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COVID-19 Relief Highlighted in Peterson Townhall
Published April 9, 2020
House Agriculture Committee Chairman Collin Peterson held a telephone townhall on Wednesday. In the call, Peterson said the USDA will make payments to farmers. "They're going to do another payment that's not going to be based on trade, but how…AFBF Analysis: Low Price Levels Threaten Farmer’s Livelihood
Published April 9, 2020
According to an updated economic analysis by the American Farm Bureau Federation, crop and livestock prices are falling to levels that threaten the livelihoods of farmers and ranchers. Since the beginning of the year, both beef and pork futures declined…Perdue Gives Status Update on Farmer Coronavirus Aid
Published April 9, 2020
Agriculture Secretary Sonny Perdue says the USDA continues the process of getting feedback from agricultural groups on the USDA’s response to COVID-19. "We're meeting daily getting data, listening to stakeholders within the various commodity groups and getting their ideas, talking…USDA Investigates Beef Trade
Published April 9, 2020
The USDA Packers and Stockyards Division is extending an investigation into the wide separation between box beef and live cattle prices to include the current coronavirus pandemic. This investigation has been folded into a similar inquiry into beef margins following…A Wide Range of Corn Estimates Ahead of April WASDE
Published April 8, 2020
There is a wide range of trade guesses for corn ending stocks ahead of the April USDA Supply and Demand report. "I honestly don't know if stocks will be dramatically larger. They will be bigger because of the 97 million…Redefining Market Opportunities
Published April 8, 2020
As the grain and livestock markets trend lower, farmers can still look for marketing opportunities. "Challenge the paradigm you're using to define an opportunity," says Mike North, president, Commodity Risk Management Group. "In a world where ethanol is taking it…Melby: Brazil Soy Production Still Strong
Published April 8, 2020
Brazil’s soybean crop is expected to be slightly smaller due to dryness in southern Brazil. However, Brazilian Ag Consulting owner Kory Melby says northern Brazil will more than make up for a reduction in the southern production. "A few million…POET Idles Three Ethanol Plants
Published April 8, 2020
POET is idling production at three ethanol plants across the country. The locations include Chancellor, South Dakota, Ashton, Iowa and Coon Rapids, Iowa. POET is also delaying the start up of its new plant in Shelbyville, Indiana. POET continues to…March Ag Economy Barometer Declines on Coronavirus Concerns
Published April 8, 2020
According to the latest Purdue University/CME Group Ag Economy Barometer, farmers are worried about the impact of COVID-19 on profitability. "Seventy-four percent of respondents said they were either fairly worried or very worried about the coronavirus impact on their farm…