With commodity prices falling, already tight operating margins may become even tighter, increasing the need for farm partners to keep an eye on their operating expenses. One solution that many producers have turned to is remote hosting of their software so all the farm partners can be on the same page when making critical business decisions. AgCompass provides reliable U.S.-based …
Egg, Dairy & Chicken Prices Down, Beef Too
The American Farm Bureau Federation’s (AFBF) Fall Harvest Marketbasket Survey indicates lower retail prices for several foods, including eggs, whole milk, cheddar cheese, chicken breast, sirloin tip roast and ground chuck. The informal survey shows the total cost of 16 food items that can be used to prepare one or more meals was $49.70, down $4.40 or 8 percent compared …
Putting a Face on the American Soybean Farmer
Missouri soybean grower, Todd Gibson, has worn many leadership hats throughout the soy community at the state and national levels. His farm is located just east of Kansas City in the heart of Midwestern crop country. He was just elected to the U.S. Soybean Export Council (USSEC) board and shared more about his commitment to the industry during the 2016 …
A Glimpse into the World Economy Outlook
The international audience at the U.S. Soy Global Trade Exchange went home with a head full of key insights for soybeans and the “World Economic Outlook – Now through 2017” was a small part. Tim Quinlan, Director, Senior Economist, Wells Fargo Securities, Global Division, keynoted the closing plenary and provided an analysis on the macro U.S. and major foreign economies. …
US Soy Well Represented at Global Trade Event
The 4th annual U.S. Soy Global Trade Exchange & Midwest Specialty Grains Conference and Trade Show hosted by the U.S. Soybean Export Council (USSEC) and the Midwest Shippers Association (MSA), took place in Indianapolis, IN and is the premiere global soy and grain trade event. Over 700 attendees gathered with 300 of them representing 55 countries around the world, focused …
Global Business Climate Remains Slow for Ag Machinery
Results from the latest Agrievolution Business Barometer survey are showing that, while the global downturn in the agricultural machinery industry seems to have stabilized, global recovery is not in sight for the next six months, and the sector may stay at current low levels. The survey found that the global business climate index is back to the low level of …
Another #ONEBigIdea – Cuba
Cuba’s newly opened relationship with the United States gives us access to an emerging market and provides new perspectives on it’s lands. The opportunities for new agriculture, technology and food concepts is something we can’t ignore. Alltech calls it a one-of-a-kind opportunity. I sat down with Dr. Jorge Arias, Global Aqua Director, Alltech, during ONE: The Alltech Ideas Conference to …
Corn Prices Projected to Decrease
While optimists hoped the increased demand for ethanol would help drive corn prices, the USDA reports say it won’t be enough to off-set other factors. Demand estimates are lower by 24 million bushels of corn, and ending stocks are higher by 25 million bushels. Production estimates remain unchanged from March. “U.S. corn farmers have indicated their intention to grow another …
Corn Up, Soybeans Down in #USDA Report
The 2016 Prospective Plantings report out today from USDA’s National Agricultural Statistics Service (NASS) shows farmers expect to plant more corn and less soybeans this year. U.S. corn growers expect to plant 93.6 million acres to corn this year, the first increase in corn planted acreage since 2012 and, if realized, will be the third largest corn acreage since 1944. …
Farm Futures Predicts More Corn, Less Soybeans
Farm Futures is Penton Agriculture‘s market-leading ag business resource and they are seeing a lot of red on the ledgers right now. In fact their latest survey suggests farmers may react to the agriculture market by cutting back almost 2 percent of the crop acreage this year. Of the major row crops, only corn and cotton are seeing gains– but …