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U.S. and global ag economies uncertain about 2025
The prospect of new tariff disputes when Donald Trump returns to the White House has the global economy in an uncertain position in early 2025. Farm Policy News says ongoing geopolitical tensions and continuing climate challenges will significantly impact agricultural trade and producer profitability during the year. The global economic landscape in 2024 was shaped by falling inflation and moderate expansion. However, a Rabobank market researcher says the implementation of U.S. tariffs would...
Secretary Naig talks about the wrap up of Harvest
As Mother Nature forces many of us into a slowdown this week, we do have a lot to be thankful for. All in all, the conditions for harvest were ideal. Yes, we would like to see more rain, but when you need to be able to just keep plugging away, Mother Nature has...
Benson Hill unveils updated website made with farmers in mind
In the effort to tell the company’s new brand story, Benson Hill has updated and enhanced its website. The changes now showcase how Benson Hill’s seed innovations are driving a more sustainable future for feed, food, and fuel markets. Rich LaBonte, vice president of...
Marketing pork to the confident meat eater
The National Pork Board completed a sophisticated segmentation study of U.S. consumers to learn their priorities to connect with them emotionally. David Newman, vice president of market growth for NPB, said the Confident Meat Eaters, one of the seven consumer...
Iowa Ag Secretary Naig discusses Pure Prairie Poultry situation
Earlier in the month we learned of the situation surrounding the Pure Prairie Poultry company and the financial woes leading to producers not having feed for the birds and lacking the payments they were supposed to receive. The Iowa Department of Agriculture &...
October cattle report shows strong demand for cattle and beef
Last Friday’s Cattle on Feed report confirms a strong demand for cattle and beef says USDA economist, Michael McConnell. September placements into feedlots of 2.16 million head is down 2% from a year ago. Marketings out of feedlots were up 2% leaving feedlots October...
Forty percent of farmers work off the farm
The 2022 Census of Agriculture showed about 40 percent of American farmers worked 200 or more days off the farm in 2022. The majority, 93 percent, of the 3,078 U.S. counties for which data was reported had at least 30 percent of producers working 200 or more days off...
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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...
Cost down to raise 2025 corn crop
Looking ahead to the 2025 corn crop, one company says the cost to raise that crop is down. Farmers National Company says 2025 crop inputs are expected to see a slight reduction compared to 2024. While some farms may experience increased costs for specific reasons,...