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The wild ride of 2014

Phew – what a year! You know the old saying about time flying when you’re having fun? As 2014 draws to a close, I can safely say the year has flown. From a record-setting year in the markets to changes at Drovers CattleNetwork to improve our service you, and from adding a sweet baby girl to our family to being a partner and sounding board to my husband as he transitioned from ranch hand to owning his own herd – it’s been fun!

Let’s recap.

Markets

Ag markets ended mixed again on Tuesday

Corn edged higher again Tuesday. The fact that the U.S. dollar index reached its highest level since spring 2006 seemingly did little to dampen bullish ideas in the corn market. Traders apparently believe underlying demand strength will continue supporting prices, although CBOT futures also enjoy strong technical support at slightly lower levels. March corn futures gained 2.25 cents to $4.14/bushel in late Tuesday trading, while July added 1.75 to $4.285.

Ag Policy

Five year price forecasts for the 2014 Farm Bill

The Agricultural Act of 2014 (the 2014 Farm Bill) requires owners and/or tenants to elect either the new Agricultural Risk Coverage (ARC-CO or ARC-IC) or Price Loss Coverage (PLC) programs for each covered commodity on their farms.

Industry

Ohio State agricultural economist assesses global food demand

By 2050, the world’s population will reach 9 to 9.5 billion, and by the end of the century, the population in Africa is expected to be three times its current level, said Douglas Southgate, a professor in Ohio State University’s College of Food, Agricultural, and Environmental Sciences.

News

Oklahoma prescribed burning workshops aid producers in land management

The Samuel Roberts Noble Foundation will host a two-day Prescribed Burning Workshop to discuss the benefits and proper use of prescribed burning for land management. This workshop, which is open to the public, will be held from 8:30 a.m. to 5 p.m. Wednesday, Jan. 14, and Thursday, Jan. 15, at the Noble Foundation Pavilion in Ardmore, Oklahoma.

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