Top Stories
Changes to Clean Fuel Production Credit can help U.S. farmers
Long-awaited updates to the Clean Fuel Production Tax Credit, known as 45Z, have been announced by the Department of Energy. These changes could benefit farmers and ranchers in the future. Brian Glenn, director of government affairs for the American Farm Bureau Federation, says the changes allow for calculations of tax incentives using the GREET model. The emission rate becomes a carbon intensity score, and the lower the score, the higher the tax credit. Congress authorized the change to the...
President Trump says he is “not looking to renew” USMCA
Speaking at the White House today, President Trump stated that he is not looking to renew the U.S.-Mexico-Canada Agreement, saying that “we don’t need anything that Canada has, we don’t need anything that Mexico has.” However, this statement comes as the ag industry...
Concerns rising as U.S. oil reserves decline
While still elevated, oil prices have dipped slightly, well off the high-water mark we saw back in April. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, says there are several things helping oil prices. Oil prices are also being helped by China,...
Congressman calls for quicker ARC, PLC Payments
House Ag Committee Republican Rick Crawford asked for support from USDA Secretary Brooke Rollins at a recent hearing to help speed up ARC and PLC payments. Arkansas Representative Rick Crawford says that payments can sometimes be delayed by up to a year. Crawford told...
Work underway on a year-round E15 bill in the Senate
Efforts to secure year-round nationwide sales of E15 ethanol fuel remain active in the U.S. Senate, offering renewed hope for corn growers seeking expanded demand for their crop. Senate Majority Leader John Thune of South Dakota said that lawmakers are working on new...
June forecast brings rain, warmth to Midwest
A warm and active weather pattern is expected to continue across much of the United States through the middle of June, bringing beneficial moisture and above-normal temperatures to many key crop-producing regions. According to USDA Meteorologist Brad Rippey, the...
South American Weather and Crop Update (6-9-26)
While drier conditions still remain in South America, recent rainfall has caused a notable improvement. Allendale commodity broker Greg McBride gave an update on the latest forecasts for Brazil and Argentina. Currently, farmers in Brazil just wrapped up first crop...
Video
More Ag News
Getting the most out of reciprocal trade agreements
Recently, the USDA hosted a trade mission to Argentina and Ecuador. While the two markets are distinct from each other, they also have many similarities. USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg led the mission and said he was...
Soybean demand evolves beyond traditional export markets
Export markets have long been a cornerstone of demand growth for U.S. soybeans. As global populations expand and incomes rise, increasing protein consumption continues to create opportunities for soybean farmers. However, industry leaders say the future of soybean...
Neutral June WASDE report had little impact on grain prices
A few slight offsetting changes in the June World Agricultural Supply and Demand Estimates (WASDE) report left the markets with very little to react to in Thursday’s trading session. That lines up with past years, though, as the June WASDE report is usually fairly...
Boozman says farm bill proposal coming soon
Senate Ag Chair John Boozman says that the work on a bipartisan farm bill is about to yield results. Boozman says that the high prices of fertilizer and diesel fuel, labor and interest costs are all necessary reasons that farm policy needs to be updated and...
Groups tell House Ag Committee that USMCA is critical for U.S. Farmers
Farm and food industry leaders told members of the House Agriculture Committee that renewing the U.S.-Mexico-Canada Agreement is critical to the future of American agriculture and rural communities. During a hearing on the future of USMCA, representatives from...
