Many eyes are on the stock market this week after a run of higher closes. But as Mark Oppold reports, this is a heavy earnings week. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
CoBank: U.S. Economic Slowdown Likely Ahead
The U.S. economy continues to defy gravity and remains strong despite lingering inflationary pressures, higher borrowing costs and a barrage of other headwinds. However, looming risks to the economy are increasing in number and size. CoBank’s Knowledge Exchange says the full impact of monetary policy actions–raising interest rates, quantitative easing and contracting the money supply–have yet to be felt. Those …
Good July for Most Agricultural Companies
Most agricultural companies have enjoyed a good July to this point. But as Mark Oppold reports, that’s not the case for the year thus far. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Turkey Production Up, Prices Down
Instead of Christmas in July, how about Thanksgiving in July? That’s coming up on This Land of Ours. Forecasts for turkey production are up. Price forecasts are down. Gary Crawford reports. I noticed a number of radio stations and TV channels are doing Christmas in July programming so I decided to try Thanksgiving in July taking a look at that …
U.S. Consumers’ Food Spending Hit Record High in 2022
Consumers spent a record amount on food last year. That’s coming up on This Land of Ours. New data from USDA’s Economic Research Service (ERS) shows consumer spending on food reached a record in 2022. Real, or inflation-adjusted, annual food spending in the United States increased steadily from 1997 to 2022, except in 2008 and 2009 during the Great Recession …
Tracking Cotton Futures
Today, Mark Oppold has a look at cotton futures and what traders are anticipating. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
ASI Applauds Support for Checkoffs
The American Sheep Industry Association (ASI) welcomed last week’s news that Rep. Barry Moore of Alabama introduced a resolution in support of checkoff funds, such as the American Lamb Board. “Checkoff programs have made significant, measurable strides in raising the level of demand and awareness for our farmers, ranchers and foresters’ products,” said Moore. “This resolution expresses congressional support for checkoffs due …
High Production Costs Won’t Ease Next Year
USDA’s first cost of production forecast for major field crops like corn, soybeans, wheat, cotton, rice, and others shows that input costs are expected to remain elevated into the next growing season. The costs will likely be at the third-highest level of all time and only slightly lower than the record high in 2022. While some input costs like fertilizer …
Looking Forward to August Crop Report
We mentioned yesterday that weather is top of mind right now for grain traders. And as Mark Oppold reports, many are also already looking forward to the monthly crop report coming out in August. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Land Sales Slowing, Prices Remain High
Ag land sales are slowing but the prices are staying high. That’s coming up on This Land of Ours. The agriculture real estate market entered a period of de-escalation beginning in the fourth quarter of 2022. The market experienced a reduction in both sales volume and value growth since that time, as interest rates increased, and inflation pressures became more …