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Supreme Court rules against President Trump’s tariff authority
In a 6-3 decision, the Supreme Court ruled that President Trump does not have the authority under the International Emergency Economic Powers Act (IEEPA) to enact global tariffs, dealing a major blow to the President’s primary economic strategy. This decision comes after a year of tightening economic pressure in the ag industry, particularly on small-scale farmers. Brian Kuehl, executive director of Farmers for Free Trade, said the Constitution clearly states where the power to enact tariffs...
USDA: cost of a home-grilled cheeseburger up 21 cents from 2021
Home-grilled cheeseburgers, a summer cookout staple, will cost consumers more this Independence Day weekend. USDA?s Economic Research Service says the ingredients for a home-prepared 1/4-pound cheeseburger totaled $2.07 per burger, with ground beef making up the...
FBN offering solutions for livestock producers
From a management perspective, today?s Iowa hog producers face many challenges when it comes to making decisions about nutrition, health, and what makes the most sense from an ROI perspective for their operations. Farmer?s Business Network offers some advice when it...
U.S. Export Sales Report (6-30-22)
This week?s report was not great for the grain markets. Corn, soybeans, and wheat all had poor export sales numbers. Allendale commodity broker Greg McBride said there wasn?t really any good news in this report.Part of the issue with export sales right now is that...
Iowa?s Region 10 crop update
We yet to have a growing season in Iowa where the weather takes it easy on producers. Like the rest of Iowa, Southwest Iowa has taken a major hit to their crops so far in this growing season, but not in a way you would expect. While some of the state is dealing with...
USDA announces new features for Market News App
The Department of Agriculture Wednesday announced additional commodities and features are available on the free USDA Market News App. The App provides producers and others along the supply chain with instant access to market information about conventional and organic...
Fuel costs proving to be huge Ag stressor
On one hand, farmers can look at the grain markets and see prices that are still pretty good after years of barely making it through. On the other hand, that has been rapidly offset by the increase in input costs and energy supplies in the past year. Any enjoyment of...
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More Ag News
Finding ourselves in a new trade dynamic
As we navigate this current economical climate, there are things we need to consider. The global marketplace is not the same as it has been in years prior. Countries and populations are changing. We are seeing negative population growth in countries like China and...
Midwest farmers planting more corn and wheat
Midwestern farmers are planning to plant more corn and wheat this spring. An Ag Access survey says farmers will add 27 percent more acres to corn and 32 percent more to wheat. A smaller percentage, at 17 percent, says they?ll increase their soybean acres. The survey...
U.S. Export Sales Report (3-23-23)
We saw a decent export sales report this week. Corn is now performing quite well, and, while soybeans are bearish, they are following what we usually see at this time of year. Allendale commodity broker Greg McBride provided a breakdown of this week?s U.S. Export...
The working relationship between NASA and agriculture
Commodity Classic is an annual ag showcase that presents the latest and greatest in farming practices and ag technology. So why was NASA located on the trade show floor at this year?s event in Orlando Florida? Brad Doorn a program manager with NASA?s earth science...
Sec Naig discusses recent & upcoming trade trips
We have often discussed the importance of getting our products and our people out in front of potential and existing trade partners. The pandemic changed how we did business for a little while, but now that things have eased, face-to-face meetings are important once...
