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South American Weather and Crop Update (2-3-26)
The South American weather forecast has flipped from its usual pattern. Allendale commodity broker Greg McBride said the nearby forecast is now lacking rain. McBride said the longer-term forecast has the rains they are looking for. McBride added that harvest progress is continuing to move along at a good pace in Brazil. The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
Employment data in rural America
USDA’s "Rural America at a Glance" report gives insight into employment trends in rural areas of the United States. USDA research economist Tracey Farrigan says from 2023-2024 employment in rural areas grew at a rate of about .6%. She says this was a continuation of a...
Rural Energy Council is a “disgrace”
Growth Energy, the nation’s largest biofuel trade association, was very unhappy after it was announced that a legislative fix for year-round E15 was dropped from the January government funding bill. It was further incensed that Congress would instead form a “rural...
Iowa ag efforts meet setbacks as policy debates continue
Iowa agriculture continues to face pressure from growing production and slower demand growth, a dynamic that has weighed on commodity prices and raised broader questions about market access for farmers. Those issues were discussed earlier this week during a...
Potential ag impacts from significant winter system
A winter storm is set to move across the country this week and could have adverse effects for agriculture. The storm is unique in that it is tracking farther south than would be expected at this time of the year says USDA meteorologist Brad Rippey. Southern states are...
Trump’s tariffs make a tough economy even tougher
As President Trump continues with his trade policies, farmers in Iowa are feeling the squeeze economically. It’s going to take much more than a bridge payment to make sure that family farms in Iowa are able to keep operating in the future. Iowa Farmers Union President...
Analysis shows the farm economy still needs help
While some progress has been made in stabilizing the farm economy through the Farmer Bridge Assistance Program and Emergency Commodity Assistance Program, recent numbers show that farmers still need help. Faith Parum, an economist with the American Farm Bureau...
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More Ag News
Weather may be more impactful than Cattle on Feed report
Last week’s Cattle on Feed Report didn’t appear to be a market mover. Kyle Bumsted, a livestock market analyst from Allendale, said the report had a very neutral tone. Bumsted said there were signs of early heifer retention late last year, but that doesn’t appear to...
Economic issues impact small communities the hardest
Declining farm income, reduced equipment sales, rising inventory and financing pressures, and trade uncertainty all create ripple effects that impact farmers and the communities they are a part of. A recent hearing with the Senate Committee on Small Business and...
U.S. beef attracts global interest at Gulfood show
With support from USDA and the Beef Checkoff Program, the U.S. Meat Export Federation (USMEF) is promoting U.S. beef at Gulfood in Dubai, United Arab Emirates (UAE). Gulfood is one of the world’s largest annual food trade shows, attracting prospective buyers not only...
Cattle on Feed Report shows continuing tight supplies
USDA published the first Cattle on Feed Report of the year on Friday January 23rd with few surprises included. USDA livestock economist Michael McConnell says that tightening cattle and beef supplies were demonstrated in the numbers. McConnell says placements in...
U.S. soy exports continued growing in marketing year 2024-2025
The United States exported 68.7 million metric tons of U.S. soy, which included whole soybeans, soybean meal, and soybean oil, during the marketing year 2024-2025. That represents a 12.8 percent increase year-over-year and a 2.95 percent gain over the five-year...
