Ag Chat with Bob Bosold- May 27
There may be some changes coming to the Payroll Protection Program that the Small Business Administration is coordinating to help small businesses, including farms, get through the Coronavirus pandemic. The House may vote this week on a bipartisan bill that would give businesses getting some of that money more flexibility in how they use those dollars and still have their loans forgiven. The new proposal would expand from 8 to 24 weeks the amount of time businesses have to spend the money as well as get rid of the requirement that 75% of the money has to go for payroll expenses.
Now that England is no longer part of the European Union, U.S. officials are hoping to put together a new bilateral deal with the United Kingdom very soon. The first round of trade talks between the U.S. and England were held virtually with about 30 different groups getting involved. The next round of talks is scheduled for mid to late June.
Lots of corn planters are back in the sheds as corn planting around the country is now 88% done-up 8% from last year and 33% ahead of where farmers were a year ago this late into May. Minnesota farmers have 98% of their corn in while Iowa and Nebraska are both at 97% and Illinois has 89% of its corn planted. Furthest behind are Pennsylvania with just 47% of their corn planted while North Dakota is at 54%. The early planted corn is rated 70% in good to excellent condition. Farmers are also doing well getting their soybeans planted. As of this past Sunday, 65% of the beans were in-39% more than were planted last year at this time. Furthest ahead with that job are Iowa farmers with 92% of their beans in, followed by Nebraska at 89% and Minnesota at 88%.
Wisconsin farmers are also way ahead of last year as they now have 90% of their corn planted, up 47% from where they were last year at this time. The ealy plantings are also rated 79% in good to excellent condition with 45% of the crop already emerged. This week's Crop Progress Report also shows state farmers have 79% of their soybeans planted-61% more than last year with 25% of the beans emerging. And 93% of the oats are planted along with 88% of the fall potatoes. With the rains of the past week, topsoil moisture is now rated 93% adequate to surplus.