Chicken profits lead to third quarter rebound for Tyson Foods

Increased profits in chicken have helped Tyson Foods surpass third-quarter revenue expectations. The company’s third quarter net sales were $13.35 billion, up 1.6%. In a conference call Monday, company officials said adjusted operating income for chicken topped $307 million, for its best quarter in eight years. The turnaround comes after Tyson reported a $63 million…… Continue Reading

Ethanol exports down on month, still all-time June high

U.S. ethanol exports dipped from May to June. The Renewable Fuels Association says ethanol exports of 145.9 million gallons were 6% below May, but still the largest on record for the month of June. Canada took in its lowest volume for 2024 to date, while still claiming the top slot for the 39th month in…… Continue Reading

US cropland values up 37% since 2020

Cropland values continue to rise, according to the USDA’s latest land values report. University of Missouri ag economist Scott Brown says nationally there was a 4.7 percent jump year-over-year, but there are differences regionally.  The southeast saw the biggest increase, up 7.2 percent.  “Meanwhile, Delta states, Arkansas, Louisiana, Mississippi are up exactly 4%,” he says. …… Continue Reading

More ag export promotion funding available from USDA

The USDA says an additional $300 million is available in grants to grow exports through the Regional Ag Promotion Program and ag groups are responding positively. The U.S. Meat Export Federation was a recipient in the first tranche of RAPP funding. President Dan Halstrom says the emphasis this program has on market diversification is critical…… Continue Reading

Having a succession planning conversation

A research and extension specialist for Purdue University says for families who want to pass their operations onto the next generation, there needs to be a succession plan in place. Renee Wiatt says some farmers see it as a loss of control. “We know that farmers are very, very hesitant to hand over the rains…… Continue Reading

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