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AgMarket.Net releases USDA Acreage report estimates
Next week, we will finally see the much-anticipated USDA Acreage report. The March Planting Intentions report showed a shift of corn acres to soybean acres, and many estimates are showing that even more acres may have shifted to soybeans since then. Garret Arndorfer, hedging strategist at AgMarket.Net, said their estimates have combined corn and soybean acres at 180.2 million due to low prevent planting. Arndorfer said fertilizer prices, supply challenges, and excessive moisture across parts...
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...
End of harvest season defined by plentiful rain
Rainy weather has defined the end of harvest season across the state. Northeast Iowa Beck’s Agronomist Lee Koenigsfeld said he’s been getting very consistent rains in his area. Koenigsfeld said beans are fully harvested in his neck of the woods, while corn is nearly...
2024 National FFA Secretary is fueled by his competitive spirit
Thirty-seven candidates vied for the honor of being elected to the 2024-2025 National FFA Leadership Team during the recent National FFA Convention. Luke Jennings of Ohio was elected as the National Secretary, and he said his passion for agriculture started at a very...
Previewing the November WASDE report
The USDA will publish the November WASDE report at 11:00am central time on Friday. The report will provide updated yield estimates and any changes to supply and demand forecasts both domestically and internationally. Jim McCormick, co-founder of AgMarket.net, says...
Farmer sentiment bounces back
October provided a surprising pre-election bounce in farmer sentiment as the Purdue University-CME Group Ag Economy Barometer climbed to 115, 27 points above the September index. The biggest driver of the sentiment improvement was an increase in producers’ confidence...
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...
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Skor optimistic about future of E15 and biofuels
The future of biofuels, particularly E15, remains a crucial element in Expanding E15 availability could boost the agricultural sector and reduce reliance on foreign oil. However, overcoming regulatory barriers and updating fueling infrastructure will be essential for...
Ag Secretary Rollins discusses farm labor costs
USDA Secretary Brooke Rollins says farm labor costs have reached in some cases more than 50 percent of expenses but still defends the President’s mass deportation policy. Rollins makes no excuse for backing the President’s immigration policy and better securing the...
Ag groups react to tariff implementation
Many U.S. ag groups reacted to the President’s decision to implement tariffs on Canada, Mexico, and China. Rob Larew, President of the National Farmers Union, says tariffs will have serious consequences for American agriculture. “We’re already facing significant...
MaxStax helps keep crops healthy throughout the year
When it comes to having a successful crop year, it’s important to get out ahead of any potential factors that might limit your yields. There are many different ways to do this, and some of those methods are more difficult than others. Meristem’s solution to getting a...
AFBF comments on Trump tariff situation
At 12:01 A.M. on Tuesday, March 4, tariffs on Mexican and Canadian imports went into effect. At the same time, the tariff on Chinese imports doubled. Dave Salmonsen, senior director of government affairs with the American Farm Bureau Federation, says these tariffs now...
