Buchanan County, IA Yield Results
NW District: 180 BPA
NE District: 184 BPA
SW District: 195 BPA
SE District: 149 BPA
Overall County Average: 177 BPA
Friday, August 30, 2013
Crop Tour Yield Check | Stop #7 Norman Scout Team
Two different sets... 164.9, 172.1 on one variety.... 235, 196.7. North field avg 215.88 - Sputh field avg 168.5.
From Adam White & Brian Carlson | The Big Show
Carlson said they gave a shout out to the blog on the big show!
From Scott Hingtgen | The Big Show Text Line
How's the crop tour going? its hotter than hell over here now.I put it on the big show because I didn't think you believed that we were actually working today!
Crop Tour | From Adam White Scout Team
Our average for the day is 198. Hard to believe but the numbers don't lie do they?!!
From Jessica Reis | The Big Show
Just heard the news from the coffee shop & crop tour shout out on the big show...nice!
Crop Tour Yield Check | Central Buchanan County
Light soil...first field planted in mid-May. 198.2 to 208, average of 201.7 bu/ac
Crop Tour Yield Check | 2013 Variability
2013 variability.... Yield range 136.72 to 181.72 witness an average of 165.5.... On to the next
Crop Tour | Corn on Corn vs Corn on Soybeans
Lower yield estimate on larger diameter ear (due to ear count), but much better kernel depth and less N stress.
Crop Tour | Common Rust- 2013 Poster Child Disease
Three consecutive leave from the ear leaf up....
From Marcus Norman, Innovative Ag Services
Crop Tour Yield Check | Eastern Blackhawk County
This did have late side dress Urea by air.... 50 units. The rain still leached more N than acceptable....
However.... Still, two yield checks 192.8 and 182.47 with a noticed increased ear count.
Crop Tour Yield Check | NW Buchanan County
Much better ear count... Range 153.9 to 181.92 avg of 167.9. No-till corn on corn with fairly intensive management.
Crop Tour | Insect issues remain
Seeing some root worm beetles flying around in a few fields
From Adam White, Richard Crain & Benji Michels
Second picture from Marcus Norman's Group
Crop Tour Yield Check | Independence Area
235 average yield estimate
Corn on Corn
20in rows
Spring applied ammonia
Crop Tour Yield Check | Buchanan County | Rowley Corner
Average yield estimate of 174 BPA, range of 157 to 190 BPA
103 & 105 day Pioneer Corn
Corn on Corn at 33,500 population
Split Nitrogen application of spring anhydrous and 32% liquid knifed in mid July.
Thursday, August 29, 2013
Crop Tour '13- August 30th
Crop Tour 2013 will be held tommorrow, August 30th beginning at 7:30 AM.
Please meet at the Vogel Crop Services Pioneer building in Independence, IA.
The plan as of now, is to split into groups go over the measurment procedure quickly, and be on the road shortly before 8AM!!
The tour is expected to conclude between 3 & 4 PM!
The weather is expected to be WARM again tommorrow, please plan accordingly.
See YOU in Independence tommorrow morning!!
Wednesday, August 28, 2013
Bankrupt AgFeed Unit Goes To Company Trio In $79.2M Bid
By Jamie Santo
Law360, Wilmington -- Bankrupt hog farmer AgFeed Industries Inc. on Tuesday announced a new buyer for its U.S. operations as a collection of companies combined to overtake the stalking horse bidder at auction with an offer valued at $79.2 million.
The offer from High Plains Pork LLC, Cohoma Pork LLC and Murphy-Brown LLC was tapped as the winner at a Monday auction, edging out stalking horse The Maschhoffs LLC, according to a notice filed in Delaware bankruptcy court.
AgFeed selected the triumvirate's bid, which includes less cash than The Maschhoffs' offer, after determining the deal provided a greater net value, the notice said.
AgFeed placed the net value of the winning bid at more than $79.2 million, a figure that accounts for a cash purchase price just shy of $54.2 million, adjustments for the payment of certain fees and expenses, and proceeds to be received from the sale and collection of assets not being acquired, according to the notice.
The Maschhoffs' offer, which includes a cash component of nearly $80.8 million, was deemed to have a net value of about $79 million after similar calculations, the notice said.
AgFeed selected the winning bid after consulting with advisers, the official committee of unsecured creditors, the official equity holders committee, and secured lender Farm Credit Services of America, according to the notice.
A sale hearing is scheduled for Thursday before U.S. Bankruptcy Judge Brendan L. Shannon.
Court-approved bid procedures allow AgFeed to consider a combination of piecemeal offers for its various assets, so it is unclear if High Plains, Cohoma and Murphy-Brown are pooling together or if each is acquiring individual properties.
Counsel for AgFeed was not immediately available for comment Tuesday.
The Maschhoffs were tapped as the back-up bidder, which AgFeed can fall back on in the event that the sale to the winning consortium doesn't close.
For serving as a stalking horse, The Maschhoffs are entitled to a breakup fee of just under $2.4 million and a maximum reimbursement allowance just short of $800,000, according to court documents.
AgFeed Industries, which breeds hogs in China and the U.S., sought court protection on July 15 with an agreement in hand to sell the bulk of its domestic operations — AgFeed USA LLC and related subsidiaries — to industry rival The Maschhoffs LLC for $79 million.
At the bid procedures hearing earlier this month, AgFeed attorney Robert S. Brady said that under the asset purchase agreement with The Maschhoffs, the $79 million price tag would be lowered by about $12.5 million to account for the hogs sold off since the deal was struck. The Maschhoffs would take on $5.1 million in assumptions, however, putting the total value at about $71.6 million.
Additional assets would be available to creditors as well, Brady said, since the deal does not include some $7 million in cash brought in by recent hog sales and AgFeed USA's facility in Oklahoma, which continues to be marketed.
