Peanut Ground Inoculation and Beef Sales to China Down
From the Ag Information Network, this is your Agribusiness Update.
**One of the most important jobs a peanut farmer can do to ensure good yields is to use inoculation for nitrogen fixation in both old ground and new.
David Jordan, North Carolina State University Extension peanut specialist, emphasized that there’s no substitute for successful inoculation in new peanut ground.
Jordan stressed that with longer rotations in place and some expansion to new ground, making sure inoculants perform well is very important.
**U.S. beef sales to China took a dive, according to U.S. government data, after Beijing allowed the expiration of registrations that had permitted exports from hundreds of American meat facilities.
A tit-for-tat tariff dispute has also raised duties on U.S. meat and other goods shipped to China, making the products less attractive to Chinese buyers.
This adds new strains to relations between the countries that had reached historic lows in recent years.
**With spring planting season upon us, farmers are closely monitoring nitrogen fertilizer prices, which have been volatile in recent years.
Since 2020, fertilizer constituted 33 to 44% of corn operating costs and 34 to 45% of wheat operating costs, according to the USDA.
After steady increases in recent years, this year’s prices appear to have somewhat stabilized but are still subject to market changes resulting from shifts in fertilizer supply, demand, and trade conditions.
www.agrimarketing.com/s/153139
