Eastern Iowa Farmer Fall 2020

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coronavirus “Prices did nothing but drift lower from the first of the year. Price has seasonality, yet 2020 didn’t play by the rules.” — Allen kloft highways looked like vast wastelands. Business at gasoline pumps dried up, along with the demand for ethanol. Already low, corn prices fell more as the impact of COVID-19 permeated the agriculture industry. “It cratered the market,” said Allen Kloft of the pandemic. Kloft owns the Delmar Grain Elevator with Rich Thola. “We laid our driver off for a couple of weeks, so it looked really bad. Then things kind of came back decent for our side of the business. We kinda bounced back quickly,” Kloft said. “We owned a lot of our own grain, and I had it hedged and could continue to sell. We weren’t hauling in a lot (from farmers), so I wasn’t behind the eight ball to get grain moved,” he said, adding that he generally keeps his grain sold ahead of time so he’s not forced to sell to keep his drivers busy. The roller coaster ride of uncertainty continued, and in mid-July, business was booming. “We are swamped,” Kloft said at the time. “Maybe it’s a wave effect.” He was referring to the impact of the USDA’s June 30 report that U.S. farmers had shifted away from the March estimate of planting 97 million acres of corn and had instead planted an estimated 92 million acres, which is 3%, or 2.3 million acres, above last year. The price for a bushel of corn went up 19 cents in two days to $3.49. “That report caused a bunch of farmers to sell,” he said. “Before I didn’t know how to keep a trucker going. Now I have plenty of work.” Iowa farmers were getting an average price of $3.78 a bushel in January, $3.74 in February, $3.64 in March, $3.28 in April and $3.12 in May. “Prices did nothing but drift lower from the first of the year. Price has seasonality, yet 2020 didn’t play by the rules,” Kloft said, adding that the high is not normally reached in January. As part of his job, he talks to farmers regularly. He recalled that when COVID-19 began infecting people in the United States, “there was a lot of uncertainty. They had questions. This was bad in New York and other parts of the world, but how bad is this here?” he said. Now, they are all watching prices and waiting to see what harvest will bring. “Basically what we hear is operating at this price level is going to be unsustainable,” Kloft said. “The farmers just want a good price.” He does remind them of the programs that State Rep. andy McKean A Strong Voice for Agriculture and Rural Iowa with roger stewart, Maquoketa with Heather Moore, Maquoketa with will cornelius, bellevue pRoud of ouR aRea faRMeRS on the farm, promoting ag products and in agri-business paid for by McKean for iowa House 60 Eastern Iowa Farmer | fall 2020 eifarmer.com
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The Eastern Iowa Fall 2020 Farmer
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Jeremy Miner Agronomist 319-480-146
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Tri-STaTe Building Corp. 1954 Frank
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Responding During Crisis Strengthen
Page 9 and 10: Story Index coronavirus 52 shockwav
Page 11 and 12: Your Partners in Financial success!
Page 13 and 14: Eloise Tabor Stewart works with her
Page 15 and 16: Valued partners Women also “were
Page 17 and 18: Valued partners Eastern Iowa Farmer
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Page 22 and 23: Farrell’s, Inc. Pictured: JR Farr
Page 24 and 25: lights, camera, action “It takes
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Page 30 and 31: STICKLEY ELECTRIC THE RIGHT FIT FOR
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Page 36 and 37: own kitchen. “You couldn’t find
Page 38 and 39: comfort food STRONG ROOTS for stron
Page 40 and 41: comfort food Sourdough Cinnamon Bun
Page 42 and 43: “So God made a farmer...” Profe
Page 44 and 45: Support local journalism. Your home
Page 46 and 47: through the timber Timber Terms Boa
Page 48 and 49: Agronomy | Energy | Feed | Grain Fr
Page 50 and 51: From our shelves to your fields...
Page 52 and 53: Coronavirus shockwave Before COVID-
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Page 84 and 85: Sunday, March 8 The coronavirus lur
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Page 92 and 93: Martens Angus Farms In November we
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Page 102 and 103: By Kristine A. Tidgren Staff Attorn
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Ag education helps shape college, c
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By KRIS KOTH Clinton County Executi
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County cookbooks shape local kitche
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country cookbooks country where wom
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Peoples company FarMer Paul Tonderu
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We’re here for you when you need
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Eastern Iowa Farmer Fall 2020

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