Farm Business - General
Meanwhile, service prices and the core index (which excludes food and energy) remain high, with the core CPI descending to 4.8%.
Osage, Iowa was able to raise enough money, without raising taxes, to build the Cedar River Complex, which features an indoor pool, fitness center, walking track, basketball courts, 600 seat theatre, museum and more.
With all the talk about artificial intelligence, there’s a new debate: is AI actually real or just a combination of Siri and other search databases? John Phipps addresses a U.S. Farm Report viewer’s skepticism.
Wednesday’s interest rate decision broke a streak of 10 straight meetings where the Fed announced higher rates. Officials say another half-a-percentage-point hike is likely yet this year.
The Inflation Reduction Act is the most significant climate legislation ever enacted. The package includes more than $19 billion to support USDA conservation programs, but the money won’t last forever.
The latest Ag Economy Barometer shows farmer sentiment has soured as crop prices have tumbled over the past month, but it’s not all gloom and doom. Strong working capital can help address the downturn in farm country.
Plenty of farmers started young, worked hard and found a path forward. Along the way, they learned from mistakes and celebrated successes. Farming is hard, but here’s why those who have taken the road say it’s worth it.
This comes amid word that Ukraine’s ag output is expected to decline by 36% this year, compared to 2021.
National enrollment in ag and related science majors at two-year institutions grew 41% in Fall 2021. The Community College Ag Advancement Act aims to give these students more industry opportunities.
Despite the positive sentiment, local community bankers report concerns about lower commodity prices, the ‘big bank mess’ and another potential rate hike in June by the Fed.
According to a person familiar with the matter, there is no certainty Viterra will be able to reach an agreement on the terms of a deal.
The rapid runup in land values caused farmland values to hit historic levels over the past two years. The dynamics are starting to shift, as input prices, interest rates and commodity prices are eating into outlooks.
The economic environment today is similar to the 1970s and into the mid-80s. Although we are not expecting a 1980s-style farm collapse, there are lessons and opportunities to gain from a milder version of the 1980s.
Michael Swanson says we’ve likely seen the peak for food inflation last summer. What drove the 14% food inflation since the COVID pandemic has been four factors: transportation, labor, shipping and packaging.
Lenders In the hearing seemed to agree on a boost to lending limits in USDA guaranteed loans as lawmakers ready for the next farm bill.
The reason for the shift is rooted in financial improvements, according to James Mintert, professor in the Department of Ag Economics at Purdue.
The “Wood Milk” ad— funded through MilkPEP —goal is to make people pause and question what they are consuming and the nutritional value of their choices.
In the biggest con in agriculture history, Anthony De Angelis stole over $1 billion, shook Wall Street to its core, humiliated big banking, embarrassed USDA, and ushered in the rise of Warren Buffet.
Here we go again. Some farmers and at least one farm-state lawmaker want to move back to payments based on planted and not base acres.
Art Johnson’s farm has been in the family for nearly a century. What was once a tobacco farm in Kernersville, NC, is now a thriving agritourism business that attracts up to 1,000 people each day during the spring.
Farmers are facing a headwind other than the weather heading into the spring planting sesaon. Credit is tightening as farmers finalize or renew operating notes or loans for capital purchases.
If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall.
The Fed hiked rates 25bps at last week’s FMOC meeting and indicated it will stay the course. So why are forward yields (1 year through 30 year still lower, suggesting Fed easing?)
On March 22, there will be the next Federal Interest Rate Decision; 75% probability of a quarter percentage point increase to a range of 4.75% to 5.00%
STB Chairman Martin Oberman hosted a press conference—the first of its kind that he said anyone could remember—to explain more behind the decision, which approves the first major merger in 25 years.
Total land in farms decreased 1.9 million acres to 893,400,000 acres in 2022 versus 2021. Here is other noteworthy farmland data, courtesy of USDA’s Farms and Land in Farms 2022 Summary.
Skeptic, heretic, eccentric, disruptor—Roy Pfaltzgraff pleads guilty to all. “People think I’m crazy. They’re right, I am crazy, but I’m also the owner of a farm that is working great.”
Easton Corbin is no stranger to agriculture. Growing up in Florida, raising and showing cattle was engrained from the start, as was FFA. The Florida farm kid, instead, attending college majoring in Agriculture Business
FBN has new leadership as Amol Deshpande will step down as CEO effective Feb. 28.
The drop in natural gas and fertilizer prices is very noteworthy, while equity markets have begun the year higher.