FBN Resources

FBN Resources

Welcome to FBN Resources. Your central place to stay up to date on the latest content including reports, videos, blog articles and more created by FBN experts and geared toward the future of farming, supporting better agricultural practices and helping put Farmers First.

Resource Library

Resource Library

Jun. 28, 2022

by Mark Wilson

Buying animal health products can be cumbersome but it doesn’t have to be. Let’s face it, livestock producers and ranchers are busy folks.  But setting your operation up for success means that you don’t always have time to run errands in town, sometimes not finding what you need in stock.  That’s where FBN® comes in. Now you can get animal health products shipped directly to your farm or ranch. The best part? We offer free shipping on orders over $500.  online animal health store has upfront prices allowing you to compare products and choose what is best for your operation. When you’re ready to order, just add the items you need to your cart and submit your order.  Here are some of the ways you can save by shopping for Animal Health products with .  1. Compare products and prices We carry products from all of the major manufacturers so you’ll also be able to find branded products you know. We also carry plenty of generic alternatives that are effective but usually cheaper.  Here’s an example: if you’re searching for by Zoetis, you’ll see comparable products like and listed for comparison.  2. Big order discount By planning ahead for your weekly, monthly or quarterly animal health product and supply needs, you’ll qualify for discounts that are applied to your cart every time you order. The great thing about this is that there is no waiting for rebate checks.  There are two tiers to qualify for these discounts. (*some restrictions apply) Spend or more on animal health products and supplies and receive your entire animal health and supplies order. Spend or more on animal health products and supplies and receive your entire animal health and supplies order. 3. Free shipping It doesn’t get much better than free shipping on orders over $500 with products delivered directly to your doorstep.  4. Manufacturer pricing programs We honor and facilitate manufacturer pricing programs. If you are already on a program, such as , we can set up your account to reflect that pricing and be visible to you when you are shopping on the online animal health store.  What’s available on ’s Animal Health store? Whether you’re looking for antibiotics or vaccines, you’ll find everything you need on ’s online animal health store.  Here are some of the product categories you can shop for with Shop Animal Health products Find all of the animal health products you need by shopping online at the .  * Terms & Conditions FBN Direct® pharmacy products and services are offered by Direct and are available only in states where Direct is licensed. Terms and conditions apply. Minimum order subtotal applies to animal health products or supplies only (vaccines, antibiotics, parasiticides, implants, reproductive products and supplies). Does not apply to feed, feed additives, milk replacer, or other livestock nutrition products. Member Account Must schedule a delivery window at time of ordering. Delivery must occur within 3 months of purchase. For customers on manufacturer contract or loyalty programs (e.g., Zoetis Leaders Edge, One Merck), this discount will not be stacked with products eligible for those programs. It will be applied to any non-contract items. Available while supplies last. All sales final. Program details subject to change.


Jun. 27, 2022

by FBN Network

Providing critical intelligence based on the collective actions of our farmer members is a key mission of Farmers Business Network®. That’s why we’re excited to share our annual June Acreage Report as a deliverable to help you make critical crop marketing decisions ahead of USDA’s Acreage Report on June 30th.  Despite some weather-related planting delays in the Northern Plains, we found that increased acreage in Minnesota, Wisconsin and Ohio likely helped push the corn acreage number above the USDA's March reading of 90.4 million acres, up from USDA’s March estimate of 89.5.  Soybean acres are pegged at 89.0 million acres, off from USDA’s March forecast of 91.0 million, also pegged to weather in the Dakotas.  Download the 2022 U.S. Acreage Report “The USDA report usually drives volatility that's three to four times greater than a typical trading day," said Kevin McNew, Chief Economist at FBN®.  "With the weather challenges across the country and an uncertain economic climate, our Acreage Report aims to provide our farmer members with the most comprehensive data and intelligence ahead of this report so they can make the best decisions for their operations," said McNew.  Grain markets continue to be on edge as we reach the midpoint of the US growing season. In March, USDA’s Prospective Plantings report suggested farmers intended to plant less corn and more soybeans than in 2021, with forecasted US corn acres at 89.5 million acres and soybeans at 91.0 million acres. They will release their latest acreage estimates on July 1 based on their farmer survey conducted in early June.  Farmer summary We asked members what their actual planted acres were across 9 key crops. Here are some of the key findings from the survey. Corn  Corn acres are expected to climb to 90.4 million acres, up from USDA’s March estimate of 89.5. While corn acres were down by 500,000 in North Dakota and South Dakota versus the March estimate due to poor planting weather, other states were either mostly unchanged to higher. Key states increasing corn acres versus March were Minnesota (up 400,000), Indiana (up 200,000), Ohio (up 200,000), and Wisconsin (up 200,000). Soybeans Soybean acres are pegged at 89.0 million acres, off from USDA’s March forecast of 91.0 million. Again, weather caused North and South Dakota farmers to plant less soybeans by 500,000 acres versus March’s forecast, but other states also pulled back on soy plantings as some switched more into corn, cotton and spring wheat. What it means for the farmer Many farmers have faced challenges this spring as unusually cold and wet weather handicapped planting progress in the Upper Midwest and Northern Plains. Meanwhile, in the Southwest Plains, persistent drought took its toll on winter wheat yield potential, and likely influenced some spring planting decisions as farmers sized up the risks of the drought extending into the summer. Get the free report If you'd like to read the full report, get your free copy today. Members can access this report and more in the  Reports section  of the   app.


