Mississippi beans: Record average yield in 2011
One factor making soybeans an attractive row-crop option is their relatively low cost of inputs. Bankers in the current tight economy were more willing to lend money for soybeans than for crops that have higher up-front costs.
“A farmer can borrow significantly less money to grow an acre of soybeans, as opposed to borrowing several hundred an acre to grow cotton,” Eubank said. “They can stretch their dollars further and grow more acres for the same amount of money.”
John Michael Riley, Extension agricultural economist, projected Mississippi’s marketing year average soybean price to be $11.78 per bushel.
“This was slightly higher than 2010 prices and followed the same path as most ag crop prices, which have been moving higher since 2006,” Riley said. “Export demand was very beneficial through the first half of the year as prices moved higher, but lackluster demand and a growing inventory suppressed prices moving through harvest.”
Riley said global financial uncertainty is giving a negative tone to commodity markets.
- Adequate rhizobia populations help protect soybean yields
- In-season imagery helps farmers grow and protect healthy crops
- Ag markets proved rather volatile Wednesday afternoon
- Farm Bill enables record USDA investments in rural water systems
- Ag markets diverged Wednesday morning
- Do soybeans need N fertilizer?
- Commentary: Blame anti-GMO groups for deaths
- Julie Borlaug says biotech is necessary in fight against hunger
- What does “sustainable” food and agriculture really mean?
- Ohio bill to require certification to apply fertilizer
- Carbon-dioxide hurts nitrogen assimilation by plants
- FCC aims to offer high-speed internet to rural America