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Study shows ag exports faltering
The U.S. has traditionally had a healthy agricultural trade surplus for years. As global dynamics change due to multiple political and economic factors, U.S. agricultural imports now exceed exports. A new study says the deficit is likely to get worse in the years ahead. University of Illinois and Texas Tech University researchers say the U.S. is importing much more than it exports. From 2017 to 2018, the dispute between the U.S. and China resulted in export values dropping by $9 billion (73...
Navigator pipeline project has generated a lot of questions
With any major project that is meant to improve infrastructure, there are always a lot of questions, as well as there should be. You cannot do a project of this scale without considering the implications to safety, the environment, land and property rights, and...
U.S. Export Sales Report (2-9-23)
This week?s report was mostly neutral again. Corn numbers are looking better, but it?s still not enough to change the overall outlook. Allendale commodity broker Greg McBride provided a breakdown of this week?s U.S. Export Sales Report.McBride said they were expecting...
Farm Bureau tells congress WOTUS misses the mark
Missouri Farm Bureau President Garret Hawkins told Congress Wednesday that the updated Waters of the U.S. Rule creates uncertainty and unnecessary costs for farmers and ranchers.The rule was released in late 2022 and Hawkins says that it creates uncertainty and makes...
CME Group launches New Crop Weekly options
Uncertainty is something that farmers are used to, but the number of risks that farmers face seems to increase each year. CME Group is always looking for new ways to help producers manage risk. Tim Andriesen, CME Group Managing Director of Agricultural Products,...
USDA proposes changes to dairy benefits in WIC program
If you have had children in the past 20 years or more, you are probably familiar with The Women, Infants, & Children (WIC) program and their vouchers. These vouchers help provide proper nutrition for families without it being an economical burden. Many of these...
USDA releases February WASDE report
The Department of Agriculture Released the February World Agricultural Supply and Demand Report Wednesday. This month's 2022/23 U.S. corn outlook is for lower corn used for ethanol and larger ending stocks. Corn used for ethanol is reduced 25 million bushels. The...
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Weekly drought monitor shows spotty improvement
The weekly U.S. Drought Monitor saw improvements in parts of California and Nevada because of the impacts of Tropical Storm Hilary. The storm brought record-breaking rainfall accumulations and incidents of flash flooding and mudslides. In the Midwest, light...
Producers focus on needs, as farm bill writers eye politics
While Washington politicians are focused on farm bill politics, producers are focused on their needs.SNAP work requirements, WIC spending cuts, CCC uses, payment limits and more are all politicizing farm bill efforts this year. However, down on the farm and ranch,...
How is the harvest forecast shaping up?
As we sit here on a Friday, we are looking forward to a cool down into the upper 80s for the weekend. That has gotten many concerned about the damage this recent heat snap could have done to crops and livestock alike. It also begs the question as to what we can expect...
USB budget allocation for 2024 covers research, promotion, and education
The 77 farmer-leaders of the United Soybean Board recently approved the 2024 fiscal year budget, supporting research, promotion and education investment portfolios. Approved at its summer meeting in Niagara Falls, New York, these investments drive demand for U.S. Soy...
Grain indemnity fund assessment begins September 1st
The reinstatement of fees on grain sold to or deposited at Iowa-licensed grain dealers and warehouses as part of the Iowa Grain Depositors and Sellers Indemnity Fund (Grain Indemnity Fund) starts on September 1.“The Grain Indemnity Fund serves as a low-cost insurance...
