Farming market news for Jan 2006 USDA Sets Monthly Interest RateWASHINGTON - Jan 3/06 - SNS -- Interest rates for 1995 and prior crop year commodity loans disbursed by USDA's Commodity Credit Corporation (CCC) during January 2006 is 4.375%, unchanged from December 2005. . . . Continue or visitors click here Monsanto Offers No-Frills RoundUpWINNIPEG - Jan 5/06 - SNS -- Monsanto Canada says its new Roundup formulation will offer western Canadian growers a lower priced version of the herbicide, but without the guarantees attached to the company's premier version. . . . Continue or visitors click here Canadian Farm Incomes PressuredOTTAWA - Jan 5/06 - SNS -- Falling prices for field crops pulled down Canada's Farm Product Price Index (FPPI) in October, despite gains in returns from selling livestock, according to Statistics Canada. . . . Continue or visitors click here USDA Designates More Disaster CountiesWASHINGTON - Jan 5/06 - SNS -- The USDA designated counties in California, Oregon and Texas as primary natural disaster areas, making all qualified farm operators eligible for low-interest emergency (EM) loans from USDA’s Farm Service Agency (FSA). . . . Continue or visitors click here USDA Designates Disaster CountiesWASHINGTON - Jan 5/06 - SNS -- The USDA designated counties in California, Oregon and Texas as primary natural disaster areas, making all qualified farm operators eligible for low-interest emergency (EM) loans from USDA’s Farm Service Agency (FSA). . . . Continue or visitors click here AWB Makes Pool DistributionSYDNEY - Jan 9/06 - SNS -- Australia's wheat marketing board, AWB Limited, is making its fourth distribution to growers who participated in the 2004-05 AWB National Pool. . . . Continue or visitors click here AWB Closes 2005-06 Durum PoolsSYDNEY - Jan 12/06 - SNS -- The Australian wheat marketing board closed its 2005-06 durum wheat pools in New South Wales and Queensland. . . . Continue or visitors click here U.S. On-Farm Storage IncreasesWASHINGTON - Jan 12/06 - SNS -- On farm storage capacity in the United States totaled 11.4 billion bushels on December 1, 2005, up 1% from December 1, 2004, according to the USDA. . . . Continue or visitors click here Manitoba Extends Crop InsuranceWINNIPEG - Jan 17/06 - SNS -- More crops will be eligible for coverage in 2006 under crop insurance offered by the Manitoba Agriculture Services Corporation (MASC). . . . Continue or visitors click here Pioneer Releasing New SoybeanDES MOINES - Jan 18/06 - SNS -- Soybean growers in the southern Unites States will soon have a new variety with protection against multiple races of soybean cyst nematodes (SCN) without sacrificing yields, says Pioneer Hi-Bred International, Inc. . . . Continue or visitors click here Canadian Farm Debt Rose in 2004OTTAWA - Jan 18/06 - SNS -- Debt levels on Canadian farms rose in 2004, according to Statistics Canada, climbing 4.7% to $44.9 billion from 2003, the 11th consecutive annual rise. . . . Continue or visitors click here Canadian Farm Production Value up in 2004OTTAWA - Jan 18/06 - SNS -- The value of agricultural production rose 2.5% in 2004, reports Statistics Canada, reflecting the positive impact of that year's commodity prices, program payments and the value of inventory change. . . . Continue or visitors click here Farm Cash Flow Topped $8.2B in 2004OTTAWA - Jan 18/06 - SNS -- Cash flowing through Canadian farms jumped to $8.2 billion in 2004, partly offsetting the impact of a 5.9% decline in 2002 and a 28.8% plunge in 2003, according to Statistics Canada. . . . Continue or visitors click here USDA Designates Ag Disaster CountiesWASHINGTON - Jan 18/06 - SNS -- The USDA designated counties in New York, Texas and Virginia as primary natural disaster areas, making all qualified farm operators eligible for low-interest emergency (EM) loans from USDA's Farm Service Agency (FSA). . . . Continue or visitors click here USDA Designates Ag Disaster CountiesWASHINGTON - Jan 18/06 - SNS -- The USDA designated counties in Kansas, New York, South Dakota and Texas as primary natural disaster areas, making all qualified farm operators eligible for low-interest emergency (EM) loans from USDA's Farm Service Agency (FSA). . . . Continue or visitors click here Convenience Not Important to Farm Supply BuyersWEST LAFAYETTE - Jan 19/06 - SNS -- Farmers place greater importance of price , performance and customer service than convenience when buying seed, fertilizer and pesticides, according to results of a Purdue University's Center for Food and Agricultural Business. . . . Continue or visitors click here Ag Product Prices Slump to 1999 LevelsOTTAWA - Jan 24/06 - SNS -- More proof of the poor state of the farming economy was delivered by Statistics Canada today, which calculates that prices received for selling agricultural production since the August 1 start of the current marketing year have dropped back to 1999 levels. . . . Continue or visitors click here Axial Approved in North AmericaNEW YORK - Jan 24/06 - SNS -- Syngenta's new cereal herbicide, Axial, has received registrations in Canada and the United States. . . . Continue or visitors click here USDA Designates Texas Ag Disaster CountiesWASHINGTON - Jan 25/06 - SNS -- The USDA designated counties in Texas as primary natural disaster areas, making all qualified farm operators eligible for low-interest emergency (EM) loans from USDA’s Farm Service Agency (FSA). . . . Continue or visitors click here USDA Designates Ag Disastere CountiesWASHINGTON - Jan 25/06 - SNS -- The USDA designated counties in Colorado, Mississippi, New Jersey, New York and Washington as primary natural disaster areas, making all qualified farm operators eligible for low-interest emergency (EM) loans from USDA’sFarm Service Agency (FSA). . . . Continue or visitors click here Minnesota Soybean Growers Pursue State Check-OffST. PAUL - Jan 26/06 - SNS -- The Minnesota Soybean Research and Promotion Council will hold a referendum to ask growers if they wish to replace their national check-off with a Minnesota check-off if the national check-off program is discontinued. . . . Continue or visitors click here Soy Uses Manure Better Than CornWASHINGTON - Jan 26/06 - SNS -- Farmers in the U.S. midwest and the Gulf of Mexico might both be better off if the farmers applied manure to soybean fields, rather than to corn, Agricultural Research Service (ARS) scientists report. . . . Continue or visitors click here Cost-Price Squeeze TightensWASHINGTON - Jan 31/06 - SNS -- The cost-price squeeze tightened in the United States in January, with U.S. farmers paid 3% less for their agricultural output than in December, while the cost of farming rose 2%, according to the latest USDA data. . . . Continue or visitors click here Cost-Price Squeeze TightensWASHINGTON - Jan 31/06 - SNS -- The cost of farming in the United States continues to charge ahead, with the January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) leaping to 145% of the 1990-92 average;while the index of prices reiveed is just 112% of the same base period. . . . Continue or visitors click here
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