By the Numbers: Who's Paying How Much in Cash Rent?
This week the USDA National Agricultural Statistics Service released its county level statistics on cash rental rates for irrigated and non-irrigated cropland and pastureland. Available in table and map form, the Nebraska rates are based on a random sample of nearly 16,000 producers who were surveyed from March through June.
In Nebraska the highest range of irrigated cash rental rates was from $282 in Knox County to $312 in Dixon County. The next highest range was from $236 in Kearney County to $278 in Seward County.
The highest level of non-irrigated cash rental rates—all in eastern Nebraska—ranged from $188 in Pierce and Butler counties to $266 in Dakota County.
The highest range of pasture cash rental rates was from $56 in Platte County to $73 in Pierce County.
The information is based on surveys conducted with Nebraska farmers and ranchers during the first half of 2017.
County Irrigated Non-Irri Pasture
Cuming 291 262 73
Burt 258 230 60.50
Washington 262 220 58
Dodge 268 210 52.50
Saunders 251 198 51.50
Colfax 264 205 66
Platte 285 202 56
Stanton 277 214 71.50
Madison 262 194 na
Pierce 252 188 73
Wayne 290 238 na
Cedar 311 239 66
Dixon 312 248 48
Dakota na 266 43
"These rents represent an average of all rates reported for a county, which means our data set included recently negotiated rents and those that may not have been updated for some time," notes Nick Streff, deputy regional director for the Northern Plains Regional Field Office in Lincoln. "These rental rates will not always represent the current market rate for a given county."
"These rents represent an average of all rates reported for a county, which means our data set included recently negotiated rents and those that may not have been updated for some time," notes Nick Streff, deputy regional director for the Northern Plains Regional Field Office in Lincoln. "These rental rates will not always represent the current market rate for a given county."
Jim Jansen, Nebraska Extension agricultural economist, noted that variability in crop and livestock prices appears to be influencing cash rental rates as well as ag land values. Counties where there are wide production swings from year to year are more apt to have lower cash rental rates due to inconsistent income potential.
The rate growers are willing to pay in rent appears to relate to the land's income-earning potential. If commodity or livestock prices drop, rental rates tend to follow suit, Jansen said.
The University of Nebraska-Lincoln Department of Agricultural Economics also tracks agland cash rental rates in Nebraska and released its most recent data earlier this year in the 2017 Nebraska Farm Real Estate Report. Its report is based on surveys made in early 2017. Rental rates published in 2017 declined an average of about 5% to 10% for the second consecutive year, with several rates dropping by more than 10%.
Renewable Fuels Nebraska Selects Troy Bredenkamp as Next Executive Director
Renewable Fuels Nebraska (RFN), the trade organization for Nebraska’s ethanol industry, announced today that they have selected Troy Bredenkamp to be the organization’s next Executive Director. Bredenkamp, who most recently served as the General Manager of the Nebraska Rural Electric Association (NREA), will begin his role with RFN on November 1.
“We are excited to have Troy and his extensive association experiences leading our organization into the Future,” said Ted Free, General Manager of Bridgeport Ethanol and President of Renewable Fuels Nebraska. “We face a lot of challenges and opportunities in Nebraska’s ethanol industry. Troy possesses the background, the expertise and the vision to help our members navigate those challenges while helping to propel our organization and industry forward”.
Prior to his last position, Bredenkamp served as CEO of the Colorado Farm Bureau, Director of Congressional Relations with American Farm Bureau Federation in Washington, DC and Vice President of Technical Services with Nebraska Cattlemen.
“As the 2nd largest ethanol producing state in the US, this is a tremendous opportunity to serve as RFN’s next executive director, getting in on the ground floor and helping build an organization worthy of the significant economic role that the ethanol industry plays here in Nebraska,” Bredenkamp said. “Agriculture and ruralprosperity have always been passions of mine, and RFN represents ethanol - one of the greatest value-added agricultural products and one with substantial economic significance to this state. I am excited to get started representing this vital industry.”
A native Nebraskan born in York, Bredenkamp was raised on a small family farm near Waco, NE. He holds a BS in Education from the University of Nebraska – Lincoln. Bredenkamp serves on the Nebraska Chamber of Commerce and Industry State Board of Directors and as the Public Affairs Council Chair for the State Chamber. Bredenkamp also serves as the Chairman of the Board of Directors for The Hope Venture, a Lincoln-based charity helping to improve lives in Africa, India and here in the US. He resides with his family in Lincoln, NE.
