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Farmers sought to grow field peas between seasons       Send a link to a friend

[JAN. 29, 2004]  The International Trade Center at the University of Illinois and Risk Assurance Programs Company LLC are looking for Illinois farmers to raise dry field peas under contract for 2004. These peas have been sold to buyers in Mexico and Cuba; the project is looking for farmers willing to grow and deliver them to local delivery points.

The peas would not supplant a traditional corn-soy rotation but are in addition, since they are timed like oats. Planting begins in March. 

The peas are a program crop and are eligible for some forms of Federal Crop Insurance. Growing the peas doesn't affect farm program eligibility for corn and soy.

There are several agronomic advantages in growing the peas, such as 60 pounds of nitrogen credit per acre and the breaking of insect and disease cycles, but the best reasons are financial. Fixed costs are reduced, since the peas use the same equipment as soybeans. There is also a better bottom line, with yields of 50-plus bushels per acre and prices as good as or better than soybeans. If the loan deficiency payment of $1.62 from 2003 holds for this year, a $3.50 contract would bring growers $5.12 per bushel in 2004.

 

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More details are available on the Web:

[To download the Adobe Acrobat reader for the PDF files, click here.]

Unfortunately, the export bank funding for this whole project ran very late. Farmers can still get the info from RAPCO. The contracts themselves are online, and growers can even order their seed online from the RAPCO site, www.focuslandmgmt.com.

Contact person for the project is Ron Hagemann, president of RAPCO LLC in Rochelle, phone (815) 751-1345.

[Anna Barnes, on behalf of the University of Illinois Trade Center and RAPCO LLC]

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