Carbon

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Partners & Friends,

Winter is supposed to be a slow time on the farm, but it seems urgency still abounds. End of year accounting, seed ordering, chemical procuring, landowner contacts, crop productions, and marketing meetings are all consuming our days. Throw in a milking parlor remodel when extra help is available, and now we have full-time employment. This week another wrench was put into the mix with the informational meeting for the proposed Heartland Greenway Carbon Pipeline. The meeting held in Macomb was very well attended. The crowd was full of questions but none were answered publicly. We were supposed to be able to view the land tracts affected, but somehow ours wouldn't download. The route they proposed cuts through 6 tracts of ground we farm—most of them patterned tiled. Upon further investigation, it seems to me that this is another example of global corporations investing dollars to install infrastructure on our property so they can collect federal tax credit dollars to line their pockets with some nice returns. I am not convinced that pumping carbon into a cavern for 30 years with the hope that we find answers to our carbon production globally is a very wise use of infrastructure. If this was moving oil or natural gas for the public good, we might feel more positive about the project. Locally, there seems to be growing objection to the line. All this while we personally will have difficulty collecting carbon credit dollars because we are already no-tilling and using reduced tillage to preserve carbon on our farm. What a paradox!

We are keeping busy in the office, still cleaning equipment, servicing equipment, converting our milking parlor to a usable work area, and preparing to put more tile in the ground if weather allows.

Winter meeting season is upon us as we evaluate what practices gave us returns this past year and plan for equipment and field treatment modifications.


Cash grain markets are staying very strong—basis levels are historically high for this time of year. Fertilizer prices are not easing yet. We have made some modifications to our chemical programs due to product shortages or extreme price increases. The whole China/Russia situation is getting to be a tense one—I look for some happenings after the Olympics are over.


Family is doing great. We hope to get together this next weekend for some birthday/Christmas celebrating. UChicago delayed the start of classes one week and is now online for 2 weeks before returning to campus. Phyllis' eye is healing nicely. The cold weather this month is balancing out the warm December we experienced.


Fall Prices:

Corn 5.43

Soybeans 12.83


Steve

Black Pipe

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Partners & Friends,

Over the years you have heard us talk about the value of underground drainage tiling on the acres we farm. Ever since Charles purchased our first tiling machine—the Buckeye 301—in 1974, this farm has owned a machine to install tile. I put myself through college with that first trencher. After the first machine there was a Speicher 600, and now we have our current Soil Max Tile Plow. Over the years we have installed many miles of black plastic perforated pipe. Last spring was another example of the advantages of pattern tiled fields. Those fields that have complete systems installed were ready to plant sooner, soil conditions were excellent, there was no replant, and our highest yields were obtained there.

Included in the pictures in this post are a couple from Nauvoo, Illinois, that drive for Timewell Drainage, our tile supplier. This couple delivered tile to us from Kentucky! We accumulated tile all summer long because of supply problems last year after harvest. Last year we usually waited about 10 days after ordering to get tile delivered—this year we get it the next day. I point this out because a lot of these supply issues that we are now experiencing will be resolved. The companies and vendors that are going to survive will figure out how to fill the gaps and reap big long-term benefits from it. This company increased their capacity 40% in a year's time and are proving to be reliable suppliers. Others are following suit. And with prices much higher than a year ago, I would assume they are keeping margins in fine shape.

We are putting tile in the ground as fast as possible with the labor force we have. If the weather holds out we hope to install tile on over 300 acres this fall and that much again next year. We are also delivering non-GMO corn in our allotted window and coring the centers of the bins for grain quality purposes. Lots of tasks being put aside for now.

In the world, the EPA announced some resolution to the Renewable Fuel Standards yesterday—looks like it will help stabilize corn demand for now. Brazil’s bean crop is off to a great start with timely planting and sufficient rainfall. This time of year is uneventful in grain marketing. Input prices are looking to stay very strong into 2022. Some supply problems are looming with chemicals.

This is a great time of year to soak up the celebration of our Savior's birth. Attended the Chosen Christmas special last week (download the app if you haven't already). Time for Christmas programs and get-togethers with family and friends to help us appreciate all we are blessed with. Phyllis’ eye is slowly healing from this third surgery, the most painful yet. Prayers appreciated. The farm team Christmas party was a fun time—we appreciate our crew!

Current Prices:

Corn 5.84

Soybeans 12.49

Enjoy this blessed season and keep in touch!

