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Food Inflation Persists
Washington State Farm Bureau Report
Food costs continue to rise though more slowly than last year, while farming costs have come down, but like food, remain high, based on the latest data.
Deficit Irrigation Program and Potato Sales Higher
The Agribusiness Update
An agreement would pay farmers participating in the “deficit irrigation” program if they stop irrigating and sacrifice one or two hay cuttings, and retail sales of U.S. potatoes increased by both volume and dollar sales in July 2023-thru-June of this year.
Farm Tech Field Day and Potato Sales Higher
The Agribusiness Update
University of Florida Extension is working with its Agriculture and Biological Engineering Department to launch a new Farm Technology Field Day, and retail sales of U.S. potatoes increased by both volume and dollar sales in July 2023-thru-June of this year.
Certified Organic Questions and Internet Access on Farms
The Agribusiness Update
With assumptions about high fees, extra paperwork and inspections, some farmers avoid becoming certified organic, and the percentage of farm operations with internet access increased from 75.4% in 2017 to 78.7% in 2022.
Certified Organic Questions and Internet Access on Farms
The Agribusiness Update
With assumptions about high fees, extra paperwork and inspections, some farmers avoid becoming certified organic, and the percentage of farm operations with internet access increased from 75.4% in 2017 to 78.7% in 2022.
Georgia Quality Cotton Awards and Internet Access on Farms
The Agribusiness Update
The 2023 Georgia Quality Cotton Awards were presented at the Georgia Cotton Commission Mid-Year Meeting last month, and the percentage of farm operations with internet access increased from 75.4% in 2017 to 78.7% in 2022.
Nat'l Farm Safety & Health Week and Beef Cow Inventory Lowest in 60 Years
The Agribusiness Update
For the 80th time, the U.S. will be holding National Farm Safety and Health Week the third week of September, and the U.S. beef cow inventory has fallen to its lowest level in more than 60 years.
Nat'l Farm Safety & Health Week and Beef Cow Inventory Lowest in 60 Years
The Agribusiness Update
For the 80th time, the U.S. will be holding National Farm Safety and Health Week the third week of September, and the U.S. beef cow inventory has fallen to its lowest level in more than 60 years.
Farm Real Estate Values Up and Ag Economy Barometer Higher
The Agribusiness Update
USDA says the value of all farm real estate increased 5% compared to last year, and all three broad-based measures of farmer sentiment improved in the July Purdue University/CME Group Ag Economy Barometer.
Reducing Heat Impacts and Ag Trade Deficit Higher
The Agribusiness Update
California farmers are working to reduce impacts of summer heat that’s increased their costs and jeopardized production, and the agricultural trade deficit, the value of exports versus imports, increased in the first eight months of the fiscal year.
USDA Wildfire Funding and Vilsack on Organic Production
The Agribusiness Update
Deputy USDA Secretary Xochitl Torres Small announced $250 million is available to help protect at-risk communities from catastrophic wildfires, and Ag Secretary Tom Vilsack announced new programs and funding to expand organic markets and the transition to organic production.
Farmers Understand Sustainability and Tractor Sales Mixed
The Agribusiness Update
McKinsey and Company research reveals that a vast majority of American farmers have an understanding of sustainable farming and a willingness to adopt the practices, and for the second straight month, unit sales of 100-plus horsepower ag tractors increased in the U.S.
Ag Loan Demand Up and NCBA Applauds Paraguayan Beef Ban
The Agribusiness Update
Agricultural loan demand increased in 2023, and agricultural lending by U.S. farm banks grew 6.7%, and the National Cattlemen’s Beef Association thanked the Senate for passing a resolution to block beef imports from Paraguay.
Ag Loan Demand Up and NCBA Applauds Paraguayan Beef Ban
The Agribusiness Update
Agricultural loan demand increased in 2023, and agricultural lending by U.S. farm banks grew 6.7%, and the National Cattlemen’s Beef Association thanked the Senate for passing a resolution to block beef imports from Paraguay.
California Planting Decisions and U.S. Ag Imports Outpace Exports
The Agribusiness Update
Falling commodity prices, rising production costs and water uncertainty are some of the factors weighing on planting decisions for California farmers this year, and the USDA reports U.S. ag IMPORTS exceeded exports by $16.6 billion in 2023.
American Peanut Council in South Korea and U.S. Ag Imports Outpace Exports
The Agribusiness Update
The American Peanut Council is in South Korea this week as part of the USDA’s agribusiness trade mission, and the USDA reports U.S. ag IMPORTS exceeded exports by $16.6 billion in 2023.
Product of USA Label Final Rule and Drought Impact on U.S. Cattle Herd
The Agribusiness Update
Ag Secretary Tom Vilsack announced the finalization of a rule to align the voluntary “Product of USA” label claim, and new data from USDA Economic Research Service shows changes in drought conditions impact the size of the U.S. beef cattle herd.
Not Surprising in 2024 and Biological Push Continues in 2024
The Agribusiness Update
Farm Journal and Purdue University’s December Economists’
Monthly Monitor shows views slightly more optimistic than a month ago as they look at unexpected headlines they wouldn’t be surprised to see in 2024, and AgriThority put together its top ten trends for the new year.
Read More Bayer Loses 4th Straight Roundup Suit and Deere Quarterly Sales Down
The Agribusiness Update
Bayer faces a payout of $1.56 billion after a Missouri jury finds in favor of the plaintiffs in fourth straight Roundup lawsuit, and John Deere sales in the fourth quarter fell year-over-year, though the earnings did increase.