Midwest Crop Tour Pegs the Impact of 2012's Historic Drought

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<html><head><title></title></head><body background="http://www.agweb.com/=ims/Agribusiness/images/stripe_bgd.gif" alink="#ffcc00" bgcolor="#ffff=f" text="#000000" vlink="#0000cc" link="#0000cc" name="http:__www.=gweb.com_aims_Agribusiness_images_stripe_bgd.gif" spname="http:__www.agw=b.com_aims_Agribusiness_images_stripe_bgd.gif"><IMG src="http://open.mkt7.com/open/log/39646083/MTU5MTYyNjUyMDYS1/0/MTU2Mzk1OTQyS0/1/0"><CENTER>=FONT SIZE="1" COLOR="#000000" FACE="ARIAL">This message contains gra=hics. If you do not see the graphics, <A href="http://links.mkt1847.com=servlet/MailView?ms=Mzk2NDYwODMS1&r=MTU5MTYyNjUyMDYS1&j=MTU2Mzk1OTQy=0&mt=1&rt=0%%FORWARD_INFO%%">click here to view</A>.</FONT><font face="ARIAL" color="#808080" size="2"><br></font></CENTER><div align="c=nter"><a name="top" ></a><br /><table border="1" cellspacing="0" =ellpadding="0" width="550"><tr><td bgcolor="#ffffff" height="910" =align="top" align="center"><table border="0" cellspacing="0" cellping="5" width="550" bgcolor="#efefef"><tr><td bgcolor="#ffffff" =eight="9" colspan="2" align="center"><div align="right"><img borde="0" alt="" width="190" height="49" src='http://contenta.mkt7.com/ra/2012/29506/08/39646083/Farm Journal Media.JPG' /></div></td></t=></table><table border="0" cellspacing="0" cellpadding="5" width="P"><tr><td height="39" colspan="2"><b><font color="#000000" size=3" face="Arial, Helvetica, sans-serif"><u>For Immediate Release</u></fon=></b></td><td><div align="right"><font color="#000000" size="2" face="Arial, Helvetica, sans-serif"><strong>For more information contact:<br =></strong><br /><strong>Joe May</strong><br /><strong>Phone: 319.268.4361<=r />E-mail: <a href="mailto:joem@profarmer.com" name="joem_profarmer_=om">joem@profarmer.com</a></strong><br /></font></div></td></tr></table><t=ble border="0" cellspacing="0" cellpadding="5" width="550"><tr><td=height="99" colspan="2"><div align="center"><h2><strong>Midwest Crop=Tour Pegs <br />the Impact of Historic Drought</strong></h2></div></td></t=><tr valign="middle"><td height="162" valign="middle" width="100%"=<p><em>Cedar Falls, IA </em>(Aug. 27, 2012) — Professional Farmers o= America, a division of Farm Journal Media, today reported its production =stimates for the 2012 U.S. corn and soybean crops. In a highly challenging=crop production year, the organization’s Pro Farmer Midwest Crop Tou= saw record attendance of 2,600 guests at its evening meetings this week, =nd garnered substantial national and international news coverage.<br /><br=/>Crop Tour field scouts gathered more than 2,300 corn and soybean samplesross seven Midwest states August 20-23. The area surveyed accounts for a=out 70 percent of U.S. corn and soybean production. As expected, measureme=ts of the samples showed dramatic declines in yield potential for both cor= and soybeans across the drought stricken region.<br /><br />“We fou=d hard-hit fields throughout each of the seven states,” said Chip Fl=ry, editor of the <i>Pro Farmer</i> newsletter. “Unfortunately, yiel= declines of 20 percent or more will be common for many growers this year.=rdquo;<br /><br />Based on Midwest Crop Tour data and other sources, <i>Pr= Farmer</i> estimates that overall production will decline by about 15 per=ent for both corn and soybeans for 2012 compared to 2011. The 2012 U.S. co=n crop is estimated to be 10.478 billion bushels, yielding 120.25 bushels =er acre. For soybeans, the production estimate is 2.6 billion bushels (34.= bushels per acre).<br /><br />“Our scouts were in many corn fields =hat were heavily stressed by this summer’s drought and heat,” =lory explained. “The weather stress and other disease and pest probl=ms have weakened stalk strength. Farmers must figure out which fields they=need to harvest first before stalk lodging results in even more lost yield=”<br /><br />He added, “The soybean crop needs a rain right no=. Without that much-needed water, yield potential will be even lower than =e estimated.”<br /><br />More than 2,600 people attended Crop Tour&r=quo;s seven evening meetings sponsored by DuPont Pioneer, SFP (Specialty F=rtilizer Products), RCIS (Rural Community Insurance Services), Farm Credit=Services of America, Gavilon, and Chevy Truck. The final evening report an= meeting, at Ritchie Brothers' auction Theatre near Owatonna, Minn., attra=ted more than 600 attendees. The panel’s report was featured this pa=t weekend on Farm Journal Media’s nationally syndicated television p=ogram “U.S. Farm Report.” Extensive coverage will also appear =n a special insert within the September issue of <i>Top Producer</i>. <br =><br />Participating in the 2012 Tour were more than 100 volunteer scouts =rom five continents, including growers, agribusiness, media, government, a=d financial firms.<br /><br /></p></td></tr><tr bordercolor="#020000"><t= height="65" width="100%" align="left"><font size="2" face="Aria=, Helvetica, sans-serif"><b>About <i>Pro Farmer</i> and Professional Farme=s of America</b></font><br />Professional Farmers of America, based in Ced=r Falls, Iowa, publishes the nation’s largest news and market adviso=y newsletter, <i>Pro Farmer</i>. The company also publishes a seven-times-=aily email market advisory service, <i>Pro Farmer Today</i>, the <i>LandOw=er</i> newsletter and several voice and text alert services. The Midwest C=op Tour, conducted by<i> Pro Farmer</i> since 1993, is the largest private=crop report of its kind. Covering seven states representing over 70 percen= of the nation’s corn and soybean acres, the Midwest Crop Tour annua=ly gathers qualitative and quantitative data about each year’s corn =nd soybean production potential.<br /><br /><font size="2" face="Arial= Helvetica, sans-serif"><b>About Farm Journal Media </b></font><br />Farm =ournal Media is the nation’s leading agricultural media company. Its=magazines are the 135-year-old flagship Farm Journal, Top Producer, Beef Ty, Dairy Today and Implement & Tractor. The company produces and dis=ributes the “AgDay,” “U.S. Farm Report,” “Co=n College TV” and “Leave a Legacy TV” national TV progra=s and produces the industry-leading website <em>AgWeb.com </em>and the syn=icated radio show “Consumer Ag Connection.” Farm Journal Media=also licenses detailed industry data through its FarmReach™ database= publishes the <em>Pro Farmer</em> and <em>LandOwner</em> newsletters, pro=uces numerous large-scale live events and provides extensive custom publis=ing services.</td></tr><tr valign="top"><td height="65" width="100%"=align="left"><p align="center"><font size="2" face="Arial, Helveti=a, sans-serif">-30-</font></p></td></tr></table></td></tr></table><table i="disclaimer" border="0" cellspacing="0" cellpadding="10" width=550" align="center" style="border-bottom: #5c9331 1px solid; border-le=t: #5c9331 1px solid; border-top: #5c9331 1px solid; border-right: #5c9331=1px solid"><tr><td style="font: 11px Arial, Helvetica, sans-serif; color= #666666"><p>You are receiving this because you have opted to receive pres= release emails from the Farm Journal Media. 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