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Unprecedented
Published December 20, 2023
Freight rates are moving higher, increasing the cost of commodities. Tim Marsh, Summit Commodities, describes this as an unprecedented situation. "The Suez Canal in some distress so there are some questions to whether or not we're gonna be able to ship…Houthi Rebels Attack Commercial Shipments
Published December 19, 2023
Commercial shipping on the Red Sea is being disrupted by attacks made by Houthi rebels. The aggression from the Iran-backed terrorists is described as a show of support for Palestine in the Israel-Hamas war. To avoid the Suez Canal, major…El Nino Has Peaked
Published December 19, 2023
A model from the National Oceanic and Atmospheric Administration suggests this year’s El Nino weather pattern has peaked and will begin a steady decline in January. World Weather Incorporated Senior Meteorologist Drew Lerner said that should bring a more normal…Thompson Offers Farm Bill Timeline
Published December 18, 2023
House Agriculture Committee Chairman Glenn 'GT' Thompson wants to move forward with the farm bill in March. "When I look at the calendar in the first quarter, the first month we get that has the contiguous weeks that we need…Looking for Farm Bill Leverage
Published December 18, 2023
Many farm groups are hoping Congress will pass the new farm bill in the first half of 2024. "I'm not sure we're going to get it done even by September by next year, but I'm more optimistic by the end…Cattle Ponzi Scheme Has a ND Connection
Published December 18, 2023
The Securities and Exchange Commission has issued a cease-and-desist order against Agridime, LLC. The Texas-based company was doing business in North Dakota and allegedly was behind a massive cattle Ponzi scheme. According to the SEC, Agridime secured more than $191…What’s Hot, What’s Not in the Markets
Published December 18, 2023
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson cites the stock market as a bullish story. "It's starting to pull money out of the commodities." Wheat and corn are…Farm Bill Vote Complicated by Busy Congressional Schedule
Published December 17, 2023
With a full congressional calendar and the continuing resolution for agriculture appropriations expiring in mid-January, James Callan Associates President Jim Callan says it will be a challenge for lawmakers to meet that deadline. The appropriations process has been divided into…Ag is Playing Defense
Published December 16, 2023
With the metro-rural split in the Minnesota Legislature, agricultural lobbyist Bruce Kleven believes agriculture will be playing defense in the 2024 legislative session. "A lot of things got done in the ag world this year with the increase in the ag…