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Farm income forecast is a tale of two farm economies

Farm income forecast is a tale of two farm economies

New data from the Department of Agriculture predicts farm income to increase in 2025. The latest Net Farm Income Forecast from USDA’s Economic Research Service predicts farm income to increase in 2025. However, Bernt Nelson, an economist for the American Farm Bureau Federation, said it’s important to look at the data beyond just the top-line numbers. Nelson said the report paints a picture of two very different farm economies. One of the highlights of the report to Nelson was farm debt and,...

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South American Weather and Crop Update (7-30-25)

South American Weather and Crop Update (7-30-25)

The weather in South America has still not changed much, with farmers in Brazil and Argentina seeing mostly clear and dry conditions. Allendale commodity broker Greg McBride said there are scattered rain showers, but otherwise the weather remains status quo. The dry...

Basis matters now, say Midwest ag economists

Basis matters now, say Midwest ag economists

Tight corn supplies might normally trigger a rally in the market, but so far, that hasn’t been the case. Despite strong demand and dwindling stocks, futures prices have stayed relatively steady. That’s because—while the numbers show a squeeze—markets may be confident...

Argentina makes permanent tax cuts to ag exports

Argentina makes permanent tax cuts to ag exports

Recently, Argentina President Javier Milei announced permanent export tax cuts for a wide variety of agricultural commodities. The biggest impact globally will be seen in the soybean marketplace, as Argentina is the world’s largest exporter of soybean meal. Allendale...

Bullish news hard to find in current ag marketplace

Bullish news hard to find in current ag marketplace

A current snapshot of the ag marketplace shows front month corn below $4 and soybeans below the $10 mark. Unfortunately, there isn’t a lot of bullish news for the markets to react to right now to generate positive price movement. John Heinberg is a Market Advisor with...

Trade agreements will benefit Iowa grain and livestock producers

Trade agreements will benefit Iowa grain and livestock producers

A flurry of recent trade agreements and frameworks have been announced by the Trump administration ahead of the looming August 1 reciprocal tariff implementation deadline. Faith Parum, an economist with the American Farm Bureau Federation, said several of the deals...

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Farm income forecast is a tale of two farm economies

H-2A program still needs updating, AFBF says

Farmers and ranchers need a more efficient program for supplying labor. Difficulty finding adequate labor is a common challenge for farmers across the U.S. Phillip Hunter, chair of the American Farm Bureau Federation (AFBF) Ag Labor Issue Advisory Committee, said...