News
The Last Word
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The Prospective Plantings Report is USDA’s best acreage guess before most planters begin to roll. USDA Chief Economist Seth Meyer said weather remains the wild card. "Weather always has the last say, right? When we think about a lot of things…Positive ROI for Lamb Checkoff Investment
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A new study on the national lamb checkoff program highlights its return-on-investment. Texas A&M University conducted this research. It found an average return of $16.60 for every dollar invested in promotion. The activity in the rest of the meatcase also…Layoffs Coming at John Deere Waterloo Operations
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John Deere is laying off more than 300 employees at its Waterloo operations. This layoffs take effect at the end of April. In a statement, Deere officials said each factory balances the size of its production workforce with the needs…Endangered Species Act Restrictions Restored
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The Biden Administration has made changes to the Endangered Species Act, repealing language that was added during the Trump years. Biden reinstates blanket rule protections for species listed as threatened and stops any consideration of the economic impact of listing…Surprise, Surprise
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The big surprise in the flurry of USDA numbers was with corn acreage. USDA is forecasting corn at just over 90 million acres. That’s down 4.6 million from last year and is 1.7 million acres below the average trade guess.…Syngenta Group FY23 Sales Drop 4%
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The Syngenta Group reports full year sales of $32.2 billion, down $1.2 billion or four percent year-over-year. Sales were impacted by the destocking phenomenon when crop protection distributors and retailers drastically reduced inventories. That was in reaction to an inventory…China Challenges U.S. EV Tax Credits
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China has begun a World Trade Organization dispute with the United States over the use of tax credits to promote the production of electric vehicles and renewable energy projects. China claims the tax credits created under the Inflation Reduction Act…Veg or Grain?
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The Dietary Guidelines Advisory Committee is reportedly considering changes to food groups, including the reclassification of potatoes as a grain. USDA has responded, saying this advisory committee does not have the authority to make that change. Meanwhile, a bipartisan group…Agricult-HER: Julie Peterson
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Peterson Farms Seed can trace its roots to the farm crisis of the 1980s and the scab issue that devastated the region. From those humble beginnings, Peterson Farms Seed is now the largest independent seed company in the region. PFS…