Jun. 27, 2022

by Dr. Erika Nagorske

Planning ahead for your reproductive synchronization program will have many benefits and will help you successfully take advantage of your calving window.  Watch Dr. Erika Nagorske, a practicing veterinarian with Southwest Veterinary Services, FBN®’s official veterinary partner, as she discusses the 5 ways to plan for your reproductive synchronization program. Watch now 1. Repro 101 Producers should understand the basics of the cattle reproductive cycle. There are 4 different phases of the cattle estrous cycle which will eventually lead to ovulation. The different waves of the estrous cycle are: Recruitment follicles Selected follicles Dominant follicles Atretic follicles The entire cycle can take anywhere from 18 to 22 days and in some cases slightly longer. Cattle can respond to drugs differently depending on the wave that they’re going through. In general, it’s good to understand this cycle so you’re able to monitor your cattle throughout the different waves.  Drugs Let’s look at some of the different drugs you may be using throughout the estrous cycle.
 Prostaglandins These lyse the corpus luteum and start a new follicular wave leading to a new ovulation. Examples of prostaglandins include: GnRH These stimulate follicle growth leading to new follicular waves. Examples of GnRH include: CIDR® This is a progesterone infused cattle insert. Read more to learn .  Melengestrol acetate This is a feed progesterone product that suppresses heat. If you stop giving the animal this product, the cattle will start cycling again.  2. Goals It’s good to set goals for your synchronization program. You’ll need to factor in several things when setting these goals. Keep in mind that not every single cow/heifer will conceive. You’ll want to consider AI versus bull breeding. The most common goal for producers is decreasing the actual calving window in order to tighten up your breeding season. Think about the different methods you’d like to use. This could include giving the animal shots, shots + CIDR®, or feed additives. Cost is another major factor to consider for your program. Every synchronization program has different costs. Depending on the program you’re using, your cost could vary anywhere from $3/cow to $30/cow.  Choosing the right program may depend on the type of facilities and labor you have available on your operation. Do you have the time and the people to run your cattle through a chute multiple times?  3. Advantages of a synchronization program The biggest advantage is shortening the breeding season. This optimizes both time and labor and gives you a more concentrated calving window.  It also produces a more uniform calf crop which is more marketable. Heifer development will also benefit from this if you’re going to retain your heifers. There is potential for improved genetics through artificial insemination. You’ll also be able to more uniformly manage your cows and calves from to nutrition and more.  4. Requirements for success Your program needs to be well planned and implemented correctly. Ideally, try to start thinking about your program ahead of calving season.  Plan to set up an adequate nutrition program for cows, heifers and bulls. You should also ensure that semen handling and storage is done properly by experienced inseminators if you are considering AI.  Think about how much labor you’ll need around the synchronization process and the facilities you’ll require.  If you’re using bulls and not using AI, you need to be sure your bull power is adequate. Depending on a bull’s age, this usually means about 10-25 cows/bull. The younger they are, the less cows they’ll be able to cover. Don’t forget to do your Breeding Soundness Exam (BSE) at least four weeks prior to breeding. You may need to retest a bull two weeks later so this will give you plenty of time to be sure the bull is fertile.  Heat detection Standing heat occurs when a cow stands still allowing others to mount her. The cow will be in standing heat for about 10 hours. Typically, the rule is to follow the AM/PM rule meaning you will breed your cattle 12 hours after visual standing heat. So if you see this in the morning, you should breed your cow in the evening. It does take labor to heat detect if you don’t have any bulls naturally covering your cows. You need to have enough time and people to go and watch your cattle. Two to three times a day is minimal for heat watch. Considering that standing heat is a 10 hour window, you need to know exactly when the cow started her heat.  If you heat detect less, you could miss a standing heat or not know when it started.  Management of heifers Breed heifers so they calve 30 to 45 days before your cows. This gives them extra time to breed back for the next year. These are the only animals in your herd that are still growing, while lactating and trying to get pregnant a second time. They will need some grace period.  5. Protocols There are many types of protocols to consider. Every program is different and varies in total length, products used, and cost. When it comes to cost, keep these factors top of mind: Hormones CIDR®  Labor Facilities  AI (including storage, straws, technician costs) Heat detection only Breed 12 hours after the visual of standing heat. Heat detection with timed AI Breeding 12 hours after the visual of standing heat OR at a timed AI window. Fixed time AI Breeding at a specific timed AI window without heat detection. There are many different ways to synchronize your herd. Work closely with your veterinarian to decide which protocol and system will work best for your operation. Sources


