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Farm Credit System income up seven percent to $5.91 billion
The Farm Credit System reported that combined net income was relatively stable at $1.98 billion for the third quarter of 2024, as compared with $2 billion for the third quarter of 2023. For the nine months ending on September 20, 2024, FCS’s combined net income increased 7.3 percent to $5.91 billion. That’s compared to $5.51 billion for the same period last year. “The System continued to achieve favorable results during the third quarter and first nine months of 2024,” says Tracey McCabe,...
Fertilizer outlook is less than rosy for fall 2024
Input costs are higher than ever, and with a grain market settling back lower, that is not happy news. There have also been issues with supply chains and obtaining what we need to be successful in any crop year. Where this really hurts is when it comes to inputs we...
South American Weather and Crop Update (8-20-24)
The weather in South America still has not changed much, but it’s not much of an impact on the markets anyways since the commodities are focused elsewhere. However, Allendale commodity broker Greg McBride said the markets could be shifting back to looking at the South...
Introducing new pork products in international markets
Introducing new products to overseas customers is a great way to draw attention to differentiate U.S. pork from pork of other origins. Courtney Knupp, vice president of international market development for the National Pork Board, said consumer preference research...
Wyffels growth in Iowa continues with new Ames site
Following 15 months of construction, Wyffels Hybrids officially opened their new Iowa warehouse and distribution center on July 10th, 2024. The new Iowa site is on roughly 150 acres located between Nevada and Ames near Interstate 35 and highway 30. In addition to...
U.S. beef herd rebuild could take years
The U.S. beef cow inventory has fallen to its lowest level in more than 60 years. With no significant changes on the horizon that would quickly reverse the trend, rebuilding the U.S. beef cow herd to historical norms is shaping up to be a years-long undertaking....
IA Beef Council helping present Stockman & Stewardship workshop
Part of what checkoff dollars are used for is the continuing education of producers in the cattle industry. The needs of the consumer always are evolving, as is the care that is given to the herds. That is why state organizations like the Iowa Beef Industry Council...
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Secretary Naig announces availability of pesticide applicator testing options
Iowa Secretary of Agriculture Mike Naig announced today that the Iowa Department of Agriculture and Land Stewardship is again offering in-person and online pesticide applicator testing options for commercial and private applicators this fall. The Department encourages...
SW Iowa crops still looking great heading into harvest
There’s not much time left until harvest season will be upon us in Iowa, and the crops in the southwest part of the state are still looking great. SW Iowa Beck’s Agronomist Nate Meyer said he’s expecting a bumper crop for both corn and soybeans this year. Meyer said...
Financial benefits of climate-smart commodities
Approximately 13,000 American farms participate in the climate-smart commodity initiative, which covers about eight million acres of land. Ag Secretary Tom talked about the appeal of the initiative and said he expects those participation numbers to continue growing....
A drop in soybean condition ratings
USDA is reporting a drop in condition ratings for soybeans and a possible frost in parts of the Upper Midwest. That is USDA meteorologist Brad Rippey. There was no change to the corn condition rating this week with the number remaining at 65% good to excellent....
Koch completes $3.6 billion purchase of Iowa Fertilizer Co.
Koch Ag & Energy Solutions successfully purchased OCI Global’s fertilizer plant in Wever, Iowa, for $3.6 billion. After announcing the pending sale last year, the finished transaction gives Koch access to a state-of-the-art facility and its related businesses. The...