Originally published on Thu January 31, 2013 7:38 am
It may sound like a line from The Godfather, but some agricultural specialists advise that farming isn't personal; it's business. And family farms need to think and act more like a business to survive in a competitive world, says Bernie Erven, professor emeritus in the department of agricultural economics at Ohio State University.
Japan's decision to ease restrictions on U.S. beef imports will provide a boost to the American meat industry, but tight supplies may limit how much exports can grow this year.
Beef producers hope to restore Japanese sales to where they were before the first case of mad cow disease was found in the United States in 2003.
Democratic Senator Claire McCaskill commended Japan’s decision to ease restrictions on U.S. beef imports, saying it will be a boost for Missouri's economy.
The worst U.S. drought in decades sizzled farmland last year and cost Illinois its spot as the nation's second-biggest corn producer.
A U.S. Department of Agriculture report on 2012 crops shows that Illinois slumped to fourth among corn-producing states. It was overtaken by Minnesota and Nebraska, while Iowa still heads the pack.
The USDA says Illinois farmers produced 1.3 billion bushels of corn in 2012. That's down from 1.9 billion bushels each of the previous two years.