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Steven Ebeling admits farming in West Texas is never easy, but 2022 has been a brutal blow with the majority of the dryland acres already counted as a total loss, and irrigated acres are now struggling to survive.

Warning signs about the health of the general economy are blaring, but Farmer Mac’s summer issue of “The Feed” shows why ag lenders are in a better financial position to help farmers weather the higher costs.

U.S. estimates show global wheat levels are stockpiled at 33% of annual consumption. Gro Intelligence says the world’s numerous economic crises prove government estimates are “not adding up.”

For the first time since the war started, a Ukrainian ship carrying grain left port. The UN says the Razoni was carrying 26,527 MT of corn. The vessel was stuck in port since Feb. 18, before the start of the war.

U.N. aid chief Martin Griffiths said on Thursday that grain shipments from Ukraine could resume as soon as today but that details of the exact coordinates of shipping routes were still being finalized.

Heavy Russian strikes hit the southern Ukrainian port city of Mykolaiv overnight and early on Sunday, killing the owner of one of the country’s largest grain producing and exporting companies, the local governor said.

“I feel like every day is one day closer to having the President declare a climate emergency,” says Newlin. “Once that happens, I don’t know what it will mean for ag, or what it’s going to open up the door to.”

The Commerce Department put out its second quarter GDP data this week, showing the U.S. economy shrank from April through June.

From 2001 to 2016, the U.S. lost or compromised 2,000 acres of farmland and ranchland every day. If that trend continues, and another 18.4 million acres is converted between 2016 and 2040.

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