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Diesel prices hit record highs
Oil prices have been on a rollercoaster ride ever since the United States and Israel started bombing Iran. Initially, oil prices moved higher, but last week, oil prices dipped after President Trump paused attacks on Iran. But since those have resumed, oil prices have again moved higher. Patrick DeHaan, senior petroleum analyst at Gasbuddy.com, said it should come as no surprise that fuel prices are moving higher because of increased oil prices, but what has perhaps surprised many in the...
Talk with your lender to help navigate high input costs
At this year?s World Pork Expo, high input costs were among the top discussion headlines. Input costs are still as high as ever, and that makes it difficult for producers to really get the most out of their operations. Fortunately, ag lenders are working with swine...
USDA releasing over $700 million to improve rural internet access
The U.S. Department of Agriculture is offering $714 million in grants and loans to connect thousands of rural Americans to affordable, high-speed internet. The funds will benefit projects that connect residents, farmers, and business owners in 19 states to reliable...
Demand stays low as prices remain high
Understanding that we are in a weather-dominated marketplace right now. It?s easy to see why as the rain never seems to fall across much of the state. Some of our eastern neighbors have seen a little, but it?s not always enough to keep them growing. This is going to...
Soybean stocks rise higher in June
The Economic Research Service issued its June Oil Crops Outlook that predicted higher soybean ending stocks for the month. A higher carryover raised the 2023-2024 U.S. soybean ending stocks forecast by 15 million bushels to 350 million bushels. The increase in...
EPA set to release Renewable Fuel Standard RVOs
The Renewable Fuel Standard deadline for the Environmental Protection Agency to publish its final ruling on the amounts of renewable fuels that can be blended into transportation fuel in the coming year has arrived. These blending requirements are called Renewable...
South American Weather and Crop Update (6-13-23)
Rain is finally back in the South American weather forecast. Allendale commodity broker Greg McBride provided an update on the latest conditions in Brazil and Argentina.In Brazil, McBride said they are just getting their second crop corn harvest underway.As for...
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Livestock insurance products see big increase in demand
Livestock Risk Management products are in high demand, showing “astronomical” growth, according to USDA’s Risk Management Agency Administrator Marcia Bunger. Bunger tells the National Cattlemen’s Beltway Beef podcast that insurance products like Livestock Risk...
College may become even more expensive for farming families
Whether you’ve put your kids through college or gone through it yourself, it’s a widely known fact that the Free Application for Federal Student Aid (FAFSA) process can be very stressful. Unfortunately, it looks like that process could now create even more of a...
SNAP participation varied across states in fiscal year 2022
New data released by USDA's Economic Research Service shows that in fiscal year 2022, USDA's Supplemental Nutrition Assistance Program served an average of 41.1 million people per month in the 50 states and Washington, DC. SNAP is the largest domestic nutrition...
Be ready for anything in 2024
Mother Nature is both a blessing and a curse in the ag industry. We are completely at her mercy throughout the growing season. We cannot protect our plants from her temper, but we can do the best we can. Not only is her mood affecting the conditions in which our crops...
Finding a carbon credit program that fits your operation
Since every operation is different, it’s often important for farmers to focus on utilizing flexible and customizable programs. This is especially true with carbon credit programs- if you’re looking for one, you need to find one that fits your operation, not the other...
