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No relief in sight for difficult farm economy

No relief in sight for difficult farm economy

Farmers and ranchers are continuing to struggle with a difficult farm economy. Unfortunately, a study from the American Farm Bureau Federation shows the economic situation in rural America will only get worse. Faith Parum, an economist with the American Farm Bureau Federation, says the latest estimates show shortfalls in the billions. Parum said there are several reasons why the challenges are increasing. Even with recent federal help bolstering the rural economy, Parum said more help is...

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Brazil farmers facing a “perfect storm” of financial conditions

Brazil farmers facing a “perfect storm” of financial conditions

Brazil, the top global competitor to U.S. corn and soybeans, just wrapped up another huge harvest, but the next crop might have a less favorable fate. Dr. Michael Cordonnier, President of Soybean & Corn Advisor in Hinsdale, Illinois, describes a combination of...

Corn growers press Congress for solutions

Corn growers press Congress for solutions

Corn growers from across the country are in Washington, D.C., this week for the National Corn Growers Association's Corn Congress and fly in, where they're meeting with members of Congress and administration officials to discuss the challenges facing agriculture and...

Examining the process of becoming Prop 12 compliant

Examining the process of becoming Prop 12 compliant

The future of California Proposition 12 is uncertain. Currently, there is no legislation to address it in the Senate Farm Bill, but several swine industry groups are still hard at work to get something included in the final version. If the farm bill were to move...

Corn and soybean inspections dropped last week

Corn and soybean inspections dropped last week

Corn and soybean export inspections declined last week, while wheat inspections improved, according to the latest report from the U.S. Department of Agriculture. USDA says 1.54 million metric tons of corn were inspected for export during the week ending July 9, down...

Soybean trends in USDA July balance sheets

Soybean trends in USDA July balance sheets

The recent USDA WASDE report for July provides the latest update for the world and domestic soybean outlooks. USDA World Agricultural Outlook Board Chair Mark Jekanowski says the balance sheet details gains in U.S. soybean production and that reflects in the world...

High input costs remain a top concern for U.S. producers

High input costs remain a top concern for U.S. producers

The Purdue University/CME Group Ag Economy Barometer dropped from May to June. Michael Langemeier, the director of the Center for Commercial Agriculture at Purdue University, discussed the significance of these low numbers. Langemeier expanded on the primary reason...

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Cattle marketplace continues to grind lower

Cattle marketplace continues to grind lower

While the grain side of the ag marketplace has seen some price relief in recent days following the most recent USDA reports, soybean purchases by China, and weather premium being priced into the market due to heat concerns, the cattle side of the ag marketplace is a...

Corn growers press Congress for solutions

Corn growers press Congress for solutions

Corn growers from across the country are in Washington, D.C., this week for the National Corn Growers Association's Corn Congress and fly in, where they're meeting with members of Congress and administration officials to discuss the challenges facing agriculture and...