Ag Business Articles
Ships Sitting Idle in the Black Sea
Published January 19, 2023
The United Nations is seeking more efficiencies in the shipment of grain out of the Black Sea Region. There is a backlog of more than 100 ships in Turkish waters waiting to be inspected. The U.S. Ambassador to the United…SD Grain Buyer Bill Tabled
Published January 18, 2023
A bill was introduced in the South Dakota Legislature that would require grain buyers to report any alleged financial wrongdoing. After numerous discussions with the grain industry, Public Utilities Commission Commissioner Chris Nelson said they want the regulatory agency to…Fertilizer Price Outlook
Published January 18, 2023
A new report from S and P Commodity Insights suggests fertilizer prices will likely remain steady going into the spring season. After a disappointing fall application season, there is more than adequate supplies of phosphate and potash for this spring.…Surging Oil Demand
Published January 18, 2023
The International Energy Agency is forecasting record oil demand this year. This demand is linked to China reopening its economy following COVID-related shutdowns. The IEA expects oil demand to total 1.9 million barrels per day. That’s up nearly 200,000 barrels…Rorvig, Schafer Take Leadership Roles with NCBA Committees
Published January 18, 2023
The National Cattlemen’s Beef Association has announced the appointments made to its policy committees. Dan Rorvig of McVille, North Dakota is the new chair of the NCBA tax and credit committee. New Rockford, North Dakota rancher Jeff Schafer is the…Legislature Expected to Address Corporate Farming Law
Published January 17, 2023
With the hope to grow animal agriculture in the state, there will be bills to modify North Dakota’s corporate farming law. "It appears that they would be only looking at a poultry, dairy, swine, aquaculture, and hydroponics," said State Agriculture…A Game-Changer
Published January 17, 2023
When operational, the three proposed soybean crush facilities in North Dakota are expected to utilize nearly 70 percent of the state’s soybean production. North Dakota Grain Dealers Association Executive Vice President Stu Letcher says that will be a game-changer for…Renewables Described as ‘the Energy of Peace’
Published January 17, 2023
The environment has been the main driver behind the development of the renewable energy business, but that is changing. The head of the International Energy Agency said energy security is now the primary consideration. Russia’s invasion of Ukraine resulted in…Smaller, But Bigger
Published January 16, 2023
North Dakota Grain Dealers Association Executive Vice President Stu Letcher says the industry has seen consolidation and facility closures in the past five years. "Membership is smaller but bigger, if that makes sense," said Letcher. "A smaller number but larger firms.…