Some Food Prices Rise in April

Dan Economy, Field Crops, Fruits, Specialty Crops, This Land of Ours, Vegetables

Some food prices are creeping up again. That’s coming up on This Land of Ours. The United Nations Food and Agriculture Organization reports that food prices rose in April for the first time in a year. The organization says the increases stem from higher sugar, meat, and rice prices. The Food Price Index, which tracks the international prices of commonly-traded …

Farm Sector Real Estate Debt Hits Record High

Dan Economy, USDA-ERS

New data from USDA’s Economic Research Service shows farm sector debt tied to real estate is expected to be at a record high of $375.9 billion in 2023. Farm sector real estate debt has been increasing continuously since 2009 and is expected to reach an amount that is 87.5 percent higher in 2023 compared with 2009 in inflation-adjusted dollars. Real …

Ag Economy Barometer: Farmer Sentiment Improves

Dan Agri-Business, Economy

Farmer sentiment improved modestly in April as the Purdue University-CME Group Ag Economy Barometer reversed a two-month decline, up six points to 123. The Current Conditions Index rose three points to 129, while the Index of Future Expectations rose seven points to 120. More producers expect prime interest rates to either hold steady or possibly decline during the next 12 …

Preparing For Another Interest Rate Hike

Dan Agri-Business, Economy

Wall Street is preparing for another interest rate hike from the Fed. Mark Oppold has more details. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024

Additional Assistance for Farm Loan Borrowers

Dan Agri-Business, Economy, Funding, This Land of Ours, USDA-FSA

There’s more assistance on the way for some farm loan borrowers. That’s coming up on This Land of Ours. The U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) announced, on May 1, 2023 (see below News Release), that nearly $130 million in additional, automatic financial assistance has been obligated for qualifying farm loan program borrowers who are facing financial …

World Bank: Commodity Prices to Drop Through 2024

Dan Agri-Business, Commodities, Economy, Field Crops, This Land of Ours

Look for a drop in commodity prices through next year. That’s coming up on This Land of Ours. Global commodity prices are expected to drop this year at the fastest clip since the beginning of COVID-19. A World Bank report says that clouds the prospective growth of approximately two-thirds of the developing economies that depend on exports. The Commodity Markets …

Cotton Futures Trying to Rebound

Dan Commodities, Cotton, Economy

Cotton futures saw some low territory recently, but as Mark Oppold reports, indications are they are trying to rebound a bit. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024

Florida Farmers Challenge Feds Over Wage Rule

Dan Citrus, Economy, Field Crops, Florida, Fruits, Labor and Immigration, Specialty Crops, Vegetables

(NSF/TALLAHASSEE/April 25, 2023) — Warning about a “looming disaster,” Florida farmers and agriculture groups have filed a lawsuit seeking to block a new federal rule about wages for farmworkers. The lawsuit, filed Friday in federal court in Tampa, centers on a minimum wage related to temporary farmworkers coming into the United States under what are known as H-2A visas. The …