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ISSUE DATE: 07/08/2013

Has the rainy day arrived?

By Larry Dreiling

Since 2009, wealth in U.S. agriculture has surged along with booming farmland values, but indicators are out there, driven by a three-year drought in much of the High Plains and torrential rains in the Midwest, that growth is slowing and that farm income could fall dramatically in 2014.

As incomes soared—driven by the 2008 farm bill—many in the world of farm finance have urged farmers to take their mounting profits generated by high prices in crops and livestock and to save not only for retirement, but also for a possible “rainy day” scenario.

One agricultural lender offering that advice is John Thaemert, former president of the National Association of Wheat Growers and investment counselor and trust officer at a bank in Ellsworth, Kan.

“There are a lot of farmers south and west of me—in southwest Kansas and southeast Colorado in particular that I know—who will, for the first time in their farming careers, not harvest one bushel of wheat this summer,” Thaemert said. “It’s tough out there. This year will be a lesson that every farmer, every business owner, every individual needs to save, to have a cushion. Hopefully, they’ll never have to tap into it.


NEWS

12 Missouri counties declared disasters
Global leaders to keynote Borlaug Dialogue
Has the rainy day arrived?
High Plains Journal marketing director named to KARL Class XII
Knowing what to look for can prevent metal fatigue in heavy-duty flatbed trailers
Oklahoma State University sets royalty record
Plant compounds studied for food safety chores
Texas growers unsure of the effects of a failed farm bill
USDA seeks applications for grants to support small, socially disadvantaged producers
Vilsack kicks off 'Feds Feed Families' nationwide food drive

CROPS

AgriLife Research potato breeding program focus of July 24 field day
AgriLife Research to determine when wheat diseases limit input effectiveness
APHIS: GE wheat in Oregon was an isolated incident
Civil unrest disrupts shipment of soybeans into the Middle East
Dig a little and learn a lot before planting
European corn borer moths emerging in northeastern Colorado
Exercise caution in early wheat harvest
Forage crop insurance deadline approaching
Four State Farm Show set for July 19 to 21
Heart of America Farm Show coming in September
Hoffman Harvesting moves to new Kansas location
KDA announces changes to executive team
K-State Research and Extension events scheduled
National Festival of Breads showcases the best homemade breads in the nation
Nebraska Dry Bean Commission sets sights on trade expansion in Turkey
Nitrogen application means green crop and cash
Osowski Ag Services bids Oklahoma farewell
Plant analysis is a nutrient management tool
Rains help, but drought maintains its stubborn hold
Record-high U.S. soybean prices have rationed smaller supplies
Roland crew finds good wheat crop
Rubel to keynote Farm to Table International Symposium
Webcast covers best practices for water management, conservation
Z Crew continues harvesting after rain subsides

LIVESTOCK

2013 Missouri Steer Feedout ends in red ink again
6 receive KLF awards
AAEP Foundation funds efforts to aid horses affected by severe weather
Animal Science Society honors UW's Scott Lake
Can we select cattle to reduce pinkeye incidence?
Cattle producers gather at mid-year meeting to celebrate 125th anniversary
Cattle producers network, explore beef business at 'Young Guns'
Cattle producers should pay attention to fly control
Cattle producers watching future with 'guarded optimism'
Cattlemen's Ball draws thousands
Convention gives ranchers ideas for 'Growing for our Future'
Correction
Dodge City Roundup champs ready to repeat
Extension service offices small flock biosecurity seminars
Goat workshop set July 13 in Weslaco
Hereford events app available
Hog and pig numbers released
Horse owners should take precautions against West Nile Virus
Innovative course at Dodge City Community College aims to prepare students
Kansas Hereford Association to host annual tour
Kansas Pork Association sponsors 7 blood drives throughout the state
KHCF presents scholarships
KLA feedyard leaders spend time in Denver
K-State Beef Conference set for Aug. 6
NCBA educates Capitol Hill on antibiotic use in livestock
Nominations open for Iowa Beef Quality Assurance awards
Padlock Ranch receives Leopold Conservation Award
Poultry 'enzyme cocktail' saves more than just chicken feed
Rockenbach retires after long tenure with Journal
Students attend K-State Animal Sciences Leadership Academy
Take steps to reduce heat stress in cattle
Texans featured in new national beef advertising campaign
Update on EIA in Nebraska horses

EDITOR

Daydreaming
Finding the silver lining in midst of a drought
In praise of the 195

COLUMNS

Agronomist pens book on forage
Farm Credit and CoBank 'lending a hand'
Feeder cattle market improving
Firm's product adds value to sorghum
Fleets upgraded with compressed natural gas
Fraley recipient of World Food Prize award
In other agribusiness news
New birth of freedom
Plenty of decisions ahead
Work: The basis of human dignity

MARKETS

Above normal temps, limited rainfall stress spring planted crops nebraska
Ada livestock auction report
Colorado feeder cattle auction summary
Dry conditions, temps help crop development South dakota
Georgia livestock auction summary
Grain bids close mixed
Grain market close
Hay trade slow to moderate
High Plains slaughter news report
Hot and windy conditions prevail oklahoma
Hot, dry conditions deplete moisture statewide texas
Most hay trading moderate
Newell sheep sales report
Pratt livestock auction report
Precipitation helps some crops Colorado
San Angelo livestock auction report
Scattered showers slow harvest progress kansas
Second cutting alfalfa nearly complete new mexico
Tulsa livestock auction report
Wheat harvest wrapping up arkansas
Woodward livestock market report

RANGE

High-quality forages help cut feed costs, MU specialists say at dairy field day
KDOT permits required for hay harvesting on state right of way
Website launched to promote sustainable rangeland management

FAMILY

Altus FFA wins Oklahoma Farm Bureau video contest
Co-ops: FWS delay on lesser prairie chicken decision a win for common sense
Entries open for columnist contest
From the Land of Kansas members showcase state's specialty food products at 2013 Fancy Food Show
Meditation
No need to 'detox' with special diet
Paisley's facade classic yet elegant
Sedgwick Extension to host Tomato Day July 27
Spicy, sweet or zesty pickle recipes
Take care to prevent herbicide damage to landscape
Youth learn how to candle, grade eggs at 4-H Poultry Day

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