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AFBF study: farmers urgently need economic assistance

AFBF study: farmers urgently need economic assistance

USDA’s most recent reports, including Commodity Costs and Returns, World Agriculture Supply and Demand Estimates, and Farm Sector Income & Finances reports, all confirm what U.S. agriculture has known for years. U.S. farm income is under immense pressure. A new report from the American Farm Bureau Federation said farm financial stress is severe and persistent. Margins are below breakeven for many crops, working capital has eroded, Chapter 12 bankruptcy is on the rise, and a recent lender...

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Feenstra talks farm economy investments from Trump tax cuts

Feenstra talks farm economy investments from Trump tax cuts

There’s been discussion recently about potential farm economy investments that could result from some tax cuts made by President Trump. Iowa Congressman Randy Feenstra said he’s advocating for benefits like new export markets, among other changes. Feenstra said new...

China proposes a tariff-drop swap with Canada

China proposes a tariff-drop swap with Canada

The Chinese Ambassador recently told a Canadian national television audience that his country is willing to remove its tariffs on Canada’s pork products, seafood, and, by far the largest of the categories, canola oil, seed, and meal if Canada drops its 100 percent...

Markets stay cautious in fog of uncertainty

Markets stay cautious in fog of uncertainty

After some fireworks late last week, things have quieted down in the grain trade. The latest spark came as China and the United States each slapped new fees on maritime shipping from the other country. It’s another step in the ongoing trade war, but for now, markets...

Farm crisis not forgotten during shutdown

Farm crisis not forgotten during shutdown

The farm crisis remains top of mind during the government shutdown and some lawmakers are sounding the alarm. That’s Mississippi Senator Cindy Hyde-Smith who says this is not a regional or political issue but one that affects all Americans. She adds that the situation...

China holding off on Brazil soybean purchases

China holding off on Brazil soybean purchases

High premiums on Brazilian cargoes are discouraging soybean buyers in China, which means the country has yet to secure much of its needed soybean supply for December and January. Reuters says the development could prompt the Chinese government to tap state reserves to...

Navigating tough decisions on fertilizer this fall

Navigating tough decisions on fertilizer this fall

The discussion on fertilizer this fall has put a lot of farmers between a rock and a hard place. On the one hand prices for commodities are low but on the other hand fertilizer prices are elevated. That leaves the grower often wondering if they should cut back on...

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October is National Manufacturing Month

October is National Manufacturing Month

October is National Manufacturing Month, and manufacturers are incredibly important for the ag industry. Manufacturing is also a big part of Iowa’s economy, with over 220,000 Iowans employed in the manufacturing industry. Iowa Congressman Randy Feenstra said...