Pork Proud
Al Juhnke, Executive Director, Nebraska Pork Producers Association
As ‘Pork Month’ comes to a close, we at the Nebraska Pork Producers Association (NPPA) want everyone to know that we are here working year round on behalf of our farmers. In fact, we have been here since 1961 as a grassroots, incorporated, non-profit organization.
NPPA is a USDA Checkoff organization. Via the Pork Checkoff that every Nebraska pork producer pays, dollars are used for three things: education, promotion, and research. As stewards of the checkoff, NPPA makes sure all three of these areas are addressed within our strategic plan and that we are doing the most good for our family farmers and their farming operations.
Our goal, as described in NPPA’s vision statement, is to ensure opportunities for success - for Nebraska’s producers of pork, regardless of size or production style. We do this by educating the public about pork products, and by keeping growers up-to-date on advances in the pork industry. We seek new customers and work to expand our existing pork markets here and around the world. Finally, we know our future is dependent on strong research programs, which we advocate for, and support.
We also work with our state’s youth, by enhancing their opportunities for success within the pork industry. NPPA wants to make sure our kids understand the opportunities available to them in agriculture and the raising of pigs. These young people are our future workforce and an important piece to the economic success of our rural communities. It makes sense to focus part our resources on them.
Pork production in our state is growing and prospering. NPPA and our farmer members are proud of what they do. Know that we will be here when needed as outlined by our motto: Serving Nebraska’s Pork Industry — Responsible people. Sustainable pork.
CLIMATE ASSESSMENT RESPONSE COMMITTEE TO MEET
Mat Habrock, assistant director of the Nebraska Department of Agriculture, has scheduled a meeting of the Climate Assessment Response Committee (CARC) for Monday, October 30, 2017. The meeting will begin at 9:00 a.m. in room 901, Hardin Hall on the University of Nebraska-Lincoln East Campus.
Officials will brief CARC members on existing, as well as predicted, weather conditions and provide a water availability outlook.
For more details, call the Nebraska Department of Agriculture at (402) 471-2341.
Beef Cow Production Meetings to Highlight New Iowa Cowmaker Elite Program
Iowa cow-calf producers will have five opportunities during November to learn about reproductive efficiency and investigate a new approach to managing heifers. Iowa State University Extension and Outreach beef specialist Patrick Wall said the meetings set for Nov. 17-21 will cover selecting the right genetics, right heifer and right bull to achieve individual herd goals.
"The proper timing and attention to detail for a successful A.I. program will also be vetted including age, implants, stress, nutrition, handling, synch protocols and health," he said. "Attendees will also have the opportunity to enroll their 2017 heifer calf crop in the Iowa Cowmaker Elite program at the conclusion of the meeting."
Series locations, dates, times
Friday, Nov. 17, 10 a.m. to 2 p.m. – Pizza Ranch, Creston
Friday, Nov. 17, 4 - 7 p.m. – ISU Extension and Outreach Guthrie County Office, Guthrie Center
Monday, Nov. 20, 10 a.m. to 2 p.m. – McNay Research Farm, Chariton
Tuesday, Nov. 21, 10 a.m. to 2 p.m. – ISU Extension and Outreach Jones County Office, Anamosa
Tuesday, Nov. 21, 5 - 8 p.m. – ISU Extension and Outreach Washington County Office, Washington
There's no fee to attend and several meetings will conclude with tours of cooperating heifer development locations.
“We need our cows to celebrate more birthdays in order to enhance profitability and limit depreciation expense,” Wall said. “The ICE program is designed to help producers select and manage heifers to stay in the herd past age 8, and ensure that their daughters do, too.”
These meetings will feature Dr. Sandy Johnson of Kansas State University who will cover two topics: the attention to detail necessary to achieve a top-notch heifer development program, and use of The Management Minder, a calendar tool used to help producers achieve proper timing when managing heifers.
“The Minder is incredibly easy to use and especially useful for producers who want to manage their heifers for the ICE program at home,” Wall said.
