Russia’s war against Ukraine is hitting Americans in the pocketbook and many overseas in the stomach. From soaring food costs to skyrocketing fuel prices, the war in Ukraine is taking a painful toll at home and abroad. Ukrainian grain exports have collapsed, and Western sanctions limit Russian oil and fertilizer exports. Experts say all of this makes U.S. and European …
Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat
South Korea is the latest country to suspend import duties on pork and other food items in an effort to combat inflation. They join Mexico, the Philippines, Taiwan, Vietnam and Brazil in reducing or eliminating tariffs on certain food items to lower consumer prices. And while these tariff reductions sometimes benefit global competitors more than U.S. red meat, the overall …
Inflation, Recession Fears Persist
Fears about inflation and a possible recession continue to affect the markets, including agriculture. Mark Oppold has more details. Sponsored ContentFlorida Cattle Enhancement Board Allows Viable Research in the Cattle IndustryFebruary 6, 2026Florida Cattle Enhancement Board Track Record Well Received By LegislatorsJanuary 30, 2026Florida Cattle Enhancement Board Supports Beef Education and Promotion ProgramsJanuary 23, 2026Florida Cattle Producers Proactive In Research …
U.S. Ag Tractor, Combine Sales below Five-Year Average in May
U.S. tractor and combine monthly unit sales in May 2022 fell below the five-year average for the first time since March 2020. The monthly data, released last week by the Association of Equipment Manufacturers (AEM), shows U.S. total farm tractor sales fell 14.5 percent for the month of May compared to 2021, and U.S. combine sales for the month declined …
Investing in Farm & Ranch Land
We told you last week that stronger land prices during late 2021 continued higher through the first five months of this year. That was partially helped by investors looking for a low-risk inflation hedging investment. And Mark Oppold reports wealthy investors are turning to farm and ranch land. According to Farmers National Company, prices for good quality cropland are up 20 …
Farmers National Company: Land Prices up 20%
The stronger land prices of late 2021 continued higher through the first five months of 2022. After a calm period at the start of the year with prices steady, prices took another jump up as a result of the outbreak of war in Ukraine and ongoing inflation fears. Farmers saw higher commodity prices, and investors wanted a low-risk inflation hedging …
Farmer Sentiment Plummets as Production Costs Skyrocket
The Purdue University-CME Group Ag Economy Barometer plummeted in May to a reading of just 99, the weakest reading since April 2020. The May 2022 barometer reading marked just the ninth time since data collection began in fall 2015 that the overall measure of farmer sentiment fell below 100. Agricultural producers’ perceptions regarding current conditions on their farms, as well …
Farm Real Estate Debt Builds in First Quarter
Farm real estate debt at commercial banks grew modestly in the first quarter, while production loans remained steady. The Kansas City Federal Reserve Bank says alongside soaring farmland values, real estate loan balances increased at the fastest pace in four years and drove an increase in the overall amount of agricultural lending. Following a sharp pullback over the last two …
Eight Georgia Counties Designated as Primary Natural Disaster Areas
(WASHINGTON, DC/USDA FSA/June 3, 2022) — 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 …
DeSantis Signs Florida Budget, Vetoes $3.13 Billion
(TALLAHASSEE/NSF) — Pointing to a need to further brace the state against a potential recession, Gov. Ron DeSantis issued $3.13 billion in vetoes Thursday as he signed a record $109.9 billion budget for the fiscal year that will begin July 1. Among the large vetoes were $650 million for a new 4,500-bed prison; $195 million for construction of a prison …