Farm Debt Climbs
Farm real estate debt continued to increase in the third quarter. A report from the Federal Reserve Bank of Kansas City says the number of farm real estate loans rose seven percent and the balances at agricultural banks was up…
Russia Rejects $60 Per Barrel Price Cap
The United States, Australia, Canada, England, Japan and the European Union are capping what they will pay for Russian crude oil to $60 per barrel. That cap is scheduled to take effect today, but Russia says it will not accept…
ERP Extension Sought
A coalition of nearly 20 farm groups is urging the leadership of the agriculture appropriations subcommittees to provide adequate resources to extend the Emergency Relief Program to cover losses for 2022. The letter to lawmakers said the next farm bill…
Record Income
Net U.S. cash farm income is forecast to be a record high $188 billion for 2022. That’s up 25.5 percent from 2021. Cash receipts for corn, soybeans, wheat and other crops are up 19 percent. Receipts from animal agriculture are…
Biofuel Blending Standards Announced
The Environmental Protection Agency is proposing a renewable fuel standard of 20.8 billion gallons in 2023. That will rise to 22.6 billion gallons in 2025. For advanced biofuels, EPA set the mandate at 5.8 billion gallons for 2023, 6.6 billion…
Corteva to Buy Stoller Group
Corteva Agriscience is expanding its presence in the biological market. Corteva has signed a definitive agreement to acquire Stoller. The deal should be finalized in 2023 and is valued at $12 billion. This is Corteva’s second major acquisition in the…
Biofuel Blending Volumes Boosted
The Environmental Protection Agency is proposing to increase the 2023 renewable fuel blending mandate to 20.82 billion gallons. That standard moves to 21.87 billion gallons in 2024 and 22.68 billion gallons in 2025. Conventional biofuels, like corn-based ethanol, will have…
MAELC @ 25
The Minnesota Agricultural Education Leadership Council is celebrating its 25th anniversary. This organization promotes and supports agricultural education in the state. Executive Director Sarah Dornink says ag education has enjoyed amazing growth. “Just going back a couple years to 2019, we…
What’s Hot, What’s Not in the Markets
The markets are in the holiday doldrums. In this week’s edition of What’s Hot, What’s Not in the Markets, Martinson Ag Risk Management President Randy Martinson outlines the positive side of the soybean market and the challenges seen in the…
Ag Economic Conditions Report to be Released
North Dakota Governor Doug Burgum will highlight the state’s agriculture’s economic contributions this afternoon. North Dakota State University conducted this inaugural study. NDSU Agricultural Affairs Vice President Greg Lardy and the lead researchers will also be part of the announcement…
North Dakota Legislative Leaders Announced
Representative Mike Lefor of Dickinson is the House majority leader. Representative Josh Boschee of Fargo returns as the minority leader. Senator David Hogue of Minot will lead the Senate. Senator Kathy Hogan of Fargo is the minority leader. The North…
Lower Mississippi River to Benefit From Forecast
Heavy rain is in the forecast across the Tennessee River Basin and northern Delta region tonight through Thursday. World Weather Incorporated says additional rain is expected this weekend and early next week. The persistent rains should temporarily ease the record…
Farm Debt Climbs
Farm real estate debt continued to increase in the third quarter. A report from the Federal Reserve Bank of Kansas City says the number of farm real estate loans rose seven percent and the balances at agricultural banks was up…
Canada Takes Action on Potato Wart
The Canadian Food Inspection Service has plans to modernize the management plan for potato wart on Prince Edward Island. Details have not been provided, but the National Potato Council says a long-term coordinated plan must be taken by the U.S.…
What’s Hot, What’s Not in the Markets
The markets are in the holiday doldrums. In this week’s edition of What’s Hot, What’s Not in the Markets, Martinson Ag Risk Management President Randy Martinson outlines the positive side of the soybean market and the challenges seen in the…
Lower Mississippi River to Benefit From Forecast
