Below you'll find a list of all posts that have been categorized as “Economy”
USDA has released the Domestic and Global Cotton Supply and Demand Outlook for the month of March. World Agricultural Outlook Board Chair Mark Jekanowski explains, “Overall, pretty small changes in cotton both globally and domestically this month. We raised our production forecast for Brazil by 800,000 bales. That’s mainly based on data reported within the country. On the other hand, we lowered …
Checking on the peanut market this week. Good news for farmers. They do have something offered at buying points. Peanut buying points are reporting that peanut contracts are now available for the 26 peanut crop. Contracts were started out on runners at $415 per ton. The tonnage is not limited. Contract offers for Virginia type peanuts was $425. Some farmers of course need …
Labor issues at that JBS beef plant in Colorado plowed an otherwise positive beef trade in our review. Beef packer margins improving here last week. By the way, happy St. Patrick’s Day. The Irish and friends of Irish, heavy consumers of beef and various beverages as well. But spring coming up here at the end of the week, and that consumer demand we …
The US Department of Agriculture has announced that over $26.8 million has been awarded to grant projects to connect local markets with farmers. The projects were funded through the Local Agriculture Market Program which includes the Farmers Market Promotion Program, the Regional Food System Partnerships and the Local Food Promotion Project. U.S. Secretary of Agriculture Brooke Rollins said, “Part of …
Peanut buying points are reporting that peanut contracts are available for the new peanut crop. Contracts for runner type peanuts now at $415 per ton. That is for the new crop that is about to be planted. Tonnage is not limited on that number. The contract offers Virginia type peanuts up to $425 per ton. Some farmers need their contracts to secure …
Now that Agricultural producers that were eligible for the Farmer Bridge Assistance payments have completed their applications for funds, we sat down with Under Secretary for Farm Production and Conservation Richard Fordyce to get an update on the status of these payments. Under Secretary Fordyce said, “ It’s been a big success. You know, we started, we kicked off sign up on …
The Alabama Cattlemen’s Association Convention featured an educational talk through their General Session focused on “Fighting Fraud on the Farm.” The session featured Amanda Senn, Director of the Alabama Securities Commission, and we spoke with Senn to learn what advice she has for agricultural producers to avoid being scammed. Senn said, “With the ag industry now so connected to the …
Market fears continue to ease, a far cry from where we started the week. Monday this week, that VIX or fear index on Wall Street was soared past 35, the highest since COVID days in 2020. Today, that index dropping back toward 20, indicating a lot more calm on Wall Street, though 1516 is an accepted number. Likewise, crude oil near $120 a barrel …
US Secretary of Agriculture Brooke Rollins was in Georgia earlier this week to amplify the announcement of Georgia’s Hurricane Helene Block Grant. During her time under the “Gold Dome,” Secretary Rollins made remarks to Georgia Legislators saying, “we have finalized our joint agreement between Georgia and USDA, a 531 million dollar block grant agreement to help your producers who are still suffering …
The Food, Farm, and National Security Act of 2026 was officially passed by the Agriculture Committee in Washington this week, 34-17. The bill was supported by Republican members of the committee, along with seven Democrats. That’s good news. The Farm, Food, and National Security Act is commonly referred to as Farm Bill 2.0. It builds upon the traditional Farm Bill provisions included in last …
