Interest in tiling fields to improve drainage continues to grow, fed
by improved yields, tax breaks and earlier planting dates.
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Sizeable amounts of rain dumped over southern states the past few
days have delayed soybean harvest in those areas. As a result, soybean basis
has been on fire with strength coming from the Gulf export market.
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A short course at Texas A&M examined why cattle producers struggle
even when cattle prices remain strong. Higher energy costs ripple down to the
cow-calf operations through increased feed and fertilizer costs for pasture.
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U.S. net farm income is expected to hit a record $95.7 billion in
2008, up more than 10 percent from last year, according to a USDA report. Even
as incomes rise to a record level, production costs also are soaring. Total
production expenses are expected to rise $40.4 billion.
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U.S. farm exports will hit a record $114 billion this fiscal year,
the Agriculture Department said on Thursday.
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