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‘Still One of the Best Years on Record’

Published Today

Net farm income is forecast to total just over $151 billion this year. That’s down from 2022 net income of nearly $183 billion. USDA’s Economic Research Service made this forecast. Agriculture Secretary Tom Vilsack released a statement, saying farm income…
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Do the Math

Published Today

The December 2023 corn contract is in the $4.50 per bushel range while that same contract in 2024 is just over $5 per bushel. "That is the market telling you that you grew a good crop and demand is not there,"…
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Robust Trade Agenda Sought

Published Today

USDA is currently projecting an agricultural trade deficit of $17 billion for the current marketing year. That compares to an average trade surplus of $12.5 billion each year over the past ten years. A coalition of 35 farm groups has…
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PUC to Review Pipeline Issue

Published Today

The North Dakota Public Service Commission will host a hearing later this month regarding Summit Carbon Solutions’ attempt to block local ordinances in Burleigh and Emmons counties. Summit claims the county ordinances are “unreasonably restrictive” and would prevent the carbon…
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Any Expansion of Israel-Hamas War Would Impact Fertilizer Supply

Published Yesterday

Fertilizer prices have moderated and demand remains strong. However, Mosaic Chief Economist Andy Jung is monitoring trouble spots around the world including the conflict in Israel and Palestine. "Depending on the severity of any conflagration in the Middle East, it…
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An Atypical El Nino

Published Yesterday

An El Nino typically brings warmer and drier winter conditions to the Northern Plains. Nutrien Ag Solutions Principal Atmospheric Scientist Eric Snodgrass spoke at a BASF event in Fargo and said this El Nino is ‘punching below its weight class.’ "We're…
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Land Values Remain Strong

Published November 27, 2023

Despite higher interest rates, Farmers National Company Senior Vice President Matt Gunderson has not seen farmland prices come down. "Prices have been holding fairly decent and so that's creating a lot of cash out in the country," said Gunderson. "They're…
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What’s Hot, What’s Not in Markets

Published November 27, 2023

In this week's edition of What's Hot, What's Not in Markets, Martinson Ag Risk Management President Randy Martinson said gold is the only commodity showing any strength to start the week. Cattle and grain futures are trending lower. "Part of…
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A Regional Perspective on the Changes Happening in Argentina

Published November 23, 2023

Innovus Agra President Bret Oelke is home after a weeklong trade trip to Argentina. Oelke, who is a farm management coach, described it as an eye-opening experience. "It's facinating to learn about the economics production agriculture in an environment where they…
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