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Farmers get less than six cents of every dollar spent on food

Farmers get less than six cents of every dollar spent on food

Data from the U.S. Economic Research Service’s Food Dollar Series provides a clear picture of how consumer food spending is distributed across the U.S. food supply chain. The latest estimates show that crop producers capture about 2.5 cents of every food dollar, down from 2.9 cents in 2023. Livestock producers receive about 3.3 cents, up from three cents a year earlier. Combined, U.S. farmers and ranchers account for about 5.8 cents of the total value added in the food system, down from 5.9...

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U.S. cattle on feed down three percent

Cattle and calves on feed for the slaughter market in the U.S. for feedlots with a capacity of 1,000 or more head totaled 11.7 million on January 1. The inventory was three percent below January 1 of last year. That inventory included 7.03 million steers and steer...

Colder weather could help maintain snowpack until spring

Colder weather could help maintain snowpack until spring

Even with measurable precipitation across much of the state, there was no change to last week?s U.S. Drought Monitor in Iowa. The ground is still completely frozen, so we won?t be seeing any change for a while. However, Iowa State Climatologist Dr. Justin Glisan said...

Foundational elements of achieving higher corn yields

Foundational elements of achieving higher corn yields

This is the time of the year when many farmers are making plans for planting and the upcoming growing season.Robby Meeker, LG Seeds agronomist, says that in order to achieve higher corn yields a farmer must have three key areas in order. Genetic selection, balanced...

NCGA action teams host first 2023 meetings

NCGA action teams host first 2023 meetings

National Corn Growers Association action teams recently met for their first meeting of the year. Troy Schneider, NCGA market development team chairman, said that with a new year underway, they will continue work to promote corn around the world, dispel myths on...

Adding new income through renewable farming practices

Adding new income through renewable farming practices

Many farmers have been voluntarily using sustainable farming practices for many years on their operations by using regenerative agriculture practices that boost soil health and water quality.Farmers can now earn a financial benefit from farming sustainably and making...

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September WASDE leads to potential harvest lows

No real changes to the old crop numbers in this month’s WASDE report, but, as expected, there were bearish changes to the new crop numbers. But these changes were even more bearish than expected, especially in the soybeans. Much of this can be attributed to a lack in...