What’s in a name? That depends when it comes to groceries. That’s coming up on This Land of Ours. https://www.shutterstock.com/image-photo/couple-shopping-groceries-supermarket-1606526392Most consumers appear to prefer brand-name beverages over generic or store-brand beverages. That’s according to the September 2023 Consumer Food Insights Report. The Purdue University College of Agriculture report further indicates that consumers make this choice even when presented with a …
Economists Discuss Additional Revenue Streams in Agriculture
Top agricultural economists answer the question of what the upcoming possibilities for new revenue streams for farmers are. The question was posed during the recent Agri-Pulse Ag Outlook Forum. National Corn Growers Association (NCGA) Lead Economist, Krista Swanson said a new type of aviation fuel is one stream. “Our market development action team recently had a study done and as …
Lower Projected Yields Could be Supportive
Lower projected yields from last week’s USDA crop reports could be supportive. 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
2022 Potato Production Down 3 Percent
The U.S. Department of Agriculture (USDA) Economics, Statistics, and Market Information System recently released the 2022 Potato Summary. The report presents potato estimates of acreage, yield per acre, production, farm disposition, season average price, value, and utilization of sales, including processing for the 2022 season. All potato production in 2022 totaled 399 million hundred-weight, down three percent from the 2021 …
Food Price Inflation Easing Down
Food price inflation is easing down into so-called “normal” levels. Gary Crawford has more in today’s This Land of Ours report. The new Consumer Price Index (CPI) shows that during September, prices for all items in the economy rose two-tenths of 1 percent, putting the inflation rate 3.7 percent higher than this time a year ago. However, for food at …
Ag Economics Expert on Recession Expectations
An ag economics expert weighs in on the nation’s financial state. Speaking at the recent Agri-Pulse Ag Outlook Forum, the head of RaboResearch Food & Agribusiness for North America, Roland Fumasi told attendees the nation’s economy could be heading into a recession. “But this is our House view. Right now. We are still expecting that the US will fall into …
Dairy Checkoff’s Pizza Partnerships Growing Cheese Sales
Increasing cheese sales through pizza. That’s coming up on This Land of Ours. A new dairy checkoff growth program with pizza partners is expected to drive a lot of additional cheese use during the rest of 2023. Paul Ziemnisky is Group EVP of Health and Wellness, Insights, and Innovation with Dairy Management Inc (DMI). He says the bulk of the …
4WD Tractor Sales Surge in Third Quarter
There was quite a surge in the sales of four-wheel drive tractors in the just ended third quarter. According to new data from the Association of Equipment Manufacturers (AEM), 100+hp 2WD tractors and 4WD tractors grew year-over-year here in the U.S. Both segments, along with self-propelled combines remain positive for the year. But the biggest overall growth among tractors was …
Crop Reports Could Affect the Grain Trade
The new crop reports could have some bearing on grain futures. Mark Oppold has more details on that, and also how third quarter earnings season is getting underway. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
HPAI Confirmed in South Dakota
The Animal and Plant Health Inspection Service (APHIS) confirmed this week that the first commercial case of highly pathogenic avian influenza (HPAI) was discovered in South Dakota. APHIS says the virus was confirmed in a commercial turkey flock of 47,300 birds on October 4. Another case was also recently confirmed in a small non-commercial flock located in Idaho. The Canadian …