From the Editor for Sept. 9
Sep 09, 2011
From The Editor
September 9, 2011
Hello Pro Farmer Members!
I had a very eventful week! After dragging back from the three-day weekend, I ducked into the office for some early-week duties, then headed up to Pro Farmer member Ken Eckhardt's place in Minnesota Lake, MN, to shot an episode of Outdoors on the Farm. Ken's got a real passion for building "something out of nothing" when it comes to rebuilding wildlife habitat. We also talked about how he's managing the land around a wetland to limit crop damage from wildlife while maximizing returns from both the farmland and the wetland.
For the hunting portion of the show, we were planning to do the early Canada goose season... but we had to option for "plan B." It worked out unbelievably well with a bunch of hunting action.
Then it was back to the office to produce your newsletter. We spent plenty of time on the inside of the newsletter trying to help you prepare for what's coming Monday -- USDA's Crop Production Report. You know USDA's crop condition ratings are low. But in the last 10 years, there have been three years with corn and soybean Crop Condition Index ratings on Sept. 1 below this year's rating. We detail what happened with USDA's yield estimates for both corn and soybeans in those years in the newsletter this week.
Admittedly, the findings work against our current national average corn yield estimate of 147.9 bu. per acre. That, however, does not mean we're changing our estimate. It does, however, make me a little "uneasy" heading into Monday's Crop Production Report. The entire market place is anticipating a lower-than-August corn yield estimate from USDA. If USDA actually increases its corn yield estimate from 153 bu. per acre, the market will undoubtedly be sharply lower to limit-down come Monday morning.
We'll put our best analysis on the numbers from USDA and get our reaction out to you as soon as we can Monday morning!
That's it for this week...
Have a great weekend!!