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Agriculture ETPs Breaking Out (JJA, WEAT, CORN, JO)

From the end of January through the first week of March, the iPath Dow Jones-UBS Agriculture Sub-Index ETN (JJA) rallied 20 percent to an 11-month high.

The ETN is composed of seven futures contracts on agricultural commodities that include corn (27 percent), soybeans (21 percent), sugar (14 percent), wheat (11 percent), soybean oil (10 percent), coffee (nine percent), and cotton (six percent).

All seven commodities were higher during the 20 percent rally with several outperforming and boosting the return. Each commodity had its own reason for rallying but as a whole it helped that the U.S. Dollar remained weak, which helps the value of commodities.

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Injured Illinois farmer guides agriculture safety

CHAMPAIGN, Ill. (AP) - A former farmer who lost both of his legs in a hay baling accident more than 35 years ago now uses his experience to help others.

Robert “Chip” Petrea is a principal research specialist at the University of Illinois focusing on agriculture safety and health. He studies why farm injuries happen and helps injured farmers adapt, The News-Gazette reported (http://bit.ly/1d4rzSS ) Sunday.

He said many farmers want to continue farming right away after an injury.

“As far as people continuing on, farmers farm because they want to,” Petrea said.

Petrea lost both of his legs above the knee while baling hay in south-central Illinois in 1978. He went on to earn both his master’s and Ph.D. degrees from the University of Illinois.

India’s fortunes rest on the agriculture sector

Farmers as a vote bank have always been on the radar of the politicians and hence for 2014 election, this big voting population is gradually assuming importance. Consider this, river linking project, desalination plants for sea-side farms, drip irrigation, etc. These projects are being discussed as a part of the manifesto for the second green revolution.

UPA’s brainchild MNREGA has been found to have had hardly any impact on the rural hinterland even 10 years after it was executed and with investment of considerable national resources. The survey done by the CSDS – Lokniti shows that 85 per cent of the farmers had heard about the scheme, but among them, more than half that is 51 per cent to be precise, said that their household did not get work under the scheme. However, right from the inception of the scheme, it was known that there is not much in it for the farmers. It was just for appeasement.

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‘MONEY, MONEY, MONEY’ in organic agriculture

SANTA CRUZ, St Elizabeth — Neil Curtis, who emigrated to the United States as a baby in 1972, knows from "personal experience" that there is "good money" to be made in Jamaican agriculture.

The way he tells it, that knowledge comes from a year he spent in Jamaica in 1995, buying and selling callaloo.

"I had a friend in Kingston who was affiliated to a supermarket and we started to sell callaloo... we would buy callaloo from family members in Bushy Park area (St Catherine) and we would pay them and take it to town and make X amount of money on it," recalled Curtis.

At the end of a year he had made an 800 per cent profit from the callaloo enterprise, boasted Curtis.

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Hopes for big boost to Tasmanian agriculture

Liberal spokesman for Primary Industries Jeremy Rockliff pledged millions of dollars for agriculture in the election campaign and is expected to deliver.

The big ticket item promised by the Liberals was $30 million for new irrigation schemes as well as extra money to see how older irrigation schemes could be improved.

Jeremy Rockliff also announced extra money for biosecurity, research and development, private forest, agri-tourism and a low interest loan scheme for farmers.

Jeremy Rockliff says $900 thousand will go towards strengthening frontline border security and will establish Biosecurity Tasmania to monitor all aspects of protecting Tasmanian produce.

Crop losses Rs 236 crore: Officials

NASHIK: Crops and orchards across 2.9 lakh hectares (ha) in the region have been damaged due to the recent unseasonal rain, even as heavy rain and hailstorms continue to lash Nashik district and parts of Nashik division even on Saturday, district collectorate officials said."The unseasonal rain in January, February and March affected crops on 2.9 lakh hectares of land. While the land size is more or less identified, the numbers of farmers and extent of damage in terms of crops is being worked out as of now," the senior officer from the revenue department said.He added the report till Saturday estimated the losses to be around Rs 240 crore. However, the panchanamas and joint surveys of 40% of the areas were yet to be done.

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Chadegaon has potential for crop diversity, scientists say

NASHIK: The agricultural department of Yashwantrao Chavan Maharashtra Open University ( YCMOU) and six scientists selected by the central government's Agricultural Scientists Recruitment Board recently carried out a survey in Chadegaon village near Eklahara and found that the village has crop diversity.Under the guidance of Dr Nitin Thoke of YCMOU's agriculture department, the scientists conducted the survey with the help of villagers in five days. The survey report will help in chalking out developmental programmes and implementing them in Chadegaon and similar villages.The village has sufficient water supply and round-the-clock electricity. About 90% of the farmers own less than three acres of land.

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