Reduced domestic and international demand for pork is hitting Tyson Foods, one of the nation’s top pork producers. The Arkansas-based meatpacker reported this week that the company earned approximately $25 million from its pork business for the three months ending on July 3. That’s about 63 percent lower than the same quarter in 2021. The company reports that China, the …
Food Prices Post Biggest Drop Since 2008
Food prices continue to drop. That’s coming up on This Land of Ours. Global food prices fell by the biggest amount since 2008 due to easing concerns over the supplies of grains and vegetable oils as Ukraine restarted its exports. The United Nations world food cost index dropped almost nine percent in July. Bloomberg says the index is at its …
No Signs of Slowing Down on Interest Rate Hikes
There are no signs by the Fed about slowing down with hiking interest rates. Mark Oppold reports there is more work that needs to be done to curtail inflation. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024
Land Prices Continue to Set New Records
The sale prices for good cropland in rural America continue upward, reaching new high points in many states. Farmers National Company says the “record” sale prices continue to capture headlines, but there has generally been continued strength in the land market, with good cropland attracting the most attention from buyers. “The upcoming months will set the trend in land prices,” …
Discussion on Higher Input Costs
Taking a wider look at higher ag input costs. That’s coming up on This Land of Ours. American Agri-Women hosted the Global Food and Energy Supply Conversation recently to respond to member interest in rising input and food costs. AAW President Heather Hampton+Knodle, moderated the event. “As farmers and ranchers, we find ourselves grappling with this market price volatility and …
Farmer Sentiment Rises in July
The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose six points in July to a reading of 103. Producers were somewhat more optimistic about both their current and future economic conditions on their farms compared to June. Even though there was a slight increase in optimism, there’s still a lot of uncertainty in the agricultural economy. Key commodity …
Congress Noting U.S. Ag Farmland Being Purchased by Investors
More and more acres of farmland across the U.S, is being purchased by investors. As Mark Oppold reports, Congress is taking note of this fact. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024
Survey: Consumers Rely on Chicken Even as Inflation Affects Prices
A new survey presented by the National Chicken Council (NCC) and WATT Global Media shows while consumers average rating for their current financial situation is in the middle between “poor” and “excellent,” 87 percent are buying more or the same amount of fresh chicken now compared to six months ago. The study, presented this week during the 2022 Chicken Marketing Summit in …
USDA Says Rising Food Prices Could Ease in 2023
Could we see lower food prices next year? That’s coming up on This Land of Ours. The all-items Consumer Price Index increased 1.4 percent from May to June and is 9.1 percent higher than in June of last year. USDA once again raised its consumer food price inflation forecast from 8.5 percent to 9.5 percent for 2022. In their first …
USDA Starts Issuing Payments for Spot Market Hog Pandemic
The USDA is increasing the amount of funding available for the Spot Market Hog Pandemic Program and expects to issue approximately $62.8 million in assistance payments to producers this week. SMHPP assists eligible producers who sold hogs through a spot market sale between April 16 and September 1 in 2020. “In order to provide more targeted support to hog producers …