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USMCA renegotiation will likely take years
According to one trade expert at a recent Brookings Institution event, the USMCA renegotiation process will likely take years and extend past the Trump administration. Visiting Fellow Christopher Sands told the crowd at the event that the required six-year review of the 2020 USMCA is about to shift into an annual review process. He says that process will continue for each additional year. The USMCA relies heavily on agriculture with $149 billion in U.S. farm and seafood exports to Canada and...
Iowa crop progress and condition report
Iowa Secretary of Agriculture Mike Naig commented on the Iowa Crop Progress and Condition Report released by the USDA National Agricultural Statistics Service. The report is released weekly April through November. Additionally, the Iowa Department of Agriculture and...
USDA continues to learn about H5N1 vs HPAI
It feels like we have had a broken record going around and around during the spring and fall of the past few years. We have talked at length about High Pathogenic Avian Influenza (HPAI). The main difference between the two is that when the virus jumped the species...
Make sure to heavily consider yield potential before replanting
The plentiful amount of rain we have received so far this crop season has been a blessing for the drought conditions across the state. In fact, Iowa is now entirely drought-free. However, receiving so much rain in a relatively short period of time also has some...
Middle East chefs and culinary students educated on U.S. beef
U.S. Meat Export Federation (USMEF) Corporate Chef Germán Navarrete is based in Mexico City, but his talents are employed throughout the world. With support from USDA and the Beef Checkoff Program, Chef Navarrete recently conducted training sessions for chefs and...
Getting the best deal possible as interest rate cuts remain elusive
To combat inflation, the Federal Reserve raised interest rates 11 times between March 2022 and July 2023. As inflation has receded, expectations for rate cuts have not materialized. 2024 has been a difficult interest environment for farmers with rates steady and no...
USDA funds to support farmworkers
Ag Secretary Tom Vilsack says the USDA is awarding $50 million to 141 awardees in 40 states and Puerto Rico. The funds come through the Farm Labor Stabilization and Protection Pilot Program and will reach 177 unique agricultural operations and more than 11,000...
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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...
