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Iowa’s corn & soybean harvests almost done, prices continue falling

Ag/Outdoor

October 23rd, 2012 by Ric Hanson

Iowa farmers are growing more frustrated as corn prices are falling to a point lower than what the U-S Department of Agriculture predicted prior to the start of harvest. Jerry Norton, a corn analyst for the U-S-D-A, says prices have been dropping, so the agency lowered its average corn price last week for the entire marketing year.  “Part of that has to do with the fact that even though we have a crop problem this year, this crop is still at 10.7-billion bushels,” Norton says. “That’s a large crop. We’ve seen a lot of early corn movement for several reasons, part of it because there’s just not a lot of carry in the market, encouraging farmers to hold on to corn at this point.”

With the long-running drought, early predictions were for an abysmal crop which drove up prices. Harvest season started early due to dry conditions and the corn ended up being much better quality and quantity than expected. Norton says prices are so much lower because the crop was decent and farmers are selling, bringing up supply and lowering demand. In time, he says, things could turn around.

“It looks like the price level should be moving higher over time but we haven’t seen the price levels we would have thought we’d have seen by now, so it’ll be interesting to see how it develops over the next few weeks,” he says. The weekly crop report from the USDA out today (Tuesday) finds 93-percent of the corn crop had been harvested statewide, which was a month ahead of schedule, and 96-percent of the Iowa soybean crop is in from the fields, almost three weeks ahead of normal.

(Radio Iowa)

Branstad floats flat tax rate option

News

October 23rd, 2012 by Ric Hanson

DES MOINES, Iowa (AP) — Gov. Terry Branstad says he’s considering a proposal that would let Iowa taxpayers decide if they want to deduct the federal taxes they pay from their state tax liability or just pay a lower flat state income tax rate. Branstad says discussions are in the early stages and models are being used to determine what the proposed flat tax rate might be. Currently, Iowa’s top marginal income tax rate is 8.9 percent, but ends up in the 6 percent range once federal taxes are deducted from a taxpayer’s state liability. Branstad says the proposal is part of a tax reform package for the 2013 legislative session on property and income taxes. He spoke about the plans on Tuesday to members of the Iowa Partnership for Economic Progress.

Soil Temps Still Too Warm to Apply Anhydrous Ammonia

Ag/Outdoor

October 23rd, 2012 by Ric Hanson

As air temperatures continue to fluctuate, so do soil temperatures, and that means it is still too early for Iowa farmers to apply anhydrous ammonia (NH3) to their cropland this fall, according to USDA’s Natural Resources Conservation Service (NRCS). Anhydrous ammonia applied before daily soil temperatures, at a 4-inch depth, are 50 degrees Fahrenheit and trending lower can result in nitrogen losses that can impact crop development. These nitrogen losses can leach into groundwater and streams once anhydrous ammonia is converted to nitrate, creating water quality concerns.

As of Oct. 23rd, soil temperatures were actually trending higher across Iowa after air temperatures approached 80 degrees during a 3-day stretch. Historically, soil temperatures at a 4-inch depth cool below 50 degrees in the northern third of the state during the first week of November. In central and southern Iowa, soil temperatures cool below 50 degrees during the second and third weeks of November, according to Iowa State University Extension.

Barb Stewart, state agronomist with NRCS in Iowa, says this year’s drought left residual nitrate in the soil. “In many cases, crops did not uptake all nitrogen applied,” she said. “Consider taking a late spring soil nitrate test next year and make adjustments accordingly to make the best use of the nutrients.” Producers and fertilizer dealers are encouraged to visit the Nitrogen and Phosphorus Knowledge web page, http://extension.agron.iastate.edu/NPKnowledge/, to view daily, previous day, and a 3-day history of average soil temperatures in every Iowa county.

QB Issues at Iowa State Threaten Season

Sports

October 23rd, 2012 by Ric Hanson

AMES, Iowa (AP) — Nearly every team in the country knows what it has and what it doesn’t by now. Iowa State has become the team without a quarterback. Issues at the game’s most important position are threatening to derail Iowa State’s once-promising season. The Cyclones (4-3, 1-3 Big 12) have dropped three of their last four games largely because of the league’s worst passing attack.

