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Federal Reserve is concerned about the Iran war’s impact on commodity markets
The war with Iran is causing upheaval in the commodity markets. The early volatility has seen an increase in the price of corn and soybeans, but it has also included sharp setbacks. Even more concerning is the risk presented to U.S. farmers and consumers as the conflict in the Middle East drives energy and fertilizer prices higher. During his press conference on Wednesday, Federal Reserve Chairman Jerome Powell says the impact is concerning. While oil price spikes immediately drove up headline...
Not too soon to think about spring deworming options
We all know the saying, ?proper planning prevents poor performance.? That line can be applied to many areas of farming and livestock production. Dr. Dan Cummings is a professional services veterinarian with Boehringer-Ingelheim and he says that taking the time now to...
Figuring out what?s next for the Farm Workforce Modernization Act
Another year, another Congress following a year without Senate passage of the Farm Workforce Modernization Act. For some, that?s a hard pill to swallow. Before the year-end break last month, U.S. Representative Dan Newhouse sounded cautiously optimistic. With a new...
U.S. Export Sales Report (1-13-23)
Yesterday?s WASDE report overshadowed the U.S. Export Sales Report, but that can be seen as a good thing. The report was bearish, but the markets ignored that as they focused on a surprisingly bullish WASDE. Allendale commodity broker Greg McBride provided a breakdown...
Helping plants reach their full genetic potential with Novozymes
Novozymes is a biotechnology company that uses biotech solutions to help plants maximize their growth.Jason Ward, national sales director for Novozymes, says that in 2022 the EPA gave Novozymes the go ahead for a new active ingredient that acts as a plant growth...
Top market issues to watch in 2023
The number one priority for farmers is feeding the world. Unfortunately, the number of people who are food insecure worldwide is on the rise.During a panel discussion at the recent American Farm Bureau Federation Annual Convention in Puerto Rico, AFBF Chief Economist...
Total household income up for commercial farms
From 2015 to 2021, the median total household income for commercial U.S. farms rose an estimated 16 percent, to $278,339 from $238,994. Commercial farms earn more than $350,000 gross cash farm income regardless of the principal operator?s occupation. USDA?s Economic...
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More Ag News
Taking yields back from tar spot
Tar spot comes back every year to pester farmers across the country, and, while the severity is variable throughout the U.S., it is critical for farmers to have a plan to combat it. This year, six of the twelve Corn Belt states have observed tar spot. Adam Theis, U.S....
Demand and value of farmland remains strong
Farmland values and demand remain strong. Farmland values across the country climbed this year and hit record levels despite challenges like rising interest rates and extreme weather according to recently released data from the federal government. The USDA’s annual...
Barge freight rates climb on lower water levels
The cost of transporting harvested commodities down the Mississippi River is climbing. The rates are rapidly rising as shrinking water levels drive barge freight rates higher. The forecast calling for below-average rainfall isn’t offering any relief. Bloomberg says...
Did the Hurricane Idalia help the ag situation in the southeast?
When you get the chance to chat with some of your fellow farm broadcasters at one time or another, you always learn a little something that is happening in their neck of the woods. It always helps to put all the pieces together in our outlook for how the year is going...
AFB says WTO needed to rule against China ag tariffs
An American Farm Bureau official says even if it is tough getting China to comply with a WTO ruling against its retaliatory tariffs on U.S. exports five years ago, it was the right decision. AFBF Trade Advisor Dave Salmonsen says whether or not China complies, it’s...
