Smithfield Foods will close its Charlotte, North Carolina pork-processing plant and transfer production to its Tar Heel, North Carolina facility. The company says the move is to increase efficiency and better utilize existing capacity, and comes as the company faces “abundant supplies and soft demand” weighing on pork prices. The company will provide financial and other transition assistance to the …
Trade Watching for New Numbers
A variety of new numbers are coming out Thursday. Mark Oppold notes traders will be watching some of those new reports. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Global Food Security Issues Rising
There is a lot of uncertainty due to the rising issue of global food insecurity. 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
Farmers Recovery Center Venue Relocated from Cross City to Fanning Springs
(USDA-FEMA-FL/Wednesday, Oct. 10, 2023) — On Wednesday, Oct. 11, from 9 a.m. to 3:00pm, a Farmers Recovery Center that was originally scheduled at the Dixie County Public Library at 16328 SE US-19 in Cross City will be relocated to the Suwannee River Fair Pavilion at 17851 NW 90th Ave, Fanning Springs. This is to accommodate a larger space due to …
Weakening Crop Prices and High Production Costs Weigh on Farmer Sentiment
Agricultural producers’ sentiment declined for the second month in a row during September. The Purdue University-CME Group Ag Economy Barometer fell nine points to a reading of 106. Producers expressed concern about both their current situation as well as future prospects for their farms. The Current Conditions and Futures Expectations Indices both declined ten points in September, leaving the Current …
AFBF Says Turkey Prices Down
With the holidays just around the corner, prices are less foul on a popular bird. That’s coming up on This Land of Ours. The cost of purchasing a turkey could be lower this Thanksgiving, thanks to a drop in avian influenza cases and a recovery of the turkey population in the United States. American Farm Bureau Federation (AFBF) economists analyzed …
Various Issues Affecting the Grain Trade
As harvest progresses, there are a few issues affecting the grain trade. Mark Oppold explains what is happening. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
New Crop Insurance Program for Controlled Environments
There’s a new crop insurance program, for a different kind of agriculture. That’s coming up on This Land of Ours. The USDA is announcing a new crop insurance program designed for agricultural producers using controlled environments in their operations. The new Controlled Environment Program from the Risk Management Agency is specifically for plants grown in fully enclosed environments and provides …
Lower Path Ahead for Many Markets
The path ahead doesn’t look good for many markets right now. Mark Oppold explains why. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farm Real Estate Market Holding Steady
The farm real estate market is holding steady. That’s coming up on This Land of Ours. As combines roll into fields this fall, there is a renewed sense of optimism when looking at the real estate market. The current state of the ag land market is resilient, and the demand for high-quality farmland remains strong in the face of higher …