Articles tagged under: coronavirus
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…More Details on the Paycheck Protection Program Loans
Published April 7, 2020
Agriculture enterprises that employ 500 or fewer people are eligible for Paycheck Protection Program loans. These are the small business loans from the latest coronavirus economic stimulus package. In the past, the Small Business Administration hasn’t considered farms as qualified…Minor Adjustments Expected on ND Planting Intentions
Published April 6, 2020
In a weekly webinar with NDSU Extension, Crops Economist and Marketing Specialist Frayne Olson reflected on the USDA’s Prospective Plantings report and what the data means for North Dakota. "The expectation is to have 3.2 million acres planted to corn…Staying Calm in Uncertain Times
Published April 6, 2020
The coronavirus is having an emotional and economic impact on farms. "The health of families is a concern and the economic impact of these price drops is causing lots of angst and anxiety," said Bret Oelke, president, Innovus Agra LLC.…Small Business Loans are Now Available
Published April 6, 2020
Small business loans are now available to help get through the coronavirus. "The maximum loan you can get is the lesser of 2.5 times the average monthly payroll cost or $10 million," said Ron Haugen, farm management specialist, NDSU Extension.…Farmers Navigate Market Dynamics
Published April 6, 2020
The current market dynamics are challenging for farmers. "We are figuring out how to respond to this," said Paul Sproule, a farmer from Grand Forks, North Dakota. "How will this change the dynamics of agriculture today?" Sproule said local farmers…