Latest News Articles
4Q Revenue Drop for JBS
Published March 22, 2023
JBS finished the fourth quarter with net income of $420 million (U.S.), down from $1.2 billion one year ago. JBS’ largest division is its North American beef business and sales in that area dropped seven percent from a year ago.…MFBF Expected Different Budget Scenario
Published March 22, 2023
Minnesota Farm Bureau President Dan Glessing was surprised by the budget framework agreement and the $48 million budget allocation for agriculture. “We were certainly hoping to see more put toward agriculture. We’ll have some conversations and see if we can’t…E15 Emergency Waiver Sought
Published March 21, 2023
Minnesota Governor Tim Walz, South Dakota Governor Kristi Noem and their counterparts in Iowa and Nebraska are asking for an emergency waiver to allow 15 percent ethanol blends to be used this summer. EPA Administrator Micheal Regan approved year-round sales…Agriculture’s Economic Impact is Growing
Published March 21, 2023
In conjunction with National Agriculture Day, 25 food and agriculture groups released the ‘Feeding the Economy’ report. The report shows the U.S. food and agriculture sector directly supports 23 million jobs and contribute $8.6 trillion to the national economy. The…West Coast Port Delays
Published March 21, 2023
Labor negotiations between the Pacific Maritime Association and West Coast dockworkers are stalled. The ocean carriers claim unionized port workers are purposely slowing down the handling of cargo at the ports of Los Angeles and Long Beach. The PMA says…Ethanol’s Economic Impact
Published March 21, 2023
According to a new study by the University of Minnesota Extension, Minnesota’s ethanol industry contributed $2.7 billion to the state’s GDP last year. The industry produced 1.34 billion gallons of ethanol last year, up from 1.27 billion gallons in 2021.…CF Industries Expands
Published March 21, 2023
The fertilizer company, CF Industries, has signed a purchase agreement to acquire an ammonia plant in Louisiana. CF Industries is paying nearly $1.7 billion to Incitec Pivot Limited. The facility has a capacity of 880,000 tons of ammonia annually.Public Comment Sought on Electronic Ear Tags
Published March 21, 2023
The comment period for a USDA proposal requiring electronic identification for interstate movement of cattle and bison is being extended until April 19. The Agriculture Department claims this would strengthen animal disease traceability and improve the response to a disease…Strip-Till Advantages
Published March 21, 2023
Strip tillage is gaining in popularity amongst sugarbeet growers. Environmental Tillage Systems Regional Sales Manager Tanner Schuldt says there are numerous benefits. "The guys that are doing it are seeing excellent advantages in preventing a lot of that wind erosion.…