Ag Business Articles
Higher Q3 Net Income for Titan Machinery
Published November 25, 2020
Titan Machinery reported third quarter net income of $13 million, up from $10.7 million one year ago. Chief Financial Officer Mark Kalvoda says farm equipment sales were down slightly during the quarter, while parts were higher resulting a better outlook…Sales for Raven Industries Up Over Last Year
Published November 25, 2020
Sioux Falls-based Raven Industries reports net third quarter income of $8.7 million. In the same quarter one year ago, the company had net income of nearly $10 million. The Applied Technology division generated significant profits with new product releases for…How One MN Turkey Farmer Prepared for a COVID Thanksgiving
Published November 25, 2020
When the COVID-19 pandemic began, Minnesota turkey growers were already thinking about the 2020 holiday season. Northern Pride, LLC, a turkey processing facility in Thief River Falls, Minnesota, adapted to meet demand, but it wasn't easy. Turkey grower and co-op…Rabobank Forecast
Published November 25, 2020
Commodity prices are expected to remain strong in 2021. That’s according to Rabobank’s annual Agri Commodity Markets Research Outlook. La Nina, export demand and market speculation are all given credit for this forecast. Rabobank also expects the value of the…Hormel Releases 4Q Financials
Published November 25, 2020
Hormel Foods reports fourth quarter profits of $234 million. That’s down from $255.5 million one year ago. Due to the pandemic, Hormel invested over $80 million in supply chain changes over the past year. That includes enhanced safety measures and…5G Network May Impact Precision Agriculture
Published November 25, 2020
Minnesota Congressman Collin Peterson and two Republican congressional colleagues are asking House leadership to delay implementation of a national network of 5G services. The possible impact on GPS technology, especially with precision agriculture systems, is the primary concern. The Association…Fed Reviews Ag Credit Conditions
Published November 25, 2020
The combination of stronger commodity prices and government payments has reduced the demand for agricultural credit. The Federal Reserve Bank report on third quarter ag credit conditions said farm loan demand declined for the first time since 2013. Farmland values…Phosphate Fertilizer Imports From Russia and Morocco Face Tariffs
Published November 25, 2020
The U.S. Commerce Department is imposing preliminary duties on phosphate fertilizer imports from Russia and Morocco. The Mosaic Company file the petition in July, claiming these countries unfairly subsidized these fertilizer sales. The Commerce Department is scheduled to deliver its…Line 3 Gains PUC Approval
Published November 25, 2020
The Minnesota Public Utilities Commission has given construction approval for the Enbridge Line 3 pipeline. That follows a ‘thumbs up’ from the Army Corps of Engineers earlier in the week. The Minnesota Pollution Control Agency construction permit is the final…