USDA’s Economic Research Service (ERS) released its annual Farm Sector Income Forecast Report for 2023 which shows lower net farm income this year. Ag Secretary Tom Vilsack says while net farm income will drop below the record high in 2022, it’s one of the best years on record for the overall farm sector at $151.1 billion. “In fact, net cash …
Tracking Various Agricultural Commodities for the Year
Last week Mark Oppold talked about various agricultural commodities and how November was not a very friendly month for many of them. Today he looks at how they’ve performed so far this year. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Optimism in Christmas Tree Industry
There’s optimism about the future of the Christmas tree industry. Gary Crawford has more coming up on This Land of Ours. Ten to fifteen years ago Christmas tree growers were worried about the long-term future of their industry. Today that worry is changing into optimism. It seems more and more people are telling us that they are done with artificial …
Many Agricultural Commodities Struggle in November
Like the past couple of months, November was not a very friendly month for many of the agricultural commodities. Mark Oppold looks at how trading did this past month. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Most States Saw Growth in Net Farm Income During 2022
The U.S. saw growth of almost 31 percent in net farm income from 2021 through 2022. NFI is a broad measure of farm sector profitability. Researchers with USDA’s Economic Research Service (ERS) used data from the Farm Income and Wealth Statistics to classify states into six categories of NFI changes. The five agricultural states with the highest NFI include Texas, …
Watching the Corn and Soybean Trade
Grain traders are watching both corn and soybean futures this week. Mark Oppold notes that despite the lack of lack of fresh news, there has been some movement. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Jury Rules that Egg Producers Conspired to Fix Prices
A case of a price-fixing conspiracy from over a decade ago is finally decided. That’s coming up on This Land of Ours. An Illinois jury found that several of the country’s major egg producers conspired to limit America’s supply of eggs in order to raise prices in a case that began in a federal lawsuit 12 years ago. Several large …
Peanut Market Update
With peanut harvest winding down, Tyron Spearman provides on update on what is happening with that market right now. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Ag Trade Somewhat Limited This Week
Grain and livestock trading is somewhat limited this week due to a lack of fresh news. 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
Deere Fourth-Quarter Sales Drop Slightly
Deere & Co. sales in the fourth quarter of fiscal year 2023 fell year-over-year, though the earnings per share did increase. The company says in a report that revenue in the three months ending on September 30 was reported at $15.41 billion, one percent lower than the same quarter last year. The equipment manufacturer also says earnings rose to $8.26 …