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Ethanol production reaches record high
Ethanol output rose to a record high in the seven days that ended on Nov. 8, according to data from the Energy Information Administration. Production jumped to an average of 1.113 million barrels a day, the agency said. That’s up from 1.105 million barrels a week earlier and the highest since recordkeeping began in 2010, according to Successful Farming. In the Midwest, by far the biggest producing region, output increased to 1.05 million barrels a day, the highest since Oct. 29, 2021. That...
FARM Act could help in lieu of new Farm Bill
Farm economics are in trouble right now. Profit margins are tight, and there is no relief in sight. Part of that problem centers around the fact that we still don’t have a new Farm Bill for a second year. Policies built on ten-year-old data still govern a farm economy...
South American Weather and Crop Update (11-5-24)
With the amount of rain that has fallen in South America, any crop concerns that were held earlier in the season have virtually disappeared. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. McBride said Brazil...
USMEF Strategic Planning Conference will focus on trade relationships
Members of the U.S. Meat Export Federation (USMEF) will gather in Tucson, Arizona, this week for the federation’s annual Strategic Planning Conference. USMEF Chair Randy Spronk will mark the end of his term of leadership of the organization. Spronk said that, over the...
How will farm bill deliberations play out in 2025?
United States Senator Chuck Grassley (R-IA) is sticking with his prediction of another one-year extension of the 2018 farm bill as Congress runs short on time in 2024. Grassley says that a new five-year farm bill being completed after the elections and during a lame...
Farm Credit System income up seven percent to $5.91 billion
The Farm Credit System reported that combined net income was relatively stable at $1.98 billion for the third quarter of 2024, as compared with $2 billion for the third quarter of 2023. For the nine months ending on September 20, 2024, FCS’s combined net income...
Northern Iowa agronomist reviews 24 and previews 25
As harvest wraps up, we are taking stock of what we learned from this year. We are also having to make plans for 2025. With tighter profit margins, farmers have some very tough choices. Dekalb/Asgrow agronomist Rich Judge joins us in this featured conversation.
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U.S. Export Sales Report (11-7-24)
Strong export sales were reported again this week by the USDA. The hope is that these sales will continue past the week of the election. Allendale commodity broker Greg McBride gave an update on the latest numbers. Recent flash sales have actually lightened up a...
National FFA leadership team has wide variety of farm experience
Thirty-seven candidates vied for the honor of being elected to the 2024-2025 National FFA Leadership Team during the recent National FFA Convention. This year’s team has a wide variety of farm experience, but they all share a common passion for agriculture. Mary...
Soybean markets turning more attention to planting in South America
As harvest wraps up in the United States, oilseed markets are turning more attention to planting progress in South America. USDA Outlook Board Chairman Mark Jekanowski says the markets have a new focus. He says oil seed analysts and traders are paying close attention...
Treasury expands foreign land purchase oversight
The U.S. Treasury Department issued a final rule that significantly expands its ability to review real estate transactions by foreign persons near more than 60 military bases across 30 states. The Treasury, as Chair of the Committee on Foreign Investment in the United...
Is Ag in a recession? It depends on who you ask
We talked earlier in the week about the October Rural Mainstreet Index numbers being less than stellar. But what does that mean for the Ag industry? It all depends on who you ask. Most economists agree that things are slower and more sideways than in recent years, and...