Tax Reform, Crop Yields, Commodity Prices

Dan Economy, Farm Bill, Industry News Release

There’s lots of talk about tax reform, crop yields, and commodity prices these days, but little about a 2018 farm bill. And it now appears formal writing of a new farm bill may have to wait ‘til next year. Earlier in the year, there was lots of talk about a new farm bill. That was August. Two months later, Democrat Debbie …

Lower Commodity Prices Dragging Farm Optimism

Dan Industry News Release

Lower commodity prices in August pushed farm economy optimism lower, according to the Purdue-CME Group Ag Economy Barometer released this week. The barometer drifted lower in August to 132 points, down seven points from July, but still stronger than the year ago level of 96. A reading over 100 indicates optimism regarding the farm economy, while a reading below indicates …

Ag Lender Survey: Farm Profitability Down, Commodity Prices Top Concern

Dan Economy, Industry News Release

ABA and Farmer Mac release first biannual survey of agricultural lenders Nearly 90 percent of agricultural lenders have seen an overall decline in farm profitability in the last 12 months, according to a joint survey by the American Bankers Association and the Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A). The survey of more than 350 agricultural lenders …

11 Dollar Soybeans Possible

Dan Soybeans

An Ag Web Dot Com article says gains in other commodities have convinced at least one analyst that $11 soybeans are possible, even with an average 2017 crop. John Payne of Daniels Trading says other markets like copper, cotton, and oats to a certain extent, have risen.