Due to the prolonged and extensive impacts of weather events this year, the U.S. Department of Agriculture (USDA) today extended the deadline to December 20 for producers to enroll in the Dairy Margin Coverage (DMC) program for the 2020 calendar year. The deadline had been December 13. USDA announced is also continuing to accept applications for the Market Facilitation Program through December 20.
AMF index down 5.1%, average price US$4,840/MT
Butter index down 4.9%, average price US$3,983/MT
BMP index up 1.6%, average price US$2,846/MT
Ched index up 2.7%, average price US$3,797/MT
LAC index not available, average price US$779/MT
RenCas index up 4.9%, average price US$8,047/MT
SMP index up 1.9%, average price US$3,068/MT
SWP index not available, average price not available
WMP index up 0.1%, average price US$3,331/MT
The Iowa State University (ISU) Extension and Outreach Dairy Team will host its annual Dairy Directions Series Dec. 10 in Sac City and Dec. 11 in Pocahontas.
The series will focus on replacement heifers, risk management, cooling dairy cows and updates on the dairy market and ISU dairy herd.
In response to high levels of both personal and financial farm stress, Iowa State University Extension and Outreach is hosting a Farm Couple Getaway Feb. 21-22 at the Lakeshore Center at Okoboji in Milford.
The program is designed for farm couples who want to improve farm family communication, set goals for the family and farm, work through farm succession or just spend the weekend off the farm discussing and working on their farm family issues.
There were 23,000 workers hired directly by farms in the Cornbelt II Region (Iowa and Missouri) during the reference week of July 7-13, 2019, according to the latest USDA, National Agricultural Statistics Service – Farm Labor Report. Farm operators paid their hired workers an average wage rate of $15.08 per hour, up $1.24 from July 2018. The number of hours worked averaged 37.2 for hired workers during the reference week, compared with 33.4 hours in July 2018.
During the reference week of October 6-12, 2019, there were 26,000 workers hired directly by farms in the Cornbelt II Region (Iowa and Missouri). Farm operators paid their hired workers an average wage rate of $15.10 per hour during the October 2019 reference week, up $0.57 from October 2018. The number of hours worked averaged 38.3 for hired workers during the reference week, up from 35.6 hours in October 2018.
Milk production in Iowa during October 2019 totaled 442 million pounds, down 1 percent from the previous October according to the latest USDA, National Agricultural Statistics Service – Milk Production report. The average number of milk cows during October, at 217,000 head, was the same as last month but down 3,000 from last year. Monthly production per cow averaged 2,035 pounds, up 10 pounds from last October.
The popular media is having a “hayday” with the uptick in farm bankruptcies; up 24 percent over 12 months ending in September 2019; and Dean Foods Co., the biggest US milk company filing for bankruptcy protection this week. According to a Farm Bureau Federation report, Iowa had a total of 24 Chapter 12 Farm Bankruptcies during that time period and increase of 10 from the previous 12 months.
The milk production forecasts for 2019 and 2020 in the recent WASDE report were raised from the previous month as stronger growth in milk per cow more than offsets a slower expected recovery in the cow
As of September 6,2019, the Iowa Department of Agriculture and Land Stewardship noted that Iowa has 1,010 licensed milk producers, down from 1,076 in January. The loss of 66 dairies represents a 6.1 percent reduction. This includes both grade A and B producers. In addition, there are 217 goat milk producers and one sheep milk producer.
Agricultural lenders will receive current useful, research-based information during the Siouxland Agricultural Lender’s Seminar on Thursday, Nov. 7 with registration at 8:45 a.m. and programing from 9:00 a.m. to 3:45 p.m. at the Triple Box near Orange City. The seminar will present current information to assist lenders and farm financial advisors in their portfolio management, which is especially important in this era of continued market variability.