Heavy rain is in the forecast across the Tennessee River Basin and northern Delta region tonight through Thursday. World Weather Incorporated says additional rain is expected this weekend and early next week. The persistent rains should temporarily ease the record…
Russia Rejects $60 Per Barrel Price Cap
The United States, Australia, Canada, England, Japan and the European Union are capping what they will pay for Russian crude oil to $60 per barrel. That cap is scheduled to take effect today, but Russia says it will not accept…
Diesel Fuel Prices Decline
CHS Senior Vice President of Refined Fuels Jason Schwantz says most diesel fuel prices have declined in recent weeks. “The only prices that aren’t falling is No. 1 diesel fuel is really, really important to people in the Red River…
Looking Forward
From agronomy to energy, all CHS business segments performed well in the past year. Board member, Scott Cordes, who farms in southeastern Minnesota, says it is important to look forward. “Right now, our concern is the global economy. Are we…
Supply Chain Improvements
The supply chain situation isn’t perfect, but CHS Executive Vice President of Country Operations Rick Dusek says conditions have improved. “A lot of freight rates have eased a little bit and it feels like product availability is less of a concern,”…
“Unfeasible”
Country Futures market analyst Darrell Holaday thinks Mexico’s decision to ban GMO corn imports by 2024 is not feasible. “If they go to non-GMO corn, they’ll pay $3 a bushel more than anything else or they’ll starve to death. I…
MAELC @ 25
The Minnesota Agricultural Education Leadership Council is celebrating its 25th anniversary. This organization promotes and supports agricultural education in the state. Executive Director Sarah Dornink says ag education has enjoyed amazing growth. “Just going back a couple years to 2019, we…
Farm Debt Climbs
Farm real estate debt continued to increase in the third quarter. A report from the Federal Reserve Bank of Kansas City says the number of farm real estate loans rose seven percent and the balances at agricultural banks was up…
Russia Rejects $60 Per Barrel Price Cap
The United States, Australia, Canada, England, Japan and the European Union are capping what they will pay for Russian crude oil to $60 per barrel. That cap is scheduled to take effect today, but Russia says it will not accept…
Positive Signals for Farm Economy
Net farm income is forecast to reach levels not seen since 1973. A new report from Farm Bureau Market Intelligence says most of this increase in farm income is coming from the marketplace. Farmers still face an uphill battle. Farm…
Diesel Fuel Prices Decline
CHS Senior Vice President of Refined Fuels Jason Schwantz says most diesel fuel prices have declined in recent weeks. “The only prices that aren’t falling is No. 1 diesel fuel is really, really important to people in the Red River…
Looking Forward
From agronomy to energy, all CHS business segments performed well in the past year. Board member, Scott Cordes, who farms in southeastern Minnesota, says it is important to look forward. “Right now, our concern is the global economy. Are we…
Supply Chain Improvements
The supply chain situation isn’t perfect, but CHS Executive Vice President of Country Operations Rick Dusek says conditions have improved. “A lot of freight rates have eased a little bit and it feels like product availability is less of a concern,”…
Soil Fertility Minute
Dr. Lindsay Pease, who is with the Northwest Research and Outreach Center has a special focus on phosphorus. Learn more in this week’s Soil Fertility Minute, sponsored by the Agricultural Fertilizer Research and Education Council.
SD Corn Comments
In this week’s edition of South Dakota Corn Comments, we catch up with South Dakota Corn Growers Association President Scott Stahl to talk about the upcoming Annual Corn Conference.
Canola Minute
In this week’s Canola Minute, Executive Director Barry Coleman talks about EPA’s recent decision on adding canola oil as a biofuel feedstock.
MN Wheat Minute
Prairie Grains Conference is fast approaching. Tune in for a preview in the latest MN Wheat Minute.
Corn Matters
Minnesota Corn Growers Association District Field Manager Macy Petrowiak joins us to discuss the results of the Minnesota Corn Variety Plot Program. Hear more in the latest Corn Matters, presented by Minnesota Corn.
