A key railroad workers’ union says it won’t go on strike after November 19. The Brotherhood of Maintenance of Way – Employees Division says it will hold off on any type of action until early December. Freight Waves Dot Com says that will give railroads more time to come up with their best offer without the pressure of an imminent …
Agricultural Lender Survey Results Released
The top concern facing agricultural lenders going into 2023 is interest rate volatility, according to the 2022 Agricultural Lender Survey report. The report announced this week is produced jointly by the American Bankers Association and Farmer Mac. Nearly half of respondents ranked interest rate volatility among their top two concerns, up 35.5 percentage points from last year. While rising rates …
Mississippi River Grain Shipments Down 78 Percent
Drought continues to cause a major slowdown in shipping. That’s coming up on This Land of Ours. The USDA’s Agricultural Marketing Service (AMS) says the number of grain barges being unloaded in New Orleans during September and October dropped significantly. An AMS report says the number of barges is 20-30 percent lower than in recent years. The slowdown coincides with …
Poultry Industry Releases Economic Impact Study
The U.S. Poultry and Egg Association, National Chicken Council, National Turkey Federation and United Egg Producers recently released an updated economic impact study. The study highlights the poultry industry’s positive impact on jobs, wages, and federal and state revenue in the United States. A dynamic and integral part of the national economy, the U.S. poultry industry provides more than two …
Ag Groups Ask Congress to Prevent Potential Railroad Strike
More than 190 members of the Agricultural Transportation Working Group want Congress to prepare to help prevent a railroad strike or lockout. Beef Magazine says a strike or lockout would shut down all rail-dependent facilities and result in devastating consequences to both national and global food security. The Biden administration successfully helped broker an agreement between the National Railway Labor …
USDA Turkey Production and Price Forecasts
With Thanksgiving just around the corner, Rod Bain has a story looking at USDA’s numbers from their October forecast for turkey production and prices. And USDA livestock analyst Shayle Shagam discusses what is behind a lowering of turkey production forecasts for this year. Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester ProductsNovember 8, 2025Florida …
Ag Economy Barometer Declines Again
Farmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down ten points compared to a month earlier. Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations declined. The Current Conditions Index dipped eight points to a reading of 101, while the Future …
Keeping an Eye on the Dollar Index
Many traders are keeping an eye on the dollar index. Mark Oppold explains where it currently stands and what they are watching for. Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester ProductsNovember 8, 2025Florida Cattle Enhancement Board Plays Critical Role To Extend ResearchNovember 7, 2025
Third Quarter Report Shows Economic Improvement
The third quarter GDP report showed some improvements in the nation’s economy. President Biden issued a statement on the report that stated it was “further evidence that our economic recovery is continuing to power forward.” “This is a testament to the resilience of the American people,” the President said. Chair of the Council of Economic Advisers, Cecilia Rouse echoed the …
Two Florida Counties as Primary Natural Disaster Areas
This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a farming operation or the refinance of …