A new Market Intel analysis from the American Farm Bureau Federation finds Chapter 12 farm bankruptcy filings were down 50 percent in 2021. The number of Chapter 12 filings last year is the lowest in the last decade, and this is the first time in at least ten years that there were fewer than 300 filings. For 2021, 276 Chapter …
Crop Insurance Premium Benefit Available for Cover Crops
Producers who have coverage under most crop insurance policies are eligible for a premium benefit from the USDA if they planted cover crops during the 2022 crop year. Producers must report their cover crop acreage by March 15 if they want to receive the benefit from this year’s Pandemic Cover Crop Program. PCCP helps farmers maintain their cover crop systems …
Florida House Passes $105.3 Billion Spending Plan
(NSF/TALLAHASSEE/Feb. 16, 2022) — What would be a record $105.3 billion spending plan bolstered by federal stimulus money was approved Wednesday by the Florida House, helping set up negotiations with the Senate on a final budget for the 2022-2023 fiscal year. The House voted 102-14 to approve the proposal (HB 5001), after Democrats objected to shifting $200 million away from …
The Five C’s of Credit
During the recent National Peanut Buying Points Association meeting, one speaker discussed the five c’s of credit. Tyron Spearman has the story. Sponsored ContentFlorida Cattle Enhancement Board Provides Significant Support For ResearchDecember 19, 2025Florida Cattle Enhancement Board Considers Efforts Important to Cattle Producers in FloridaDecember 12, 2025Commitment From Florida Cattle Enhancement Board Members Seeks To Move Research ForwardDecember 5, 2025Florida …
Ag Tractor Unit Sales Continue Growth Streak Into 2022
According to the latest data from the Association of Equipment Manufacturers (AEM), overall ag tractor sales in the U.S. continued rising into January, while combine harvesters slowed for the month. U.S. total farm tractor sales gained 1.5 percent in January compared to 2021, while U.S. self-propelled combine sales for the month fell 41.4 percent to 205 units sold. The 100 …
USDA Data Tracks Fertilizer Price Increases
Data from USDA’s Economic Research Service details the increase in fertilizer prices. Fertilizer represents an average of 36 percent of a farmer’s operating costs for corn, 35 percent for wheat, and 30 percent for sorghum, according to estimates by USDA. Fertilizer prices declined from 2014 through 2017 before a gradual increase in 2019. In late 2021, prices began to spike …
Economy Slowdown Affecting Peanuts
During a recent conference, an ag economist said the economy is on a slowdown. Tyron Spearman has a story explaining how this may affect the peanut industry. Sponsored ContentFlorida Cattle Enhancement Board Provides Significant Support For ResearchDecember 19, 2025Florida Cattle Enhancement Board Considers Efforts Important to Cattle Producers in FloridaDecember 12, 2025Commitment From Florida Cattle Enhancement Board Members Seeks To …
Economist Sees Good Things Ahead for Farm Economy
A Wells Fargo economist predicted a rosy future ahead for American commodities during the next several years. Michael Swanson says the only thing that could seriously derail that prediction is the weather. The Hagstrom Report says Swanson spoke at the Crop Insurance and Reinsurance Bureau’s annual meeting. He says, “Life is good now, and the prices should remain high up …
Positive Cattle Price Trends Forecast for 2022
During last week’s Cattle Industry Convention, CattleFax held their outlook seminar noting cattle price and profitability trends are pointed in the right direction. Kevin Good, vice president of industry relations and analysis at CattleFax, notes this is despite the challenges and uncertainty brought on by Covid. And every cattle producer wants to know what the market outlook is. He said they think …
Deadline to Enroll in 2022 Dairy Margin Coverage Extended
The U.S. Department of Agriculture (USDA) has extended the deadline to enroll in Dairy Margin Coverage (DMC) and the new Supplemental Dairy Margin Coverage (SDMC) for 2022. ?The new deadline to apply is March 25, 2022. USDA’s Farm Service Agency (FSA) opened DMC and SDMC signup in December 2021 to help producers manage economic risk brought on by milk price and …