Although the cost of production rose in both countries in 2023, U.S. corn growers have an advantage over their Brazilian rivals with lower per-bushel costs, according to four agricultural economists at the farmdoc daily blog. The United States grows three times as much corn as Brazil, but Brazil is...

U.S. farmers’ sentiment changed very little in December compared to the preceding month. The Purdue University-CME Group Ag Economy Barometer recorded a reading of 114. The Current Conditions Index for December was 112, while the Future Expectations Index was 115.

The biggest problem for farm margins heading into 2024 is the elevated cost of production. While fertilizer prices have fallen, other costs of production remain stubbornly high. However, ag commodities will benefit from more upside price risk than down in 2024. Global grain and oilseed stock...

The renewable diesel boom and the smaller U.S. soybean harvest of 2023 will drive an expansion of soybean acreage in 2024, reducing acres available for other crops. The biofuel sector at large carries the momentum of historically large profit margins into the new year. Both ethanol producers and...

Profitability for the U.S. livestock sector should improve modestly in 2024, as lower feed costs and steadfast domestic demand offset weaker global export conditions. Beef packers will continue to struggle with shrinking supplies of available cattle. Tighter cattle numbers, flat pork supplies and...

Global dairy commodity markets likely reached their bottom in 2023, and the general trend is for prices to move higher in 2024. Demand will be key.

Last December, some analysts predicted 2023 would be the year farmland prices would finally start to level off and, perhaps, even decline. That prediction hasn’t materialized quite the way many analysts expected, according to Paul Schadegg, Senior Vice President for Real Estate Operations at...

2023 Final Projections

Although net farm income, a broad gauge of profitability, would be down sharply from the record $182.8 billion of 2022, it would be far above the 10-year average of $101.5 billion.

Agricultural producers’ sentiment increased for the second consecutive month, as the Purdue University/CME Group Ag Economy Barometer index for November rose 5 points to a reading of 115, a 12% increase compared to the previous year. The sentiment growth is largely attributed to farmers’ improved...

After watching a video about grain entrapment in school, the wheels in Mason Gahler's mind started turning.  Since he was a little boy, Mason Gahler, 18, of Pierz, Minnesota, has been a “tinkerer.” His mom, Stacy Gahler, says, “He was always building something and coming up with new inventions.”

The AgTruckTrader.com Pro Rodeo Team is currently rallying behind several charitable organizations. “When we are one, we can do good things, but when we are united as a team, we can do great things”, said Leighton Berry, team captain. “We want to use the power of our team dynamic to give back,...

In November, USDA-National Agricultural Statistics Services released the semi-annual Farm Labor Report (FLR). The report includes quarterly estimates of the number of hired workers, average hours worked per worker and average hourly wage rates. The report also provides an annual weighted average...

Online shopping makes getting the things you want and need easy. Looking for a new pair of boots? Two clicks and they’re on the way. Wondering if something is in stock before making a 50-mile trip to town? Check inventory from your phone.

Dan Basse of AgResource Company, says, “Global weather is a concern for the markets, and it’s something that could continue to be a catalyst in the weeks ahead. We've got this drought going on in northern Brazil, the Amazon River is at a record low. This would need to go on to continue to impact...