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U.S. Export Sales Report (10-24-24)
The pattern of strong export sales has continued, and this week was even stronger than the last. This is a far cry from the way we ended the last marketing year. Allendale commodity broker Greg McBride gave an update on the latest numbers from the USDA. Flash sales have also been consistent lately, but the volume of those sales tended to be a bit disappointing. Fortunately, McBride said that volume picked up significantly this week. The strong numbers have allowed both corn and soybeans to...
U.S. Export Sales Report (8-29-24)
Export sales have turned around now, as we saw great new crop sales again this week. Allendale commodity broker Greg McBride said these numbers are exactly what we want to see right now. McBride said that increased demand has really been showing through in the flash...
U.S. ag exports expected to decline in FY2025
U.S. agriculture exports are expected to face headwinds in Fiscal Year 2025 that will drive an estimated $4 billion drop in exports. Lower commodity prices are one big factor but USDA Chief Economist Seth Meyer says that a confluence of issues could challenge United...
USDA launches online debt consolidation tool
The USDA launched a new Debt Consolidation Tool that allows U.S. agricultural producers to enter their farm operating debt and evaluate the potential savings that might come from debt consolidation. That consolidation could come from either a local lender or the Farm...
Propane supply chain looking good for 2024 harvest & beyond
The harvest will be here before we know it and it is time to think about getting everything ready for that upcoming season. One of the unsung heroes of our harvest is our grain drying systems. More systems are switching to propane fuels as they get upgraded. Of...
CLAAS FARMPOINT brings repair services directly to farmers
Suffering a breakdown during the crop season can be devastating, especially during planting or harvest. Not only do you have to determine what the problem is and attempt to fix it, but you also have to spend the time driving to the dealership to get the parts you...
USDA forecasts an increasing trade deficit in 2025
The USDA forecasted the agricultural trade deficit to increase sharply to a record $42.5 billion in the coming fiscal year. That compares to $30.5 billion this fiscal year, which ends September 30. The widening trade gap, a source of frustration for many farmers and...
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South American Weather and Crop Update (9-10-24)
Drier conditions are persisting in Brazil as planting begins for the next crop. Allendale commodity broker Greg McBride gave an update on the latest weather patterns in South America. While there is some rain forecasted for the southern areas of Brazil, most of the...
Secretary Naig announces availability of crop insurance discount program
Iowa Secretary of Agriculture Mike Naig announced today that the Iowa Department of Agriculture and Land Stewardship will once again offer its Crop Insurance Discount Program for acres that are planted with cover crops. Farmers and landowners who plant cover crops...
Grassley sees lame duck farm bill as unlikely
Prospects for a lame duck farm bill don’t look much better than those before the November elections, according to ag lawmakers and lobbyists. September will be full of debate over simply keeping the government funded. Congress returns after the elections for two weeks...
Ag groups urging Congress to pass new farm bill
As the U.S. ag economy continues to spiral downward, over 300 food and farm groups sent a letter to Senate and House leadership asking Congress to pass a new farm bill that would help to slow it. Joe Gilson, director of government affairs for the American Farm Bureau,...
More dairy included in school nutrition campaign
Making sure that our children have access to healthy food at lunch is something that everyone agrees on. However, that’s about where the agreement ends. How nutrition is provided has become a heated and increasingly political debate over the past decade or more. Many...