In the Chicago district - covering the primary corn belt the rapid rise continues as well, but not as frenzied as last year. The Chicago fed office is reporting a 19% year-over-year increase in the first quarter of this year for good quality farmland. Iowa leads the district with a 27-percent gain.
The latest US crop progress report shows 87% of the nation's corn crop has already been planted, and soybeans are about half done. In Illinois, even though 95% of the corn is in the ground, progress has slowed as Mother Nature kept many farmers out of the field. AgDay's national reporter Tyne Morgan gives us the tale of two Illinois farmers, with two different plots this planting season.
University of Illinois extension is already warning farmers of Black Cutworm. Moth flights earlier this spring appear to have increased the presence of larvae. Early feeding appears as a pinhole on corn leaves, as the cutworms get older, it can destroy corn plants. Experts say early detection is key.
In agribusiness today, RJ Obrien is calling for changes from the CFTC. The future brokerage and clearing house wants trading stopped 15 days a year while USDA reports come out.
Goat farms are popping up across the country. The surge can be linked to the growing population of people with Latin, African and middle eastern heritage living in the United States. With these new immigrants come new dietary traditions and favorites, like goat meat. And that's creating a potential market for farmers. Sherri McKinney has details in this report provided by the Virginia Farm Bureau.
FOOD AND FAMILY:
The Food and Agriculture Organization says India is the leader in goat milk production with 4 million metric tons, followed by Bangladesh and Sudan. We've all heard food safety warnings, a new study shows people may actually be listening.
Just a reminder - time is running out if you want to register to win a brand new Yamaha side-by-side. We're giving away this Rhino 700 next week.