Connect with us

Arkansas

Arkansas’ planted acreage plummets compared to March projections – Talk Business & Politics

Published

on

Arkansas’ planted acreage plummets compared to March projections – Talk Business & Politics


Increased diesel gasoline and fertilizer prices have decreased the variety of actual row crop acres planted in Arkansas in 2022, in response to a report issued by the U.S. Division of Agriculture. Drought situations within the northern and jap elements of the state will doubtless add to the enter prices and drive some farmers to desert much more fields which means harvested acres will plummet additional.

Yields will in all probability endure this fall because of the lack of constant rain.

Advertisement

“Whenever you tally up the March-to-June distinction for all crops – soybeans, rice, corn, cotton and peanuts – June acres are 155,000 lower than March intentions,” stated College of Arkansas agri economist Scott Stiles. “You’d suppose with the moist April situations that soybeans would have been the beneficiary and are available increased than the March estimate. We had traditionally robust crop insurance coverage ensures this spring. As planting for our earlier crops bought pushed towards the ultimate planting dates, it’s doubtless we had some acres go to prevented planting.”

There’s little doubt the variety of acres will decline additional as farmers start to desert fields as drought situations worsen in August. The Nationwide Climate Service predicts temperatures are anticipated to stay above common by means of a minimum of a part of the harvest season.

Information for the USDA acreage report have been derived from surveys performed in the course of the first two weeks of June. Acreage did fall from acknowledged intentions, and two main crops, soybeans and cotton, rose from 2021 planted acreage. However current reviews from the USDA point out that cotton acres are anticipated to drop by as a lot as 30% nationwide. How that may impression Arkansas’ cotton crop is unsure.

“Rice, corn and peanuts have been all decrease,” Stiles stated. “There was comparatively good worth power this spring throughout all commodities. Corn and soybean costs have been on the highest ranges since fall 2012, and cotton and rice costs have been the best since 2011.”

Advertisement

Arkansas soybean acres additionally fell barely in need of reported March intentions at 3.2 million acres. This nonetheless represents a rise of roughly 160,000 acres in comparison with 2021. A lot of the nation’s soybean planting stays within the estimate stage on account of slower planting in states reminiscent of Minnesota, North Dakota and South Dakota, the place moist situations slowed progress in late spring and early summer season. Nationally, planted soybean acres rose about 1% to an estimated 88.3 million acres.

Whereas planted acreage for all main commodities in Arkansas was a minimum of barely decrease than reported intentions in March, peanut growers reported essentially the most important drop in acreage, falling greater than 14% from 35,000 deliberate acres to 30,000 planted. In 2021, Arkansas growers planted 36,000 acres of peanuts.

Travis Faske, extension plant pathologist and performing peanut agronomist for the Division of Agriculture, stated the drop in acreage didn’t shock him.

“As cotton acreage will increase, the peanut acreage is the inverse, usually,” Faske stated. “Some reductions have been on account of rotation and others to extra aggressive costs in cotton and soybeans.”

Nationally, peanut acreage fell about 3%, to 1.54 million acres.

Advertisement

Regardless of current surges in grain commodity costs, planted corn acreage fell to 710,000 acres from 2021’s 850,000 acres. The rise in fertilizer prices is the first wrongdoer. Jason Kelley, extension wheat and feed grains agronomist for the Division of Agriculture, stated this yr’s corn acreage was unsurprising.

“Arkansas producers reduce some corn acres on account of fertilizer costs, however climate delays additionally resulted in late planting that trimmed some acres from earlier intentions,” Kelley stated.

Nationally, planted corn acreage fell about 4% to 89.9 million.

Arkansas’ planted rice acreage fell barely from 2021, falling about 60,000 acres from final yr’s 1.2 million acres and marking the bottom whole rice acreage for Arkansas since 2013. Jarrod Hardke, extension rice agronomist for the Division of Agriculture, stated total rice acreage fell according to his expectations.

“The small shock was how low medium-grain acreage was as part of that,” Hardke stated. “Market calls for prompt we might improve medium-grain acres, however as a substitute we decreased.

Advertisement

“Acreage estimates have been an enormous goal all through the winter and spring,” he stated. “In December and into January it seemed like 1.3 million acres have been doable, earlier than eroding with enter prices and planting delays, which even reached the purpose of questioning if we might attain 1 million. Planting situations and costs then improved to open the door to us exceeding 1.1 million.”

Nationally, planted rice acreage fell to 2.3 million acres from 2021’s 2.5 million.

