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U.S. Export Sales Report (6-4-26)
There was a disappointing aftertaste to this week’s export sales report. Allendale commodity broker Greg McBride said this week’s corn sales are lower than what we’ve been getting used to. While the soybean sales saw an improvement this week, McBride said they are still lagging behind overall. Interestingly, the grain markets had a sharp negative tone today. McBride said there were a few factors weighing in on this negative activity. The team at Allendale can be reached by calling...
U.S. to use tariff funds to offset high fertilizer prices
The Trump administration is preparing to direct tens of billions of dollars from tariffs and renegotiated trade deals toward strengthening domestic fertilizer production, according to Agriculture Secretary Brooke Rollins. Speaking before lawmakers during a House...
AG trade deficit drops 42 percent
New numbers from USDA show progress in reducing the U.S. agricultural trade deficit, but officials say there is still more work ahead to return to a long-standing trade surplus. USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg says when the...
Iowa FFA members fight food insecurity at annual convention
Since 2012, Iowa FFA members have helped package pre-made meals to fight food insecurity during the annual Iowa FFA Leadership Conference. Servant leadership is one of the core values of the FFA, which means that events and opportunities like this truly resonate with...
USDA launches National Proving Grounds Network for AgTech
USDA’s recently launched National Proving Grounds Network for AgTech is designed to help ag-tech companies develop products that can help farmers be more profitable and successful through real world testing. USDA Under Secretary for Research, Education, and Economics...
Senators introduce bill aimed at stabilizing farm labor costs
U.S. Senator Ted Budd of North Carolina and several Republican colleagues have introduced legislation aimed at stabilizing agricultural labor costs and providing greater certainty for farmers. The proposal, known as the Farmworker Access and Retention Modernization,...
U.S. red meat exporters connecting with buyers in Mexico
Exporters of U.S. beef, pork, and lamb met face-to-face with buyers from across Mexico last week at the U.S. Meat Export Federation’s second U.S. Red Meat Symposium in Mexico City. One of those exporters was Mark Spengler of Greater Omaha Packing Company, who...
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High diesel prices bite into Food Bank of Iowa’s budget
Gas prices have hit the highest level in four years, and with no end to the Iran war in sight, the impacts of these elevated prices will be felt for the foreseeable future. Diesel prices in particular have increased even more quickly, surging up 45% since the...
House farm bill and E15 legislation survives stall over debate rule
The quest to pass a new farm bill with legislation for year-round E15 hit another temporary roadblock on Wednesday in the U.S. House. Several Republicans joined the Democrats to initially deny the simple majority to bring up the farm bill, year-round E15, and several...
USDA details plan to boost fertilizer availability
Fertilizer prices have been a thorn in the side of farmers for several years and the conflict with Iran has only worsened the problem with the strait of Hormuz closure slowing shipping. Ag Secretary Brooke Rollins recently announced measures to alleviate some of the...
Farm bill talks intensify in Congress
Congressional leaders are preparing for renewed debate over the next Farm Bill. Producer organizations are pressing lawmakers to strengthen the farm safety net as growers face weak crop prices, elevated borrowing costs and uncertainty over export demand. Reuters...
Rural lenders eye finish line for overdue Farm Bill
After years of delays and temporary extensions, the long-awaited Farm Bill could finally move forward as lawmakers prepare to bring it to the House floor this week. For agricultural lenders like Farm Credit, the bill represents far more than traditional farm programs....
