Supply Chain
After months of negotiation, the House passed the $1.2T infrastructure Bill. With $550 billion in new spending, from roads and bridges to a boost to broadband, we look into what’s in the bill for agriculture.
CF Industries said a shortage of nitrogen fertilizer means the world could see a reduction in global crop yields next year. With fertilizer prices continue to race higher, what’s the cure? Ag economists weigh in.
If you walk into the grocery store today, the average American will fork over $7 per pound for bacon. The record prices may not be over yet, but pork producers aren’t winning with the run-up in bacon prices, either.
Helm is highlighting three strategic product developments it has made that has it as a willing and ready supplier right now for ag retailers and farmers.
U.S. tractor maker Deere & Co agreed on a new six-year contract with the United Auto Workers (UAW) union that would be subject to a vote by the company’s striking workers, the company said in a statement on Saturday.
Input prices continue to climb in the U.S. with some farmers fearing they may not even be able to source enough glyphosate and glufosinate for next year. But the situation may be even worse for farmers in Brazil.
Supply chain issues are becoming one of the biggest concerns for agriculture, and some economists say as the bottlenecks reach a critical point, it could take at least a year to remedy chaos in the global supply chain.
Positive demand news late in the week meant soybean prices tried to recover from the double digit losses after the USDA reports. And it’s more than price that could have the final say in the 2022 acreage debate.
Case IH-New Holland Parent Company Forced to Idle Production in EU Due to Shortage of Semiconductors
CNH Industrial announced this week its temporarily shutting down several of its European manufacturing plants that produce agricultural equipment. CNH says it plans to shut down the facilities for eight days this month.
The lack of key components brings disruption at the absolute worst of times. Missing the window of opportunity to upgrade or add to technology now may very well have decades worth of repercussions.
Port officials say strong American consumer demand has continued unabated for more than a year, as the Port of Los Angeles has seen a 30% increase in cargo volume so far this year, while exports fell 23% in August.
There doesn’t appear to be much price relief on the horizon. Product availability could be limited as well, based on what China and Europe are experiencing.
Leaders the world’s largest input companies report material and freight costs continue to be high and farmers should expect prices to be up in 2022.
The fertilizer industry is swarmed with Black Swan events. From the impacts of Hurricane Ida to political issues entangled in a cobweb of production slowdowns in Europe and China, prices could surpass 2008 highs.