News & Events
- 12 Receive Ohio Farm Bureau Federation Foundation Scholarships
- Farm Bureau opposes marijuana measure
- Ohio Farm Bureau Member Savings Testimonials
- A look at OFBF’s work on the state’s $71 billion operating budget
- Brochure available about state’s new nutrient application law
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In general, the Ohio Farm Bureau Federation was also pleased with the state budget. â€śWith most budgets it is a mixed bag. You see some really positive things and there are some items you wouldâ€™ve hoped to see taken care of that did not get taken care of,â€ť said Brandon Kern, OFBF director of state policy.
Farmers reported on Monday that 22 percent of their corn is in very poor to poor condition; ditto for soybeans, according to the latest crop report from the U.S. Department of Agricultureâ€™s National Agricultural Statistics Service Great Lakes Region.
Eating is mandatory, which is why these three agriculture related stocks are worth watching.
n its Crop Ratings Report Monday, the USDA pegged the corn good/excellent condition at 69%, equal to a week ago, but below a 76% five-year average. This is the first time, this year, the corn rating was not below the previous week's rating. The corn cropâ€™s silking rate is at 55% vs. a five-year average of 56%.
Crop farmers and fruit growers work together with pesticide and fertilizer suppliers and applicators and follow the weathermanâ€™s predictions.
This is an interesting time to talk agricultural real estate, because we're starting to see the ripple effects of lower commodity prices. Here are four trends we're noticing based on conversations with our real estate friends.
a lot of the stateâ€™s corn and soybean crops didnâ€™t get planted in time, and those that did are being drowned out.
What corn is available is being shipped to the southeast to either poultry producers or ethanol plants. That remains the best market for August and first-half September positions. However, that market should close in a few weeks when corn harvest starts in that region.
When asked what he would do to help the next generation of farmers, he said, â€śWe need a full repeal of the death tax, the so-called estate tax.â€ť It shouldnâ€™t be hard for a farmer to pass the business to the next generation, he said. â€śUnfortunately itâ€™s getting harder and harder to do.â€ť
n the next decade, the largest intergenerational transfer of wealth will be seen in history. Currently, 40 percent of wealth is in the hands of baby boomers. This includes equipment and land. Only 20 percent of American businesses survive the second generation and only 4 percent survive the third generation.