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Conditions Improve in Latest Drought Monitor
Published October 8, 2021
There’s been a slight improvement in dry conditions in the last week across the Dakotas and Minnesota. According to the U.S. Drought Monitor, the line of extreme drought in northwest Minnesota declined in Polk, Red Lake and Pennington Counties. Last…Minnesota Seeks Feedback on Clean Fuel Standard Proposal
Published October 8, 2021
The development of Minnesota’s Clean Fuel Standard is being led by the Minnesota Department of Transportation and the Minnesota Department of Agriculture. Deputy Ag Commissioner Andrea Vaubel says a low carbon fuel standard is something that’s been explored in other…Threat Remains for Estate Tax Exemption
Published October 8, 2021
Now that the Senate passed a solution to address the immediate debt ceiling needs, lawmakers are focused on the Build Back Better plan. Senate Agriculture Committee Ranking Member John Boozman said the pay-fors for the upcoming legislation are still concerning.…Walz Advances Climate Change Initiative
Published October 7, 2021
Minnesota Governor Tim Walz issued a directive for the state agriculture and transportation departments to pursue a new Clean Fuel Standard. Stakeholder groups will be asked to identify goals and opportunities and deliver their recommendations in February. A Future Fuels…Urea and Anhydrous Prices Soar
Published October 7, 2021
Fertilizer prices have more than doubled from one year ago. "We've seen a massive explosion in urea and anhydrous prices," said Todd Erickson, general manager, Finley Farmer's Grain and Elevator. "Anhydrous has gone up $400 in the last three weeks;…Rain is on the Way
Published October 7, 2021
Nutrien Ag Solutions Principal Atmospheric Scientist Eric Snodgrass says an active weather pattern will make its way to the Northern Plains in the next week, bringing some rain. "I looked at the 10 day probability of getting at least an…Fertilizer Prices Expected to Keep Going Higher
Published October 7, 2021
CHS Hedging Crop Nutrient Risk Management Consultant Chris Schwartz does not think the U.S. has seen the full ramifications of the fertilizer supply situation. "We've seen NOLA almost quadruple their prices for nitrogen. When it comes to phosphate, we were…Beef Exports Break $1 Billion Milestone
Published October 6, 2021
The United States broke a new value record for beef exports in August. Sales topped the $1 billion mark for the first time. There was record business with China and the largest beef export totals for the year to Japan.…Profitability Squeeze Ahead
Published October 6, 2021
Looking ahead to 2022, Bell Bank Senior Vice President Lynn Paulson says profitability will be squeezed as expenses go up and revenue flattens. "Input expenses are probably going to increase seven-to-ten percent. Fertilizer prices are up significantly. Other inputs are…