It’s gotten so bad that coach Paul Rhoads has made the starting job for Saturday’s home game against Baylor a three-man race. Steele Jantz, Jared Barnett and untested freshman Sam Richardson will all compete this week for the right to start against the Bears (3-3, 0-3).

Hawkeyes lose 2 offensive linemen to injury

Sports

October 23rd, 2012 by Ric Hanson

DES MOINES, Iowa (AP) — Iowa has lost starting offensive linemen Brandon Scherff and Andrew Donnal to season-ending injuries. Hawkeyes coach Kirk Ferentz says Scherff, a sophomore left tackle, broke a bone in his leg during Saturday night’s 38-14 loss to Penn State. Donnal, a sophomore right guard, hurt his right knee in the first half against the Nittany Lions. Junior Nolan MacMillan will move into Scherff’s starting spot at tackle for this weekend’s game between the Hawkeyes (4-3, 2-1 Big Ten) and Northwestern (6-2, 2-2). Redshirt freshman Austin Blythe will likely replace Donnal at guard. The loss of Scherff and Donnal is a blow to an offense that has scored just 26 points in the past two weeks.

TUESDAY, OCTOBER 23

Trading Post

October 23rd, 2012 by admin

FOR SALE:  Beagle AKC (Foxhound).  It is tri-colored (black, bornw, and white) and not fixed.  $100.  254-0166.

Arrest made in Fremont County burglaries

News

October 23rd, 2012 by Ric Hanson

Authorities in Fremont County say an arrest has been made in connection with two recent burglaries, and additional arrests are expected. The Sheriff’s Department said Tuesday, 21-year old Michael Lee Glenn, of Shenandoah was arrested Monday following the execution of search warrants at 306 West Washington Street in Randolph, and 1114 West Sheridan, in Shenandoah.

Officials say the search warrants and arrest stems from an investigation into burglaries to a residence and shop belonging to Raymond Welchans, and another burglary at a machinery building located at the Brad MacDonald residence, both in the Locust Grove Township.

(12:40-p.m. News)

(update: no injuries) Car-vs-semi accident on I-80 in Cass County

News

October 23rd, 2012 by Ric Hanson

No injuries were reported following a two-vehicle accident on Interstate 80 in Cass County this (Tuesday) morning. According to dispatch reports, a car and a semi collided at around 11:23-a.m. on I-80 eastbound, about three-miles west of the exit to Highway 148 (the 67-mile marker). Additional details are currently not available.

Atlantic P-D reports theft arrest

News

October 23rd, 2012 by Ric Hanson

An Atlantic man was arrested Monday on a warrant charging him with 2nd degree theft. The Atlantic P-D says 33-year old Ryan Richards was booked in to the Cass County Jail. Officials say the charge stems from the discovery of several shopping carts and other items, allegedly stolen from the Atlantic Wal-Mart, which were found in a storage locker that had belonged to Richards.

Atlantic Chamber seeks “Angels of Christmas” nominations

News

October 23rd, 2012 by Ric Hanson

It’s that time of year when the Atlantic Area Chamber of Commerce puts out a call for their “Angels of Christmas” nominations.

For the past several years the Atlantic Area Chamber of Commerce and Stifel Nicolaus have sponsored the Angels of Christmas award, a surprise honor bestowed upon two community members who symbolize the true meaning of the holidays. The “angels” are nominated via written letters of recommendation to the Chamber. The presentation happens in front of a large audience at the end of the annual free holiday concert at the First United Methodist Church on the second Saturday in December.

Nominations are due November 2nd. They should detail the individual or couples’ contributions and qualities and be received at the Chamber during the first week of November. The mailing address is 102 Chestnut Street, Atlantic, IA 50022 or chamber@atlanticiowa.com.

A free holiday concert, sponsored by Aunt B’s, Bonnesen’s, J&R Tax Service, and Unique Salon & Spa and coordinated by Guy Somers, is scheduled to take place December 8th, beginning at 7 p.m.