american soybean

House Agriculture Committee Hearing on Supply Chain Disruptions

Dan Legislative, Soybeans

The House Agriculture Committee will hold a hearing on supply chain issues on Wednesday, November 3. The hearing, titled “The Immediate Challenges to our Nation’s Food Supply Chain,” will address the wide-ranging supply disruptions in the U.S. food and agricultural sectors. The American Soybean Association led the effort for members of the Ag CEO Council to highlight agricultural supply chain …


USDA’s New Projections for Corn, Soybeans, Cotton and Oranges

Dan Citrus, Corn, Cotton, Crop Forecasts, Soybeans

According to the U.S. Department of Agriculture’s (USDA’s) October crop estimate, both corn and soybean production is up from the September estimate. But a story from Gary Crawford notes it is a different story for cotton. According to USDA, the U.S. season-average corn price received by producers is unchanged at $5.45 per bushel. The season-average soybean price for 2021/22 is forecast …


New USDA Crop and Livestock Reports Coming

Dan Cattle, Citrus, Corn, Cotton, Field Crops, Fruits, Livestock, Peanuts, Soybeans, Specialty Crops, USDA, USDA-NASS, Vegetables, Wheat

Traders are anxiously awaiting USDA’s next round of reports which should give us a better idea of the size and market prospects for the major crops. And as Gary Crawford reports, USDA will also release revised forecasts for the livestock sector. USDA will release the new round of crop and livestock forecasts on Tuesday, October 12, noon EDT.


NASS Reviewing Acreage Earlier for Certain Crops

Dan Corn, Cotton, Field Crops, Peanuts, Soybeans, USDA-NASS

The USDA National Agricultural Statistics Service (NASS) announced Wednesday it will review planted and harvested acreage for select crops earlier than normal. The crops under review include corn, cotton, peanuts, rice, sorghum, soybeans and sugarbeets. NASS will review all available data, including survey data, satellite-based data, and the latest information from USDA’s Farm Service Agency and Risk Management Agency. They …


Disease Issues in Alabama Corn and Soybeans

Dan Alabama, Corn, Soybeans

A combination of the rain, heat and humidity has been a recipe for diseases in the many row crop fields. Alabama Cooperative Extension System Plant Pathologist, Edward Sikora, recently said foliar diseases have become more prevalent on soybeans during the last several weeks. Sikora said the weather is mostly responsible for the higher levels of foliar disease pressure. He said approximately 80 …


Vilsack and Tai to Meet with USDA Ag Policy Committee

Dan Beef, Cattle, Citrus, Corn, Cotton, Dairy, Equine, Field Crops, Fruits, Grapefruit, Hemp, Lemons, Livestock, Marketing, Orange Juice, Peanuts, Pork, Poultry, Rabbits, Sheep-Goats, Soybeans, Specialty Crops, Trade, Tree Nuts, Vegetables, Wheat

Agriculture Secretary Tom Vilsack and U.S. Trade Representative Katherine Tai will meet with the Agricultural Policy Advisory Committee Friday. Topics include current and new trade deals, trade agreement implementation and concerns within the agreements. The committee, managed by the Department of Agriculture and the U.S. Trade Representative’s office, offers advice on U.S. trade policy. The committee consists of six technical …


Corn, Soybean Producers Benefit from U.S. Red Meat Exports

Dan Beef, Cattle, Corn, Exports/Imports, Soybeans

There is a new study out which shows how corn and soybean producers are benefiting from U.S. red meat exports. Both U.S. beef and pork exports brought critical returns to the corn and soybean industries in 2020. The independent study, conducted by World Perspectives, Inc., was released by the U.S. Meat Export Federation (USMEF). And it shows U.S. beef and pork …

capital gains tax

AFB President Disputes Administration Claims on New Capital Gains Tax

Dan Corn, Field Crops, Legislative, Regulation, Soybeans

American Farm Bureau President Zippy Duval pushed back against the Biden administration’s stance that most small family farmers will escape a proposed capital gains tax to replace the so-called “stepped-up basis.” Duval disputed the claim that a $2 million per couple exclusion on the gain on farm assets and that passed onto children, will let most off the hook on …