Jun. 24, 2022

by Kevin McNew

After a steady climb over the past six months from $5.50 to $7.50 a bushel for the bellwether December 2022 futures contract, the past three weeks have seen relative choppy trade keeping prices hovering around the low $7 mark.  USDA’s acreage report at the end of June along with US growing season weather will be key drivers for deciding if futures can reach new highs heading into harvest. Likewise, basis levels for fall delivery will be adjusting as we get closer to harvest and estimates of new supplies start to dial in. Download the 2022 U.S. Acreage Report Current cash forward contracts which quote new-crop basis for delivery this fall have been generally trending higher in the Western Cornbelt but flat to a bit lower in the Eastern Cornbelt. Last year had big corn crops, especially in Ohio and Indiana, which has kept spot basis levels in those states below normal for much of the past six months. Meanwhile in the West, dryness in the Plains and lack of grain supplies has underpinned spot basis for much of the year.  Is this a good time to be locking in the new-crop basis for delivery at harvest? Or would you be better off waiting for new-crop basis to improve? To answer that, we examined 2006-2021 basis bids at harvest for key states and developed our Basis Model to help guide marketing decisions. This model is tuned into a number of factors like US and local production, stocks, ethanol, and exports and gives a basis forecast based on the expected supply and demand situation for this fall.  The results of the forecasts are presented in the chart below for 15 key states. In addition, we illustrate the current year new-crop basis averaged across buyers to compare whether current basis offerings are above or below expected basis levels at harvest. Of the 15 states, only 2 states (KY and MO) show current new-crop basis quotes that are at or below the forecast value for the state. Most states have forecast basis that not only is higher than current quoted basis for that state, but that also is above the long-run average basis at harvest. The key drivers of this are declining US carryout expected for 2022 as well as fairly sizable changes in local production due to acreage changes between 2021 and what is expected in 2022. If USDA were to find even lower acreage in the June survey, and/or if yield potential erodes over the season, then this could add more basis upside this fall. Falling production combined with near-record exports and ethanol production expected in 2022 likely keeps local basis supported heading into harvest, and yet another market where farmers are better off waiting to price on.  New-crop corn basis forecasts Click here to enlarge the image. What it means for the farmer A tightening US and global corn market is unlikely to get corrected in the next six months. Most end users are not eager to bid up basis for this fall, but as the growing season progresses we expect the corn crop size to continue to be downgraded, which likely opens doors for better basis opportunities closer to harvest than what exists today.


