U.S. pork exports to Mexico hit the second-highest on record in January, while another major meat processor says it's shutting the doors on another pork processing plant as consolidation concerns continue to grow.
Spray drones are growing more ubiquitous and more scalable across agriculture. One company has unlocked the ability to deploy three at once and it’s a Smart Farming game changer.
The 2022 Census of Agriculture continues the trend of declining number of farms and increasing average age of farmers. I also shows mixed results in terms of farmers adopting conserving agricultural practices.
USDA announced more money to be paid to farmers who had qualifying disasters in 2020 and 2021. These payments will only be paid to farmers who collected payments under Phase 1 not Phase 2.
If the act passes, the major item that applies to farmers is that 100% bonus depreciation is allowed on 2023 returns. Therefore, farmers might want to wait to file their return until sometime in February.
Major disruptions to shipping through the Panama and Suez canals, occurring for very different reasons, are contributing to the recent spike in ocean freight rates.