Articles tagged under: supply chain issues
Pent-up Demand for Farm Equipment
Published December 2, 2022
In an update on Deere's quarterly earnings, Reuters reported farm equipment and combines are virtually sold out for 2023. StoneX Chief Commodity Economist Arlan Suderman says the high commodity prices in recent years have driven up demand. "Unfortunately, the same…Overcoming Supply Chain Issues
Published November 21, 2022
Farmers Business Network U.S. Country Manager Adriano Santos says the supply chain is slowly recovering after global shutdowns. "After the hangover of COVID and the challenges in in Asia, things have stabilized a bit," said Santos. "I think Europe is…Inflation Disrupts Farm & Food Sector
Published October 8, 2022
The Federal Reserve Banks of Minneapolis and Kansas City are co-hosted a virtual symposium to discuss food costs and the long-term outlook. During the forum, Federal Reserve Bank of Kansas City Vice President Nathan Kauffman said the current increase in…Supply Chain Challenges Hinder Export of U.S. Meats
Published March 1, 2022
Logistical challenges continue to limit the ceiling of U.S. red meat exports, despite those exports reaching record levels in 2021. U.S. Meat Export Federation Economist Erin Borror says some shipping containers have been returned empty. "Supply chains were overwhelmed. Asian…Time Needed to Build Logistical Capacity
Published February 18, 2022
According to Northern Crops Institute Director Mark Jirik, the current logistical issues have been building for years. "When you talk about the container issue, that's one thing. If you look at carrier issues, retirements and some of the regulations that…No End in Sight for Supply Chain Headache
Published February 18, 2022
NDSU Extension Ag Finance Specialist Bryon Parman believes it will take time to work through the current supply chain shortages. "There'll probably be some relief by next year, but I don't see any relief before planting." This has been a…Early Retirements Cut into Ag Workforce
Published January 23, 2022
Supply chain issues and shortages have had a ripple effect throughout the entire economy. Kernmantle Group owner Matt Robberts sees one of agriculture's biggest challenges being with labor. This is due, in part, to early retirements. "2020 was the mid-point…Equipment Still Experiencing Supply Chain Issues
Published January 6, 2022
Supplies of new equipment remain tight as equipment manufacturers deal with supply chain issues. Association of Equipment Manufactures Senior Vice President of Industry Sectors Curt Blades says tight supplies are two-fold. "The demand for equipment has been stronger than previously…USDA Under Secretary Stops by National FFA Convention
Published October 29, 2021
Almost three months after being confirmed, USDA’s Under Secretary for Marketing and Regulatory Programs Jennifer Moffitt is traveling and meeting with the agriculture industry. Moffitt attended National FFA Convention on Thursday. She says there are a few key issues to…