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As profit margins tighten, debt management is critical
As tighter margins pressure farm finances, lenders are seeing producers rely more heavily on borrowed capital to cover operating expenses. At the same time, higher interest rates are increasing the cost of carrying that debt. Chad Gent, senior vice president of retail credit with Farm Credit Services of America, said that is making cash flow management increasingly important. Gent said the impact of higher interest rates varies widely among operations, depending on their financial position and...
Trump administration weighs diesel export ban
Record-high diesel prices are pressuring farmers heading into harvest, and the Trump administration is considering whether restricting diesel exports could provide relief. Treasury Secretary Scott Bessent says officials are examining whether a full or partial export...
China’s ag purchase pledge back in spotlight ahead of Trump-Xi meeting
President Donald Trump and President Xi Jinping of China are set to meet Thursday September 24th in Washington D.C. Jim McCormick, co-founder of AgMarket.net, says that the agriculture industry will be closely following the meeting to determine what agriculture topics...
Oil prices move lower in response to peace talk rumors
After weeks of steady improvement, oil prices traded lower to start this week as they were down 4-5% in Monday’s trading action. Patrick DeHaan, senior petroleum analyst at Gasbuddy.com, said the markets are likely hopeful that the Trump administration is going to...
Naig warns against rushing fall applications
Recent rains have delayed harvest across Iowa, but the wet conditions are also putting more attention on water quality and how farmers manage nutrients and conservation practices heading into the fall. Iowa Secretary of Agriculture Mike Naig says the recent rainfall...
USDA moving to modernize farm loan programs
The USDA is making efforts to streamline the farm loan process, but that’s only one piece of the puzzle that is the current farm economy. The changes to the farm loan program come as farmers face increasingly tight profit margins and greater credit demand. Danny...
ARC and PLC enrollment underway
Enrollment is open now for acreage in the ARC or PLC safety net programs. USDA Farm Production Undersecretary Richard Fordyce says enrollment is open through early December for farmers to choose either program. Fordyce explains the ARC safety net program. He says that...
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Crop harvest pace on track nationally despite Midwest weather delays
Harvest is off to a slow start in Iowa with many farmers unable to begin due to the wet weather conditions in the early portion of the fall season. Despite the delay in harvesting in parts of the Corn Belt and Midwest, USDA meteorologist Brad Rippey says that...
Old Farmer’s Almanac predicting a stormy first half of winter
Fall has officially started, and already a lot of focus is on what the weather might look like this winter. According to the Old Farmer’s Almanac, the first half of this coming winter might be similar to the winter of 1997-1998, which was one of the warmest and...
More farmer aid unlikely until after midterm elections
Republican lawmakers are warning that additional farm aid may not reach producers fast enough. Politico reported that Republicans are pushing to attach roughly $11 billion in direct farm assistance to a defense spending package. Payments likely would not arrive until...
USDA expands risk management options for farmers
Farmers enrolled in Agriculture Risk Coverage now have more flexibility when putting together their crop insurance protection. USDA Undersecretary for Farm Production and Conservation Richard Fordyce says a previous restriction prevented producers from purchasing...
NPPC says a Prop 12 fix is still within reach
The National Pork Producers Council continues pushing lawmakers to address California's Proposition 12 through the next farm bill debate. NPPC President Rob Brenneman, who is also an Iowa pork producer himself, said the organization believes a fix would benefit both...
