Local Interest

The U.S. Department of Agriculture is updating livestock insurance policies to improve options for producers and to create additional opportunities for producers to participate.

USDA’s Risk Management Agency’s (RMA) updates to the Dairy Revenue Protection (DRP) and Livestock Gross Margin (LGM) policies will be effective for the 2022 and succeeding crop years.

“We are always looking for ways to improve the insurance program and coverage for our producers,” said RMA Acting Administrator Richard Flournoy. “We strongly feel that these updates will benefit producers and their dairy and livestock operations in the years to come.”

Updates to DRP

As more Americans receive their COVID-19 vaccination and some local restrictions begin to ease, the food service industry is starting the process of reclaiming its share of the consumer food dollar.

Meat demand has been very strong over the past year, with meat sales at retail outlets up 18% by volume over the past year, according to information from the National Pork Board.

That includes a 19% increase in pork sales, says Kiersten Hafer of One Mind LLC, who works on strategic and consumer insights with the National Pork Board.

Although the market fundamentals for soybeans have remained largely unchanged over the past couple weeks, that has not been the case for soybean prices, which have risen dramatically.

In fact, as of April 27, the soybean market had enjoyed nine consecutive days of rising prices with local prices ranging well above $15 per bushel. Looking at prices in the region, at one local elevator in west central Minnesota regularly followed in this column, as of April 27, the May cash price for soybeans was $15.38 and basis was -5 cents under. The October 2021 futures price for new crop soybeans was listed at $13.61 and basis was -1 cent under.

Editor’s note: The following was written by Bob Hartzler, Iowa State University professor of agronomy, for the Extension Integrated Crop Management website.

The potential for dry weather across the state raises concerns about the impact of dry soils on preemergence herbicides.

Understanding the How and Use of NASS Cattle Reports
Thursday, April 29, noon

With: Nick Streff, USDA NASS, and Elliott Dennis, UNL Agricultural Economics

Nick Streff is the Director of the USDA NASS Northern Plains Regional Field Office in Lincoln NE. Nick oversees data collection, analysis and publication of NASS estimates for the states of North Dakota, South Dakota, Nebraska and Kansas. Prior to moving to Nebraska, Nick was the hogs and pigs statistician for USDA NASS. Nick will be taking us through an in depth look at the NASS cattle reports.

Registration is open at https://farm.unl.edu/webinars

Ag Econ’s Farm and Ranch Management webinar series will close out the month with a session on winter wheat this week, followed by an overview of NASS Cattle Reports next Thursday.  

Registration is open at https://farm.unl.edu/webinars

The Economic Viability of Winter Wheat
Thursday, April 22, noon

With: Cody Creech, Dryland Systems Cropping Specialist, Nebraska Extension; Dave Petersen, Area Claims Manager, Rural Community Insurance Services; and Cory Walters, Associate Professor and Grain Economist, UNL Agricultural Economics.

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Principles for Attracting and Retaining Quality Ag Employees webinar - a panel discussion

November 29, 2021
Help- wanted signs are everywhere. Hiring is so difficult that many are calling this the "Great Resignation." Agricultural businesses in Nebraska are not exempt from this challenge; competition for available workers comes from area industries, and the labor market is tight.

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Beef Quality Assurance certification offered in December across Nebraska

November 29, 2021
Nebraska Extension and Nebraska Beef Quality Assurance will be offering Beef Quality Assurance Certification across the state from Dec. 13-15.

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Panhandle Perspectives: Suggestions for planning for rising fertilizer prices and bull markets

November 26, 2021
Rising fertilizer and input prices are the hot topic of conversation in rural coffee shops across the corn belt.

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Dec. 15 Extension workshop to cover crop inputs, cost of production

November 22, 2021

Lincoln, Neb. —Nebraska Extension will present a live workshop covering 2022 inputs and cost of production for crop producers on Dec. 15 from 10 a.m. to noon at the Panhandle Research, Extension, and Education Center, 4502 Avenue I, Scottsbluff.

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