Posts Tagged ‘Pioneer 39D97 corn’
By North Dakota Farm Boss, May 5, 2011
Learning pays. Sometimes learning pays big.
The 2010 growing season was fantastic for AdFarm North Dakota shareholders in terms of first-hand, vested experience in crop development, management and marketing. Shareholders and 2011 prospective shareholders learned the results of last year and this year’s plan during a meeting in Fargo last week. Highlights include:
Shareholders tune in to the 2010 farm report.
- Corn was the right crop in the right year:
• Excellent growing season
• Right genetics for our land
- Dramatic changes
• In July, China lifted their former policy banning corn imports. In October, the USDA lowered their estimated U.S. corn yield.
• As a result of these two factors and continued strong demand for corn, the corn market continued to move up, and we sold our final corn in February at $6.00/bushel
- Our corn yield was 9,105 bushels
• Yield: 130 bushels/acre
• Avg. selling price: $4.83/bushel
• Breakeven price
– 120 bushel/acre
– $3.15/bushel
- Our yield compared favorably:
| 2010 corn yield |
bu/acre |
| U.S. average |
152.8 |
| N.D. average |
132 |
| Griggs County(including irrigation) |
135.8 |
| Nelson County(no irrigation) |
112.2 |
| N.D. AdFarm |
130.1 |
This was the highest profit ever and the 10th year of the AdFarm N.D. experience
Loyal shareholders like AdFarm Fargo’s Jeff Reed were rewarded nicely, with the largest profit ever.
Check, please
Yes, that translates to a profit of $38/share. Plus the $25/share investment last spring, shareholders received checks for:
1 share at $25 + $38 = $63
2 shares at $50 + $76 = $126
3 shares at $75 + $114 = $189
Loyal shareholders were rewarded nicely. Those who took advantage of the buy 4, get 1 free offer received checks for $290.01. (And one penny!). An investment of $100 + $152 + $38 bonus share= $290.01
In the words of AdFarm Fargo’s Jeff Reed, “Last year was amazing for a few reasons. Everything went the way we always would hope it does from the weather to China opening up and importing corn. As a farmer you know that this just doesn’t happen every year, but when it does, it sure feels good. Kudos to Robbie Lukens for using his psychic powers and hard work getting all the corn in a day before we got 4 inches of rain. Now I can’t wait to see 2011 unfold.”
During the meeting, someone asked, “Why did we sell at $3.30 and $3.40 bu/acre?” Cooperating Farmer Fred Lukens answers: Our projected breakeven at a projected yield of 120 bu/acre was $3.20. The Marketing Committee agreed that both $3.30 and $3.40 were above our breakeven and were good selling prices for corn compared to the previous year’s corn selling prices.
Last year’s marketing committee was guided by Cooperating Farmer Fred Lukens and relied on Weatherplanner for help in crop selection, and Grain Marketing Advisor Mike Krueger of The Money Farm for in-season crop marketing information.
Next up: Our 2011 plan. Hint: Back to soybeans.
Farmers, how was your 2010 crop? What factors affected your yields and marketing strategies? What’s your 2011 plan? We’d like to hear about it.
Posted in Ag Events, Aneta, ND, Farm Insights, Farm Updates, Farm Updates, Farmer Interview, Food Production, Marketing, Perspectives | No Comments »
Tags: AdFarm ND corn, AdFarm ND corn crop, AdFarm ND shareholders, AdFarm North Dakota shareholders, china corn import, corn markets, ND corn, ND corn markets, ND corn yield, ND farm, North Dakota Corn, Pioneer 39D97 corn, Pioneer corn
By North Dakota Farm Boss, December 8, 2010
‘Tis the season for…patience
Corn prices have gone down in the last few weeks, from $5.15 locally to $4.35. No reason to worry for AdFarm North Dakota shareholders, however.
Since August, corn (and soybean) prices had been soaring on news that U.S. grain yields were down and supplies around the world were tighter than anticipated. Yet during a few weeks in November, corn prices dropped dramatically. Why?
This year’s marketing committee takes guidance from Grain Marketing Advisor Mike Krueger of The Money Farm. He, and other proven grain marketers, believe that this drop in corn prices is a result of:
- Increases in the price of the dollar
- Funds
- Computer trading
- Rumors that China had less corn than expected due to early frosts in its main grain-growing region and was threatening to raise domestic interest rates or implement price controls
Most believe market will come back
The marketing committee met on November 23. With input from Cooperating Farmer Fred Lukens, the group continues its patience guidance, which includes:
- Predicted stocks-to-use ratio is about half what it was three years ago when corn hit $6.50 locally
- We sold 4,000 bu of our corn at average price of $3.35
- We have the balance of our corn scheduled for January delivery with a locked in basis of 75¢
- December is not a market-moving month
- Our breakeven at the 145 bu yield level is around $2.90/bu
- We’ll make our final sale decisions in January
Still in the bin
This year’s crop of about 10,100 bushels of AdFarm corn, Pioneer 39D97, remains in the bin. Fred says: “The grain is in good shape. With the cold weather, we’ll shut off the fans soon.”
Patience = profits
Meanwhile, remain patient, AdFarm shareholders. And have a lovely holiday season!