For additional information, visit the ICE web page or contact Wall by email or phone at 515-450-7665.
Urea Leads Fertilizer Price Hikes
Four of the eight average retail fertilizer prices were higher, three were lower and one remained unchanged in the third week of October 2017 compared to one month earlier, according to fertilizer retailers surveyed by DTN.
Urea was up 9% compared to a month ago with an average price of $340 per ton. UAN32's average price increased by about 6% to $262/ton. The average prices for three other fertilizers were just slightly higher or unchanged. Potash and DAP were each up about 1%, at an average $348/ton and $432/ton, respectively. MAP remained unchanged at $452/ton.
The remaining average prices for three fertilizers were lower compared to last month. UAN28 saw a 3% drop in average price compared to last month, at $205/ton. Anhydrous and 10-34-0 each experienced a 1% drop compared to last month, at $397/ton and $413/ton, respectively.
On a price per pound of nitrogen basis, the average urea price was at $0.37/lb.N, anhydrous $0.24/lb.N, UAN28 $0.37/lb.N and UAN32 $0.41/lb.N.
Five of the eight major retail fertilizers are now lower compared to one year earlier. Only one of the five is double digits lower. Anhydrous is now 16% lower from a year ago, while 10-34-0 is 9% less expensive and UAN28 is 8% lower. UAN32 is 4% less expensive and DAP is 1% less expensive.
Three fertilizers are now higher compared to last year. MAP is less than 1% higher, urea is 7% higher and potash is now 11% more expensive.
Co-ops Oppose Increased Tax Burden on Farmers
The National Council of Farmer Cooperatives (NCFC) today expressed strong opposition to provisions included in the recently-released Unified Framework for Fixing our Broken Tax Code that would increase taxes for farmers across the country. By eliminating the Section 199 deduction that is passed down by farmer co-ops to their member-owners, money will flow from the pockets of farmers and rural communities to investment bankers on Wall Street and venture capitalists in Silicon Valley.
Section 199, also known as the Domestic Production Activities Deduction (DPAD) was enacted as part of the American Jobs Creation Act of 2004 and applies to proceeds from agricultural products that are manufactured, produced, grown, or extracted by farmer cooperatives, or that are marketed through co-ops. The great majority of cooperatives pass the benefit through directly to their farmer members. It is estimated that the deduction returns nearly $2 billion annually to rural areas in all 50 states.
“Farmer co-ops have consistently supported tax reform and related policies that support economic growth in rural America as well as the broader economy,” said Chuck Conner, president and CEO of NCFC. “The elimination of the Section 199 deduction for agriculture increases the tax burden on farmers and their co-ops and obviously runs counter to that goal. In a time of continued low commodity prices, those hardworking Americans who grow our food can ill afford for Congress to pass a law that will raise their taxes.”
“As both the House Ways & Means Committee and the Senate Finance Committee begin considering detailed tax reform packages, they must preserve the Section 199 deduction for agriculture and recognize that lower rates by themselves will not offset a loss of the deduction,” Conner continued. “It would be a strange irony indeed if a Republican Congress and a Republican president pass a law that increases taxes on America’s farmers.”
ASA Welcomes ARC-CO Improvement Act
The American Soybean Association (ASA) welcomed legislation introduced this week by Sens. Heidi Heitkamp (D-ND) and Joni Ernst (R-IA), which supports and strengthens the county Agricultural Risk Coverage (ARC-CO) program.
“ARC-CO is of great importance to soy growers, who signed up over 90 percent of soybean acres in the program,” said ASA President and Roseville, Illinois grower Ron Moore. “In hard economic times, finding the best way to provide support against declines in farm revenue is on every grower’s mind.”
ASA, along with eight other agriculture groups, joined a letter to Sens. Heitkamp and Ernst applauding the ARC-CO Improvement Act and highlighting its three provisions which will benefit farmers.
The proposed legislation directs USDA to use more widely-available data from the Risk Management Agency as the first choice in yield calculations, calculates safety net payments based on the county where a farm’s is physically located, and provides the FSA state committee discretion to adjust yield data estimates to help reduce variations in yields and payments between neighboring counties.