Heavy rains within the spring had a major impression on planting and now the shortage of rain will doubtless impression crop high quality. For the reason that first week in June it has rained lower than an inch and half in Jonesboro, which sits within the middle of the Arkansas Delta. It’s greater than 70% much less rain than regular for the months of June and July mixed, the NWS reported.

All or elements of Fulton, Sharp, and Randolph counties are actually categorised as being in part 3, or excessive drought, in response to the U.S. Drought Monitor. It’s the second highest classification. Just about each different county within the Arkansas Delta is now in part 1 or part 2 on the drought monitor.

Much less rain means farmers must depend on extra irrigation to water crops. This may improve enter prices and impression yields. How a lot it would impression yields received’t be identified till the harvest.

Advertisement

Abnormally excessive dry situations within the higher Midwest might impression commodity costs because the harvest nears. Many farmers on this area depend on rain occasions to water crops and don’t irrigate. Elements of a number of Midwest states are within the abnormally dry class or in part 1 drought, in response to the U.S. Drought Monitor. Some elements are even in part 2 or 3 drought. If drought situations linger, soybean and corn yields in these states might drop which might result in commodity worth will increase.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Arkansas

Knowing the Florida Gators Opponent: Arkansas Razorbacks

Published

on

Knowing the Florida Gators Opponent: Arkansas Razorbacks


Gainesville, Fla. – The Florida Gators men’s basketball team’s next destination is Fayetteville, Ark., as they’ll take on the Arkansas Razorbacks (11-4, 0-2) on Saturday for their third SEC matchup of the season. 

Florida is currently sitting at 14-1 on the season and 1-1 in conference play. They opened their SEC slate with a nail-biting loss to the Kentucky Wildcats, losing 106-100 in Lexington. 

However, the Gators were able to avenge this loss with one of the most dominant wins in men’s basketball history on Tuesday over No. 1 Tennessee. They trounced the Volunteers 73-43 in the O’Dome, marking the Gators’ first regular-season win over an AP No. 1-ranked team in program history and the biggest win over a No. 1-ranked team in the NCAA since 1968. 

But enough about what Florida has done this season, let’s shift the focus to their opponents, the Razorbacks, and see who they are. 

Advertisement

Arkansas’ season started out nice with a win over Lipscomb. However, it wouldn’t be the same for them in their second game of the season against then-ranked No. 8 Baylor, as they found themselves on the losing end of a tightly contested battle. 

Then, following a good stretch for the team in red, they were tasked with the current No. 13 in the AP Poll, Illinois, and things wouldn’t go so well for new Razorbacks head coach John Calipari. His team was outclassed in this game 90-77, which ended their winning streak at four. 

Arkansas did make amends with their fans a few games later, though. While participating in the Jimmy V Classic, they matched up with then-ranked No. 14 Michigan, who they narrowed past 89-87. 

This win over the Wolverines helped maintain a three-game win streak that would eventually turn into a six-game streak. However, since SEC play started for the Razorbacks, they are 0-2 with losses to Tennessee and Ole Miss, who are currently ranked in the Top 25 AP Poll. 

These pair of losses put Arkansas at just a 1-4 record against teams on their schedule to have been ranked or that are currently ranked.

Advertisement

While it was a complete roster overhaul for Calipari and the Razorbacks this offseason that was fueled by the transfer portal, their biggest grab has been from the high school ranks. 

They added highly ranked players like Johnell Davis, Adou Thiero and Jonas Aidoo all from the portal, but it’s former five-star guard Boogie Fland who’s been arguably the best player for the Razorbacks this season. 

Fland is averaging 15.5 points, 5.9 assists and 3.6 rebounds per game through 15 games this season. He is also connecting on 35.7 percent of his threes, which shows he’s more than just an inside scorer. Additionally, his 5.9 assists rank 24th among his competitors. 

But in these first two SEC games, Fland is just 10-for-35 from the field and 3-for-17 from deep. 

If the Gators can’t keep him in check like he’s been over these last two, then it might be a long afternoon for the visitors on Saturday. 

Advertisement

Despite bringing in tons of talent that should’ve resulted in a great offense, Arkansas has been anything but that. 

They currently rank inside the bottom five teams in the SEC in scoring offense, averaging 79.4 points per game. They do have two players scoring at least 15.0 points per game, but that’s pretty much it. Outside of Thiero (16.9) and Fland, they only have one other player in double figures (DJ Wagner, 10.5). 

Moreover, if this becomes a free-throw-dominated affair, the Gators shouldn’t be too worried about the Razorbacks’ performance at the line. They are shooting 71.1 percent from the charity stripe, which is good for 12th in the league. 

