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Corteva Petition Controversy and Severe Spring Weather Possible
The Agribusiness Update
Six major commodity groups sent a letter to the ITC encouraging a NO vote in advancing a petition from Corteva Agribusiness, and forecasters say the spring severe weather season may quickly shift into high gear with favorable tornado conditions over the next few weeks.
Lighting a Fire Under Last Year’s Farm Bill
California Ag Today
Having fun getting through the updates from the 2023 Farm Bill? Oh that’s right…it didn’t happen. But May may be when the fire gets lit.
Recent USDA Corn Numbers Surprise the Markets
Line on Agriculture
USDA's March Prospective Plantings report has corn numbers higher than expected.
California Planting Decisions and U.S. Ag Imports Outpace Exports
The Agribusiness Update
Falling commodity prices, rising production costs and water uncertainty are some of the factors weighing on planting decisions for California farmers this year, and the USDA reports U.S. ag IMPORTS exceeded exports by $16.6 billion in 2023.
Florida Ag Policy and Commodity Forum and EU Scraps Pesticide Cuts
The Agribusiness Update
Florida Farm Bureau is excited to offer the second annual Ag Policy and Commodity Forum in Gainesville, and the head of the European Commission announced plans to scrap a proposed cutting of EU pesticide use in half following protests.
California Wolf Funds Run Dry and NASS Data Shows 2% Drop in Cattle
The Agribusiness Update
Less than a year after California implements pilot program to compensate ranchers for livestock losses and economic impacts of wolves, the state runs out of money, and National Ag Statistics Service Cattle report shows a 2% decline in U.S. cattle inventory.
Georgia Peanut Farm Show & Conference and NASS Data Shows 2% Drop in Cattle
The Agribusiness Update
Georgia peanut growers attending the 47th Annual Georgia Peanut Farm Show & Conference at the UGA Tifton Campus had a total immersion in all things peanuts, and National Ag Statistics Service Cattle report shows a 2% decline in U.S. cattle inventory.
California Wolf Funds Run Dry and NASS Data Shows 2% Drop in Cattle
The Agribusiness Update
Less than a year after California implements pilot program to compensate ranchers for livestock losses and economic impacts of wolves, the state runs out of money, and National Ag Statistics Service Cattle report shows a 2% decline in U.S. cattle inventory.
New Venue for 2024 Commodity Classic
Line on Agriculture
The 2024 Commodity Classic is February 28 -March 2 in Houston, Texas.
Wahlberg Joins Clean Energy Campaign and India Trade Mission
The Agribusiness Update
Donnie Wahlberg has joined Clean Fuels Alliance America in a campaign to raise awareness about Bioheat Fuel, and USDA Undersecretary Alexis Taylor will lead an agribusiness trade mission to India in April.
USDA's $3-billion for Natural Disasters and US Milk Production Down
The Agribusiness Update
The USDA will provide more than $3 billion to commodity and specialty crop producers impacted by natural disasters in 2022, USDA’s latest Milk Production report shows production during September totaled 17.5 billion pounds, down slightly from September of last year.
USDA's $3-billion for Natural Disasters and US Milk Production Down
The Agribusiness Update
The USDA will provide more than $3 billion to commodity and specialty crop producers impacted by natural disasters in 2022, USDA’s latest Milk Production report shows production during September totaled 17.5 billion pounds, down slightly from September of last year.
Farm Bill Extension from NCBA
Washington State Farm Bureau Report
A top official for the National Cattlemen’s Beef Association says a likely farm bill extension could be a year or more and include some commodity payment fixes.
Cotton Council Applauds CCC Funds and Farm Bill Extension Likely
The Agribusiness Update
Cotton Council International applauds allocation of $1.3 billion in Commodity Credit Corporation funds to a new Regional Agricultural Promotion Program, and Congress will have to extend the life of the 2018 farm law into 2024 so it can finish work on its successor.
One Global Investor's View on Commodity Markets
Farm of the Future
Jim Rogers says looking at global supply and demand fundamentals has always been the basis of his trading.
Ukraine Boldly Exports Grain
Line on Agriculture
Brian Irey, grain trading expert and Crossroads Coop regional manager.
NFU on Farm Bill Delays
Washington State Farm Bureau Report
National Farmers Union President, Rob Larew says it is clear the 2023 Farm Bill will not be ready before the September 30, deadline.
Farm Bill Hold Up
Washington State Farm Bureau Report
Senate Ag Chair Debbie Stabenow says farm bill negotiations are taking more time than expected, slowing down drafting of a Senate farm bill.
Georgia's Ag Commodity Commission Appointments and Fertilizer Prices Down
The Agribusiness Update
Georgia Ag Commissioner Tyler Harper announced appointments to 13 of Georgia's Agriculture Commodity Commissions, and after reaching historic highs in 2022, prices for major fertilizers have trended lower since.
Record Spending on Food and More People Facing Hunger
The Agribusiness Update
New data from USDA’s Economic Research Service shows consumer spending on food reached a record in 2022, over 122 million more people around the world are facing hunger since 2019.