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U.S. Cattle Inventory Low and Higher Beef Prices Okay
The Agribusiness Update
The U.S. cattle inventory is historically low, and that trend could take some time to turn around, and when retail prices reach record-high levels, the demand usually plummets quickly, unless that product is U.S. beef.
AI in Florida Strawberries and Higher Beef Prices Okay
The Agribusiness Update
New University of Florida research shows with the help of artificial intelligence, farmers may soon find it easier to remove strawberry runners, and when retail prices reach record-high levels, the demand usually plummets quickly, unless that product is U.S. beef.
April Inflation Moderate and Survey Shows Americans Trust Farmers
The Agribusiness Update
April's Consumer Price Index data shows a welcome moderation in overall inflation, cooling to its slowest annual rate since early 2021, and a new survey reveals strong trust in American farmers and public recognition of the benefits pesticides provide.
Sustainable Groundwater Act and Round 2 of Specialty Crop Assistance
The Agribusiness Update
California’s Sustainable Groundwater Management Act has reshaped groundwater use for many farmers and groundwater users, and Ag Secretary Brooke Rollins announced a second round of payments for producers through the Marketing Assistance for Specialty Crops Program.
California Water Allocation and Plant-based Meat Sales Plummet
The Agribusiness Update
California farmers who irrigate with water from the Central Valley Project say they’re thankful for last month’s 35% water allocation, and plant-based meat was viewed as a major disruptor of the meat industry and would soon displace animal protein.
Hurricane Helene Relief and Plant-based Meat Sales Plummet
The Agribusiness Update
Ag Secretary Brooke Rollins pledged last week that tens of billions in aid for victims of Hurricane Helene should start flowing soon, and plant-based meat was viewed as a major disruptor of the meat industry and would soon displace animal protein.
Southeast Farm Economy Hit Hard and Oregon Pig has H5N1
The Agribusiness Update
While the farm economy seems to have stabilized in the Midwest and Northern Plains, it weakened in the rest of the U.S. this fall, and a pig in Oregon is the first in the U.S. to test positive for the H5N1 bird flu virus.
Georgia Production Expenses Higher and Commodity Groups Farm Bill Pressure
The Agribusiness Update
Overall production expenses for Georgia farmers totaled $10.89 billion in 2023 according, a 7% increase over 2022, and commodity groups join forces in Washington, DC in an effort to get a new Farm Bill passed.
Sustainable Groundwater Management Act and Wheat Production Higher
The Agribusiness Update
As California farmers prepare for groundwater cutbacks with implementation of the Sustainable Groundwater Management Act, they are trying to stretch every drop, and U.S. wheat production for 2024-25 is forecast at 2.008 billion bushels, the largest crop since 2016-17.
Lenders Urge Stronger Sugar Policy and Wheat Production Higher
The Agribusiness Update
Farm lenders and financial experts sent a letter to Ag leaders urging Congress to strengthen U.S. sugar policy in the Farm Bill and oppose efforts to weaken the farm safety net, and U.S. wheat production for 2024-25 is forecast at 2.008 billion bushels, the largest crop since 2016-17.
Klamath Water Rights and Republican Farm Bill Framework
The Agribusiness Update
Due to economic impacts in the Klamath Basin, county leaders are urging water officials to provide a full water allocation to irrigators this year, and several key agricultural groups issued responses to the Senate Ag Committee Republicans’ farm bill framework.
Klamath Water Rights and Republican Farm Bill Framework
The Agribusiness Update
Due to economic impacts in the Klamath Basin, county leaders are urging water officials to provide a full water allocation to irrigators this year, and several key agricultural groups issued responses to the Senate Ag Committee Republicans’ farm bill framework.
Veterans Trained to Farm and Republican Farm Bill Framework
The Agribusiness Update
An outreach program offered by the University of Georgia has received federal funding to train military veterans to start their own farms, and several key agricultural groups issued responses to the Senate Ag Committee Republicans’ farm bill framework.
Latest Ag Trade
Washington State Farm Bureau Report
The latest Ag trade figures are ‘mixed’ as bipartisan criticism of the White House’s refusal to do free trade deals continues.
USDA Funding for Veterans and Household Spending for Food
The Agribusiness Update
The USDA announced $27.6 million in grants for underserved and veteran farmers, ranchers, and foresters, and households spend more on food as their incomes rise, but the amount represents a smaller share of their overall budgets.
Ag Exports to China
Washington State Farm Bureau Report
Ag exports to China lead record breaking year in 2021.
Georgia Ag Economic Impact and Japan Lowers Safeguard on U.S. Beef
The Agribusiness Update
Georgia farmers contribute a healthy portion of overall state economy, and Japan lowers safeguards on imports of U.S. beef.
NCBA Opposes Wolf Delisting and Wells Fargo Paints Rosy Ag Future
The Agribusiness Update
NCBA and PLC oppose delisting of the gray wolves, and Wells Fargo economist paints rosy picture for ag future.