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Grain markets monitoring three major headlines
The ag marketplace has been all over the place recently. This week alone saw double-digit moves in both positive and negative directions for corn and soybeans, with both markets finishing the week higher. There are a few major news factors that have led to this heightened volatility. Bill Moore of PRICE Futures Group said there’s a lot of hope that a peace treaty can finally be reached with Iran. Moore said the markets are also anticipating the May WASDE report, which will offer the first good...
2022 Census Of Agriculture indicates loss of farms and farmland
The USDA released the 2022 Census of Agriculture this week. Ag Secretary Tom Vilsack says some of the results were concerning, especially the number of farms and total amount of farmland across America. While those numbers sound large, Secretary Vilsack was able to...
Crop insurance costs to jump 29 percent
The federally-subsidized crop insurance program will cost an additional $27.7 billion over the next decade. A Congressional Budget Office report says the government pays roughly 62 cents of each dollar in premiums, and sales of livestock and forage policies are...
Could whole & 2% milk be returning to schools?
During the Obama Administration, then-First Lady Michelle Obama spearheaded changes to the school lunch program for Public Schools across the country. The effort was presented to the American people as a chance to bring kids healthier lunches. Much debate has ensued...
U.S. Export Sales Report (2-15-24)
Export sales are continuing their recent trends. Corn sales are looking good, while the same certainly cannot be said for the soybeans. Allendale commodity broker Greg McBride gave an update on the latest export sales report. U.S. soybean prices are still far from...
AFBF seeks modernization for Agricultural Foreign Investment Disclosure Act
The Agricultural Foreign Investment Disclosure Act, passed in 1978, provides tracking and monitoring of investment in U.S. agriculture. However, American Farm Bureau Federation (AFBF) Economist Danny Munch said the process is due for an upgrade. Munch said the current...
Preparing the next generation of ag conservation and climate leaders
The U.S. Department of Agriculture (USDA) this week announced a new initiative to prepare the next generation of conservation and climate leaders. The Working Lands Climate Corps is part of President Biden’s American Climate Corps initiative and will provide career...
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Malaysia emerging as a promising destination for U.S. pork
U.S. pork exports to Malaysia have gained significant momentum in recent months, due in part to the impact of African swine fever on domestic production and tightening supplies of European pork. While Malaysia is a predominantly Muslim country, the non-Muslim portion...
Real Pork Scholars Program teaches valuable professional skills
National Pork Board’s Real Pork Scholars Program is a prestigious cohort-based program designed to build capacity for research and communication in the next generation of leaders in the U.S. pork industry. Current Scholar Lindsey Britton said the program helps...
A diversified nitrogen plan can withstand a wet growing season
The goal of Pivot Bio microbial nitrogen is to have a reliable source of nitrogen available for when the plant needs nutrition during the critical growth stages of the growing season. Because the microbes bind to the root, they are available when the crop needs them...
John Deere confirms more layoffs
John Deere, faced with lower customer demand for equipment, declining sales, and a difficult ag economy, confirmed cuts in its global salaried workforce. Corridor Business says Deere didn’t release details on the number of salaried employees affected. In a statement,...
Senator Ernst not pleased with slow pace of 45Z credit progress
When I was out in Washington, D.C. earlier this year, the Treasury Department was releasing tax credit information for Clean Fuel Production. 45Z is the credit code for biofuel producers to increase domestic production. However, guidance for the 2025 rule is slow and...