NCGA Applauds Bill with Proposed Changes to ARC
The following is a statement from National Corn Growers Association President Kevin Skunes regarding the introduction of a bill yesterday by Senators Heidi Heitkamp (D – N.D.) and Joni Ernst (R-Iowa) directing the Farm Service Agency (FSA) to use crop yield data from the Risk Management Agency for yield calculations.
“NCGA applauds Senators Heitkamp and Ernst for recognizing the importance of having a strong revenue-based program for farmers and taking this step to strengthen the Agriculture Risk Coverage-County Level (ARC-CO) Safety Net Program in the next Farm Bill,” said NCGA President Kevin Skunes. “In this economy, having strong farm bill risk management programs are more important than ever.”
“NCGA believes ARC can be updated to improve its effectiveness in this extended low-price environment farmers are facing,” said Skunes. “NCGA supports a program that utilizes more accurate data to ensure farmers have access to fair and accurate risk management tools.”
NMPF Applauds House Judiciary Committee for Endorsing New Agriculture Guest Worker Program
The National Milk Producers Federation said today it supports the efforts by Chairman Bob Goodlatte (R-VA) and the House Judiciary Committee to pass legislation creating a guestworker program that provides a new opportunity for immigration reform in agriculture.
The committee today approved the Agriculture Guestworker (AG) Act (H.R. 4092), which would establish an entirely new visa program, dubbed the H-2C visa, to allow farm employers to hire foreign workers on a year-round basis. The measure was developed by Rep. Goodlatte after NMPF provided input to the committee about the workforce needs of America’s dairy farms.
Although not ideal, the AG Act “helps advance our efforts to assure a stable, dependable and legal workforce for America’s dairy farmers, now and in the future,” said Jim Mulhern, president and CEO of NMPF. “The AG Act is the first step in a long process of establishing a workable solution for dairy farmers’ labor needs. It recognizes that we must improve on the current system by pursuing a new approach to matching the supply and demand for workers in U.S. agriculture.”
Goodlatte’s bill would replace the existing H-2A temporary visa program, which dairy farmers largely cannot use because their labor needs are year-round, not seasonal. In addition to establishing the new visa for future farm workers, it would allow currently undocumented farm workers to apply for H-2C visas so that they can participate legally in the agricultural workforce.
While the version of the legislation marked up in committee requires further improvements, Mulhern said that overall, the AG Act bill “merits the support of America’s farming community, and its refinement and passage must be a priority for congressional leaders.”
George Rohrer, a dairy farmer in Dayton, Va., and a member of the NMPF Board of Directors, said that farmers “have waited for years for lawmakers to fix our broken immigration system. The AG Act is evidence that Congressman Goodlatte has listened to many of our concerns, and is willing to try a new approach to the problem. As a farmer, it’s difficult to plan for tomorrow when you don’t know whether you’ll be able to hire qualified people today.”
October Cattle on Feed Report Puts Placements Higher
Brian R. Williams, Assistant Extension Professor
Department of Agricultural Economics, Mississippi State University
The United States Department of Agriculture's National Agricultural Statistics Service (USDA, NASS) released their monthly Cattle on Feed report Friday afternoon (October 20, 2017). Placements totaled 2.15 million head, an increase of 13% from September 2016. Market analyst expected placements to be up 7.5%, so the reported value came in higher than the average expectation; although it did fall within the range of expectations. All weight classes saw an increase in placements, with cattle smaller than 600 pounds seeing the largest increase with a 17.4% year-over-year increase. Placements of larger cattle weighing over 900 pounds saw an 11.1% year-over-year increase in placements.
Cattle marketed in September totaled 1.783 million head, up 3% versus last year. Pre-report expectations called for marketings to be 2.6% higher than the same period last year, so estimates higher than analysts anticipated they would be.
The total number of cattle in feedlots with 1,000 head or larger capacity on October 1, 2017 totaled 10.813 million head, up 5% versus October 1, 2016. Market analysts expected a 4.7% year-over-year increase in cattle on feed, so the reported value came in very close to analysts' expectations.
The high placement numbers drove markets down as trade opened on Monday morning, but prices have slowly bounced back over the course of the day. Ultimately the numbers have only had a small impact on the cattle futures complex on Monday morning, with most feeder futures contracts trading around $0.10 to $0.45 lower and live cattle futures contracts trading around $0.15 to $0.45 higher. For the most part, the high placement numbers were still somewhat in line with what trade expected, and had already been built into the markets.