Steve

Finish Line

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Partners & Friends,

We finished up the last corn field Wednesday, November 3rd, about 9:30pm. On the last day, Oma (Wilma) came to the field to ride with her grandson, and got to help complete harvest on land she and Charles had purchased 58 years ago. It is a good feeling to be done with the combine for the time being. Now on to all the peripheral stuff that involves a lot of details to complete. NH3 application, field mowing, equipment washing, truck maintenance, fall burndown spraying, and tiling projects, to name a few. We are still plenty busy but the late nites have dissipated. We welcome the time change as it gives us more early light to get chores done and projects underway. We are giving thanks for the good yields that held thru the entire harvest season--probably our second or third best corn and bean yields ever. We will need some office time now to get analyses and summaries completed. We are facing parts availability issues on a couple of pieces of equipment, and it does appear there might be some supply problems for fertilizer next spring. We are so glad we did the bin site upgrade this year--the storage and time savings really paid off. We are monitoring the corn/soybean price ratio for this next year's crop to determine profitability for next year’s crop mix. As of now we plan on keeping our 50/50 corn/soybean rotation.

Farmer sentiment is waning as prices are sliding and there is so much uncertainty where the federal government is taking us for taxes and infrastructure. Planning is becoming difficult . Brazil is planting record bean acres at a very good pace. Livestock issues worldwide are causing concern for soybean usage and meal supplies. Ethanol production is at record levels and oil is surging higher. Seems like a perfect storm for something?

Family great! Phyllis is healing after her second retina surgery. Looks like she will have restricted activities for 2-4 more weeks. UChicago Family Weekend was interesting and well attended. Harper gave a great devotional at chapel this week. Getting thanksgiving plans organized--lots to give thanks for!

Prices currently:

Corn 5.48

Soybeans 11.92

Stay safe & keep in touch - appreciate any and all comments!

Steve

Heat of the Battle

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Partners & Friends,

Sometimes harvest feels like we are in a war with the standing crops and each day we go see what we can conquer. In the middle of harvest sometimes it seems we are making little progress and then suddenly we realize we are much further along than we thought. As I have referred to before this fall, the stalk quality of the corn is very poor. We are dealing with downed corn stalk problems that we haven't seen in over ten years. The warm and dry weather has caused the corn to dry down very rapidly (which is good for saving on drying costs) but harvesting is getting to be a struggle; Monday we spent the better part of the day working through 40 acres. We did deal with a combine tire problem that day too, but usually we can easily harvest 100 acres a day.

But enough whining! Our new cornhead is a real lifesaver and really glides through the downed corn and picks up a vast majority of it. Also the crop is a good one--both corn and beans! Marcus keeps reminding us that despite all the challenges the crop is good! And the crew we have in place is really doing a great job of filling in gaps. We really appreciate all of them!

Commodity prices are sideways to steady for harvest--looking like we will see some strength in the future. It does appear that Brazil is planting beans at a record pace and more acres than ever. We are trying to lock in some inputs for next year and the nitrogen for corn seems to be the most challenging. Some chemicals are going to be hard to source, mainly because the suppliers cannot get plastic containers to put the chemicals in.

Family updates: We made a trip to the apple butter festival in Missouri last weekend. Harper took a position as a 4-H officer. Phyllis is recovering from retina surgery. A beloved Uhman uncle - the oldest surviving sibling - passed away this week.

Fall Prices:

Corn 5.26

Soybeans 11.92


Keep in touch!

Steve

Moving Along

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Partners & Friends,


Harvest is progressing rapidly with the dry weather. We are 75% complete with beans and 30% finished with corn harvest. The remaining beans are losing moisture and leaves rapidly--it is a struggle to keep up. The early planted corn is mostly down around 15%, so we can put it directly into the bins without drying. Things will move quickly now if the weather cooperates. We received over an inch of rain this past weekend and there are some light showers predicted at different times this week. The weather probably is not the best for bean harvest but we hope to keep attacking the corn. The poor stalk strength is causing more downed corn each day. A windstorm would really wreak havoc. We have an excellent crew this fall--a total of 8 part-time college and high school students. Phyllis and Shanna are on parts runs and Shanna is heading up meal detail--no one is losing weight this fall! Our red combine is performing well but we are having a few struggles with the new corn head. Still dealing with the replacement generator at the corn handling site but not delaying harvest.


Prices are in the harvest doldrums. Corn yields seem to be a bit below expectations and that is supporting the corn market somewhat. It seems the late August rains did help the beans, and yields there are doing well--at or above expectations. I think the majority of farmers are not in favor of the $3.5 trillion Build Back Better bill being debated in Congress. We are facing supply issues with parts and crop inputs. The world is different!


New goats on the ground! Time to make cider. Harvest celebration will be October 30th, 2-10pm at Marcus and Shanna’s shop: bounce house, kids’ activities, the local favorite band The Rockin’ Papas play 5-8pm. Plenty of food and fun for all!


Prices:

Corn 5.27

Soybeans 12.09


Keep in Touch,

Steve