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Costs going higher in 2027
USDA's latest Commodity Cost and Returns report shows production expenses are expected to climb for every major crop in 2026 as global energy and fertilizer market disruptions continue to ripple through agriculture. The report follows months of volatility tied to conflict involving Iran and concerns about shipping through the Strait of Hormuz. Higher fertilizer costs are adding pressure to already tight farm margins. The findings mirror a recent American Farm Bureau Federation survey in which...
Tractor manufacturers slow production as demand declines
As farmers struggle with low crop prices, relatively high interest rates and increased input costs, fewer are making big-ticket purchases like tractors, combines and farm implements, resulting in a backlog of inventory across the globe. Machinery manufacturer AGCO has...
What would a major animal disease response look like?
We talk at length about the diseases that affect the livestock industry, whether it is H5N1, PRRS, or BRD. One of the things we have been blessed to not discuss, though, is African Swine Fever (ASF) or any other foreign animal disease (FAD) of that caliber. We know...
South American Weather and Crop Update (11-12-24)
The rainy monsoon season is continuing to bring plenty of moisture to the fields in South America. Allendale commodity broker Greg McBride gave an update on the conditions in Brazil and Argentina. McBride said planting progress is continuing at a good pace as well....
Ag exports dropped slightly in FY 2024
Fiscal year 2024 ended September 30th and the final fiscal numbers of the year are now available. Total exports for the year were $174.4 billion dollars, which was slightly better than expectations. However, USDA economist Bart Kenner says export values were still...
AFBF announces first Veteran Farmer of Excellence award
A new award recognizes veterans or service members for excellence in farming and positively impacting their communities. Retired Army Colonel Joe Ricker of Indiana is the first winner of the American Farm Bureau’s Veteran Farmer of Excellence Award. Ricker served 30...
What could tariffs mean for fertilizer in 2025?
We are a week removed from the Presidential election, and President-Elect Trump is already assembling his teams for the transfer of power in January. One of the things the American and Global economies will be paying close attention to is whether Trump follows through...
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Talking soy export wins and trade dynamics with USSEC
Despite the challenges facing the agricultural economy, there are still reasons to be optimistic—especially regarding the soybean trade. Recent numbers reveal promising gains, highlighting the resilience and competitiveness of U.S. soybeans on the global market. These...
Strong U.S. red meat export totals for January
Exports of U.S. beef trended higher than a year ago in January, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports were slightly below last January’s large totals, despite another outstanding performance in Mexico...
AFBF President comments on tariff consequences
As the Trump administration continues with plans to implement tariffs on our top trade partners, farmers across the country are preparing to deal with the consequences. In a recent ag policy commentary provided to farm broadcasters by the American Farm Bureau...
Meat production, trade, and price projections for 2025
USDA’s Agricultural Outlook Forum helps to provide projections for meat production, trade, and price for the year ahead. At the recent 2025 Ag Outlook Forum USDA livestock economist Michael McConnell predicted an overall meat production increase. McConnell also...
Secretary Naig launches Choose Iowa food purchasing pilot program for schools
Iowa Secretary of Agriculture Mike Naig today announced the launch of the Choose Iowa Food Purchasing Program for Schools. The pilot program aims to connect Iowa schools with Choose Iowa members to encourage school food service programs to buy more ingredients and...
