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What to expect from the USDA acreage and grain stocks reports
On Tuesday June 30th USDA will publish the planted acreage and quarterly grain stocks reports. These reports typically have been known to move the ag marketplace one way or the other based on the updated numbers for planted acreage and the grain on hand in the stocks report. Matt Bennett is the CEO and co-founder of AgMarket.Net and he tells the Iowa Agribusiness Radio Network the pre-report estimates from AgMarket.net. Bennett says it is difficult to know how accurate the March planting...
December farm income forecast shows lower 2024 numbers
The USDA’s December Farm Income Report showed only a slight change from September’s numbers. Revised estimates in the 2024 Farm Income Forecast still show agriculture taking a big financial hit this year. Danny Munch, an economist at the American Farm Bureau...
Income prospects differ for livestock vs. crop producers
The farm income bottom line is vastly different this year for livestock producers compared to row crop farmers. Spiro Stefanou, Administrator of USDA's Economic Research Service, says that USDA’s farm income forecast for this year shows crop receipts down almost...
Farm sector profits forecast to fall in 2024
Net farm income, a broad measure of profits, is forecast at $149.7 billion in calendar year 2024, down by $6 billion, or 4.1 percent, relative to 2023. Inflation-adjusted farm income is forecast to drop by $9.5 billion, or 6.3 percent. Despite the predicted decline,...
Saving money on inputs doesn’t mean slash and burn
There are many conversations about how farms will save money in 2025. Producers are looking for ways to trim the budget, but cutting corners is a slippery slope. If you slash your inputs too much, your crops could be in serious danger. This year we heard many stories...
Create a financial plan to help navigate tough economic conditions
The USDA’s December Farm Income Report showed only a slight change from September’s numbers, but those revised estimates still show agriculture taking a big financial hit this year. However, it’s still possible to lock in some profits for your grain despite some tough...
Will the next administration bring relief to ag trade?
With agricultural import numbers outweighing ag exports over the past couple of years, industry groups are questioning whether or not the new administration will bring relief for ag trade. Rob Larew, president of the National Farmers Union, said the trade imbalance...
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More Ag News
2025 Planting Intentions Insights from Farmers Business Network
Ahead of Monday’s USDA report release, download FBN’s exclusive 2025 Planting Intentions Report now so you can start strategizing ASAP. This free report outlines the survey-based acreage mix for key crops across the United States for the 2025 season. Use this data to:...
New Century FS in Tama ready for the 2025 season
Last week, we talked with the folks at AGRILAND FS about their upgraded chemical facilities. In today's Featured Conversation, Andy talks about the Tama, IA facility of New Century FS. They discuss the operation there, and how they are going to be ready to serve your...
U.S. Export Sales Report (3-27-25)
With everything going on in the ag economy right now, the export sales have taken a back seat. The greater focus is more on the Quarterly Grain Stocks and Prospective Plantings reports. Allendale commodity broker Greg McBride said it was a decent week for export...
Morton Buildings helping farmers design new buildings
A lot of planning and decisions go into the construction of a new farm shop or storage building. Lisa Bocklage, marketing director at Morton Buildings, said the company is making it easier for farmers to start the planning process with its 3D Studio. Bocklage said one...
Farmers for Free Trade voice concerns about another trade war
Secretary of Agriculture Brooke Rollins recently announced that USDA will be disbursing up to $10 billion directly to ag producers via the Emergency Commodity Assistance Program for the 2024 crop year. The payments will provide a lift for producers dealing with high...
