Special offer

FEDS Say: 2016 Record Crop Coming...Farmers Say Something Else.

By
Real Estate Broker/Owner with Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska

Records Yields Coming? "Don't Believe It", Shiers Farm Kearney NE Mike McCann Brokersay central Nebraska farmers.

The USDA says we are tracking for record crops...They are just guessing at this point.

By now, you may have seen the Report circulated late last week that farmers will see record crop yields this year.

If not...here is the PDF report released on August 12, 2016.

http://www.usda.gov/oce/commodity/wasde/latest.pdf

You would think a record crop would be something to cheer about...but the truth is prices are too low right now for the corn and soybean farmers to make a profit.

In the Midwest, we had a lot of heat at the wrong time. Late night heat...when corn is trying to aspirate or cool down and breath has damaged the yields.  During the time corn is pollinating, the temperatures were very hot during the day and very warm at night...these are big negatives in regards to yields.

Here is another article on the subject: http://www.cnbc.com/2016/08/12/government-sees-record-corn-harvest-but-some-say-early-estimates-too-optimistic.html

It is way too early to be saying there is a new record crop.

The farmers are saying NO...and for now...I will go with their word.

Until Next Time...

Posted by

 

Mike McCann Nebraska Land Broker This has been Mike McCann...Nebraska Land Broker...Coming to you from the Farm Land of Nebraska and America!! Visit me at www.mikemccann.com to learn more about the agricultural and farm land for sale market. 

Many farms For Sale in Nebraska are not listed publicly...please call, text, or e-mail with your questions, wants, and needs!

Mike is your Ag, Farm, and Auction expert throughout Nebraska!

308-627-3700 and 800-241-3940 call or text me at these numbers or

mike@mikemccann.com for easy e-mail access! Mike McCann Nebraska Land Broker

 

Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

My cousin grows soybeans in Illinois. I will have to ask him what he thinks. I found your report interesting. It's too bad corn and soybean prices are so low. 

Aug 15, 2016 12:24 PM
Mike McCann Nebraska Land Broker
Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska - Kearney, NE
Farm & Commercial Property For Sale 308-627-3700

Hi Debbie Laity I would love to hear his thoughts. I know they have had good moisture this year in Illinois. We need corn to be in the mid $4.00+ range and beans to be in the mid $10+ range for the farmers to make a fair living.

Thank you for stopping by!!

Aug 15, 2016 01:57 PM