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Archive for the ‘Indiana Farm Loans’ Category

Corn Crops’ Record Year

Thursday, September 24th, 2009

According to the USDA Crop Production report, this year’s Indiana state corn crop will be a record breaker. The crop will not only be large in production, but also high in average of bushels per acre.

The USDA took ear counts in August, but the numbers are not released state-by-state. So far the USDA predicts the ear count is about 27,600.

“That’s huge, that’s the largest we’ve ever had,” Joe Prusacki, director of Statistics for USDA’s National Agricultural Statistics Service “We expected, based on current technology trends and what farmers are doing, about 250 more ears per acre this year than last year just based on typical trends.”

Prusacki added that Illinois and Indiana have suffered from late planting seasons and although they are generally the leaders in ear counts, their numbers are about the same as last year.

The estimates will be confirmed in September’s report.

Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.

Pork Industry Impacted by Swine Flu

Friday, May 15th, 2009

A struggling pork industry is bracing themselves for more hardships.

According to Chris Hurt, agricultural economist at Purdue University, Indiana hog farmers have been losing money every quarter over the last year and half, and it the problem is increasing as the swine flu scare lingers in everyone’s minds.

Hurt said hog producers have lost $5 a head as of April 24 and today it is at $20. Since the news of the outbreak the pork industry lost $30 million.

Despite efforts by the Agriculture Department and Centers for Disease Control and Prevention to assure the public pork is safe, few people are listening. Especially after a case of swine flu was transmitted through pork in Canada.

That case was rare, and most every case was contracted from person to person.

“I think it is a new twist. It’s one where the pork producers had said it’s not been found in hogs — well, you can’t say that anymore,” Hurt said. “Maybe it’s the hogs that should be more scared of humans at this point. Or, our hog producers really needing to increase their biosecurity to really try to keep it out of our herds here in Indiana.”

Consumers do not realize there are extremely strict health protection standards in practice. State officials work hard to ensure that the standards are always in effect and producers follow them.

Are you looking for a farm loan? Low-rate farm loans are available today at Farm Plus! Call 866-929-5585 or visit online for more information regarding farm loans.

AEP Purchases an Additional Wind Farm

Thursday, March 19th, 2009

Wind farms are having a huge impact on agriculture. Many farms are turning to wind turbines to make extra money and credits. Large electric companies are buying into the trend and bringing business to new farms.

American Electric Power has sealed a deal to bring 100 megawatts of wind power to Ohio. The company, based out of Columbus, OH made plans to purchase power from a wind farm in northwestern Indiana.

The 100 watts is part of a transaction that will bring 250 megawatts to many parts of AEP’s 11 state coverage.

The farm will be developed by BP Wind Energy and will be up and running by the end of 2009.

AEP owns a total of 38,000 megawatts of power that provides energy for 5 million customers. Currently, Ohio does not see any of this wind-generated energy. Only one wind farm exists within the state in Bowling Green.

If you are interested in taking part of the green movement with a wind farm, please contact Farm Plus today. Farm loans are available for conventional farming or innovated farming. Call 866-929-5585 or visit online for more information regarding farm loans. Farm Plus will work with government agencies to provide you a farm loan. Now is a great time to inquire, farm loans have incredibly low rates!

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