And, lastly, they have little to no presence on the glass. They are the worst team in the SEC in offensive rebounding, and they are 13th out of 16 teams in overall rebounding. These are two areas where the Gators dominate, and if things play out like they have been this season, then the visitors should outmuscle their counterparts. 

This game will be televised on Saturday at 4 pm on ESPN. 

Advertisement



Source link

Continue Reading

Arkansas

Viewer pictures: The Natural State transforms into a winter wonderland

Published

on

Viewer pictures: The Natural State transforms into a winter wonderland


LITTLE ROCK, Ark. – A winter storm rolled into Arkansas Thursday and brought with it snow to the majority of western and central Arkansas.

Many from around the Natural State sent in pictures of their area covered in snow.

Though Arkansas is already full of natural beauty, there’s something about the state covered in snow that makes it even more of a winter wonderland.

Several kids from around the state got out and took advantage of the day off of school by throwing snowballs, digging up the snow, sledding and of course making snow angels.

Many who got out in the snow had enough accumulated to make snow men.

Share your snow day pictures at KARK.com/winter-pics.

Advertisement



Source link

Continue Reading

Arkansas

Arkansas Blue Cross & Blue Shield Lays Off About 75 Workers, Reports $100M Loss

Published

on

Arkansas Blue Cross & Blue Shield Lays Off About 75 Workers, Reports 0M Loss


Arkansas Blue Cross & Blue Shield sent layoff notices to 2% of its workforce — about 75 employees — on Thursday after reporting a loss of more than $100 million in the first three quarters of 2024, the state’s dominant health insurance carrier confirmed.

The Little Rock nonprofit had 3,375 employees as of April 2024, and its $3.14 billion in 2023 revenue put it at the top of Arkansas Business‘ most recent list of the state’s largest private companies. 

But revenue in the first three quarters of 2024 was down by almost 7%, and the company (officially USAble Mutual) reported to the Arkansas Insurance Department a net loss of $100.5 million for those nine months. That compares with net income of $94.7 million for the same period in 2023, although the year finished with net income of just $13.2 million.

“The reduction in workforce was due to changing conditions in the market and increasing financial pressures primarily due to health care costs jumping to the highest levels in more than a decade,” Max Greenwood, an ABCBS spokeswoman, said in response to email questions Thursday afternoon. 

ABCBS also has seen “large increases” in the use of all medical services, especially prescription drugs.

Advertisement

“These situations have caused necessary shifts in business strategy across the health care and health care insurance industries,” she said.

In addition, the insurance company lost tens of thousands of members as result of the state’s disenrollment of tens people on Medicaid in 2023. 

As part of the Obama-era Medicaid expansion, the state pays private insurers to provide health insurance policies to qualifying Arkansans under the Arkansas Health & Opportunity for Me program, or ARHOME. This program had been known as the “private option” and Arkansas Works.

In January 2023, ABCBS had about 207,000 ARHome members. By December 2024, it was  down to 108,729, Greenwood said. 

“We’ve also seen a drastic increase in the claims amounts among our ARHome population,” she said. “Remember, since we were the first company who offered ARHome policies statewide when the program began, our block of members in that program is older and most likely unhealthier than what other carriers may be experiencing.”

Advertisement

ABCBS’ premium revenue fell during the first three quarters of 2024. It reported $2.2 billion premiums collected net of reinsurance through Sept. 30, a 4.8% drop from the same period in 2023.

The insurance company’s total members also fell from 630,444 on Dec. 31, 2023, to 598,492 on Sept. 30. The biggest drop came from its comprehensive individual plan. In that group, the total members fell nearly 17% to 132,596 members. 

ABCBS also laid off 85 employees in January 2024. Those positions have not been refilled, Greenwood said.

She said it was too early to tell what the financial numbers will look like for the fourth quarter, which ended Dec. 31. No additional layoffs are planned at this time.

“Every executive vice president was asked to make reductions in their areas,” she said. 

Advertisement

Greenwood said the insurance company has made several other budget-tightening moves for 2025. “We’ve reduced our budget by more than 7% including cuts to consulting and outside vendor costs, contract labor, software and equipment and facility costs,” she said. “We’ve also had to implement substantial premium increases on our small and large groups.”

Greenwood said the company has a strong balance sheet and has no concerns about its liquidity.   

Founded in 1948, Arkansas Blue Cross & Blue Shield offers health and dental insurance policies for individuals and families. 

 

Advertisement



Source link

Continue Reading

Trending