Ag Lenders Worried About Farmers

Dan Economy, Industry News Release

Depressed commodity prices, poor weather, and trade war ramifications aren’t just worrying for the nation’s farmers. The second quarter Agriculture Credit Conditions Survey from the Federal Reserve Bank of Minneapolis says ag bankers are worried as well. The report, which covers April through June, says farm income, spending on capital equipment, and household purchases all decreased. Nearly half of the …

Trump: “Farmers Are Doing Well”

Dan Economy, Industry News Release

President Trump spoke recently during a Cabinet meeting at the White House, saying farmers are starting to prosper. However, a Bloomberg article says the numbers tell a different story. “I hear they’re starting to do well in spite of everything,” the President said during comments from the meeting. “They’re selling corn, they’re selling soybeans, they’re selling everything, at levels that …

Tractor, Combine Sales, Posting Strong Numbers

Dan Economy, Industry News Release

Overall U.S. sales of tractors and combines continued to post strong numbers, led by combines and four-wheel-drive tractors, according to the July 2018 report from the Association of Equipment Manufacturers. July U.S. sales of combines gained 37 percent compared to last year, with year-to-date growth of nearly 24 percent compared to last year’s January-July numbers. U.S. sales of four-wheel-drive tractors …

Dairy Revenue Protection Insurance Details

Dan Dairy, Economy

Last week, it was announced that local crop insurance agents will soon have a new product for dairy producers that covers unexpected declines in quarterly milk sales receipts. Risk Management Agency (RMA) Administrator Martin Barbre explains how the new Dairy Revenue Protection Insurance product will work. Dairy Revenue Protection Insurance Details Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers …

Global Food Prices Decline

Dan Economy, Industry News Release

Global food prices declined in July, according to the Food and Agriculture Organization of the United Nations. The Monthly Food Price Index averaged 168.8 points in July 2018, down 6.5 points , or 3.7 percent from June and 10.3 points from the corresponding period last year. The July decline marked the first significant month-to-month decrease in the value since December …

Farm Futures Survey: Farmer Support for Trump Slipping

Dan Economy, Industry News Release, Trade

A poll by Farm Futures shows support to Donald Trump from farmers is slipping. The survey found that 60 percent of farmers would vote for the president if the election were held today. That’s down from the 75 percent support level Trump received from growers in the 2016 election. Meanwhile, 24 percent said they would not vote for reelection and …

Available Soon – New Dairy Revenue Protection Insurance

Dan Dairy, Economy

Local crop insurance agents will have a new product for dairy producers this October – one that covers unexpected declines in quarterly milk sales receipts. Rod Bain has the details. Available Soon – New Dairy Revenue Protection Insurance Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

Doud Rips China, India Farm Subsidies

Dan Economy, Exports/Imports, Industry News Release, Trade, Wheat

The Chief Agricultural Negotiator for the U.S. is attacking both China and India for blowing past their World Trade Organization spending limits on farm subsidies that distort trade. “We think China has done in excess of $100 billion more in subsidies to its farmers than it was allowed to do,” Gregg Doug said at the American Sugar Alliance’s International Sweetener …

USDA Funds Designed to Help Farmers

Dan Economy, Trade

USDA did announced their program to help farmers hurt by trade disruptions last month. Tyron Spearman has more information. USDA Funds Designed to Help Farmers Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024