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ISU Extension Receives USDA Grant To Support New And Beginning Farmers

By John Lawrence, Margaret Smith
 
Funding will be used to develop programs for new farmers, retiring farmers and military veterans
 
Iowa State University Extension and Outreach will develop and implement programs to support beginning and retiring farmers and military veterans interested in farming with a grant received from the U.S. Department of Agriculture. The funds are part of the Beginning Farmer and Rancher Development Program, which is administered by USDA’s National Institute of Food and Agriculture. Iowa State’s award is $698,393 for the three-year program.
 
“Our program, Roads to Successful Farm Succession, will help retiring farmers find opportunities for successful farm business succession and new farm business startups within their families or with unrelated parties,” said John Lawrence, associate dean in College of Agriculture and Life Sciences and director for Agriculture and Natural Resources Extension and Outreach at Iowa State University. “While at the same time, we’ll be developing tools to help new and aspiring farmers succeed in greater numbers.”
 
Lawrence notes that the Roads to Successful Farm Succession program strengthens the efforts of the Beginning Farmer Center and Beginning and Young Livestock Producers Success network already in place. “This funding will help ISU Extension and Outreach build capacity for our existing programs and give us the opportunity to broaden our audience to meet the needs of more Iowa farmers," he said.
 
In addition, ISU Extension and Outreach will partner with the Farmer Veteran Coalition of Iowa to assist military veterans who are interested in entering or re-entering the farming business.
 
According to the 2012 Census of Agriculture, 28 percent Iowa’s farmers are over age 65 and there are four times more farmers over 65 than under 35 years of age.
 
“Components of the Roads to Successful Farm Succession program will include farm business development workshops, establishing a network of like-minded farmers who are partnered with experienced farmers to learn skills, and workshops that focus on farm transition planning,” according to Margaret Smith, extension specialist with Value Added Agriculture at Iowa State University.
 
The Beginning Farmer and Rancher Development Program was first established by the 2008 Farm Bill and was continued in the 2014 Farm Bill. The program provides support to those who have farmed or ranched for less than 10 years. NIFA awards grants to organizations throughout the United States that implement programs to train beginning farmers and ranchers, which may take place through workshops, educational teams, training or technical assistance. The 2014 Farm Bill mandated that at least five percent of BFRDP funding must support veterans and socially disadvantaged farmers. This year, 10 percent of the funding supports veterans and farming, while about 50 percent of the funding will serve socially disadvantaged farmers and ranchers.
 
Since 2009, 184 awards have been made for more than $90 million through the Beginning Farmer and Rancher Development Program. These awards are part of USDA's deep commitment to empowering beginning farmers and ranchers across America.
 
Funding for the BFRDP program is authorized by the 2014 Farm Bill. The Farm Bill builds on historic economic gains in rural America over the past five years, while achieving meaningful reform and billions of dollars in savings for taxpayers. Since enactment, USDA has made significant progress to implement each provision of this critical legislation, including providing disaster relief to farmers and ranchers; strengthening risk management tools; expanding access to rural credit; funding critical research; establishing innovative public-private conservation partnerships; developing new markets for rural-made products; and investing in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit the Farm Bill page on the USDA website.   
 

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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