The USDA gives a boost to the food supply chain. That’s coming up on This Land of Ours. Ag Secretary Tom Vilsack announced that the USDA has awarded over $270 million to date through cooperative agreements with state departments of agriculture to build resilience across the middle of the food supply chain and strengthen local and regional food systems. The …
Updating Data Ahead of Outlook Forum
USDA’s Outlook Forum is coming up this week. Mark Oppold looks at how data being compiled may affect the corn and soybeans markets, and also where things stand with quarterly livestock price projections. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
CoBank: Lack of Heifers May Limit Milk Production Growth
According to a new report (.pdf) from CoBank, a sharp decline in the number of dairy heifers available to replace older cows exiting the U.S. dairy herd could limit meaningful growth in milk production. The number of dairy replacement heifers has fallen almost 15 percent in the last six years to reach a 20-year low. While the global demand outlook …
Record Income Drop Expected, What Can Farmers Do?
Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. How bad is it, and what can farmers do? That’s coming up on This Land of Ours. Income is estimated to be nearly $40 billion lower this year compared to 2023, down more than 25%. American Farm Bureau Federation economists analyzed the latest USDA data …
Lack of Direction for the Grain Trade
There really aren’t many reports helping with the direction of the grain trade right now. Mark Oppold has more details. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Market Prices, Input Costs, Pushing Expectations Lower
Farmer sentiment took a downturn at the start of 2024 as the January Purdue University-CME Group Ag Economy Barometer Index fell to a reading of 106, eight points below a month earlier. Compared to year-end, producers had a more negative outlook of their farms’ current situation along with a weakened outlook for the future. The Current Conditions Index fell nine …
Grocery Prices Staying Higher
A look at the higher prices in grocery stores. That’s coming up on This Land of Ours. Many grocery prices remain high and could go even higher according to the American Farm Bureau Federation (AFBF). AFBF Economist Bernt Nelson says input costs and general inflation are among the main culprits. “Across the board, with our grocery prices, we’re still seeing …
Tracking the Energy Market
As we get closer to spring planting time, Mark Oppold takes a look at what is happening in the energy market. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Final Payments to be Issued to Producers Impacted by 2020 and 2021 Natural Disasters
(USDA-FSA/WASHINGTON/Feb. 6, 2024) — The U. S Department of Agriculture (USDA) is issuing final Emergency Relief Program (ERP) payments totaling approximately $306 million to eligible commodity and specialty crop producers who incurred losses due to natural disasters in 2020 and 2021. USDA’s Farm Service Agency (FSA) will begin issuing these additional payments to eligible producers this week. “In the natural disaster recovery …
January 1 Sheep and Lambs Inventory Down 2%
USDA’s Sheep and Goat’s report released last week shows all sheep and lambs inventory in the U.S. on January 1, 2024 totaled 5.03 million head, down two percent from last year. Breeding sheep inventory at 3.67 million head on January 1, 2024, decreased two percent from 3.74 million head in 2023. Ewes one-year-old and older, at 2.87 million head, were …