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Farmers trim input costs as profit margins remain tight
Farmers across the Corn Belt are reducing spending on fertilizer, seed and crop protection products as they prepare for another year of narrow profit margins. Agricultural economists and industry analysts report that many producers are carefully managing expenses after several seasons of declining crop prices and higher operating costs. While fertilizer prices have moderated from record highs seen in recent years, input costs remain elevated compared with historical averages. Farm management...
USDA Undersecretary Taylor returns from India
Trade is top of mind in the agriculture industry. Growing and maintaining our list of trading partners is essential, especially given the circumstances of the trade glut we have experienced in the past year or so. It is especially important to make regular trade trips...
Final GREET model guidance expected soon
As the month of April winds down, ethanol industry leaders are anxiously awaiting the release of the GREET model which will determine eligibility for tax credits for ethanol used in sustainable aviation fuel. The model will determine the future of the ethanol industry...
U.S. Export Sales Report (4-25-24)
We saw a little bit of rebound for corn in this week’s Export Sales Report. Greg McBride of Allendale tells us what the numbers mean, and how soybeans still are underperforming. However, he still calls this a neutral report. Mexico accounted for most of our sales, but...
Iowa Farm Bureau awards nearly $270k in scholarships to Iowa students
The Iowa Farm Bureau Federation (IFBF) has granted scholarships to 109 current and future college students looking to further their post-high school education within the agricultural industry. Twenty-seven scholarships were awarded to first-time recipients, and 78...
New Midwest Dairy CEO takes over in hectic times
The dairy industry has had a turbulent couple of years, and we all know about the trials and tribulations with trade, supply chain issues, the pandemic, and all of that. Dairy producers have proven their resiliency time and time again. Right now, the industry is...
Landus taking an even greater focus on mental and physical health
Farming is one of the most stressful jobs in the world. Not only is there weight on every farmer’s shoulders to feed the world, but there’s also plenty of other mental and physical challenges they have to overcome on a daily basis. Landus is creating an even bigger...
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More Ag News
U.S. Export Sales Report (9-26-24)
The weekly export sales were highlighted by some very strong bean exports, which were some of the highest we’ve ever seen for this week. Allendale commodity broker Greg McBride gave an analysis of the report. McBride said there were some smaller flash sales this week...
Commodity naming rights agreement keeps trade going in Chile
The U.S. recently signed an agreement with Chile to continue uninterrupted trade after a dispute arose over naming rights for products like cheese. Doug McKalip, chief agricultural negotiator for the U.S. Trade Representative, said this agreement is good news for U.S....
Early fall weather has been cooperative for harvest
So far during the dry-down and early harvest season, the weather has been cooperative for farmers. That is USDA meteorologist, Brad Rippey. He says that the weather has been mild across large stretches of the country where row crops are grown. Corn and soybeans are...
Choose Iowa surpasses 100 member milestone
Iowa Secretary of Agriculture Mike Naig announced today that Choose Iowa, the state’s official brand and marketing initiative for Iowa grown, Iowa raised, and Iowa made food and ag products, has surpassed 100 members statewide and is continuing to build momentum....
Rootworm battle starts with the seed purchase
Corn rootworm is the billion-dollar pest for a reason. That is about the value of bushels lost each year because of them. The populations are on the rise, and the battle grows even tougher. We have many tools available for our use in the fight, but the key is to start...
