new standard in the market.

Revolutionize Your Grain Harvesting with Unverferth's 2520 Grain Cart

Impressive Unloading Capacity

The pivoting 24-inch-diameter vertical auger coupled with a 20-inch-horizontal auger and directional downspout allows for an astonishing unloading rate of up to 1,000 bushels per minute. This is especially beneficial when dealing with high-moisture corn, ensuring efficient and timely grain handling. The rear access hatch with a ladder provides easy access for grain tank cleanout, saving time and effort.Moreover, the tongue-cushioned suspension ensures a smooth ride, reducing vibrations and potential damage to the equipment. The extra-large viewing windows offer excellent visibility, allowing operators to monitor the grain handling process with ease. The roll-over tarp adds an extra layer of protection for the grain.

High-Flotation Undercarriage for Large Loads

The Equalizer track design is a game-changer for handling large loads. With a 50-inch-wide by 148-inch long track and front/rear and patented side-to-side oscillation of each track, it provides a consistent footprint across the field. This ensures stability and even weight distribution, even in challenging terrains.The Equalizer SP track design takes it a step further with a 50-inch-wide x 172-inch-long track belt. Its design offers added flexibility through a center-mounted trunnion and individual idler wheels that pivot up/down and left/right. This maximizes ground contact and provides a smooth ride, reducing wear and tear on the equipment. Additionally, both tracks are equipped with an auto greaser that applies lubrication to pivoting points at regular intervals, ensuring optimal performance and longevity.

UHarvest Pro Weighing System for Data Collection

Options include the UHarvest Pro weighing system, which allows for seamless data collection using an ISOBUS connection to the tractor's virtual terminal. It automatically tracks each load, including grower, farm, field, and crop information, as well as truck, destination, and crop variety. This comprehensive data reporting via the included Slingshot cloud storage account provides valuable insights for farmers and helps in optimizing harvest operations.The UHarvest Pro package can also be equipped with a moisture sensor to show dry bushels, and the Accu-Load kit for automatically unloading pre-determined weights. This level of automation and data integration enhances productivity and accuracy in grain handling.

Additional Versatile Options

There are a plethora of additional options available to enhance the functionality of the 2520 grain cart. A 5-function pistol-grip electric-over-hydraulic control allows for easy raising, pivoting, and folding of the unloading auger and 4-way downspout. Cameras can be installed to view the unloading process and/or traffic, providing an added layer of safety. A 275-gallon water delivery system is useful for various applications on the farm. Electric roll tarp operation adds convenience, and the rear hitch with 20,000-lb. towing capacity allows for hauling headers and platforms.For the combine operator, a side-mounted display with large numbers is available for easy viewing of scale information.The 2520 is now available for order for the 2025 harvest. With a list price of $307,000 for the 50 inch wide x 148 inch Equalizer tracks, it offers excellent value for its features. For more information, visit umequip.com or your nearest Unverferth grain cart dealer.
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