Many thought we would see interest rate cuts fairly soon, but according to Mark Oppold, it will be a bit longer before that happens.
Alabama to Texas Hay Relief Effort Update
(ADAI/MONTGOMERY, AL/April 2, 2024) — Two weeks ago, the Alabama Department of Agriculture & Industries (ADAI) launched an effort to provide hay for Texas cattle producers who suffered catastrophic losses from the recent wildfires in the Texas panhandle. ADAI partnered with the Alabama Cattlemen’s Association (ACA) and the Alabama Trucking Association (ATA) to help gather and transport hay for cattlemen in …
Crop Progress Reports Start
Crop progress reports from the USDA have started for the new crop year, something Mark Oppold notes many traders will follow closely.
Global Ag Land Shift over Six Decade Period
Where the world’s farms are located has shifted over time per a recent USDA study on trends of global agricultural production over the past six decades. Rod Bain has more coming up on This Land of Ours.Listen to USDA Rod Bain’s program here. Bain: Among the findings of a recent USDA study on transformation of agricultural production progression and shift …
Tracking Various Agricultural Commodities
Now that we’ve wrapped up the month of March, Mark Oppold looks at how some of the agricultural and energy commodities have done the first three months of 2024.
Georgia Peanut Commission Approves Funding for FY 2024-2025 Research Projects
(GPC/TIFTON, GA) — The Georgia Peanut Commission (GPC) board of directors has approved $791,639 in research project funding for the 2024-25 research budget year. This action was taken during the commission’s March board meeting. The research projects include 40 project proposals submitted from the University of Georgia, Abraham Baldwin Agricultural College and the U.S. Department of Agriculture Agricultural Research Service. …
17 Georgia Counties Designated as Primary Natural Disaster Areas Due to Severe Drought Conditions
(USDA-FSA/ATHENS, GA/Mar. 28, 2024) — On March 25, 2024, the United States Department of Agriculture (USDA) designated 17 Georgia counties as primary natural disaster areas. The Secretarial natural disaster designation allows the Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. “Our agency stands committed to providing support to our agricultural …
Cattle Futures Seeing Pressure
Since the March Cattle on Feed Report came out last Friday, live and feeder futures have been seeing some pressure. Mark Oppold has a look at what traders are seeing.
Grain Traders Waiting on New Report
Grain traders have been keeping an eye on various issues, and according to Mark Oppold, that includes a report coming out Thursday.
Legislation Sets Fairer Prices for Livestock Assistance
Legislation has been introduced in the U.S. Senate that would offer producers fairer market prices for livestock disaster assistance programs. The Livestock Indemnity Program (LIP) Improvement Act would require the Farm Service Agency (FSA) to make quarterly updates to the Livestock Indemnity Program payment rates that reflect livestock market prices. The LIP provides payments to eligible livestock owners and contract …