“Unfeasible”
Country Futures market analyst Darrell Holaday thinks Mexico’s decision to ban GMO corn imports by 2024 is not feasible. “If they go to non-GMO corn, they’ll pay $3 a bushel more than anything else or they’ll starve to death. I…
Major Development for Canola
The U.S. Canola Association is applauding the EPA’s determination that canola oil-derived renewable diesel will qualify as an advanced biofuel under the Renewable Fuels Standard program. “They’ve shown that canola oil will reduce GHD remission by at least 18 percent,”…
MN Beef Update
Join us in the latest Minnesota Beef Update for the announcement of the new Minnesota State Cattlemen’s Association Executive Director.
DOT Denies Hours of Service Exemption
Farm groups have been working with the Federal Motor Carrier Safety Administration for months to exempt livestock truckers from some Hours-Of-Service rules. The livestock industry will retain the 150-mile radius exemption on the front and back of a shipment, but…
Marketing Seminar Offered
Farm Credit Services of Mandan is hosting marketing meetings in Dickinson and Mandan. Innovus Agra owner Bret Oelke is leading these sessions. “We just finished up the first round and the second series takes place on December 30 with the…
A-PLUS Act on the Backburner
The Amplifying Processing of Livestock in the United States Act is designed to fix regulatory roadblocks for increasing meat processing capacity. “It would allow localized livestock auction markets to own or invest in a small-medium packing facility,” said Chelsea Good,…
Price Fixing Lawsuit FIled
McDonald’s has filed a price-fixing lawsuit against Smithfield Foods, Hormel Foods, JBS and Tyson Foods. The lawsuit claims the meat processors conspired to limit production to stabilize pork prices in 2008 and 2009.
A Transition for Canadian Swine Imports
Over the past five years, 83 percent of Canada’s hog imports into the United States has been feeder pigs. Since 2021, that percentage has dropped to 77 percent. In that same time period, slaughter hog imports from Canada are up…
MN Beef Update
Minnesota’s State Cattlemen’s Association Convention is open to all cattlemen. Hear more on the agenda and speakers in the latest Minnesota Beef Update.
Ag Economic Conditions Report to be Released
North Dakota Governor Doug Burgum will highlight the state’s agriculture’s economic contributions this afternoon. North Dakota State University conducted this inaugural study. NDSU Agricultural Affairs Vice President Greg Lardy and the lead researchers will also be part of the announcement…
North Dakota Legislative Leaders Announced
Representative Mike Lefor of Dickinson is the House majority leader. Representative Josh Boschee of Fargo returns as the minority leader. Senator David Hogue of Minot will lead the Senate. Senator Kathy Hogan of Fargo is the minority leader. The North…
Canada Takes Action on Potato Wart
The Canadian Food Inspection Service has plans to modernize the management plan for potato wart on Prince Edward Island. Details have not been provided, but the National Potato Council says a long-term coordinated plan must be taken by the U.S.…
A Difficult Balance
North Dakota Farmers Union President Mark Watne says the railroads are critically important for the entire economy but admits it is a complex issue. “I both support the fact that you have a right to strike and I support the fact…
Major Development for Canola
The U.S. Canola Association is applauding the EPA’s determination that canola oil-derived renewable diesel will qualify as an advanced biofuel under the Renewable Fuels Standard program. “They’ve shown that canola oil will reduce GHD remission by at least 18 percent,”…
EPA Flatlines Biofuel Projections
The Clean Fuel Alliance America is criticizing EPA for its proposed Renewable Fuel Standard volumes for 2023 and beyond. Vice President of Federal Affairs Kurt Kovarik says EPA flatlined biomass biodiesel usage. “We’re pleased that they proposed a three-year proposal…
Soybean Market Reacts to EPA Announcement
The soybean market reacted violently to the EPA’s proposed RFS regulations Thursday. AgriSompo North America market analyst Sterling Smith says EPA’s proposed volumes of vegetable oil used for biodiesel and renewable diesel were very disappointing. “The biodiesel numbers were much…
