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New ARC/PLC acres will be specifically distributed
Thirty million new base acres in last year’s One Big Beautiful Bill won’t be distributed on a first-come, first-served basis. Instead, the USDA is electing to distribute those acres in a more organized way. USDA Undersecretary for Farm Production and Conservation Richard Fordyce said producers don’t need to rush to their FSA office for the new Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) base acres. Fordyce said this will keep farmers from having to stake their claim on base...
Early summer Iowa crop update
It feels like this crop season just started, and it?s already been a challenging one. Continued drought conditions have been the main issue so far. DEKALB Asgrow technical agronomist Andrew Penney provided an update on the current crop conditions in Iowa.While it?s...
U.S. Export Sales Report (6-23-23)
This week?s export sales were good for soybeans, but the corn numbers were unremarkable once again. Allendale commodity broker Greg McBride provided a breakdown of the latest report.While the report wasn?t bullish by any means, McBride did say that it is in line with...
EPA’s RVO numbers could have been “more aggressive”
The Environmental Protection Agency released its Renewable Volume Obligations earlier this week with lower numbers than expected for 2024 and 2025.In the final rule, EPA increases RFS volumes for biodiesel and renewable diesel by only 60 million gallons in 2023, 220...
California delays Prop 12 implementation
California this week delayed the implementation of Proposition 12. Granting six months of additional relief for products in the supply chain allows grocery stores to remain stocked so Californians have uninterrupted access to pork products, especially with rising food...
NPPC is dedicated to improving export climate for pork industry.
When we have been talking about the pork industry lately, we have focused on things like the low market prices, and the Prop 12 issue. However, there is much more to what is going on in the industry. Obviously, when we are dealing with a global economy that is being...
Despite talk of weather pattern changes, the soil is getting dryer
Several areas in the Upper Midwest and the Corn Belt are continuing to struggle with drought. Dennis Todey, director of the USDA?s Midwest Climate Hub in Iowa, said some areas haven?t gotten away from excessively dry weather in several years.Todey said the expanding...
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Promotions showcase U.S. pork loin to consumers in Mexico
With one month of data still to be reported, U.S. pork exports to Mexico have already set an annual record for 2023. January-November exports to Mexico totaled more than 995,000 metric tons, up 13% year-over-year, while value was 15% higher at $2.12 billion. While...
Top ag legal issues to monitor in 2024
2023 was a year of significant developments and changes on the legal front of agriculture. Harrison Pittman, director of the Ag Law Center, says 2024 could be more of the same with issues such as the endangered species act taking center stage. The Waters of the U.S....
Farmland market is “resilient”
The Farmers National Company says the farmland market seems to be moving into the new year maintaining the value increases it’s built during the last three years. That stability is in place despite increasing pressure from declining commodity markets, rising interest...
Governor Reynolds sees a bright future in biofuels for Iowa
Last Thursday, the Iowa Renewable Fuels Association held its annual Iowa Renewable Fuels Summit in Altoona. There was a great turnout to hear the latest in the policy, technology, and progress of biofuels. One of the highlight addresses was from Iowa Governor Kim...
Lack of cuts in January WASDE disappoints grain markets
With the cuts the USDA made in last month’s WASDE, analysts were expecting a few more in the January report. However, the grain markets were very disappointed when the report came out and showed very few changes. Allendale commodity broker Greg McBride broke down the...
