News
AgriBank Reports 1Q Financials
Published May 9, 2023
AgriBank is reporting first quarter net income of $207 million. That’s up from $181 million the same quarter last year. Loan volume is over $134 billion, an increase of $580 million from the most recent quarter. While working capital on…Significant Drop in Pork Profitability
Published May 9, 2023
Iowa State University Extension is estimating hog farmers lost an average of $34 per head in the first quarter. That’s the largest drop in producer profitability in ten years. With this scenario, liquidation is happening in the hog business. Smithfield…A Difficult Quarter for Tyson Foods
Published May 9, 2023
Tyson Foods posted a loss of $97 million in the first quarter. That compares to net income of $829 million one year ago. This was the first quarterly loss for the largest U.S. meat producer since the fourth quarter of…Rural Finance Authority Funding Approved
Published May 9, 2023
Minnesota Governor Tim Walz has signed legislation, providing $50 million to the Rural Finance Authority. With this approval, the RFA will continue to finance beginning farmers, livestock expansion and other ag loans.DAIRI Provision Prevails in MN Ag Omnibus
Published May 8, 2023
Minnesota Milk Producers Association Executive Director Lucas Sjostrom says the omnibus agriculture bill was short of their original ask of $10 million for the DAIRI program. However, Sjostrom said he is pleased with the final bill. “Rebates for the Dairy…Warm Weather Ahead
Published May 8, 2023
Weather over the weekend brought moisture to the region with rain totals anywhere from just a trace in the southern Valley to over 2 inches in the James River area. North Dakota Agriculture Weather Network Director Daryl Ritchison says in…Correction
Published May 8, 2023
In a story published May 8, there were errors regarding the difference in funding for biofuels infrastructure and the Minnesota Agricultural Education Leadership Council in the omnibus agriculture bill. This link provides the final conference committee's spreadsheet reflecting change items.…Livestock Market Drivers
Published May 8, 2023
Cattle futures has pulled back from its recent strength. DTN livestock market analyst ShayLe Stewart says there are a few factors playing into the cool off. “The pressures of inflation, increased interest rates and the concern and heightened worry about…Mental Health Awareness Month
Published May 8, 2023
Minnesota Farm Bureau is focusing on Mental Health Awareness Month throughout the month of May. Foundation Director Ruth Meirick says now is an important time to reach out to others. “As you go through the month of May, I would…