Cargill to Acquire Diamond V
Responding to growing consumer preferences for natural and wholesome food production, Cargill today announced it has signed a binding agreement to acquire Diamond V, a leading global provider of innovative natural solutions and technologies that improve animal health, animal performance, and food safety.
This acquisition, which follows Cargill's recent investment in Delacon, the global leader in natural, plant-based phytogenic additives, will give Cargill market-leading participation in the $20 billion global animal feed additives market, as well as world-class technical, regulatory and R&D capabilities and go-to-market strength in approximately 70 countries worldwide.
"This acquisition strengthens Cargill's and Diamond V's shared vision to be a leader in creating new solutions for evolving consumer preferences for sustainable and wholesome food production," said David MacLennan, Cargill's chairman and chief executive officer. "Our combined businesses will accelerate growth, build industry-leading capabilities and natural solutions for animal health and food safety, and help fulfill Cargill's purpose to nourish the world in a safe, responsible and sustainable way."
Cedar Rapids, Iowa-based Diamond V has a 75-year history and global reputation for developing unique, research-proven immune support technologies that work naturally with the biology of the animal to strengthen the immune system and promote a healthy digestive system to enhance animal health, animal performance, and food safety.
The purchase will encompass all of Diamond V's business, including the human health business, Embria Health Sciences, and its branded product EpiCor®.
Diamond V's headquarters will remain in Cedar Rapids and the Diamond V brand will be the platform for future investments in natural solutions for safer animal food production.
Hundreds of college students come together for animal agriculture
College students from across the nation are competing to win more than $16,000 in scholarships as they participate in the Animal Agriculture Alliance’s eighth annual College Aggies Online program. This year’s students represent 89 different universities coming from 43 states. About 300 students are competing in the individual division of the program while more than 30 collegiate clubs compete in the group division.
Each week students are tasked with posting about a facet of agriculture on Facebook, Instagram and Twitter. So far, the students have shared about pigs, dairy cows, broiler chickens, laying hens, sheep and goats. This week, the students are posting about hot topics in agriculture, such as genetic engineering, hormones and antibiotics.
“The program not only helps students enhance their communication skills, but provides them with resources to learn more about areas of the industry they may not be familiar with,” said Hannah Thompson-Weeman, Alliance vice president of communications.
A few weeks ago, experts from National Cattlemen’s Beef Association, National Pork Producers Council and U.S. Poultry and Egg Association hosted a webinar for students covering current issues in the beef, pork and poultry industries. Issues included the recent activist pushes for slower-growing broilers and cage-free eggs, trade and communicating about responsible antibiotic use.
Mentors from across the agriculture industry volunteer their time to help students with weekly assignments and offer advice about engaging online. This not only helps the student improve their advocating sills, but offers a unique opportunity to network with leaders who may become their future employers.
2017 mentors include:
Casey Whitaker, communications manager, Animal Agriculture Alliance
Josie Peterson, communications manager, Biotechnology Innovation Organization
Don Schindler, senior vice president of digital innovations, Dairy Management Inc.
Chloe Carson, manager of digital communications, National Pork Producers Council
Kourtney Determan, manager of strategic and digital communications, National Chicken Council
Allison Devitre, regulatory information management and communications manager, Monsanto
Eric Mittenthal, vice president of public affairs, North American Meat Institute
Charmayne Hefley, manager of organizational communications, National Cattlemen’s Beef Association
Tim Hammerich, agribusiness recruiter and founder, Ag Grad, LLC
In addition to weekly social media posts, the students are writing blog posts, designing infographic, creating surveys and learning how to incorporate humor into advocating. “This year’s group is the most engaged yet,” said Casey Whitaker, Alliance communications manager. “Their passion for agriculture definitely shines through in their work.”
Clubs are challenged with hosting events on their campus to start conversations about animal agriculture with their peers. Students must prepare for their event by sending out press releases, posting on social media and inviting a farm to attend. One of the most popular challenges this time of year is Scary Food Myths. For this event, students hand out candy with myths and facts about meat, milk, poultry and eggs to fellow students on their campus.
