Ernst says U.S. ag land needs to be protected from foreign entities

A U.S. Senator from Iowa says foreign involvement of U.S. farmland purchases is a potential threat to the food supply chain. Republican Joni Ernst tells Brownfield she’s asking the USDA to streamline its electronic submission process that tracks foreign investment disclosures. “All they have done is add a disclaimer about possible inaccuracies on their website,”…Continue Reading

Soybeans see more gains, corn, wheat finish higher

Soybeans were higher on fund and technical buying. The trade’s watching harvest activity, expecting some areas to make good progress, but Hurricane Helene will cause more delays in the south and east. That storm is expected to make landfall later this week and move north and west. Hot, dry weather could limit planting in parts…Continue Reading

Setting priorities for 2025

The new board for the National Association of State Departments of Agriculture has set its priorities for the coming year.  NASDA president and Arkansas Ag Secretary Wes Ward says there are long-term concerns about the farm economy. “The ability to be financially viable into the next year also ties in very nicely with the timing of the farm…Continue Reading

Closing Grain and Livestock Futures: August 25, 2024

Dec. corn closed at $4.15 and 1/4, up 3 and 1/2 centsNov. soybeans closed at $10.53 and 1/4, up 11 centsOct. soybean meal closed at $326.10, up $2.50Oct. soybean oil closed at 44.38, up 43 pointsDec. wheat closed at $5.89 and 1/4, up 11 and 1/4 centsOct. live cattle closed at $183.05, down 15 centsOct.…Continue Reading

August poultry production below prior year

U.S. poultry production declined during August 2024. The USDA says 4.519 billion pounds of poultry were certified wholesome last month, 4% less than August 2023, including a 3% decline in chicken to 4.074 billion pounds and an 11% drop for turkey at 434.655 million pounds. The chicken slaughter was down 5% on the year and…Continue Reading

Broiler sets, placements up on the year

The USDA’s reporting another year-over-year rise in broiler hatchery numbers. 243.356 million broiler-type eggs were set into incubators last week, up 6.31 million on the week and 5% on the year, with average hatchability holding just below 80% at 79.8%. 192.361 million broiler-type chicks entered meat production, 355,000 less than the previous week, but 4%…Continue Reading

Nebraska farmer shares bankruptcy clawback story

A Nebraska farmer says growers need protection from bankruptcy clawback cases. Kevin Fulton, who’s diversified organic farm is based in Sherman County, says he sold his entire 2020 soybean crop to Pipeline Foods, LLC, only to receive a clawback letter a year later. “Said we had 30 days to pay it back, and it was…Continue Reading

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