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Agriculture
Intelligence Report

Paul Kindinger

Recent Posts

Jan 17, 2023

USDA Says Bird Flu is the Cause of Higher Egg Prices

Egg prices at the grocery store were elevated throughout 2022 due to outbreaks of highly pathogenic avian influenza (HPAI) among egg-laying hens, said USDA economists. Because of the recurrent outbreaks, U.S. egg inventories were 29% smaller in late December than they were the start of 2022. The...

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Jan 17, 2023

What? Joe Burrow, Blake Griffin Among Athletes Investing in Farming

Top athletes across North America’s “big four” sports are trying something new: farming. Joe Burrow, Blake Griffin, Kevin Gausman, Anders Lee, and around 20 other athletes, are purchasing a farm in Iowa. The purchase was made from a fund of roughly $5 million for agricultural investments that each...

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Jan 10, 2023

Farmer Sentiment Improves on Stronger 2022 Income

The Purdue University/CME Group Ag Economy Barometer closed out the year on a positive note, rallying 24 points in December to a reading of 126. U.S. farmers were more optimistic about both their current situation and expectations for the future. The Current Conditions Index jumped 37 points to a...

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Jan 10, 2023

AFBF and Deere Sign MOU on “Right to Repair”

The President of the American Farm Bureau Federation (AFBF) signed a memorandum of understanding (MOU) with executives from John Deere that will give farmers more opportunity to diagnose and repair their own Deere tractors and other equipment.

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Jan 10, 2023

Farmland Sales Shatter Records in 2022

Farmers National Company Senior Vice President, Paul Schadegg, says the market began 2022 with plenty of momentum.  "Where we thought we’d probably see some settling in values, the exact opposite happened.”

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Jan 10, 2023

John Deere Unveils “ExactShot” Planter Technology at CES

John Deere Chairman and CEO John May became the first agriculture company executive to take the main stage for a keynote at a Consumer Electronics Show (CES) event, the tech industry’s top trade show. While there in Las Vegas, Deere unveiled ExactShot, a technology that uses sensors and robotics to...

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Jan 10, 2023

Supply Chain: Hoping for Smoother Sailing in 2023

If there was one reliable news headline throughout 2022, it was the unreliability of the transportation network, especially for waterborne cargo, according to Lara Sowinski at CropLife. From bulk agricultural commodities to parts and equipment and raw materials, no sector has successfully evaded...

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Jan 10, 2023

Controversial Chinese Corn Mill in North Dakota

Residents of Grand Forks, North Dakota, are wondering about the next steps for a Chinese company's proposed corn mill after a federal committee concluded that it doesn't have jurisdiction over the foreign land purchase despite the proximity to an Air Force base.

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Jan 2, 2023

Percentage of U.S. Total Export Value from Ag Hits New High

The total value of U.S. exports has grown at an average annual rate of six percent since 2002, reaching a record high of $1.4 trillion in fiscal year 2021. Agriculture's share of total U.S. exports has also steadily increased between fiscal years 2002 and 2021.The value of America's agricultural...

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Jan 2, 2023

Big Moves in Washington D.C. in 2023 Could Impact Farmers/Ranchers in Your Area

When it comes to Washington D.C., the crystal ball is always cloudy. In separating the signals (a few) from the noise (a lot), Jim Wiesemeyer, Pro Farmer policy analyst, is keeping his eyes on some key topics in the year ahead. Here’s what he has to say:

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Jan 2, 2023

Will South American Soybean Production Influence U.S. Crop Acreage?

Market analyst Arlan Suderman with StoneX expects U.S. corn acres to approach 92 million in 2023. He says that would be about a three-and-a-half-million acre increase from 2022.

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Jan 2, 2023

WRDA – The ‘Foundation for Modernization’ of Aging Water Infrastructure

The Fertilizer Institute (TFI) applauds Congress for passing the Water Resources Development Act (WRDA) of 2022, a key piece of legislation related to our nation’s water infrastructure.

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Jan 2, 2023

CAT Goes Electric?

Never thought you would see “Caterpillar” and “electric” in the same sentence? If man can fly in a drone, why not power a construction machine electrically?

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Dec 13, 2022

Farm Income Jumps to Record High

High commodity prices are predicted to propel U.S. net farm income to a record $160.5 billion this year, despite a steep climb in expenses, according to the U.S. Department of Agriculture. Farm income, a gauge of profitability, would be 14% higher than last year and twice as high as three years ago...

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Dec 13, 2022

Larger Tractors & Combines Sales Up Again in November

According to AEM’s U.S. ag equipment sales data, farmers and ranchers continue to spend money on large tractors and combines. Sales for November 2022 compared to 2021 show 100+HP tractors up 6.2%; 4WD tractors up by 7.1%; and combines increased by 8.3%. Smaller tractor sales decreased during the...

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