Jun. 24, 2022

by Jess Sampson

Zinc deficiency in Australia is one of the most common micronutrient deficiencies in crops. Zinc deficiencies can occur on a wide range of soils, from heavy alkaline clay soils to light sandy acidic soils.  In crops, zinc is vital for the formation of chlorophyll and carbohydrates. It plays an important role in the movement of water in plants, aiding in root development and starch formation. Zinc is also essential in aiding the production of growth hormones such as Auxins.  The total amount of zinc in your soil can be directly related to the parent material, for example,  basalt soils can contain high levels of zinc, whereas sandy soils can be low in zinc. Although zinc in organic matter is fairly immobile and very little is leached from the soil, it is often not in a readily available form in the soil. There are many factors that can play a key role in the availability of zinc for plant uptake, such as: Organic matter - Zinc can interact with soil organic matter by forming both insoluble and soluble zinc complexes. It can be mineralised and made available to plants from decomposing organic matter.  The amount of chelating agents in the soil have a direct impact on the movement of Zinc. Chelating agents increase the solubility of zinc from the soil and aid its movement through to the roots of the plants. Climatic conditions can also play a role in zinc availability. A wet winter-spring season, like the one we are experiencing in Australia, can result in zinc deficiency in plants, this is a result of reduced microbiological activity. Microbiological activity is important to assist in releasing zinc from organic matter. Because of this waterlogging can tend to increase zinc deficiency. High levels of available iron can adversely affect the plants ability to take up zinc.  The incorrect application of phosphorus fertiliser may induce zinc deficiency, by affecting the physiological availability of zinc in plant tissues. It has been found that Vesicular arbuscular mycorrhiza (VAM) colonisation of plant roots is reduced in crops growing in soils high in phosphorus. That is why it is really important to know your soils and apply the correct fertiliser types and rates.  High water tables or soil compaction can affect plant root development. This can directly affect the dispersion of zinc in the soil, leading to zinc deficiency. VAM is a beneficial fungi which infects the roots of most crops (except canola). The mycelium (fungal threads) assist the plants ability to uptake immobile nutrients such as phosphorus and zinc, It does this by increasing the root surface area. VAM relies on plants for survival. Fallowing land for a long period, e.g. 12 months, or growing non-host crops (canola), can cause populations to decline, thus increasing the risk of zinc deficiency.  Some symptoms of zinc deficiency are: Brown or yellow patches on the new growth Patchy appearance of the crop Brown necrotic spots on the leaves Poor seed set – young tillers may die before setting seed Poor yield/low protein Zinc toxicity is uncommon, and is more likely to occur in acid soils. High levels of zinc can inhibit a plant's ability to uptake P and Fe.  Zinc as a foliar spray should be applied in small amounts, more regularly. Early in the morning or early evening to reduce evaporation and maximise the intake of zinc into the plant. Best results occur when applied before symptoms of deficiency are noticeable.  is a fully chelated form of zinc, making it both more efficient and effective to use. It mixes well with a wide range of liquid fertilisers, humates and chemicals. Cereals 0.5 - 2.5 3-5 leaf stage 50-100 Canola 0.5 - 2.5 4-9 True leaves 50-100 Legumes 0.5 - 2.5 10-14 days before flowering, sooner if a deficiency is known. 50-100 Pasture 0.5 - 2.5 Good leaf cover 50-100 Cotton 1 - 2.5 Prior to flowering 50-100 Grapevines 1 - 3 Flower bud visible & flower bud separated. 200-1000 Citrus 2 - 4 Spring, Summer, Autumn flush 500-1000 2 - 5 Soil application Sources: GRDC.com.au https://www.sciencedirect.com/topics/earth-and-planetary-sciences/vesicular-arbuscular-mycorrhiza Impact Fertilisers Trace elements 1999


Jun. 23, 2022

by Jeff Vanrobaeys

Many wheat growing geographies in Canada  have received substantial amounts of rain this spring, in addition to the challenges of preparing seed beds and planting, excessive rainfall can also fuel disease.  Given these conditions, and if they match in your area, this could be the right time to apply to wheat. (1) show that protecting the flag leaf of wheat, triticale, and oats from disease can assure 70 percent or higher of the crops yield potential. Plan to protect yields with a treatment when conditions align for the best chances to protect your crop from a likely pressure. In an anticipated high disease pressure year, consider applying a protective fungicide treatment to wheat. It is too late to make a preventative application, once disease pressure and damage is already visible within a field. Types of fungicide treatment A fungicide application  helps protect further damage to the plant and as a result can greatly impact yield. There are many types of wheat and small grain fungicides. Those fungicides that contain a strobilurin, such as azoxystrobin, (Group 11) or a triazole, such as triticonazole, (Group 3) are common choices for wheat growers. A combination of both Group 11 and Group 3 fungicides are commonly used as well. Products that contain  strobilurin should not be applied past anthesis as it can increase the DON level of grain.  is an excellent option to apply after flowering.  One of the major advantages of prothio - teb is the product is both a contact and systemic fungicide so as result the product has great curative and preventative properties. Always scout early for leaf diseases, FBN® has great fungicide options from flag leaf to flowering stage of development. Sources (1) University of Nebraska Crop Watch  https://cropwatch.unl.edu/2018/wheat-disease-update


