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Harvest results in Nebraska are understandably disappointing with some of the driest conditions during the season since the drought of 2012.
Farmland is still going for record amounts. Just look at this recent sale in Iowa. In Plymouth County, Iowa, a new record was set to the tune of $26,250 per acre.
Rising prices are impacting every aspect of the food and agriculture supply chain and that may not change dramatically through the balance of 2022 according to the Federal Reserve Banks of Minneapolis and Kansas City.
Global inflation will likely decrease to 6.5% in 2023 and to 4.1% by 2024, according to the International Monetary Fund (IMF) forecast.
Viterra—The Agriculture Network operates in more than 37 countries with 180+ storage facilities, 30+ processing facilities, 25 port terminals and transport assets and 17,000 employees.
A labor strike along U.S. railroads is still a possibility after the third-largest railroad union rejected a tentative labor agreement this week. The agreement had the support of the White House.