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Increasing farm bankruptcies highlight economic challenges

Increasing farm bankruptcies highlight economic challenges

New data from U.S. court filings indicate farm bankruptcy has risen again. This is yet another indicator that we are experiencing a struggling farm economy. Samantha Ayoub, an economist with the American Farm Bureau Federation, said the data paints a stark picture of the farm economy. Ayoub said farm bankruptcies are not a perfect indicator of the farm economy, since the data often lags behind real farm finances. Additionally, Ayoub said only a small number of farms are even eligible for...

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IBIC brings beef education to the classroom

IBIC brings beef education to the classroom

While we may be getting to the end of May Beef Month, that doesn?t mean we can stop advocating for the beef industry. At the Iowa Beef Industry Council (IBIC), that advocacy comes in many different forms. Arguably the most important among these is beef education,...

2022 Iowa summer drought outlook

2022 Iowa summer drought outlook

We have been worried about the potential for drought in 2022, all the way back into 2021. We are in a situation where every bushel and every acre count. So, what does the author of the Weekly U.S. Drought Monitor think for Iowa?Brad Rippey is a meteorologist for the...

Ambassador Branstad talks about personal relationships in trade

Ambassador Branstad talks about personal relationships in trade

Trade is one of our main focal points in agriculture. Without trade, we have nowhere to ship our goods. While many countries have different cultures which affect how we conduct business, it all boils down to one common foundation: personal relationships. It is much...

U.S. Export Sales Report (5-26-22)

This week?s report was very mild and, frankly, quite boring. Soybeans sales came withing expectations, and new crop corn did as well. Old crop corn sales are becoming, well, old at this point, as evidenced by the fact that they set a marketing year low this past week....

Input prices, drought impacting cattle markets

Input prices, drought impacting cattle markets

The landscape of the 2022 cattle market is changing, and there are several issues with it. Bernt Nelson, American Farm Bureau Federation Economist, says the biggest factors in the cattle market are inventory, drought, and input costs.?USDA?s Annual Cattle Inventory...

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