Members of the International Longshore and Warehouse Union (ILWU), which represents dockworkers at all U.S. West Coast ports, have voted to ratify a tentative contract agreement reached in mid-June. The six-year agreement is retroactive to July 1, 2022, and runs...
News
U.S. fruit producers losing to China because of “UnPear” trade practices
We don’t get to talk about fruits and vegetables all that much, because it is just not a major component of the agriculture industry in our state. However, all of us eat, and we like to enjoy the fruits and vegetables that are grown by our fellow ag producers in more...
Indigo Ag continues to aid farmers with sustainable ag programs
The Farm Progress Show is a great opportunity to showcase ag innovation, and that’s especially true for one of the newer opportunities in agriculture: carbon markets. Indigo Ag has a wide portfolio of carbon program options that are available to help provide farmers...
Drought intensifies in weekly drought monitor
The weekly Drought Monitor showed drought getting worse across areas in the Midwest, South, Southwest, and the Pacific Northwest. In the Midwest, extreme heat impacted areas like Minnesota, Iowa, Missouri, Wisconsin, and Illinois. Record high temps were set in cities...
USDA releases updated 2023 farm income forecast
The updated farm income forecast for 2023 is out from USDA and as you might imagine it’s predicting a drop. The new forecast includes information that wasn’t available during their last forecast in February according to Carrie Litowski, senior economist for the USDA,...
Grains & markets both challenged as harvest approaches
If you are holding onto grain to sell before harvest, you may have checked cash bids or listened to the Basis Matters program this morning and got a big surprise. The basis level has dropped like a stone overnight. I have seen drops as small as a nickel to a buck and...
Heat hits cattle, USDA updates LIP payments
The extreme heat is taking its toll not just on crops, but also cattle says United States Agriculture Secretary Tom Vilsack as USDA is updating its payment rates for cattle losses. So, USDA Secretary Tom Vilsack says the department will update Livestock Indemnity...
Ethanol production hits three-month low
The Energy Information Administration says ethanol output dropped to a three-month low while inventories hit the lowest point since November. Ethanol production dropped to an average of 1.007 million barrels a day during the week ending on August 25. The EIA report...
South American Weather and Crop Update (8-31-23)
A little bit of rain in South America, but that’s not enough to deter farmers from finishing harvest. Allendale commodity broker Greg McBride gave an update on the latest weather patterns. Harvest in Brazil is slightly behind the average, but McBride said this might...
Beef Promotion Operating Committee meeting next week
The Cattlemen’s Beef Board will hold its Beef Promotion Operating Committee meeting in Denver on September 6-7. The Committee consists of 20 cattle producers- ten from the beef board and ten from the federation. Jimmy Taylor, chairman of the Cattlemen’s Beef Board,...
