His country album was a long time coming. Continue reading…… Continue Reading
South America remains big influence on crop prices
South American crop production continues to influence U.S. corn and soybean prices. Paragon Economics risk manager Jamey Kohake says 2024 has been challenging for growers in Brazil. “Mainly just planting weather, is it going to dry out and maybe switch some acres? Or get too wet and delayed (planting)? But that will be the issue…… Continue Reading
How autonomy is revolutionizing ag productivity
The founder and CEO of Sabanto Ag says autonomous technology is making the ag sector more productive. Craig Rupp says new AI technology can help farmers who don’t want to buy new equipment. “You’re going to see autonomy over the years being more and more prevalent, and I’m seeing it on a smaller scale, farmers…… Continue Reading
Low farm income anticipation weighs on future expectations
Farmers surveyed in the latest Purdue University/CME Group Ag Economy Barometer are expressing greater concern about how weakening commodity prices could impact farm income. Jim Mintert with Purdue’s Center for Commerical Agriculture says… “The Farm Financial Performance Index gave us one of the weakest readings we’ve ever gotten for that index,” he says. “It doesn’t go…… Continue Reading
Allendale yield survey close to USDA projections
A brokerage firm’s survey of farmers shows corn and soybean yields are not much different from USDA’s recent predictions. Lynsey Such with Allendale tells Brownfield their survey shows corn yields slightly below USDA’s estimate. “The USDA is at 183.1. Our survey would suggest 182.5 so nothing too drastic, but that is slightly under USDA. Beans…… Continue Reading
Incoming NCBA president weighs in on farm bill, uncertainty in the ag economy
The incoming president of the National Cattlemen’s Beef Association says he’s eager to see the farm bill cross the finish line. Buck Wehrbein tells Brownfield he likes what the U.S. House proposed earlier this year. “For cattlemen, it’s a good farm bill. The Vaccine bank and voluntary conservation programs and things like that are very…… Continue Reading
Farmers still investing in new technologies
The general manager of a central Illinois based precision ag dealer says many farmers are still investing in new technology despite the economic slowdown. Lloyd Lewis, with Linco Precision, tells Brownfield… “It’s a broad spectrum.” He says, “Some are looking to upgrade their planters. Some are interested in autonomy because in a way it’s free…… Continue Reading
CME cash dairy prices mixed Wednesday
Cash dairy prices were mixed Wednesday on the Chicago Mercantile Exchange. Dry whey was down $0.0050 at $0.5650. One sale was recorded at that price. Forty-pound cheese blocks were up $0.0150 at $2.23. One sale was recorded at that price. Cheese barrels were down $0.01 at $2.25. One sale was recorded at that price. Butter…… Continue Reading
July ethanol exports slump, 2024 pace remains strong
U.S. ethanol exports declined from June to July. The Renewable Fuels Association says ethanol exports of 136 million gallons fell 7% on the month, with notable declines for several key customers, including the United Kingdom, India, and the European Union. Canada took the top slot for the 40th consecutive month, while U.S. ethanol remained locked…… Continue Reading
ISU cover crop research showing economic benefits
A professor of agronomy at Illinois State University says research is showing the economic benefits of cover crops. Dr. Rob Rhykerd says the practice is a long-term investment. “In the first few years, you might not really see these returns, but after you know a 5- or 10-year period of adopting these systems, improving soil…… Continue Reading
