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Lower feed costs may spark a livestock industry renaissance and return to profitability, a team of Purdue University ag economists said Monday. "It’s not just the start of a good year for the animal industry, but an era," ag economist Chris Hurt said during a webinar hosted by Purdue’s Center for Commercial Agriculture.
Dewey Hall’s acreage is on the sub-continental divide, connecting the Ohio River to Lake Erie. Its watershed drains both north and south. Heading south, its waters flow into Little Killbuck Creek and eventually to the Walhonding and Muskingum rivers and on to the Ohio River. The northerly flow heads to the Black River, a direct path to central Lake Erie.
Bankers surveyed said that despite the slowdown, farmers remained active buyers in farm real estate markets, as referenced by the share of farmers buying farmland, which has grown from an average of 63% in 2007 to 76% in 2013. Most purchased land to farm it themselves.
The dairy herd was estimated at 267,000 head for January, down 4,000 from a year earlier. In terms of the number of licensed dairy herds, Ohio lost 130 herds from 2012 through 2013, dropping to 2,930.
Mary Thathcher, senior director of congressional relations for AFBF, said it looks like the commodity title will be implemented this year, with sign-up for some of the programs by late summer and into fall. Most crop insurance programs will not be implemented until at least the 2015 crop year.