AAEA Members Take Their Message to Capitol Hill

Jamie Johansen

Farm income, assets, and equity are all expected to decline nearly three percent in 2016, while farm debt is forecasted to rise about two percent. However, the Agricultural & Applied Economics Association(AAEA) reminds us these numbers may not tell the whole story. AAEA members Ani Katchova (The Ohio State University) and Allen Featherstone (Kansas State University), along with Jeffrey Hopkins …

Ag Group, Economy, Markets

AEM Report Shows Increase in Small Tractor Sales

Kelly Marshall

The Association of Equipment Manufacturers says 2016 is continuing last year’s trend of growth in tractors under 40HP.  The report shows sales were up in February of this year 26.2 percent, compared to 2015.  The year-to-date growth is 19.7 percent. 2WD tractors between 40 and 100 HP are also up this year over last, with a growth of 5.8 percent …

AEM, Agribusiness, Markets, Tractor

USB Educates Growers on Global Markets

Jamie Johansen

The United Soybean Board (USB) invites soybean farmers with a desire to take a look at their customers beyond the elevator and to learn more about the soy checkoff’s role in marketing U.S. soy, to take part in their See for Yourself program. Tina Holst, Chilston, Wisconsin soybean farmer, took advantage of this opportunity last year and I caught up …

Ag Group, Audio, Exports, Farming, Markets, Soybean, USB

MGEX Sets New Open Interest Record

John Davis

MGEX has set a record for its highest open interest total in its 135-year history. This news release from the trading organization said it closed the day Tuesday at 82,279. This breaks the previous record of 82,056 set on April 17, 2014. The Exchange has seen an increase in open interest each of the past seven days and has now …

Markets, MGEX

SHP Demo Farmers Utilizing AgSolver Technology

Taylor Truckey

AgSolver had demo farmers and partner companies excited at the Soil Health Summit last week as they plan on rolling out access to their Profit Zone Manager to the demo farmers this year. Dave Muth, co-founder of AgSolver, spoke with AgWired about what they do and how that will impact the SHP. “The Soil Health Partnership is certainly working on …

Agribusiness, Markets, Soil, Soil Health Partnership, Sustainability

MGEX Boasts Record Year

Joanna Schroeder

MGEX has concluded its best year with new annual highs in both total volume and electronic volume. Total volume finished the year with 2,315,186 contracts traded, surpassing the previous record set in 2014 by six percent. During the year, MGEX reported five separate months of volume greater than 200,000, doing so for the first time in Exchange history. Of the …

Markets, MGEX

#ASTACSS Economic Outlook from Dan Basse

Cindy Zimmerman

Back by popular demand for the fifth year, AgResource Company president Dan Basse presented his economic outlook for agriculture at the opening general session of the ASTA CSS 2015 and Seed Expo on Tuesday. In his fact-filled 90 minute presentation, Basse talked about a “world awash in grain” with record global wheat and soybean crops and second largest corn crop. …

ASTA, Audio, Markets, Seed

November Best Month Ever for MGEX

Cindy Zimmerman

November 2015 was the biggest volume month in history for MGEX, with a total volume of 272,202. This surpassed the previous record set in August by more than 6,000 and is a 39 percent increase from November 2014. This marks the fifth time this year MGEX has reported a monthly volume greater than 200,000, doing so for the first time …

Markets, MGEX

USDA Looks to Expand Export Markets with MAP

John Davis

The U.S. Department of Agriculture (USDA) has handed out the fiscal year 2016 award funds for its program for commerical export markets for U.S. goods. This agency news release says the Market Access Program (MAP) will provide more than $170 million that focuses on consumer promotion, including brand promotion for small companies and cooperatives, and is used extensively by organizations …

Agribusiness, International, Markets, USDA

Online Radio Station Available from Farm Journal

Kelly Marshall

You can now listen around the clock to the news, talk, and country music of Farm Journal Media’s new online radio station.  “The Farm” station is available via a mobile radio app created just for farmers. “We’re in a world of niche and branded channels, so we asked ourselves why not give farmers a station built just for them?” said …

Apps, Markets, Podcasts, Website