The students have two weeks left to impress the mentors for their chance to take home a scholarship and be invited to the Alliance’s 2018 Stakeholders Summit, themed “Protect Your Roots”, set for May 3-4 in Arlington, Virginia. The top three individuals and clubs will be announced before Christmas break.
To follow the students’ posts and engage with them about the program, search #CAO17 on social media.
CAO would not be possible without the generous support of our sponsors. 2017 sponsors include: Dairy Management Inc., the National Pork Industry Foundation, CHS Foundation, Pork Checkoff, Monsanto, Domino’s Pizza Inc., Biotechnology Innovation Organization, Kuhn North America and the Ohio Poultry Association.
Organic Certification: A Critical Link in the Supply Chain
As the demand for organic food and products in the United States has grown dramatically over the last 10 years, so has the complexity of organic supply chains. The supply chain, domestically and internationally, now involves a series of complex transactions with businesses that grow, handle, package, manufacture and transport organic goods. USDA accredited certifiers ensure that the integrity of the supply chain is unbroken from farm to table for American families.
Ensuring Public Trust in the Organic Seal
USDA's Agricultural Marketing Service National Organic Program (NOP) provides training and support for more than 2,000 certifier staff worldwide so they have the necessary tools to ensure the integrity of the system through consistent enforcement of the law.
Today, the agency published an interim instruction, NOP 4013: Maintaining the Integrity of Organic Imports, that provides a range of available information in one convenient place. The interim instruction details the requirements for certifiers who oversee organic products imported into the United States. The instruction:
- Clarifies responsibilities for certifiers in the U.S. and around the world
- Recommends best practices for reviewing and issuing import related documents
- Highlights handling instructions needed to maintain the integrity of the organic status for imported organic products
- Details required documentation and recordkeeping
Public Comments Welcomed
While Interim Instruction NOP 4013 is designed to assist USDA accredited certifiers, public comment is also invited.
The 60-day public comment period runs from October 25, 2017 until December 26, 2017.
Turn the Bag Blue & Gold Program Helps FFA Students
How can a seed bag help FFA students raise funds and learn? Mycogen Seeds is partnering with the National FFA Organization, local chapters and select retailers to promote a 60th anniversary edition, blue-and-gold Mycogen Seeds bag.
Mycogen’s Turn the Bag Blue & Gold program will work with select retailers and local FFA chapters in corn-growing regions to implement a comprehensive learning program that provides foundational agronomic principles and professional selling training. Chapter members will apply the training in the field by selling special blue-and-gold bags of select Mycogen® brand corn hybrids to local farmers as part of a fundraising program.
“We’re excited about this opportunity — not only the fundraising opportunities it offers local chapters but also the career and educational development these young leaders will receive as part of the program,” says Zach Ferguson, Mycogen Seeds corn product manager. “To top things off, farmers will receive seed in an FFA blue-and-gold Mycogen Seeds bag.”
Students will hit the field this fall
Chapter members will begin the curriculum this fall and, throughout the next few months, will work with local Mycogen sales, agronomy and retailer teams to call on local corn farmers to position and sell select Mycogen® brand corn hybrids. For every bag of corn sold, the local chapter will earn funds for their local chapter.
Mycogen is piloting the program with seven retailers and FFA chapters. To learn more, visit Mycogen.com or contact your local Mycogen Seeds sales representative or retailer.
Farmers interested in supporting the program and their local FFA chapter can contact one of the following participants or Mycogen retailers.
Aurora FFA Chapter, Aurora, Nebraska
Aurora Cooperative, Aurora, Nebraska
York FFA Chapter, York, Nebraska
Central Valley Ag Cooperative, York, Nebraska
North Shelby FFA Chapter, Shelbyville, Missouri
Vortex Seeds, Leonard, Missouri
Centralia FFA Chapter, Centralia, Missouri
MFA Incorporated, Centralia, Missouri
Bureau Valley FFA Chapter, Manlius, Illinois
CPS, Sheffield, Illinois
South Newton FFA Chapter, Kentland, Indiana
Ceres Solutions, Rensselaer, Indiana
Eastern Hancock FFA Chapter, Charlottesville, Indiana
Harvestland, Wilkinson, Indiana
“We look forward to our first year in this program,” Ferguson says. “FFA members are a driven group of young leaders with high aspirations of a future career in agriculture. We’re a proud sponsor of the National FFA Organization and excited to celebrate 60 years of sponsorship with the Turn the Bag Blue & Gold program. We hope it inspires FFA members and showcases the exciting opportunities available in the agricultural industry.”