Secured debt owed to Farm Credit Services of America would total about $69 million as of the end of August, he said.
AgFeed USA's troubles stem from a falling out with primary business partner Hormel Foods Corp., which provided about half of the young pigs the company raised and later bought back full-grown hogs, according to court documents. The parties have agreed to wind down their arrangement by the end of the year, and AgFeed stopped purchasing young pigs from Hormel on July 1.
AgFeed is represented by Robert S. Brady, Donald J. Bowman Jr., Robert F. Poppiti Jr. and Ian J. Bambrick of Young Conaway Stargatt & Taylor LLP.
The creditors' committee is represented by Sandra G.M. Selzer of Greenberg Traurig LLP and Jeffrey D. Prol, Timothy R. Wheeler, Beth L. Williams and Bruce S. Nathan of Lowenstein Sandler LLP.
Farm Credit Services is represented by Michael B. Schaedle and Regina Stango Kelbon of Blank Rome LLP.
The case is In re: AgFeed USA LLC, case number 1:13-bk-11761, in the U.S. Bankruptcy Court for the District of Delaware.
--Additional reporting by Matt Chiappardi. Editing by Philip Shea.
Tuesday, August 27, 2013
Monday, August 26, 2013
Ponzi Scheme
Benjamin Riensche (@BenRiensche) tweeted at 0:33 PM on Mon, Aug 26, 2013: 2012 early harvest #corn used in 2011 mkt year, "finding" 400k bu, 97? Mil acres, >prevent planting. Maybe today the USDA's corn Ponzi ends
Pork industry finds out how to have it both ways
Alan Guebert - Farm File
via News-Sentinel.com
The marketing geniuses hired by the National Pork Board sure sold a lot of hams, bacons and butts when, in 1987, they began to promote pork as “The Other White Meat.”
Now, 25 years after that brilliant sleight of hand, the pork crowd wants to be known as something else – the other red meat, beef.
Two years ago, checkoff leaders from the Cattlemen's Beef Board (CBB) and the National Pork Board (NPB) voted to fund a joint research project to “reduce and eliminate consumer confusion at the meat case.”
The result was a complete overhaul of something that goes by the unappetizing name of URMIS, or the Uniform Retail Meat Identity Standards.
The makeover, according the beef, pork and lamb checkoff-funded website www.meattrack.com, “created a Common Name standard that simplifies cut names, reduces unappealing terms, eliminates redundancies and provides a unique name structure for meat cuts.”
Well, kind of.
For example, the complicated name “pork chop” is out and in is “pork porterhouse chop.” Other pork chops will get other new names. The “pork rib chop” will become the “pork ribeye chop” and the “pork top loin chop” will shed that completely unworkable name for the much preferred “pork New York chop.”
In all, “14 cuts of pork are getting new consumer-friendly cut names, many that align with already-famous beef names,” explains www.porkretail.org, a pork checkoff-funded website that dives into the pork-maiden/beef-married name thing.
Not surprisingly, the name changes “right out of the gate” will “help consumers think about pork in a whole new way: like a steak,” explains the website. This is “an unprecedented opportunity… to reap extraordinary benefits…”
Unless, of course, you're sitting on a horse looking at a herd of cattle that will become actual porterhouses, ribeyes and New York strips.
So how did the beef checkoff fund research that ended up with pork shoulder being sold — no kidding — in meatcases and restaurants as “brisket”?
Danni Beer, a South Dakota rancher and fellow CBB member, wrote USDA a letter in May, that asked that exact question. In it she explains how she was given a 223-page book on beef checkoff “Authorization Requests” back in 2011 to study.
Many of those “ARs,” noted Beer, included “Attachment A's' from the National Cattlemen's Beef Association,” the beef checkoff's main contractor. One of those NCBA attachments, she explained, included funding for tracking “consumer confusion at the meatcase.” But “nowhere,” she went on, “can I find a measurable objective that includes working with the National Pork Board… to develop across species a set of common names for retail cuts.”
Well, wrote the USDA in reply, maybe “the AR could have been written more clearly,” but since it was approved, it's now in effect.
And that's just how it is in the checkoff world where up is down, red meat is white meat and the very next pork checkoff slogan might be, Pork: And You Thought You Were Buying Beef!
Sunday, August 25, 2013
Yield Potential 86k Corn | Hingtgen POPULATION TRIAL
Well Pete, you asked for it,here it is.
Hope I don’t screw this up! Corn planted at 80K & 86K along with replant at 40K. First planted my brain fart on 5-21-13, replant 5-31-13.
Here is my disclaimer.......yields are based on my late 80’s-early 90’s Wyffels yield calculator and ears were picked in a very small area (field received .6” of welcomed rain Thursday morning) and some amount still remained, making the walk very itchy.
Ear counts and extremely unofficial yields using 10% reduction in final stand (remember,this is farmer math) on corn planted in 15" rows. 86K yield 180 bu./acre(13x16 avg. ear size with 77.4K final stand). 80K yield 220 bu/acre(16x17 avg. ear size with 72K final stand). 40K yield 210 bu./acre(16.5x32 avg. ear size with 26K final stand). After this research I think I could have had 280 bu./acre corn with 80K if the rain wouldn't have stopped and not had tip back(16x25x72K). Who need research farms when I do it with no taxpayer funding(but I'm not against donations). Note: Pictures are as follows... 86k, 40k, 80k, samples of ears are 86k, 80k, 40k
JD 4450 Sale Report
Greg Peterson (@MachineryPete) tweeted at 3:46 PM on Sat, Aug 24, 2013: 1987 JD 4450 2WD with 2918 hours sold for $46,500 on southeast Iowa farm auction today http://t.co/Nx6bKbuM5f
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