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Farm incomes drop despite abundant harvests
Farm incomes generally decreased across the Federal Reserve Bank’s Ninth District. That’s according to lenders responding to the fourth quarter Ag Credit Survey by the Minneapolis Fed. Lenders also reported that purchases of capital inputs fell, though farm household spending continues to edge up. Demand for loans increased, while the rate of loan repayment dropped, and loan renewal and extension activity increased. Interest rates for agricultural loans fell notably. Land values in the...
Biodiesel to turbo charge american biofuel growth
A new report from CoBank says the recent investment surge in U.S. renewable diesel production capacity is likely to ignite a period of growth and transition for the biofuels industry. ?The outlook for biofuels is good as the U.S. and other developed countries embrace...
U.S. Export Sales Report (9-29-22)
This week?s report was relatively bullish, but almost anything would be better than what we saw last week. Allendale commodity broker Greg McBride provided a breakdown of this week?s U.S. Export Sales Report.Hopefully, export sales will start to strengthen again as...
Fall crop insurance sales deadline approaching
Farming is an occupation that comes with considerable risk. There are many factors that are within a farmers? control but there are also many outside forces that can greatly affect an operation.The September 30th crop insurance deadline for fall-seeded crops is...
NPB and partners receive $155 million from USDA Climate-Smart program
The USDA announced their investment of up to $2.8 billion dollars for 70 selected projects in the Partnership for Climate-Smart Commodities. National Pork Board was a leader in one of the grants and a contributor to two additional, totaling $155 million. Ashley...
Atrazine proposal comment deadline nears
The deadline to submit comments on the Environmental Protection Agency?s atrazine proposal is next Friday. The National Corn Growers Association is encouraging growers to join its call-to-action and submit comments to the EPA on the important role atrazine plays in...
Is the AG economy heading toward a change?
We talked earlier this month about the state of the agriculture economy. It's in a serious episode of flux. Volatility has been affecting the market like no other time before. It may be drought or flooding, production issues, geopolitical disagreements, or even...
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Barchart releases 2023 crop production and yield estimates
Barchart Tuesday released their initial 2023 crop production and yield forecasts for U.S. corn and soybeans. The report indicates a cutback to USDA?s projected figures from the May 12 World Agricultural Supply and Demand Report. The Barchart forecast calls for 15...
Bird Flu break doesn?t mean we can relax our vigilance
It?s nice to be thinking of High Pathogenic Avian Influenza (Bird Flu) as an afterthought right now. It has been almost three months since our last confirmed case. We all know that this outbreak lasted longer than the previous outbreak in 2015. There were also more...
Eastern Iowa and Corn Belt seeing increased drought risk
Timely rains have been popping up around the state, but there?s still some drought creeping in. Iowa State Climatologist Dr. Justin Glisan provided an update on the latest U.S. Drought Monitor.The recent storms and showers have been nice, but you have to be lucky to...
South American Weather and Crop Update (6-6-23)
Clear skies continue to be the story for the weather in South America. This is great news for Brazilian farmers who have just started harvesting second crop corn. Allendale commodity broker Greg McBride provided an update on the latest weather conditions.McBride said...
MOUs with equipment manufacturers will reduce downtime
The American Farm Bureau Federation recently signed two more right to repair MOUs, this time with AGCO and Kubota. Emily Buckman, AFBF Government Affairs Director, says combined with MOUs from John Deere and CNH Industrial, the four agreements cover roughly 70 percent...
