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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Sep 16, 1976
Page
3
Washington AP reports that the President's Council on Environmental Quality directs all federal agencies to partner with the Agriculture Department to ensure projects do not harm highly productive farmland. The directive emphasizes protecting arable land amid federal planning efforts.
Russell W. Peterson urges that prime and unique farmlands be protected from irreversible conversion unless outweighed by national interests. He cites USDA Soil Conservation Service data showing 24 million acres of prime land and 54 million acres of high potential land, with urban development eroding cropland at about two million acres yearly. The memo asks agencies to factor farmland preservation into environmental impact statements for federal actions.
The USDA foresees higher feed costs and a smaller rise in grain fed meat animals due to drought impact on the corn crop. Corn for feed may total about 3.75 billion bushels, with a range around 150 million, affecting 1977 price projections. Soybeans and exports also shift as stocks tighten and end-year forecasts drop.
The University of Missouri issued a farm management newsletter based on Missouri Mail-In Records by Leroy Rottmann. It breaks farms into farrow-to-finish, feeder pig producers, and feeder pig purchasers, detailing value of production, costs, and margins per cwt. For farrow-to-finish, value $52.16, costs $38.14, return $14.02. variable costs 92.45% of total. Feeder pig producers show value $71.55, costs $56.35, return $15.20. feed 57.6% of total, labor 14.94%. Finishing operations yield value $39.51, costs $36.39, return $3.11. high feeder pig purchase costs reduce per cwt value.
Mexico MFA Soybean Mill raised storage to 2 percent per bushel per month with a 10 cent minimum and added a 7 cent receiving charge. The new minimum storage charge is 17 cents per bushel. Manager Kermit Head says farmers must sell or remove stored beans by August 31 each year to free storage for harvest.
Washington AP reports a 5 percent cut in the corn crop forecast leaves a record 6.89 billion bushels predicted, enough to meet foreign and domestic demand. Yet wheat and other grain producers balk at higher loan rates as lawmakers urge Ford to boost the wheat production loan to 2.50 a bushel to ease storage and financing burdens. An emergency task force from American Waterways Operators forms to coordinate with the Army Corps of Engineers as Mississippi River barge capacity halves due to water shortages.
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