The Federal Reserve did raise interest rates again this week, and according to Mark Oppold, the outlook is for a weaker economy next year. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024
Rabobank: Fertilizer Prices Lower in 2023
Fertilizer consumption suffered in 2022 due to market volatility and record-high prices. However, a new Rabobank report says a recovery in consumption is possible in some regions next year, with fertilizer prices lowering and commodity prices at historically high levels. “The affordability index’s moving average is trending lower as fertilizer prices are returning to pre-Ukraine War levels,” says Rabobank. “For …
More Interest Rate Hikes Expected
After the fed increased interest rates again, more hikes are expected into next year. Mark Oppold looks at that, and where some energy markets stand at this time. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024
Florida Senate Passes Property Insurance Overhaul
(NSF/TALLAHASSEE, FL/December 14, 2022) — The Florida Senate on Tuesday overwhelmingly passed a bill aimed at shoring up the troubled-property insurance system by curbing lawsuits, injecting tax dollars into reinsurance coverage and trying to shrink the state-backed Citizens Property Insurance Corp. The Republican-dominated Senate voted 27-13 largely along party lines to approve the bill (SB 2-A), which is expected to …
Sales of Combines, 4WD Tractors Grow Despite Overall Losses in November
U.S. combine harvester sales remained positive in November, joined by 4-wheel drive tractors. That was despite total tractors sales falling for the month. According to the latest data from the Association of Equipment Manufacturers (AEM), total farm tractor sales fell 20.8 percent compared to November 2021, with the sub-40hp segment leading losses at 27.9 percent. But, year-to-date (YTD) numbers show 100+hp units …
NRCS Encourages Producers to Attend Upcoming RMA Workshop
Southeast AgNet’s Randall Weiseman talked to USDA Risk Management Agency (RMA) Administrator Marcia Bunger, and the virtual event coming up next Tuesday. The U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS) encouragesproducers and industry leaders to attend an upcoming virtual workshop about the Whole-Farm RevenueProtection (WFRP) and Micro Farm insurance options, scheduled for Tuesday, Dec. 13 at 11 …
Farmer Sentiment Unchanged Despite High Costs, Rising Interest Rates
There wasn’t much movement in the November Purdue University/CME Group Ag Economy Barometer. The index read 102 for the month, unchanged from October. However, the Current Conditions Index dropped three points to 98, while the Future Expectations Index rose two points to a reading of 104. Even though producer sentiment was the same in November, producers are continuing to look …
Farm Income Rising
USDA projects 2022 calendar year net farm income up nearly $20 billion, or 13.8 percent from 2021. American Farm Bureau Federation Senior Economist Veronica Nigh explains what is driving the increase. “Predominantly, this is a price play with 97 percent of that increase in cash receipts attributable to increases in price. Now, it’s not just all inflation either, because when …
Congressional Vote on Rail Strike a Welcome Development
(NCGA/November 30, 2022) — The U.S. House of Representatives voted to block a national rail strike that would have dire consequences for the nation’s economy. The vote comes as the country continues to struggle with supply-side issues and problems with key transportation hubs, including low-water levels along the Mississippi River. The National Corn Growers Association said the vote was a …
Farm Share of U.S. Food Dollar Reached Historic Low in 2021
U.S. farm establishments received 14.5 cents per dollar spent on domestically produced food in 2021—a decrease of 1.0 cent from a revised 15.5 cents in 2020. The figure is the lowest recorded farm share value in nearly three decades, according to USDA’s Economic Research Service. The remaining portion of the food dollar—known as the marketing share—covers the costs of getting …