Jun. 23, 2022

by Mark Wilson

Last week, the Federal Reserve hiked its interest rate by 0.75% in an effort to combat inflation. And while markets are expecting a similar rate hike in the not too distant future, this is a first step to decelerate inflation which is at its highest in the last 40 years.  According to Kevin McNew, Chief Economist at FBN®, the Fed will need to do more interest rate hikes in the next 6-12 months. Join Dan English, General Manager of FBN® Finance and Kevin McNew as they discuss why the Federal Reserve decided to hike interest rates, what that means for farmers and how can help alleviate some of the uncertainties of a fast changing economy.  What you’ll learn Click on the chapter links within the video to jump to each section: Why the Fed increased interest rates (00:10) What farmers should focus on (04:39) Why to consider Farmland Capital (05:24) What’s happening in the energy market (08:05) What it means for farmers (11:48) Watch now Solutions to grow your business Farmland Capital Farmland Capital provides you the capital you need without impacting your original loan. Learn more here or start your application today . Operating lines Inflation is impacting everyone. Operating lines will help you fund your operation as you see fit. Apply today and get your approval decision instantly. Land loans Rising interest rates might not impact your decision to purchase the perfect land. We want to help you finance your dream, apply for a land loan now . Crop insurance Inflation is impactful and everything counts. Protect your crop commodity and learn more about our personalized crop insurance solutions . Read the full transcript (00:00): I'm Dan English. I'm the general manager of FBN® Finance. And I'm here today with Chief Economist Dr. Kevin McNew. Hi Kevin. (00:08): Hey Dan, how are you doing? (00:10): Good. Well I think as a lot of people have seen now last week, the Federal Reserve hiked interest rates quite a bit.  And I think even a little bit more than what had been expected, maybe two or three weeks before that. Maybe could you just walk me through what the news was that prompted the Federal Reserve to raise rates and what that means? (00:32): I think the Fed is realizing that they got a late start to this inflation issue. You know, a lot of us in the economic world have been saying for the last year that inflation is a problem and they're just now kind of getting their act together.  And they did need to raise interest rates a quarter of a point more than what was maybe expected, but absolutely it's needed.  We have inflation that is well over 8%, 8.6%, according to the last reading, which is  at or above the highest rates we've seen in over 40 years. So the Fed has a lot of work to do. I don't think this is the end of the inflation or the interest rate hike story.  Markets are already kind of expecting another similar magnitude rate hike in the next meeting next month and probably another half a point gain before the end of the year. So yeah, we've got some interest rate movement company to curb this runaway inflation, (01:33): Do you think that the Fed is going to be acting like this is aggressive enough? Or do you think that they'll have to continually revise upward what they're doing to be able to combat inflation? (01:46): Normally, the Fed is really trying to watch inflation, unemployment, the economy, and really in the last 30, 40 years, we haven't worried too much about inflation. And so having to watch inflation is a new issue. The Fed's going to  have to deal with it.  And, and like I said, they got a late start to it, obviously because of the issues around COVID. And I think they're going to  be laser focused on what inflation is doing as a result of raising interest rates. They don't wanna put the economy in a recession, but their number one priority right now is tamping down this inflation that is just really problematic for the economy going forward.  So I think it's all going to  be about inflation readings as we get new data coming out. We're going to  see some pull back and economic activity and surging prices. I personally don't think we're, we're going to  be seeing something really quickly. That's going to  change the Fed's outlook, which is they're going to need to do more rather than less in the next six to 12 months. (02:54): Do you expect that raising rates, dialing back their bond buying program, all, all the efforts that they're doing to have more restrictive monetary policy that's longer or your interest and higher, you know, baseline expectations for years to come? (03:18): That's a tough one, Dan. I mean, because some of this is definitely, you know, policy related. I was a huge proponent of you the Fed being more aggressive about interest rate hikes shortly you know, six months to a year after COVID because we did inject such fiscal stimulus into the economy and that's now having, you know, profound impacts.  But beyond that, we have what's going on in Eastern Europe, issues with energy prices and all these external exogenous forces that are really out of the Fed's hands. And so, they're trying to do this through a series of interest rate hikes and, and quantitative tightening to kind of throttle back the system, but, there's more action in the global market than the Fed can realistically control.  From your standpoint, as you kind of see and, and see what's going on in the agricultural lending space, I'd be curious if we're in this interest rate environment for the next two to three years, where should we be telling our farmers to focus on?  Should we be focusing on long term debt consolidation? You know, all those kinds of things about investment decisions become so important in this environment. (04:39): It depends a lot on the farmer's personal situation, their balance sheet. But one thing that we encouraged a lot of people to do and worked with a lot of farmers to do over the last year to two years, was to refinance at these lower rates before the most recent rate hikes.  For folks who have done that, they have a very different problem going forward, which is they have an amortizing loan that they're paying off every year where they have a very low rate. And how do they replace that? How do they cover the additional incremental costs as they, you know, either refinance that to take some cash out down the road or come in with higher and more expensive sources of debt. (05:24): One thing we're encouraging a lot of people to look at is we have a Farmland Capital program where we can take a second position and they can keep the first position in place.  