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Feenstra says year-round E15 has strong bipartisan support
On Wednesday, the U.S. House of Representatives was able to pass legislation that would allow E15 to permanently be sold year-round. By unleashing ethanol production, demand for corn can increase, fuel prices can go down, and America can become more energy independent. Iowa Congressman Randy Feenstra, who earlier this year was appointed to serve as co-chair of the E15 Rural Domestic Energy Council, said this legislation has been in the works for a long time. While the bill passed narrowly on a...
Assessment shows U.S. soy’s carbon footprint has considerably decreased
A newly released Life Cycle Assessment found the U.S. soybean industry’s global warming potential profile decreased considerably in 2021 for whole soybeans, soybean meal, and soy oil compared to previously reported findings in 2015 and 2010. Commissioned by the United...
How you can help create more corn and soybean demand
Going in search of demand for our Iowa Agricultural products. Specifically, increasing the consumption of renewable fuels to increase commodity prices as well as additional revenue streams for producers. There's a big push right now for E15 sales to be made legal...
South American Weather and Crop Update (2-20-24)
Brazil has some good rains still, and Argentina is still dry. However, some nice rains are projected to pass through both countries. Allendale commodity broker Greg McBride gave an update on the latest weather conditions in South America. McBride said harvest and...
Annual USDA Chicken and Eggs Report forecasts increased production
The annual Chickens and Eggs report from USDA shows the U.S. chicken inventory for December 1st up one percent from a year ago and egg production down slightly. American Farm Bureau Federation Economist Bernt Nelson said the report comes as nearly all protein sectors-...
Changing crop patterns help drive farmland prices higher
One of the reasons for shifting farmland prices is changing crop patterns. Randy Dickhut, farmland sales specialist with Agricultural Economic Insights, mentions where some of the most notable changes are taking place. The beginning of the increase in farmland prices...
Pork exports projected to surpass broiler chicken exports
USDA’s long-term projection data shows the volume of U.S. red meat exports in all major categories is projected to grow through 2033. Rising incomes abroad and a moderately declining real exchange rate of the U.S. dollar against the currencies of major agricultural...
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More Ag News
Paris Olympics dealing with shortages of quality protein
In the most recent installment of their Beltway Beef Podcast, the National Cattlemen's Beef Association discussed some of the issues raised at the 2024 Paris Olympics. NCBA Executive Director of Government Affairs Kent Backus talked about how the Olympic organizers...
U.S. Export Sales Report (8-1-24)
As we get closer to the end of the marketing year, we saw another neutral export sales report this week. Allendale commodity broker Greg McBride gave an update on the latest numbers. This week also saw a flash sale to China, but flash sales are still far behind where...
USDA says food inflation easing, while farm input costs remain high
The USDA says food inflation is easing, but farm input costs remain high. USDA economist Megan Sweitzer says that consumers may be getting a bit of a break from grocery price inflation which topped 11 percent in 2022. USDA’s grocery price forecast for next year looks...
Officers elected to lead Iowa Farm Bureau’s young farmer program
The Iowa Farm Bureau Federation Young Farmer Advisory Committee elected officer positions for 2024-25: Chair: Zac Preston, Warren County Vice Chair: Megan McAllister, Dubuque County Secretary: Mitchell Sievers, Buena Vista County Public Relations Co-Chairs: Alyssa...
Secretary Vilsack announces DFAP program
Yesterday, the Biden administration announced it has issued payments to eligible applicants under the Inflation Reduction Act’s Discrimination Financial Assistance Program (DFAP), which aims to provide financial assistance to farmers, ranchers, and forest landowners...
