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Industry

Natural gas prices decline

Mild temperatures lead to modest price declines. Prices remained relatively low at most market locations during an uneventful week with mild temperatures and relatively low demand from both the heating and cooling sectors in most regions. Henry Hub spot prices fell from $2.67/MMBtu last Wednesday to $2.58/MMBtu yesterday, and price movements across much of the country were similar. At the Chicago Citygate, prices fell from $2.60/MMBtu last Wednesday to $2.54/MMBtu yesterday, hitting a weekly low of $2.48/MMBtu on Friday. At the PG&E Citygate in San Francisco, prices fell from $2.91/MMBtu last Wednesday to $2.86/MMBtu yesterday.

Industry

Where's the feed (for MPP-Dairy)?

According to the March 26 USDA Economic Research Service Milk Cost-of-Production Estimates total feed costs now represent nearly 80 percent of the total operating costs of producing milk in the U.S. To address the income risk associated with higher livestock feed prices the 2014 Farm Bill introduced the Margin Protection Program for Dairy Producers (MPP-Dairy).

Industry

A parched California points fingers towards agriculture

“I feel like I've got a target on my back.” This is the repeated phone call coming across the lines, says president of the California Farm Bureau, Paul Wenger. Since California’s executive order to cut water usage by 25 percent, environmental groups have publicly criticized the state’s leading industry. However, California’s agricultural industry has already been taking a hit prior to the executive order due to historically low precipitation levels.

News

$5 million project examines on-farm water storage

Research will specifically focus on drainage water management. "Unlike conventional drainage systems, this practice conserves water by managing the outlet to store additional soil water at times when drainage isn't needed," said SDSU's Chris Hay.

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