News
Land O’Lakes is Searching for New CEO
Published May 31, 2018
Land O’Lakes President and CEO Chris Policinski will retire at the end of June. Policinski has been in the role since 2005. A search committee is being formed to identify a permanent CEO. In the meantime, Peter Janzen is appointed…All-Time Highs for Packer Margins
Published May 31, 2018
Gross packer margins hit all-time highs above $290 per head Wednesday. That's according to HedgersEdge. Livestock Market Information Center Director Jim Robb says packer margins tend to be higher in the summer months. "We tend to see a large swing…Cargill Buys Larger Share of Argentine Joint Venture
Published May 31, 2018
Cargill now has majority interest in its joint venture with the Argentine agribusiness firm called Ledesma. The Minnesota company paid $66.5 million to take control of Glucovil. Cargill owns 70 percent of the joint venture and has the option to…Interest Rates Will Likely Impact Land Values
Published May 31, 2018
According to a new CoBank report, rising interest rates will impact farmland sales and operating loans. While costs are increasing, CoBank says the agricultural industry will have the ability to service debt in the near term. There are parts of…NorthStar Genetics Announces CEO Retirement
Published May 31, 2018
NorthStar Genetics has announced the upcoming retirement of long-time CEO Dan Hogstad. Hogstad has been with NorthStar Genetics since the company was formed in 1996. As of October 1, Lyle Marcus will be the new CEO. Marcus is the chief…Titan Machinery Reports 1Q Results
Published May 31, 2018
For the first quarter, Titan Machinery reports gross profits of $47.6 million. That compares to nearly $49 million one year ago. Equipment sales totaled $157 million, down from $168 million one year ago. For the agriculture segment, revenues were down…“Very Intense” Negotiations Between the U.S. and Canada
Published May 31, 2018
Canadian Foreign Affairs Minister Chrytia Freeland cut her trip to the United States short and returned to Ottawa. Freeland met with U.S. Trade Representative Robert Lighthizer for two hours on Tuesday to discuss NAFTA. The meeting is being described as…CP Rail Service Resumes After a Brief Strike
Published May 31, 2018
Union workers are back to work after reaching a tentative deal with Canadian Pacific Railway. The details of the agreement will not be announced until after the ratification vote. This strike lasted less than 24 hours, but it was the…Minnesota Beef Update
Published May 30, 2018
Hear from the Minnesota Beef Council and the Minnesota State Cattlemen’s Association in the Minnesota Beef Update. This week, MSCA Executive Director Ashley Kohls recaps the state legislative session.