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Increasing farm bankruptcies highlight economic challenges
New data from U.S. court filings indicate farm bankruptcy has risen again. This is yet another indicator that we are experiencing a struggling farm economy. Samantha Ayoub, an economist with the American Farm Bureau Federation, said the data paints a stark picture of the farm economy. Ayoub said farm bankruptcies are not a perfect indicator of the farm economy, since the data often lags behind real farm finances. Additionally, Ayoub said only a small number of farms are even eligible for...
Farm Bureau touts Ag?s efforts on Earth Day
Today is Earth Day. A time when people try to observe the work being done and highlight the work still needing be done to protect our planet. Agriculture sometimes gets caught on both sides of that fence. Farmers are proud of being the original conservationists, but...
FarmOp Capital offers financial assistance for operating costs
At this time of year, there?s one thing that?s at the front of the minds of every Iowa farmer: planting season. While it?s exciting to finally get a start on the year?s crop, operating costs can make this a more stressful time. Rick Snyder, vice president of business...
What can Iowa expect from infrastructure package?
Roads, bridges, internet, rails, and a whole host of other things have been needing upgrading in rural America. It has been a topic of discussion for a few Administrations now. There is no debate that any upgrades are long overdue. However, the Infrastructure...
Online auctions make upgrading machinery easier during the pandemic
Farm equipment is selling for some of the largest values we?ve ever seen. Michael Bacon, senior director for national accounts with Big Iron Auctions, says that the pandemic has made online auctions even more ideal.While the pandemic has made purchasing new equipment...
U.S. Export Sales Report (4-21-22)
The USDA released its weekly U.S. Export Sales Report on Thursday.This week?s U.S. Export Sales Report was uneventful. However, with the current bullish marketplace, that?s actually good for the markets. Allendale commodity broker Greg McBride said that, overall,...
Trivial rule further slowing backlogs at U.S. ports
It?s aggravating enough when progress is slowed by things we cannot control. It is even more aggravating when it is human error that leads to slowdowns and backlogs. However, when you add unnecessary rules, agreements, or privileges, that is downright infuriating....
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Muench AgriSolutions celebrating a decade of success with Salford
Mark Muench, a corn and soybean farmer near Ogden, realized a little more than a decade ago that tillage hadn?t improved over 40 years when compared to the rest of the agriculture industry. When Muench found Salford tillage equipment in 2009 and used it on his own...
Soy oil driving innovation in renewable fuels
The average consumer probably thinks of soybeans primarily as a protein source for animals and humans. While it is true that soybeans are predominantly used as a food source for livestock and humans, advancements in innovation and technology have allowed soybeans to...
AFBF survey shows little drought relief for farmers and ranchers
Results from the newly released fourth American Farm Bureau Federation drought survey shows little drought relief for farmers and ranchers.AFBF Economist Danny Munch says the American Farm Bureau Federation drought survey is a great tool for determining the impact of...
U.S. pork industry looking forward to more growth in 2023
Demand for U.S. pork will continue to pick up pace, as the industry has seen in the past couple monthly export reports. Dr. Steve Meyer, an economist with Partners for Production Agriculture, which was recently acquired by Ever.Ag, said the key is to keep countries...
Corn growers praise Biden officials for stance on biotech corn
The National Corn Growers Association praised the Biden administration for issuing an official rejection of a recent proposed compromise from Mexico on biotech corn imports into the country. The development came during a meeting between Mexican officials and U.S....