Farmers, how is your grain marketing going? What’s your take on the markets? We’d like to hear about your grain marketing moves.
Posted in Ag Events, Agronomics, Aneta, ND, Culture, Farm Insights, Farm Updates, Farm Updates, Farmer Interview, Food Production, Marketing, Perspectives | No Comments »
Tags: AdFarm ND corn, AdFarm ND corn crop, AdFarm ND shareholders, AdFarm North Dakota shareholders, china corn rumors, corn futures, corn markets, ND corn, ND corn markets, ND corn yield, ND farm, North Dakota Corn, Pioneer 39D97 corn, Pioneer corn, when to sell corn
By North Dakota Farm Boss, October 19, 2010
Shareholders, rejoice.
Harvest is done on our AdFarm N.D. acres and about 10,100 bushels of AdFarm corn, Pioneer 39D97, is in the air bin. The moisture sample was 19.3%, which is low enough for air bins.
“The yield was good, although it’s a guess with wet corn,” explains Cooperating Farmer Fred Lukens. “Shrink is about 6% for 19.5% corn dried down to 14.5%, according to North Dakota State University (NDSU). My 10,100 bu estimate is ‘after shrink.’ This would put us in the 144 bu/acre range.”
Of course we won’t know the exact bushels until we deliver it to the elevator. With good weather, the corn in the air bins will be dry by the end of November.
Profit is no problem
This year’s marketing committee has taken these steps to achieve profits for shareholders:
- Sold 4,000 bu of our corn at an average price of $3.35
- The rest is yet to sell. Right now, January delivery basis locked in at 75¢
Our price today for Jan. delivery would be $5.00/bu, yet corn prices are still going up, so the committee will look at the November USDA report, watch the markets and set the final price as the corn finishes drying
Shareholders, don’t spend your profits yet, but smile at your smart investment.
Check out our beautifully barren, freshly harvested field at Fred’s own blog post.
Farmers, how is your harvest going? Do you know a farmer with corn in? How’s it looking? We’d like to hear about corn harvest around North America.
Posted in Ag Events, Agronomics, Aneta, ND, Culture, Events, Farm Insights, Farm Updates, Farmer Interview, Food Production, Marketing, Perspectives | 1 Comment »
Tags: AdFarm ND corn, AdFarm ND corn crop, AdFarm ND shareholders, AdFarm North Dakota shareholders, farm ND corn markets, ND corn, ND corn air bin, ND corn yield, North Dakota Corn, Pioneer 39D97 corn, Pioneer corn
By North Dakota Farm Boss, May 26, 2010
The AdFarm North Dakota corn crop was planted on Thursday, May 20.
Even better, the acres received 2.4 inches of rain Saturday – Monday (much better than the 5+ inches less than 10 miles east). And soil temperature was about 62 degrees F at the time of planting, according to the state’s Agricultural Weather Network, NDAWN
This warm, wet soil is exactly what corn needs for a great start. The National Weather Service also predicts high temps in the 70’s this week.
The corn seed is Pioneer double stacked 39D97 with required 20% corn borer refuge (39D95). It was treated with Jumpstart and Torque, a product from EMD Bioscience, plus a fungicide. See photos of the smooth, level seed bed, which will help seeds germinate and, ultimately, impact crop yield at harvest time.
Meanwhile, the warm, wet soil and warm forecast points to optimism for the 2010 AdFarm North Dakota crop.
Posted in Farm Updates, Vulcan, AB | No Comments »
Tags: AdFarm North Dakota Farm, corn, corn borer refuge, Pioneer 39D97 corn, planting conditions
By North Dakota Farm Boss, May 19, 2010
Let the learning begin: 103 individuals will benefit from the educational experience of AdFarm’s 2010 North Dakota farm crop. The shareholders, from AdFarm offices in Fargo, Grand Forks and Kansas City, purchased 463 shares.
AdFarm again offered the “buy four, get a fifth share free” incentive, which attracted a few new shareholders.
Move over wheat
Last week on the AdFarm N.D. acres, there was volunteer winter wheat growing on the headlands, where it was missed by a pinto bean desication spray pass last fall. Winter wheat is very tough, and these particular stands survived disking and cultivating. The wheat germinated last fall and survived the winter. Farm Partner Fred Lukens controlled the winter wheat with a spray pass of grass killer that he had in the tank for another field operation.
Fertilize, then plant
Fred says: “If we’re lucky (read: weather cooperates), we’ll fertilize the AdFarm field on Thursday or Friday and plant it on Saturday.” He’ll seed this year’s crop: Pioneer 39D97 corn (with Pioneer 39V05 corn as corn borer refuge acres).
Stay tuned
As spring work continues to progress throughout ag country, 103 people are tuned in with a vested interest in their 70 acres.
More on Fred’s farm: www.griggsdakota.blogspot.com
Would you invest in this opportunity?
Posted in Agronomics, Aneta, ND, Farm Updates | No Comments »
Tags: AdFarm ND farm, AdFarm North Dakota farm crop, North Dakota volunteer wheat, Pioneer 39D97 corn, Pioneer 39V05 corn, Roundup Ready corn