At the low rate, we think that's going to  be a great option for a lot of farmers. But more generally, I would say the risk of this going even higher still seems pretty significant to us.  And just the pace at which the rates have increased over the last six months has really been astounding. I think where folks can lock in rates for the next 10, 20, 30 years, and have some certainty that they're going to  be able to remain profitable. We're encouraging folks to do that.  If rates come back down they can always prepay and refinance at a lower rate, but where they can lock in longer term, we think that's definitely the right thing now. (06:13): As I think back long term, I've been farming all my life and in the ‘80s as a farm kid, I remember the interconnectedness of coming of the ‘70s, roaring with bull markets.  The ‘80s brought hyperinflation and land values going through the roof. And then in the early ‘80s was a big farm depression. I know there's many gray-haired farmers out there that have the kind of experience that have seen these kinds of ebbs and flows.  What I've been telling them as it relates to farmland is I don't think we have a huge downturn in farmland values, and we don't see a huge recession or depression even in commodity prices, because it's a much different story today than it was in the ‘80s where we had oversupply issues. This is not that situation. We don't have an oversupply issue.  We have an over demand issue and commodity prices may back down a little bit but I think farmland values don't tank and bottom out or, or turn south quite sharply. If there's ways to capture more farmland as they fall down, or in your case you mentioned the Farmland Capital situation, that's a really intriguing concept. (07:31): I think for farmers who are looking who may be concerned about that, that's a way for them to take a little bit of risk off the table while still being able to have upside control and ownership of their farm.  One thing that we're paying very close attention to on the financing side is will farmers be able to support their farm at these, you know, lower prices? Maybe you can just talk a little bit about what the forward curve of green prices are doing. And it sounds like you think some of these prices are here to stay for at least a little while. (08:05): They're definitely catching up as we get more permanency around the demand side of the story. A lot depends on energy markets and I don't think the energy situation is going to improve dramatically.  Obviously, a lot depends on the situation in Eastern Europe. Overall we're in a much different energy paradigm.We're trying to make this global transition from fossil fuel based energy to clean energy. And that's not a simple, easy solution. It's going to involve a lot of volatility. And I think this is just the start of what will be at least another decade of volatility in the energy markets, which in my opinion means more benefits for agriculture as we are linked in the biofuel space.  For 15 years we've been linked with ethanol but now there's such a big push around renewable diesel and that translates into demand for soybeans, for example. So I don't see a ton of downside risk, as I said, it's not to say we won't have ups and downs. But the forward curves are starting to look better and catch up. I do think the days of $3 corn and $8 beans are probably pretty far behind us until something dramatically shifts either in the energy sector or other other places. But there's just so much pin up demand if you will. (09:33): That's great news for our farmers. And one thing that I know a lot of people see as one of the drivers of energy is the war in Ukraine and the resulting markets. It sounds like even if that were resolved tomorrow, we're talking about more fundamental issues than the short term issues.. (10:00): Economists will call it a knife edge solution as we try to transition from fossil fuels to clean energy. A knife edge is really razor thin. And so a nice, smooth transition is very hard to achieve because there's so much imbalance.  Just to give you some perspective, since COVID, we have seen a downgrade in refining capacity in the U.S. and that's not out of coincidence. That's because the big oil companies are recognizing either internally or from pressure from outside investors that they have to shift to clean energy.  We're still a society that's heavily dependent on fossil fuels, but the supply of those fossil fuels, whether from crude oil, from refined products, is dwindling because of this pivot. And so, again, it's not an easy solution. I do think you're right. If we did get Russia and Ukraine to resolve for some reason, there'd be a pullback. But I don't think we're done with the days of a hundred dollars crude and $4 or $5 gasoline and diesel you know, for any time period. (11:22): Well, that's good news for our farmers.  Last question I have for you. Is there anything that you know, could fundamentally alter the inflation picture in the U.S., aside from what the Fed is proposing to do, or is this going to  be something that's kind of hard fought, there's going to be rate increases and it's the situation we're in? (11:48): This is going to have a pullback in investment and all of the investment things that are driven, whether it's real estate, especially home values. But for our farms, I think we're so tied to food, which has an exceptionally highly elastic demand.  That means it doesn't respond much to prices. People have to eat is the main take home message. I think from our farm sector standpoint you know, what would change the paradigm substantially is if energy markets collapsed.  It's hard to see a scenario where that happens. If we go back to the last big energy market downturn of 2007 or 2008, we went from $140 barrel oil quickly down to $40 and $50 barrel oil.  That was really because we saw China on this meteoric rise as a global economy and we needed a throttle price where we could pull back demand.  Until we start to see real signs of demand and pull back, it's hard to see where inflation starts to get tamed. Not saying it won't happen but the numbers I watch and the things I see, we're just not seeing the demand pull back and in the commodity space, I think that's really true.


