Ag Business Articles
Trade Framework Agreement Announced
Published May 23, 2022
The United States is working on a new trade deal with 12 Indo-Pacific nations. President Joe Biden outlined the framework agreement while in Tokyo. Biden said this agreement would help prepare these economies for the future. "Let's create a first-of-its-kind…Well Grounded – Episode 12
Published May 22, 2022
In latest episode of the Well Grounded podcast, Federal Reserve Bank of Minneapolis Regional Outreach Director Joe Mahon talks about land values. This monthly podcast series is hosted by Jayson Menke of Acres & Shares and Red River Farm Network’s Randy…Backlog Report: BNSF and CP Rail Behind Normal Pace
Published May 22, 2022
BNSF and Canadian Pacific Railway filed one of their first weekly grain backlog reports required by the Surface Transportation Board. The report says BNSF loaded and billed 2,335 grain cars during the week ending May 13. The average weekly dwell…Rail Shipments Fall Behind ’21 Pace
Published May 22, 2022
The Association of American Railroads says in mid-May, intermodal rail volume was down 5.5 percent and freight volume were down 5.2 percent from one year ago. In its weekly report, association said total rail volume was down 4.2 percent marking…The Next Step for Autonomous Tractors
Published May 20, 2022
John Deere is taking the next step in its development of autonomous farm equipment. Deere purchased a company the specializes in depth sensing and camera-based perception called Light. Light’s platform, Clarity, will be integrated into the John Deere autonomous tractors.…Strong Demand for Deere
Published May 20, 2022
Deere and Company is reporting net second quarter income of $2 billion. That’s up from $1.8 billion in the same period last year. Sales rose 11 percent despite supply chain pressures. Deere officials said the outlook for farm equipment sales…Merger Moratorium
Published May 20, 2022
A bill has been introduced in Congress that calls for an immediate moratorium on acquisitions and mergers in the food and agriculture sector. This proposal would also create a government commission to oversee antitrust enforcement. Democratic senators Cory Booker, Elizabeth…Price-Fixing Allegation
Published May 20, 2022
South Dakota Senator Mike Rounds and Massachusetts Senator Elizabeth Warren are asking the Federal Trade Commission to investigate beef companies for price fixing. CEOs from the four largest packers testified on Capitol Hill last month. Leadership from Cargill, Tyson Foods,…Bayer Proposes Label Change for XtendiMax
Published May 20, 2022
Bayer has submitted voluntary new label restrictions to EPA for XtendiMax. Additional restrictions are proposed for counties with threatened or endangered species, beginning in 2023. EPA now has until December to consider this proposal. For this year, the agency’s only…