ALTOONA, Wis. (WEAU) -- A bipartisan group of U.S. Senators got part of what they wanted from Agriculture Secretary Sonny Perdue yesterday. Last week the senators, including Wisconsin's Tammy Baldwin, had asked for a 30 day extension for dairy farmer sign-up in the Margin Protection Program.
On Monday, Perdue said he would extend that sign-up, but only until this Friday June 8th. All dairy farmers who want to enroll, must select new MPP coverage for this year even if they enrolled during the earlier sign-up period last fall.
Early reports out of Bejing indicate the high level trade talks between the U.S. and China didn't go very well. Commerce Secretary Wilbur Ross led the U.S. delegation that was hoping to get the Chinese to buy more U.S. goods to lessen our trade deficit with China. But with President Trump's proposal to impose $50 billion in tariffs on Chinese products, the Chinese said they probably wouldn't be adding to their list of U.S. purchases. But U.S. officials are hanging tough demanding that China lessen the amount of our trade deficit, cut back on their activities in the South China Sea and back off of their attempts to gain more U.S. technology. One highly placed observer to the talks said the chances of a full blown trade war between the U.S. and China have risen significantly.
By this Thursday there will be no more Monsanto. Bayer Ag officials said yesterday they plan to finalize their $66 billion buyout of Monsanto this week and promptly drop the Monsanto name. Bayer's president said "our company name is Bayer and it will stay that way." He also said Monsanto's controversial public image in both the U.S. and abroad played a part in the decision to drop the name. The deal will make Bayer the largest seed and chemical company in the world with combined sales of the 2 companies last year of $23 billion.
Corn planters around the country are going back in to the sheds as farmers now have 97% of their corn planted, slightly ahead of both last year and the 5 year average. And emergence is also ahead of normal with 86% of the plants up and growing as the crop is rated 78% in good to excellent condition. Soybeans aren't far behind with 87% of that crop planted-also slightly ahead of the normal pace for the beginning of June. 68% of the beans are up and the crop is rated 75% in good to excellent condition. This week's Crop Progress Re[port also shows 83% of the winter wheat has headed, 97% of the spring wheat has been planted with 98% of the oats and 97% of the barley also in.
In Wisconsin, 89% of the corn has now been planted with 75% of the plants emerged. The crop is rated 91% in good to excellent condition. State farmers have also planted 79% of their soybeans with 51% of those plants already emerged. Beans are rated 89% good to excellent this week. Farmers have also planted 94% of the oats and 88% of the potatoes around the state and put up 43% of the first hay crop. Topsoil moisture conditions also improved from a week ago as it's now rated 92% adequate to surplus.
The media will get a first look at the site of next month's Farm Technology Days site in Wood County. Today is media day at the Sterweiss and Heiman farms just west of Marshfield. The show will run July 10th through the 12th featuring those 2 dairy operations and how they handle their alfalfa to feed their dairy animals. The theme of this year's show is "Farm Forward."