Jun. 23, 2022

by Brad Allen

As you start to think about using fungicide and insecticide applications this year to combat disease and pests, you’ll want to consider the best ways to get the most out of your application. The last thing you want is yield loss.  Let’s look at the 7 things to know before applying insecticides and fungicides:  1. Know your heat Insect development can be tied to growing degree days (GDD). Growing degree days are a measurement of heat accumulation over time.(1) This is helpful in years where days are hotter than previous years and result in an acceleration of insect pressure and more opportunities for pests to affect yield potential by causing damage to roots and foliage. The GDD for 1st generation adult bean leaf beetles are 1,212 degree days.(2) Knowing the degree days can help develop increased awareness and scouting practices as your farm gets closer to these critical GDD. Did you know that you can see growing degree units by uploading your and unlocking this feature on your FBN® account?  2. Scouting for Confidence Increase your confidence in making timely fungicide and insecticide applications with a quality crop scouting program. Typical crop scouting of walking fields every 7 days will help to see patterns of increased pest or disease pressure. Knowing the economic threshold of specific pests can build confidence in when the time is right to make an insecticide application. 3. Curative or Preventive? Fungicides can be segmented into two camps. Curative or Preventive. Preventive activity happens when the fungicide is present in the leaf tissue but before initial infection occurs. Applications with a Group 11 Fungicide such as can help create a protective barrier before plant diseases are present.  A curative fungicide stops the early growth of the fungal pathogen after infection, the first step of the disease cycle, has occurred. Most curative fungicides are also preventive if applied prior to infection. Despite their name, curative fungicides will NOT cure a plant of the disease. They are not effective against advanced disease cycles. A Group 3 fungicide such as   is considered to be a curative fungicide. and can be tank mixed together to provide a one tank mix solution that's both preventive and curative. 4. Inspect what you expect Do you know how much yield potential you saved from yield robbing pests and diseases this year? Uploading your to your account will help you inspect and overlay many features to better understand crop performance. 5. The right time is the best time The performance and benefits of a fungicide application such as and are optimized at ideal times in crop cycle. Soybeans for example would be in the R3 stage to get the most benefit. (3)  Consider adding   to your fungicide application. Insect feeding creates an entry point for fungal diseases to spread, so if you’ve got bugs, hammer them at the same time by adding an insecticide to your tank mix and keep them from spreading into other fields. 6. Optimize your Tank Mix Make the most of your fungicide and insecticide applications by using adjuvants and crop nutrition products. Adjuvants help increase performance of the product through multiple functions. Insecticides need to be applied on contact while the key component of fungicides is to be absorbed into the plant. Farmers First™ adjuvants can help aid in coverage and absorption. Find the right adjuvant pairing to your crop protection products with the   Many growers leverage the fungicide application with the use of which aids in plant uptake.  Learn more about the complete lineup by downloading the . 7. Leverage your plan Growers have many choices today where to purchase their inputs. Knowing ahead of time the products you need gives you flexibility to ensure you are making the best purchasing decision for your operation. has many tools to leverage the network of over 43,000 growers, including transparent list prices. Did you make a purchase from your local retailer? to to unlock pricing transparency and see what the current market price is for the products you are searching. Shop for Crop Protection Products Find the products you need at We have a diverse crop nutrition product portfolio to provide product options for growers like you to support plant health. Sources:


