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The Meat Demand Monitor and consumption trends
Kansas State University publishes the publicly available Meat Demand Monitor. Glynn Tonsor, a Kansas State professor and economist, says the monitor follows consumption trends and price expectations. He says pork consumers are a diverse group, and the Meat Demand Monitor helps to cast a wide net to capture consumer sentiment. The Meat Monitor and NPB Consumer Segmentation Study appear to support each other’s results. That’s Dr. Glynn Tonsor of Kansas State University. Google Meat Demand...
Administration won’t finalize 45Z guidance
Biden administration officials won’t finalize guidelines on new clean fuel production tax credits intended for the airline and biofuel industries before the officials leave office in January. Three sources told Reuters that casts significant doubt on the future of a...
CLAAS continuing to support farmers as dealer network shifts
This year saw a shift in the dealer network for CLAAS, as both Ziegler and Butler Ag Equipment decided to focus their efforts and no longer carry the CLAAS line. Daryl Theis, head of sales and marketing at CLAAS, said they appreciate the long partnership they had with...
December farm income forecast shows lower 2024 numbers
The USDA’s December Farm Income Report showed only a slight change from September’s numbers. Revised estimates in the 2024 Farm Income Forecast still show agriculture taking a big financial hit this year. Danny Munch, an economist at the American Farm Bureau...
Income prospects differ for livestock vs. crop producers
The farm income bottom line is vastly different this year for livestock producers compared to row crop farmers. Spiro Stefanou, Administrator of USDA's Economic Research Service, says that USDA’s farm income forecast for this year shows crop receipts down almost...
Farm sector profits forecast to fall in 2024
Net farm income, a broad measure of profits, is forecast at $149.7 billion in calendar year 2024, down by $6 billion, or 4.1 percent, relative to 2023. Inflation-adjusted farm income is forecast to drop by $9.5 billion, or 6.3 percent. Despite the predicted decline,...
Saving money on inputs doesn’t mean slash and burn
There are many conversations about how farms will save money in 2025. Producers are looking for ways to trim the budget, but cutting corners is a slippery slope. If you slash your inputs too much, your crops could be in serious danger. This year we heard many stories...
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October red meat exports higher than last year
Exports of U.S. beef and pork posted year-over-year increases in October, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). October beef exports totaled 105,269 metric tons (mt), up 1% from a year ago, while value increased 3%...
John Deere pleased with S7 combine performance this year
At Commodity Classic in March, we talked to Bergen Nelson at John Deere about their new S7 combines. These combines take the technology of the X9 and bring it to a smaller scale for smaller farming operations. Now, this fall, we have caught up with Bergen for his...
CLAAS innovating its forage technology to celebrate 50 years
This year marks 50 years of the CLAAS JAGUAR forage harvester, and they have spent the year celebrating by continuing to innovate. Next year will bring even more improvements, with an earlage adapter and an enhanced chopping drum. Daryl Theis, head of sales and...
How long will this time of low crop profit margins continue?
USDA is projecting that 2024 will be the second straight year of falling crop prices and slim profits. How long should farmers expect this trend to continue? USDA Chief economist Seth Meyer says that to break out of this negative pattern, the United States ag markets...
John Deere announces more Iowa layoffs
John Deere has another round of layoffs scheduled at its plant in Iowa. The facility in Waterloo Works, Iowa, is the company’s largest plant. The state’s Worker Adjustment and Retraining Notification, or WARN, website says the company will lay off more than 100...