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“Human nature is to do nothing, but that means you can end up with three years of corn on your farm,” says Ben Brown, agricultural economist at the University of Missouri. “This strategy makes you proactive.”

The 2023 farm bill may not be completed before it expires on September 30 but there is hope it could be done by year end.

Grains mostly lower with profit taking on better extended weather, but still supported by global supply concerns. Chuck Shelby, Risk Management Commodities says cattle and hogs supported by higher cash.

The International Grains Council (IGC) raised its forecast for 2023-24 global corn production to 1.22 billion metric tons, reflecting an improved outlook for the United States.

To encourage fair treatment of specialty crop and small farmers, Sen. Cory Booker (D-N.J.) and Rep. Andrea Salinas (D-Ore.) are proposing a new bill: the Insuring Fairness for Family Farmers Act (IFFFA).

AgDay TV Markets Now: Darin Newsom with Barchart says funds still buying and chasing Black Sea headlines in wheat, while profit taking hits row crops Thursday.

Wheat ends slightly higher Thursday, but corn and soybeans finally set back. Cattle hit new highs then crashed despite higher cash. Darin Newsom with Barchart has the analysis.

The grain markets this week had trading ranges typical of a daily range a few months past. They appear to be calming down ahead of USDA’s February reports and USDA’s Ag Outlook Forum, says Jerry Gulke.

From 2020 to 2021, Susan Weaver Ford gained 8,900 neighbors, as the population of her county jumped 4%. “I used to farm fields that now have 40 houses,” she says. “The city is meeting us pretty quick.”