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Very few changes made in March WASDE report
As expected, the USDA made very minor changes to the numbers in the March WASDE report. The U.S. ending stocks were left alone, and the crop production estimates for Brazil and Argentina were slightly adjusted. Allendale commodity broker Greg McBride said it was a very neutral report overall. Since there are usually low expectations for the March WASDE report, McBride said global news- like the conflict in Iran- will continue to affect the ag marketplace the most until we get to the Quarterly...
Permanent year-round E15 will benefit U.S. economy
A new study from Growth Energy shows that a transition to nationwide E15 could save drivers billions in fuel costs, create jobs, and return billions to the economy. Emily Skor, CEO of Growth Energy, said President Biden?s 2022 waiver allowing E15 use in the summer is...
Concerns for fertilizer shortages next year
The global economy is quite messy right now and it is affecting all facets of people?s lives. Most western economies are taking steps to fight inflation and the consensus is that we will likely face some kind of recession. As much as we lament our situation in the...
U.S. diesel supplies are shrinking rapidly
America has a shortage of diesel supplies on hand and it?s putting pressure on suppliers to get more into the fuel supply. Reports say a shortage is spreading in the eastern United States and has prompted at least one supplier to initiate emergency protocols....
Iowa’s soybean farmers helping to expand soybean export capabilities
A lot of Iowa?s soybeans, particularly in the western part of the state, are crushed and processed into soybean meal and oil. After the meal is collected it is often put onto rail cars and sent to ports on the nation?s coasts for export. Mike Steenhoek, executive...
Food Bank of Iowa receives transformative gift from Albaugh LLC
Albaugh LLC, a global leader in the production and sale of post-patent crop protection products which is based in Ankeny, recently provided a donation of $2 million to support the Food Bank of Iowa?s new building addition, which will double the size of its...
Farmers for Soil Health engage in sustainability work
Farmers for Soil Health recently received a grant from the USDA as part of the Climate-Smart Commodity Program.Nathan Fields, vice president of production and sustainability with the National Corn Growers Association, says that when ag groups work together to strive...
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Farmers? share of July 4th food dollar continues to shrink
The National Farmers Union released the 2023 numbers for the Farmers? Share of the Food Dollar Report covering several items typically found at a Fourth of July cookout. The NFU says every year, the troubling trend of farmers earning less of the dollars Americans...
Cost of a July 4th cookout going up like a bottle rocket
Today is Independence Day and we are celebrating across the country. The warm weather will be reminiscent of that hot day in Philadelphia 247 years ago. While we gather for fireworks and time with family, we will likely all notice that the price of having that family...
Creative budgeting needed to fund a ?no-new-money? farm bill
An American Farm Bureau Federation (AFBF) official says it may take some creative budgeting to meet producer needs in a ?no-new-money? farm bill. Andrew Walmsley, AFBF senior director of government affairs, said the issue is how to meet producer needs for the next...
U.S. pork making headway in Chile
U.S. pork exports to Chile have rebounded in 2023. Through April, shipments increased 30% from a year ago to just over 4,000 metric tons. Sebastian Gr?, a professional chef who serves as the U.S. Meat Export Federation?s (USMEF) program coordinator in Chile, recently...
Biden administration not backing down on WOTUS rule
The Biden Administration is not giving up on its Waters of the U.S. (WOTUS) rule, even after the Supreme Court in May struck down the rule?s cornerstone, the ?significant nexus? test for EPA power over wetlands.The Biden administration?s Environmental Protection...
