John Deere Raising Prices to Cover Steel Costs

Dan Economy, Industry News Release

Deere & Company is raising equipment prices in order to protect profits as costs rise. The farm and construction machinery manufacturer says profits were up 50 percent and equipment sales were up 34 percent annually in its latest quarter. However, a Dow Jones report says those numbers disappointed analysts. Deere’s share rose nearly six percent as investors are focusing on …


Purdue/CME Group Ag Economy Barometer Slips in April Report

Dan Economy, Industry News Release

The latest measure of producer mindset dipped lower in April. The Purdue/CME Group Ag Economy Barometer fell to 125 last month, which was ten points lower than a month earlier and 15 points below its February reading. Organizers say the sharp drop in the ag producer sentiment index was attributable to producers’ weakening perceptions of current conditions in the production …

ag economy barometer

Ag Economy Barometer Results for March

Dan Economy, Industry News Release

Farmers are expressing concerns regarding agricultural trade, according to the latest Purdue/CME Group Ag Economy Barometer. The barometer slipped to 135 in March, down five points compared to February, but unchanged from January’s results. The decline was attributed to farmers weakening perceptions of current conditions and a decline in their expectations for the future. The index surveys 400 producers each …


Ag Producer Sentiment Improves; but Uncertainty about the Future of NAFTA Looms

Dan Economy, Industry News Release

The Purdue/CME Group Ag Economy Barometer moved higher again in February. At 140 points, producer sentiment, which is based on monthly survey of 400 agricultural producers from across the country, reached its second-highest level in more than two years of data collection. Sentiment is also higher for the second-consecutive month, providing a strong 14-point boost to the index compared to …

perdue crop insurance

What’s New For Crop Insurance?

Dan Economy, Field Crops, Livestock, Nursery Crops, Specialty Crops

Producers are encouraged to find out what’s new for crop insurance this year before the upcoming deadlines. Stephanie Ho has the story. What’s New For Crop Insurance?-1 Rob Johansson, Acting Deputy Under-secretary for Farm Production and Conservation, explains why crop insurance is an important part of the farm safety net. What’s New For Crop Insurance?-2


Florida Ag Policy Conference to Help Growers Deal With the Ever-Changing Global Economy

Dan Economy, Industry News Release

In light of the competitive and dynamic global economy, experts from UF/IFAS and other organizations will share knowledge about how to deal with pressures facing growers in Florida at the third annual Florida Agricultural Policy Conference. The conference will be held Feb. 21 at the UF/IFAS Mid-Florida Research and Education Center in Apopka, Florida. Whether it’s trade agreements, labor, water …

vertical farming

Report: Vertical Farming Happening Now

Dan Industry News Release, Vegetables, Water

Vertical farming won’t replace conventional farming, but researchers say vertical farming is happening now, and growing. Research by Stanford University shows vertical farming is growing and will likely be needed to complement traditional farms to “meet the food demands of tomorrow.” Vertical farming is the practice of producing food in vertically-stacked layers. The farms are in enclosures that provide a …


Tax Reform Will Benefit Ag Community in Many Ways, Right Away

Dan Economy, Industry News Release

A U.S. representative from Washington State says the end of 2017 tax reforms will benefit agriculture immediately. Central Washington representative Dan Newhouse says there will be many benefits to the ag industry, and many, right away. Tax Newhouse added, while a few details have yet to be realized, and some of the benefits will not take place immediately, he’s confident …


Index Shows Farmer Optimism Increasing

Dan Economy, Industry News Release

A survey of farmers shows optimism is increasing in the Midwest farm country, despite continued low prices. The latest DTN/The Progressive Farmer Agricultural Confidence Index found increasing optimism, posting an overall score of 113, up 9 points from August and 15 points higher than the “Trump Bump” survey of a year ago. The so-called “Trump Bump” represented an increase in …