Ever wondered how the Farm Bill affects our food and agricultural landscape? The Farm Bill, a substantial legislative package passed by the federal government every few years, impacts how funds are allocated for various crucial aspects of agriculture, nutrition, conservation efforts, natural resource protection, and support systems across the nation. To delve deeper into this vital legislation and its implications, we invite you to join us at our 2024 CFAES Farm Bill Summit on February 23 from 1 p.m. to 3:30 p.m. at the Fawcett Center. Engage in discussions led by CFAES and industry experts, unravel the complexities, and understand how this bill shapes the future of farming and related industries. This summit offers a unique opportunity to gain insights, network with others in the industry, and comprehend the far-reaching impact of the Farm Bill on our agricultural ecosystem. Learn More and Register at https://cfaes.osu.edu/news/events/2024-cfaes-farm-bill-summit.
Marketing
Ohio Farm Custom Rate Survey Launched for 2024
The Ohio Farm Custom Rates Survey data collection has launched once again. The online survey for 2024 is available at www.go.osu.edu/customratesurvey
Many Ohio farmers hire machinery operations and other farm-related work to be completed by others. This is often due to a lack of proper equipment, time, or expertise for a particular operation. Many farm business owners do not own equipment for every possible job they may encounter while operating a farm. Instead of purchasing the equipment needed, they may seek someone with the proper tools to complete the job. This farm work completed by others is often referred to as “custom farm work” or more simply “custom work”. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider.
Custom farming providers and customers often negotiate an agreeable custom farming machinery rate using Extension survey results as a starting point. Ohio State University Extension collects surveys and publishes survey results from the Ohio Farm Custom Survey every other year. This survey will result in a new Ohio Farm Custom Rate Survey Summary for 2024.
Custom work providers or customers are asked to respond even if they know only a few rates. Information is sought on actual rates, either what was paid to hire custom work or what was charged to perform custom work. Custom Rates should include all ownership costs of the implement & tractor (if needed), operator labor, fuel, and lube. If fuel is not included in the custom rate charge, there is a place on the survey to indicate this.
The online survey is available at: www.go.osu.edu/customratesurvey
If a document is preferred that can be printed out to complete by hand to return, please email Barry Ward at ward.8@osu.edu, Eric Richer at richer.5@osu.edu, John Barker at barker.41@osu.edu or Amanda Bennett at bennett.709@osu.edu
The deadline to complete the survey is March 31, 2024.
Coffee and Grain Marketing with Dr. Seungki Lee
Join Us On:
September 15 & November 17
7:30 to 8:00 a.m.
via Zoom
Grab a cup of coffee and join OSU Extension’s conversation with Dr. Seungki Lee as he examines the World Agricultural Supply and Demand Estimates (WASDE) crop reports each quarter in 2023. Learn more about the factors impacting the corn, soybean, and wheat markets. Producers are encouraged to bring their questions to this early morning conversation.
There is no fee to attend any of these webinar sessions.
Pre-register at: go.osu.edu/coffeewithDrLee
EVENT SPONSORS: OSU Extension, Ohio Soybean Council, Farm Financial Management & Policy Institute (FFMPI), and the Department of Agricultural, Environmental and Development Economics (AEDE)
OSU Extension Offering Quarterly Grain Market Update
OSU Extension invites Ohio grain producers to grab a cup of coffee and join a quarterly grain market conversation with Dr. Seungki Lee, Assistant Professor in the Department of Agricultural, Environmental and Development Economics (AEDE) from 7:30 to 8:00 a.m. on February 13, April 14, September 15, and November 17, 2023.
During these webinars held via Zoom, Dr. Lee will provide his insights on the World Agricultural Supply and Demand Estimates (WASDE) crop report. “These early morning webinars will be a great way for Ohio farmers to learn more about the factors impacting the corn, soybean, and wheat markets” said David Marrison, Interim Director for OSU Extension’s Farm Financial Management and Policy Institute.
There is no fee to attend these quarterly webinar sessions. Pre-registration can be made at go.osu.edu/coffeewithDrLee. These webinars are sponsored by: OSU Extension, Farm Financial Management & Policy Institute (FFMPI), and the Department of Agricultural, Environmental and Development Economics (AEDE) all located in The Ohio State University College of Food, Agricultural, and Environmental Sciences (CFAES).
What are the Market Implications of the Ukrainian Grain Export Deal?
The Ukrainian Grain Export Deal
A grain export deal was finally signed by Ukraine, Turkey, Russia, and the United Nations (UN) on July 22 (USDA, Foreign Agricultural Service, Grain: World Markets and Trade, August 2022). With much media fanfare, the first shipment of Ukrainian corn left the Bosphorus strait and headed for Lebanon on August 3 (Financial Times, August 3, 2022). The agreement, set to last for 120 days with potential for renewal, provides for the safe passage and inspection of grains from three Ukrainian ports on the Black Sea – Odesa, Chornomorsk, and Pyvdenny – shipments following a route to Turkish ports approved by the Russian navy, with an agreed 10 nautical mile buffer zone (Reuters, August 8, 2022). The movement of grain will be monitored from a center in Istanbul, and before their return to Ukraine, vessels will be jointly inspected by teams from Russia, Ukraine, Turkey, and the UN to ensure they carry no weapons (New York Times, August 1, 2022).