DuPont Collaborates with WinField United to Offer Best-in-Class Phytophthora Protection
WinField United and DuPont announced today that Winfield is offering DuPont™ Lumisena™ fungicide seed treatment in its United States retail locations, starting immediately.
By using a new class of chemistry, Lumisena™ fungicide seed treatment provides the most advanced seed-applied technology to help control phytophthora, the No. 1 yield-robbing disease in soybeans.
“As a farmer-owned cooperative, we constantly strive to find new ways to bring farmers the latest solutions alongside our unparalleled local expertise,” said Teri Otte, marketing manager, WinField United. “We are pleased to offer soybean growers the latest technology to combat phytophthora, protecting their seed investment in the first vulnerable weeks after planting.”
Lumisena™ fungicide seed treatment, which will be offered with other WinField United seed treatment products, received federal regulatory approval in November 2016 and was introduced into large-scale trials across the United States. According to trials,* Lumisena™ has shown to enhance vigor and emergence, improve yield 1.7 bushels per acre in the presence of phytophthora, provide the best-in-class protection and improve crop stand.
“We are excited to see Lumisena™ fungicide seed treatment reach more operations and help growers maximize their yield potential,” said David Borgmeier, U.S. Seed Applied Technologies Category leader, DuPont, “and we are pleased to be collaborating with WinField United to introduce this highly effective seed treatment to farmers.”
Lumisena™ provides a unique mode of action to control phytophthora during multiple stages of the pathogen life cycle. It is taken up systemically from the moment the seed begins to grow, providing effective protection for root growth, emergence and early stand establishment to help maximize soybean yield potential. Lumisena™ has an excellent environmental profile and is highly effective at low dose rates.
Solid first nine months with strong growth in Q3
Novozymes, the world’s largest industrial biotechnology company, today announced its results for the nine months of 2017. Solid results with 4% organic revenue growth (Q3: +8%): Household Care +2%, Food & Beverages +9%, Bioenergy +10%, Agriculture & Feed -2%, Technical & Pharma -3%. Reported EBIT margin at 27.9%. FCF bef. acq. DKK 2.1 billion.
Peder Holk Nielsen, President & CEO of Novozymes: “We grew revenue by 8% organically in the third quarter and by a satisfying 4% in the first nine months. This was better than expected. The EBIT margin was solid, as was free cash flow. And although there is still some uncertainty regarding the fourth quarter, especially within agriculture-related industries, we are adjusting the full-year outlook. With stronger innovation and a well-diversified business showing good, solid momentum, we are positive looking ahead.”
Highlights:
- Organic revenue growth in first 9M y/y of 4% (Q3: 8%) and 4% in DKK (Q3: 6%)
- 3 out of 5 areas grew; Food & Beverages and Bioenergy continue to perform well
- Agriculture & Feed improved as BioAg sales cycle moves from 1H to 2H
- Emerging markets 4%, developed markets 4% (9M y/y organically)
- 9M EBIT growth of 5% with a reported EBIT margin of 27.9% (9M 2016: 27.7%)
- Q3 EBIT margin at 29.6% (Q3 2016: 28.7%)
- Free cash flow bef. acquisitions solid at DKK 2.1 billion; higher investments as expected
- Named the “World’s 2nd best science employer” in Science Magazine
- Still some uncertainty regarding agriculture-related markets in Q4
- Full-year outlook adjusted: organic revenue growth 3-5% (2-5%), DKK revenue growth 2-4% (1-4%), EBIT growth 2-4% (1-4%). EBIT margin maintained at ~28%. FCF bef. acq. at DKK 2.1-2.3 billion (DKK 2.0-2.2 billion). Net profit growth 2-5% (2-5%), incl. a DKK 60 million write-down on net financials (DKK 47 million post-tax) in Q3
Welcome to the KTIC Agriculture Information blog!!! Check back here for the latest in ag news and information, from local events to international happenings and government reports that affect your operation. Please email with suggestions! -Chad Moyer, Farm Director, KTIC Radio
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