Columbia, Missouri
August 10, 2005
Drought-stricken soybeans should not be cut for
hay except as a last resort, say
University of Missouri
Extension specialists. Even a low-yielding crop can be worth
more than the value of the forage.
"A yield of three or four bushels of soybeans at more than $6
per bushel will pay for combining the crop," said Melvin Brees,
crop-marketing specialist at MU Food and Agricultural Policy
Research Institute (FAPRI). "It almost never makes sense to cut
soybeans for hay."
Brees said that even in the driest years of the 1980s, the last
major drought in Missouri, soybeans had yields of 10 to 15
bushels per acre.
At 15 bushels, selling for $6 per bushel, that is $90 per acre,"
Brees said. "That's not profitable, but it's worth more than
hay."
Bill Wiebold, MU extension soybean specialist, said, "Soybeans
have an amazing capacity for recovery if rains come before the
plants stop blooming."
The prolonged dry spell across central and northeast Missouri is
testing the limit of soybeans this year, he added. The drought
also dried up pastures, causing soybean farmers with cow herds
to look at their green fields of soybean as a potential hay
crop.
"If a soybean crop looks good enough for a cow to eat, there is
potential for seed crop production, Wiebold said. "The problem
is I just don't know how much longer soybeans can hang on." The
weather forecast for hot weather with no rain is not
encouraging.
Soybeans were brought to the United States from China in the dry
years of the 1930s as a hay crop. However, the seed, rich in oil
and protein, has become a major source of food for livestock and
humans. Soybean oil is a major source of cooking oil and used to
make biodiesel to power trucks and tractors.
Earlier this year, soybean futures prices rose to $6.50 per
bushel on rumors that drought would reduce the supply of
soybeans grown in Brazil. With news of a stronger crop from
South America, the price dropped back to near $6.00 per bushel.
Dry conditions in the Corn Belt resulted in volatile markets,
sending futures prices to $7.70 in June before collapsing to
about $6.60 after weather forecasts.
With current uncertainty of drought impact on the U.S. crop, the
November futures prices have ranged from $6.70 to $7.10 per
bushel, Brees said.
Seed quality will be uncertain for farmers who harvest a
drought-damaged soybean crop this fall, Wiebold said. Beans from
plants killed by drought may be smaller and of lower quality.
Soybean seeds may be green or off color, resulting in a price
dock at the elevator.
"When drought hits, it triggers a series of bad things that
happen." Wiebold said.
Unlike corn, which blooms only once, soybean plants keep
producing blooms that try to pollinate and produce seed pods.
Each node on a soybean plant has latent plant cells that can
produce three sets of blossoms, each with multiple blooms. If
the weather is too hot and dry for pollination, another bloom
replaces the one that died.
But there is a limit. "Even in a normal year, August is our
driest month of the growing season," Wiebold said. "You don't
often see a wet August." |