Soybean Weekly Update

ISA PUTS FARMER NEEDS AT THE CENTER OF FY21 PROJECTS

Today, the Illinois Soybean Association (ISA) announced a “return to its roots” for fiscal year 2021 by putting soybean farmer needs at the center of all projects funded by the ISA checkoff program. ISA’s newly updated mission now also reflects this reaffirmed commitment to upholding the interests of Illinois soybean producers through promotion, advocacy, and education. In the words of ISA President and Illinois Soybean Farmer Doug Schroeder, “We have adopted a new strategic plan for our board and staff to implement that can equip Illinois soybean farmers for the future.” Read the full release outlining all newly announced farmer-focused projects here.

ISA CO-HOSTS FIRST-OF-ITS-KIND PLANT HEALTH FIELD DAY WITH AKER

Last week, ISA joined forces with Aker to host a first-of-its-kind virtual event called Plant Health Field Day. During the event, which gathered more than 40 live attendees, ISA’s own District Director Elliott Uphoff participated in a live panel discussion with industry leaders about the evolving trends in formulation, distribution and market impact of inputs. If you missed the event, don’t fret! Check out this video that recaps the day.

UPDATED FARM INCOME ESTIMATES

Last week, the United States Department of Agriculture’s (USDA) Economic Research Service (ERS) released an update to its farm income estimates. These numbers provide a snapshot of the state of the farm sector, which is forecasted to increase in the calendar year 2020 to $102.7 billion from $83.7 billion in 2019. This measure reflects items such as cash receipts, government payments, value of inventory adjustments, and rental value of farm dwellings. Read more about the state of the farm sector and the ERS forecast here.

UNIVERSITY OF ILLINOIS AWARDED $4.5 MILLION TO DEVELOP CARBON CREDIT TOOLS

The University of Illinois has been awarded $4.5 million from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). The funding came from the ARPA-E’s “Systems for Monitoring and Analytics for Renewable Transportation Fuels from Agricultural Resources and Management” (SMARTFARM) program and will be used to calculate farm-scale carbon credits. It will also allow farmers to understand the value of their land and incentivize them to adopt management practices that benefit the soil and environment, along with themselves. Read more about this program and the funding awarded to the University of Illinois here.

MUCH ADO ABOUT BEAN LEAF BEETLES

We usually deal with bean leaf beetles in the spring, but this pest is causing issues for soybean farmers in northern and central Illinois this summer and fall. CCA Soy Envoy Jason Carr discusses what damage is being caused and if it warrants an intervention. Read Carr’s article and get the latest in-season, actionable advice at ILSoyAdvisor.com.

LOOKING FOR SOYBEAN RESOURCES? VISIT SRIN

The Soybean Research Information Network (SRIN) provides farmers with information and resources on soybean diseases, pests, diagnostic tools and more. Get state by state information, including new Illinois-specific content, along with research highlights from across the nation all in one location – the SRIN site. If you are looking for the latest articles, research projects, and other soybean-related resources, check out www.soybeanresearchinfo.com

SIX WAYS TO CREATE A SUCCESSFUL FARM BUSINESS

What tactics make the difference between a good farm and a great farm business? Jackson Takach and Zack Carpenter (Farmer Mac) discuss six things successful operators do differently to help them grow and secure their farms’ futures. Read about these common threads and watch the AMP webinar here.

NEW JOB OPENING AT ISA – PUBLIC POLICY MANAGER

ISA is looking for a seasoned Public Policy Manager who will manage governmental relations, stakeholder relationships and community engagements in support of ISA’s Government Affairs strategic objectives. This position will also manage the Illinois Soybean Association’s Chicago Office. Ideal candidates are passionate, knowledgeable and enjoy connecting with policy makers and stakeholders. If you have a deep appreciation for agriculture and the farmers we serve, read more about this role and other open positions here.

ILSOYADVISOR TWEET OF THE WEEK

While it may not always be necessary to grow your #acreage, some type of growth is necessary if you want your operation to survive, whether it is adding innovation/technology or implementing a conservation practice. Read more here: https://bit.ly/2YeQyxM #FarmManagement

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