Agricultural credit conditions improved in the first quarter of 2022, and farm real estate values continued to increase alongside strength in the American farm economy. Following a year of accelerating increases, the value of non-irrigated cropland across much of the country has soared through March of this year. The sharp growth in land values persisted despite a slight increase in …
Ag Credit Conditions Stay Strong While Outlook Softens
Farmland values continued to increase at a rapid pace through the end of 2021. Alongside sustained strength in farm income and credit conditions, the Kansas City Fed says the value of all types of farmland was over 20 percent higher than the year before. The recent strength in agricultural real estate markets has been supported by strong demand, historically-low interest …
Dairy Groups: Retaliatory Tariffs Required as Canada Refuses its USMCA Obligations
The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) Monday called on the U.S. government to levy retaliatory tariffs on Canada. The call comes after Ottawa made clear that it refuses to meet its signed treaty obligations under the U.S.-Mexico-Canada Agreement (USMCA) concerning dairy market access. In January, a USMCA dispute resolution panel initiated by the …
Approximately $6 Billion Provided to Commodity and Specialty Crop Producers Impacted by Natural Disasters
First Wave of Payments Based on Crop Insurance Data (WASHINGTON, May 16, 2022) — The U.S. Department of Agriculture (USDA) announced that commodity and specialty crop producers impacted by natural disaster events in 2020 and 2021 will soon begin receiving emergency relief payments totaling approximately $6 billion through the Farm Service Agency’s (FSA) new Emergency Relief Program (ERP) to offset crop yield and …
New Cotton Crop Could Bring Strong Prices
Across the Southeast, planting of the 2022 cotton crop continues to move along like normal. And while some cotton growers in other areas of the country have been struggling to plant the new crop, Gary Crawford reports this year’s cotton crop has a pretty good outlook when it comes to price. Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2026FL Cattle Enhancement …
Record Fuel Prices in Florida
(TALLAHASSEE/NSF/May 13, 2022) — Gas prices in Florida are at an all-time high, up seven cents per gallon since yesterday, and 28 cents higher than one week ago. According to Triple A Auto Club, the average cost of a gallon of regular unleaded fuel in Florida is now four dollars and 47 cents per gallon, which is four cents higher …
Peanut Market Remains Quiet
With the 2022 peanut crop being planted, the market remains quiet. Tyron Spearman reports some farmers are planting without contracts. Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2026FL Cattle Enhancement Board Wraps up Funding YearJune 30, 2026Florida Cattle Enhancement Board Awarded Researcher Discusses New World Screwworm OverviewJune 19, 2026Verdant Robotics Offers Growers Targeted Application of Herbicides or Beneficials through SharpShooter™June 16, …
AEM Releases April 2022 Equipment Sales Numbers
Tractor and combine sales declined in April for the second month in a row, according to the Association of Equipment Manufacturers (AEM). U.S. total farm tractor sales fell 22.3 percent in April compared to 2021, while combine sales for the month declined 5.6 percent. Total farm tractor sales are now down 13.7 percent year-to-date, while combines are down 14.5 percent. …
Vilsack: ‘Don’t Lose Sight of Farm Families’
Agriculture Secretary Tom Vilsack made a plea to the Senate Ag Appropriations Committee in an effort to get help for the nation’s farmers and ranchers who are struggling. The committee met this week to review President Biden’s budget proposal for the Department of Agriculture. “I represented farmers during the 1980s as a small-town lawyer. I can tell you the pain. I can …
Beef Export Value Sets another Record
According to new data released by the U.S. Department of Agriculture (USDA) and compiled by the U.S. Meat Export Federation (USMEF), U.S. beef exports soared to another new value record in March. Pork exports that month were the largest so far this year, but well below the record-large totals posted in March 2021. Beef exports totaled 126,285 metric tons (mt) …