The USDA recently announced an updated livestock disaster aid addressing increased supplemental feed cost in 2021. The ELRP payment will be based on data from the 2021 Livestock Forage Disaster Program (LFP).  CCC-853 (Livestock Forage Disaster Program Application) AD-2047 (Customer Data Worksheet) CCC-902 (Farm Operating Plan for an Individual or Legal Entity) CCC-901 (Member Information for Legal Entities, if applicable) FSA-510 (Request for an Exception to the $125,000 Payment Limitation for Certain Programs, if applicable) CCC-860 (Socially Disadvantaged, Limited Resource, Beginning and Veteran Farmer or Rancher Certification, if applicable) AD-1026 (Highly Erodible Land Conservation (“HELC”) and Wetland Conservation (“WC”) Certification) Phases of the ELRP payments Phase 1 of the payments is expected to total $577 million, basing the payments on percentage of an eligible producers’ gross 2021 LFP payment — 90% for historically underserved producers and 75% for all other producers. And, the payments will be subject to a payment limit. Phase 2: USDA said it was evaluating impacts of 2021 and wildfires on livestock producers as it develops the Phase 2 component.  Phase 1 ELRP eligibility Producer and livestock eligibility for ELRP aligns with the eligibility requirements. Only 2021 LFP participants are eligible for an ELRP payment under Phase 1. Livestock producers must have suffered grazing losses in a county rated by the U.S. Drought Monitor as a D2 (severe drought) for eight consecutive weeks or a D3 (extreme drought) or D4 (exceptional drought) during the normal grazing season of the 2021 calendar year. Livestock producers who were not allowed to graze their permitted federally managed lands due to wildfire are also eligible for ELRP payments.  ELRP payment calculation and limitations When calculating an eligible producer’s Phase One ELRP payment, Farm Service Agency (FSA) will use the producer reported (CCC-853 form) livestock inventories and forage acreage or restricted animal units and grazing days for the 2021 calendar year. Payments will be equal to the eligible livestock producer’s gross 2021 LFP payment multiplied by a payment percentage. For historically underserved producers (i.e., socially disadvantaged, limited resource, beginning, and veteran), the payment percentage is 90%, with a payment percentage of 75% for all other producers. Eligible producers with a CCC-860 on file with FSA for the 2021 program year qualify for the 90% payment percentage. Under ELRP, Adjusted Gross Income (“AGI”) limitations will not apply, however there are payment limitations for eligible producers. The payment limitations will be determined by the producer’s or legal entity’s average adjusted gross farm income, which is income earned from their agricultural operation. If an eligible producer or entity, other than joint ventures or general partnerships, has an average adjusted gross farm income of less than 75% of their average AGI for tax years 2017 through 2019, they cannot receive an ELRP payment of more than $125,000. For an eligible producer or entity, other than joint ventures or general partnership, with an average AGI of at least 75% that is derived from agricultural activities, they may be eligible for an ELRP payment of up to $250,000.  Eligible participants seeking the increased limitation must: File form FSA-510; Provide certification that their average adjusted gross farm income is at least 75% of their AGI; and Provide certification from a licensed Certified Public Accountant or attorney that the participant qualifies to receive the increased limitation. Additional USDA Assistance Opportunities The announcement also included information on a new crop-related disaster effort named . USDA announced a two-phase approach for diversified, row crop and specialty crop operations affected by an eligible disaster event in calendar years 2020 or 2021. USDA also indicated there will be additional relief through the . The ELAP program provides emergency assistance to eligible producers of , and for losses due to disease (including cattle tick fever), adverse weather, or other conditions, such as blizzards and wildfires, not covered by LFP.  The additional ELAP funding will assist producers with the increased cost of hauling livestock to forage. The ELAP compensation is retroactive to 2021 and will also be available for losses in 2022 and subsequent years. The deadline to request all ELAP assistance for 2022 calendar year losses will be Jan. 31, 2023. Important Deadlines The deadline to file for FSA’s LFP program is 30 calendar days after the end of the calendar year the loss occurred (i.e. January 31, 2022 for loss in calendar year 2021).  The deadline to file for FSA’s ELAP program is January 30 following the end of the calendar year in which the loss occurred. Producers must file a notice of loss within 15 days after the loss is apparent for honeybee operations and within 30 days for livestock and farm-raised fish operations. More more information on , please contact your local FSA office. To learn more about the Federal Crop/Livestock Insurance programs contact an insurance agent by visiting the or calling 877-204-4645 .  Source:


Jun. 16, 2022

by FBN Network

Today we're excited to announce the start of construction on Farmers Business Network®'s new 198,000 square foot distribution facility in Saskatoon. Once completed in November 2022, the facility will be one of the largest agricultural product distribution facilities in Canada. Supporting logistics operations throughout regional network, the facility will offer local farmers convenient access to faster, even more reliable exactly when they need them. With the launch of our new Saskatoon facility later this year, will have fulfillment centers within 400 kilometers of the vast majority of our more than who represent 20 million acres in Canada. “We are very happy to welcome the Canadian logistics hub to Saskatoon,” says Saskatoon Mayor Charlie Clark. "It strengthens our ability to be a major food production epicenter, helping meet the demands of a growing world. This demonstrates industry confidence in our city and in the expertise and talent we have here.” Serving as the main fulfillment center for in Saskatoon, the new facility at 123 Prospect Rd, Corman Park, SK, will also serve as a hub for smaller logistics networks throughout Saskatchewan and Manitoba. “This excellent location and workforce in Saskatoon are strong assets as we continue the expansion of the modern, reliable logistics network that helps farmers reduce uncertainty and drive profit potential,” says Canada Country Manager Breen Neeser. At , we understand how challenging it can be to get the supplies you need, especially amid shortages at critical times throughout the season. To address this issue, we’ve invested heavily in developing the first modern logistics network in agriculture to use in the creation of an agile system for the efficient movement of critical farm inputs. Our market analysis team harnesses the power of farmer data to directly contribute to farmer profitability. By aggregating and analyzing critical data points including regional weather patterns, national supply trends, direct farmer feedback, and other , logistics network identifies potential shortages and can rapidly redistribute inventory to maintain sufficient supplies. Knowing that our facilities will remain stocked, farmers can expect consistent, convenient deliveries even when widespread supply chain disruptions jeopardize delivery reliability from older systems. “Traditional warehousing of inputs may put farmers at risk – in that the products they need have sold out and won’t be available until a new shipment arrives, damaging their profit potential for the whole season," explains Jack Cox, vice president of global fulfillment and logistics at . "We use data to understand when a potential shortage is emerging so we can address it in real-time with our network of logistics centers, as happened earlier this year when kept key inputs like Glyphosate in stock to serve our members during a shortage this spring.”