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Ag loan interest payments are starting to soar
The economy is in a tough spot across the board, no matter how government officials want to try and spin it. Interest rates are climbing higher and that is causing problems for borrowers, especially in the agriculture sector. Agricultural operating loans, land loans, and financing are usually working with some very large numbers, and when you combine that with rising interest rates, those payments are starting to get larger. According to Tait Berg, a Senior Agricultural Analyst at the Federal...
South American Weather and Crop Update (5-7-24)
Much like it is up here, rain is causing issues down in South America. Southern Brazil is getting especially heavy rains, which could start damaging the crops. Allendale commodity broker Greg McBride gave an update on the latest weather. McBride said planting progress...
Rainfall slowing planting progress across the Corn Belt
Rainfall and wet conditions are slowing planting progress in the Midwest. Betty Resnick, an economist with the American Farm Bureau Federation, said a lot of the slowdown is taking place in the Corn Belt. Resnick said we’re still early in the planting season for major...
Innovation and technology helping farmers reach sustainability goals
The mission of the U.S. Grains Council is to develop markets, enable trade, and improve lives. Carlos Suarez is the manager of sustainability, policy, and innovation for the U.S. Grains Council and says that sustainability is becoming more of a central focus across...
Iowa crop progress and condition report
Iowa Secretary of Agriculture Mike Naig commented on the Iowa Crop Progress and Condition Report released by the USDA National Agricultural Statistics Service. The report is released weekly April through November. Additionally, the Iowa Department of Agriculture and...
Senator Ernst reacts to Stabenow’s version of Farm Bill
Last week, the respective Chairpeople of the House & Senate Ag Committees released their visions for a Farm Bill. While House Ag Committee Chairman GT Thompson, a Pennsylvania Republican, released a framework for legislation that he wants to mark up by May 23rd,...
Rain delays causing potentially premature market reactions
Rain continues to delay planting across the Corn Belt, but since rain makes grain, it’s pretty worth it at this point. However, we are getting closer and closer to that planting deadline, and the markets were feeling the heat today and shot upwards. Robin Schmahl of...
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Renewable propane is a groundbreaking area of bio-based fuels
We have spent a lot of time talking about the renewable fuels marketplace. Whether it is E15, Sustainable Aviation Fuel, or even bio-diesel, we can find solutions to our energy and environmental needs in many ways. As we focus on many of these ag-based products, the...
Slow start to planting could make for an interesting May WASDE
Friday’s upcoming WASDE report is an important one, as it is the first report after the start of planting season. While the beginning of planting season has been slow, analysts are unsure of whether or not any changes will be made by the USDA. Ross Baldwin of...
Interest rates and low prices are still squeezing farmers
Rabobank’s RaboResearch team released its bimonthly North American Agribusiness Review. The report analyzes market conditions and trends in North American agriculture. Roland Fumasi, North American Regional Head of RaboResearch, said interest rates are still squeezing...
Grassley says Congress still not close to agreeing on farm bill framework
Despite apparent progress towards continuing work on the farm bill, United States Senator Chuck Grassley (R-IA) does not think that Congress is any closer to finding agreement on the framework of a new bill. Instead, both sides appear still entrenched in their...
Secretary Naig announces increased cover crop cost-share incentives
Iowa Secretary of Agriculture Mike Naig announced today that the Iowa Department of Agriculture and Land Stewardship is offering increased cost-share incentives for cover crop planting through the state’s Water Quality Initiative (WQI). The popular annual cost-share...