Monsoon season will be starting soon in Brazil, which means they will finally get some much-needed rains. Allendale commodity broker Greg McBride gave an update on the upcoming forecast in South America. The longer-term forecast is much the same. McBride added that...
News
Farmers are already feeling the impact of the expired farm bill
With no new farm bill in place after the 2018 farm bill deadline passed, there are already impacts on U.S. farmers and ranchers. Sam Kieffer, vice president of public policy for the American Farm Bureau Federation, outlined some of the programs that went away. Keiffer...
How has U.S. ag trade evolved in the last 100 years?
A lot has changed in the United States ag trade over the last century. USDA senior economist Sharon Sydow at this year’s ag outlook forum explains where the U.S. ag economy was 100 years ago. Price volatility, foreclosures, and high land values were all thorns in the...
U.S. hog inventory up slightly
The U.S. inventory of hogs and pigs on September 1, 2024, totaled 76.5 million head, up slightly from September 1, 2023, and two percent higher than June 1, 2024. Breeding inventory, at 6.04 million head, was down two percent from last year, but up one percent from...
Rural North Carolina reeling after Hurricane Helene
We are no stranger to storm damage in the Midwest. Hail, tornados, and derechos can wreak havoc on our acres. But for everything we deal with, except for the 2020 derecho, it is nothing compared to the strength of a hurricane. The Southeastern part of the country is...
Quarterly Grain Stocks report didn’t make much of an impact
The grain markets were positioned for an impactful Quarterly Grain Stocks report, but what we got today was simply a neutral and slightly positive report. Allendale commodity broker Greg McBride said the corn numbers were friendly to the marketplace. McBride said the...
Partisan gridlock and the election could again delay farm, ag spending bills
Partisan gridlock and fallout from the November election could again force Congress to postpone key decisions for agriculture into 2025. It’s not just the farm bill, but USDA and other spending bills are also stuck in months of political gridlock in a narrowly divided...
Coastal port strike will have a big impact on meat and livestock industries
Longshoremen at ports along the East and Gulf Coasts are set to strike when their current labor contract expires at midnight tonight. U.S. Meat Export Federation Vice President for Economic Analysis Erin Borror said a shutdown will have a significant economic impact...
Veterinarian shortage reaching crisis level
Veterinarian shortages are not new. Anyone who ever needed a vet in the middle of the night will tell you that. And any rural vet called in the middle of the night will agree. What is new is the realization that it is about to get worse. “If our veterinary workforce...
Secretary Naig excited for the harvest season
Harvest is well underway here in Iowa. Farmers are hitting the fields and getting the crops out while the weather is extremely cooperative. With no real rains in the forecast and warmer temperatures; it should hopefully make for a smooth harvest season. We know when...