Soybean Weekly Update

IDOA ANNOUNCES 2020 COVER CROP PREMIUM DISCOUNT PROGRAM

This week, the Illinois Department of Agriculture (IDOA) announced the second year of the “Fall Covers for Spring Savings Program.” The program is applicable for acreage in Illinois planted to cover crops in the fall of 2020 that will be planted to an insurable crop in 2021. Eligible applicants receive a $5 per acre premium discount on the following year’s crop insurance invoice for every acre of cover crop enrolled and verified in the program. Applications will be available in December on the Illinois Department of Agriculture website. In the meantime, contact the IDOA at (217) 782-6297 for additional information.

TOMORROW: VIRTUAL PLANT HEALTH FIELD DAY WITH AKER

A reminder that tomorrow, Sept. 4, ISA will be joining forces with Aker to host a virtual plant health field day from 9 to 10:30 AM. Following a demonstration of Aker’s remote sensing technologies, ISA District Director Elliot Uphoff will participate in a live panel discussion with industry leaders about the evolving trends in formulation, distribution and market impact of inputs. You can learn more about the virtual field day and register for the event here.

CELEBRATE HARVEST SAFETY WEEK 2020

This week ISA is joining the National Grain and Feed Association (NGFA) to celebrate Harvest Safety Week 2020. During this second annual event, NGFA is providing safety resources particularly useful during the fall harvest to your inbox each day. Join us in reinforcing the important commitment to employee safety by sharing NGFA’s safety materials as far and wide as possible. You can access NGFA’s full suite of resources, including videos, safety tip sheets, webinars, and more here.

2020 SOY OUTLOOK FROM GROWER LEADERS AND PRO FARMER

Last week, The U.S. Soybean Export Council (USSEC) and The Specialty Soya and Grains Alliance (SSGA) co-hosted the 2020 U.S. Soy Global Trade Exchange and Specialty Grains Conference, bringing together more than 1,500 buyers and sellers representing nearly 70 countries to learn more about the competitive advantage that represents U.S. soy. During the event, Pro Farmer and U.S. soy grower leaders shared their latest soy outlook in which they pegged the national U.S. soybean yield at 52.5 bushels per acre, down 0.8 bushels from the U.S. Department of Agriculture’s (USDA) estimates, with a national supply of 4.362 billion bushels. Still, economists who attended the conference said they expect U.S. soy exports to continue to expand. Visit here to read more forecasts from last week’s event.

JOB OPENINGS AT ISA
ISA is looking for qualified individuals to fill their Content Manager, Communications Coordinator and Executive Assistant positions. Ideal communications candidates will execute a variety of content needs from written and digital to press releases and media relations within the communications department. The Executive Assistant will be responsible for high-level administrative work providing a wide range of technical support across all areas of the organization. If you have a deep appreciation for agriculture and the farmers that we serve, read more about the requirements and
apply now.

THREE CONSIDERATIONS FOR FALL COVER CROPS

If you are considering incorporating cover crops on your operation this fall, it is important to understand the potential challenges ahead of you. Todd Steinacher shares five tips on how to overcome these challenges and prepare for planting fall cover crops. Read Steinacher’s article and get the latest in-season, actionable advice at ILSoyAdvisor.com.

PHASE 1 U.S.-CHINA TRADE AGREEMENT SHOWS PROGRESS

The U.S. and China are witnessing progress in the implementation of the Phase 1 trade agreement. During a six-month review call held last week, senior officials from both countries reiterated their commitments to ensuring the agreement’s success. In a statement released after the call, the U.S. Trade Representative (USTR) affirmed that the parties discussed “significant increases in purchases of U.S. products by China, as well as future actions needed to implement the agreement.” Read the full USTR statement here.

APPLICATIONS NOW OPEN FOR 2021 TFI 4R ADVOCATE PROGRAM

The Fertilizer Institute’s (TFI) 4R Advocate program is kicking off its 10th anniversary with the acceptance of nominations for the 2021 4R Advocate awards. This program recognizes farmers and fertilizer retailers for their commitment to sound nutrient stewardship using the 4Rs – the right fertilizer source, at the right rate, the right time, and in the right place. To date, 90 4R Advocates from 22 states, representing nearly one-quarter million acres of crops like soybeans, corn, and more, have been recognized. Advocate nominations are due no later than Oct. 30. To apply or learn more, click here.

ICYMI: ISA ANNOUNCES STAFF PROMOTIONS & FOUNDATION LAUNCH

In case you missed it last week, the Illinois Soybean Association (ISA) announced the promotion of several employees to new roles that position the organization for future success and growth. Along with these exciting staff updates, ISA announced it is launching a new foundation arm of their organization that will let them better serve famers and their communities, while also allowing them to make checkoff investments go even further. Read more about those promoted and the new foundation here.

WISHH RELEASES NEW WEBINARS ON TRADE MARKET DEVLEOPMENT EFFORTS

The World Initiative for Soy in Human Health (WISHH) held a three-part webinar series on Aug. 18-20, offering strategic partners for feeds and soyfoods in emerging market and developing countries an important foundation of knowledge and feedback for the program’s next steps. The virtual series, which convened 150 entrepreneurs, non-governmental and government representatives from 15 countries, ranging from Sri Lanka to Nigeria to Guatemala, featured three internationally recognized experts who advised WISHH strategic partners on resilience strategies for food safety, crisis management and an effective four-step system to achieve safe and efficient production during COVID-19. Visit here to watch the webinar recordings.

ASA PROMOTES NEW VIDEO ON THE ORIGINS OF THE NATIONAL SOYBEAN CHECKOFF

The American Soybean Association (ASA) is continuing its 100th anniversary celebrations with a new video that explores the origins of the national soybean checkoff. Check out the video here to listen to the checkoff genesis story.

ILSOYADVISOR TWEET OF THE WEEK

Interest rates, value cycles and business goals should play a part in the decision to buy more #farmland. Is the pandemic an opportunity to invest in land? https://bit.ly/3j5rGAF

See more tweets from @ILSoyAdvisor and “follow” along on Twitter.