The Purdue University-CME Group Ag Economy Barometer rose four points in October to 110. The modest improvement in farmer sentiment resulted from farmers’ improved perspective on current conditions on their farms as well as their expectations for the future. The Index of Current Conditions rose three points to 101, while the Index of Future Expectations rose five points to 114. …
Hurricane Idalia Disaster Declaration Expanded in Georgia
(GDAC/Atlanta, GA/Nov. 8, 2023) — U.S. Department of Agriculture Secretary (USDA) Tom Vilsack has issued a disaster declaration for 27 Georgia counties due to damage and losses caused by Hurricane Idalia on August 30, 2023. This declaration allows farmers, producers, and other eligible agricultural operations to apply for emergency disaster relief through the Farm Service Agency. “Hurricane Idalia caused significant …
Tracking the Soybean and Crude Oil Markets
Soybeans are something traders continue to track this week. Mark Oppold has more on that, along with why many eyes are also on crude oil.
Foreign Investment in U.S. Ag Land
Foreign investment in U.S. agricultural land is a big topic. USDA’s latest research, based on 2021 data, shows over 40 million acres of American agricultural land are owned by foreign investors and companies. This corresponds to 3.1 percent of all privately-held agricultural land and 1.8 percent of all land in the U.S. Canadian investors own the largest portion of foreign-held …
Watching the Soybean Trade
The soybean trade continues to be the talk of the ag trade this week. Mark Oppold has a look at that along what is happening in cattle trade.
Northwest Georgia Counties Designated as Primary Natural Disaster Areas
(GDAC/Atlanta, GA/Nov. 6, 2023) — For the first time in four years, Georgia has been impacted by extreme drought conditions, negatively impacting our state’s agricultural industry. Last week, United States Department of Agriculture Secretary (USDA) Tom Vilsack issued a natural disaster declaration for four Georgia counties for following a sustained period of drought. Impacted counties include Catoosa, Chattooga, Dade, and Walker, which have sustained …
Resistance in the Soybean Trade
Heavy resistance is being found in the soybean trade this week. Mark Oppold has a look at that along with predictions about future Federal Reserve moves on interest rates.
Lower Stocks Helping Push Peanut Prices Higher
A new report indicates lower stock of peanuts right now. And according to Tyron Spearman, this hopefully will help improve peanut prices.
Fiscal Year 2024 Beef Checkoff Plan of Work
The 2024 Fiscal Year for the Cattlemen’s Beef Board (CBB) started October 1st, and throughout the year they will be investing approximately $38 million into programs of beef promotion, research, consumer information, industry information, foreign marketing, and producer communications. Back in September, the Beef Promotion Operating Committee approved Checkoff funding for a total of 12 “Authorization Requests”, or grant proposals …
Record Production Levels for Crude Oil
Forward pricing of diesel fuel and gasoline is something farmers and ranchers may want to consider right now. Mark Oppold explains why.