Soy Briefs02/06/2020 |
JUMP-START YOUR 2020 GROWING SEASON — REGISTER TODAY FOR AN ISA RESEARCH & RESULTS FORUM!
Jump-start your 2020 crop year and reap the harvest of greater productivity, profitability and sustainability by attending one of three remaining Iowa Soybean Association Research & Results Forums this month. ISA’s research team and the farmers they work with learned a lot during the challenging 2019 growing season. You can now put those insights and knowledge to work to make the most of your 2020 crop!
Conversational and interactive discussions will showcase:
- New nitrogen management tools
- Results from an in-depth analysis of conservation practices that pay!
- Merits of Late Beans Early System
- How to effectively manage two fundamental problems in soybean production
- The latest policy news from Des Moines and Washington, D.C. impacting your farm
Farmer innovation is at the core of these forums. Lessons learned in ISA research trials conducted throughout the state can give you a head-start as you make the most of every acre and input!
CHINA TO CUT TARIFFS ON SOME U.S. IMPORTS AS CORONAVIRUS WORRIES LINGER
Wall Street Journal writer Lingling Wei reported on Thursday that, “China said it would slash tariffs on $75 billion of U.S. imports in half as part of its efforts to implement a recently signed trade agreement with Washington.
“Beginning Feb. 14, China will cut tariffs on some U.S. goods to 5% from 10%, while levies on some other items will be reduced to 2.5% from 5%, China’s Ministry of Finance said Thursday. The tariffs were imposed in September and December during a brutal trade fight between the world’s two largest economies.
The U.S. is monitoring developments on the virus carefully and will have “a much better idea over the next two weeks,” Treasury Secretary Steven Mnuchin said. “Based on current information, I don’t expect there will be any issues in them fulfilling their commitments.”
SONNYSIDE OF THE FARM: LET'S TALK TRADE
This week, Secretary Sonny sits down with the man the President hired to negotiate on behalf of America’s farmers and ranchers – Trade Ambassador Robert Lighthizer. Ambassador Lighthizer tells Secretary Sonny what it’s really like, to go out around the world negotiating on behalf of President Trump for better trade deals.
NET CASH FARM INCOME FORECAST TO DROP 9% IN 2020
Net cash farm income is forecast to decrease $10.9 billion (9.0 percent) to $109.6 billion in 2020, relative to the 2019 forecast. Net farm income, a broader measure of profits, is forecast to increase $3.1 billion (3.3 percent) from 2019 to $96.7 billion in 2020. The divergence in annual changes between the two measures of net income is because the net cash farm income forecasts include $14.7 billion in cash receipts from the sale of crop inventories in 2019 and $0.5 billion in 2020, contributing to the 2020 decline in net cash farm income. Net farm income excludes those sales from inventories as it measures production in the year in which it occurred, not the year in which it was sold.
FARMER EDUCATION: BIN SAFETY, CROP MARKETING, FARM STRESS
2020 Grain Bin Safety Webinar: The 2019 crop year was difficult and crop conditions were not ideal as the bushels were put into the bin. Many will be checking bins as the weather warms up. This webinar (Tuesday, February 18, 2020, 1:00 p.m.) will present important information on grain bin safety and rescue information. Safety and preparation are everyone's business. For pre-registration to receive reminder e-mails and more information, please click here.
Learn Crop Marketing with Real Market Simulation: Learn how to use cash forward contracts, futures and options using real corn and soybean markets in a simulation of new crop corn and soybeans until October 21. This allows you to learn at your own computer! To get started, see the instruction sheet in the box at the top of this educational webpage.
Stress on the Farm: Strategies to Help Each Other: This recorded webinar reviews risk factors, protective factors and warning signs of suicide, as well as strategies to intervene. You'll explore positive options for you and how to engage and support others as well. To access the recordings and materials, please click here.
For media inquiries, permission to republish articles or to request high-res photos, please contact Katie James, ISA Public Relations Manager at firstname.lastname@example.org. © 2020 Iowa Soybean Association. All rights reserved.