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Grassley discusses path forward for permanent E15 legislation
A recent introduction of an amendment to the House farm bill would permanently allow nationwide, year-round sales of E15 and would help provide certainty to corn growers and fuel retailers. United States Senator Chuck Grassley (R-IA) was asked about the decision to include permanent E15 legislation in the amendment to the House farm bill. Grassley further explains the reasoning behind inclusion of E15 legislation in the amendment to the House farm bill. Grassley says that farmer concerns and...
Heat hits cattle, USDA updates LIP payments
The extreme heat is taking its toll not just on crops, but also cattle says United States Agriculture Secretary Tom Vilsack as USDA is updating its payment rates for cattle losses. So, USDA Secretary Tom Vilsack says the department will update Livestock Indemnity...
Ethanol production hits three-month low
The Energy Information Administration says ethanol output dropped to a three-month low while inventories hit the lowest point since November. Ethanol production dropped to an average of 1.007 million barrels a day during the week ending on August 25. The EIA report...
South American Weather and Crop Update (8-31-23)
A little bit of rain in South America, but that’s not enough to deter farmers from finishing harvest. Allendale commodity broker Greg McBride gave an update on the latest weather patterns. Harvest in Brazil is slightly behind the average, but McBride said this might...
Beef Promotion Operating Committee meeting next week
The Cattlemen’s Beef Board will hold its Beef Promotion Operating Committee meeting in Denver on September 6-7. The Committee consists of 20 cattle producers- ten from the beef board and ten from the federation. Jimmy Taylor, chairman of the Cattlemen’s Beef Board,...
Grassley criticizes EPA WOTUS final rule and calls for legislative fix
United States Senator Chuck Grassley says it’s time to end the WOTUS back and forth between the courts and the EPA and pass a legislative ‘fix’. Even after Senator Grassley said the Supreme Court rejected the EPA’s ‘significant nexus test’ for a navigable water to...
Quarter 2 flat for farm incomes
Earlier this year we discussed the prediction that the second quarter earnings wouldn’t be too exciting for farms across the Midwest. After all the dust has settled, we see that this prediction holds somewhat true. While we may not have seen quite the decrease we...
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More Ag News
Ag secretary’s CCC spending discretion limited in bill
The USDA spending bill that President Biden just signed for the rest of this fiscal year limits the Ag Secretary’s discretion in spending funds from the Commodity Credit Corporation, which is USDA’s financing institution. The Ag spending bill requires the Secretary to...
AM radio supports quality of life in rural America
AM radio is a critical to rural America, according to National Farmers Union President Rob Larew. Speaking at the NFU annual convention this week, Larew said automakers shouldn’t limit access to information. “In terms of like emergency information and getting the word...
Farms received nearly a quarter of each food-at-home dollar in 2022
In 2022, farm establishments received 24.1 cents for each dollar spent on food at home and 3.6 cents for each dollar spent on food away from home. These amounts, called farm shares, highlight the different paths that food takes from farms to consumers' points of...
Low demand hurting dairy so far in 2024
The dairy industry just seems to never be able to catch a break these past few years. Regulations, trade disputes, labeling products that aren’t dairy as though they were, and the list goes on and on. As we move through these first three months of 2024. We see that...
South American Weather and Crop Update (3-12-24)
Drier weather in Brazil is providing less-than-ideal conditions for the safrinha crop that has been planted so far. Allendale commodity broker Greg McBride gave an update on the latest South American weather patterns. On the other hand, that dry weather is allowing...
