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Agriculture
Intelligence Report

Paul Kindinger

Recent Posts

Mar 6, 2023

U.S. Championship Cheese Contest Declares a Winner

The U.S. Champion Cheese Contest has crowned a champion. An aged Gouda named Europa from Arethusa Farm Dairy in Bantam, Connecticut, was named the 2023 U.S. Champion Cheese! Head Cheesemaker Eric Schmid was surprised by the announcement. Schmid says he is originally from Wisconsin and moved east to...

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Mar 1, 2023

Majority of Farmers Polled Have Locked in 2023 Inputs

With higher-than-average costs and spring planting on the horizon, farmers are locking in their 2023 input needs.  Of the farmers responding to the January Purdue Ag Economy Barometer, 45% cited higher input costs as their top concern in 2023. 

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Mar 1, 2023

Farmland Values Aren’t Slowing Down

Economist Ernie Goss with Creighton University says farmland values have not reached their peak. “We’re seeing farmland prices go for as much as $25,000 an acre.”

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Mar 1, 2023

USDA Reports the Number of U.S. Farms

The recent USDA annual report on "Farm and Land in Farms" showed slight drops in farm numbers and farm acreage in 2021 compared with 2020.

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Mar 1, 2023

Cost of Keeping Working Capital in Inflationary Times

During a snowy winter day at a lender's conference in the Twin Cities of Minneapolis-Saint Paul, a lender asked a good question to one of the speakers. “What is the cost of keeping working capital and cash when inflation deflates real purchasing power?”

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Mar 1, 2023

Farmers Remain Silent So Family Can Buy Back Farm

This is a story that makes one continue to believe in humanity. If it were not for the kindness of these farmers, a young man named David and his family members would not have been able to win back the family farm in Nebraska.

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Feb 28, 2023

Can Algae Farming Provide Solutions for Food/Fuel/Cosmetics & Pharmaceuticals?

Algae farming, also known as "algaculture," has gained increasing attention recently for its potential applications in various fields. From food and fuel to cosmetics and pharmaceuticals, algae farming has enormous potential for sustainable development.

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Feb 21, 2023

Global Demand for U.S. Dairy Pushes Records

U.S. dairy exports maintained their record streak for the third time in 2022. Matt Herrick, Senior Vice President of Public Affairs and Communications, with the International Dairy Foods Association shares that new value and volume records were set last year. “It’s been off the charts.” “Ag exports...

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Feb 21, 2023

K.C. Federal Reserve Reports Ag Outlook Remains Positive

Growth in farm real estate values remains strong but shows signs of easing slightly alongside higher interest rates. The average interest rates on farm loans increased from record lows at the beginning of 2022 to decade highs by December.Despite the rapid rise in rates, the value of farmland...

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Feb 21, 2023

What’s Going on with Meat Demand

Here’s a little quiz: Which meat did U.S. consumers eat the most of in 2022?

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Feb 21, 2023

All Market Eyes on South American Soybean Production

Farmers from across North America at Top Producer Summit in Nashville, Tennessee, made it clear there is one issue top of mind: South American soybean production. 

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Feb 21, 2023

Farmers Say Labor is a Concern for 2023

Some farmers are concerned about attracting and retaining employees ahead of the 2023 season. North Central Indiana Farmer Scott Smith raises corn, soybeans, and processing tomatoes and says it’s becoming more challenging to find seasonal workers. “We depend a lot on seasonal labor and there’s a...

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Feb 21, 2023

Why Are Americans Quitting Plant-Based Meat

Plant-based meat looked poised to change the world — but then Americans stopped buying it. 

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Feb 13, 2023

Improvement in Farmer Sentiment Carries Over Into 2023

Following a sharp increase to close out 2022, the Purdue University/CME Group Ag Economy Barometer had a modest increase in January, up 4 points to a reading of 130. The rise in sentiment was primarily attributable to better expectations for the future as the Future Expectations Index improved by 5...

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Feb 13, 2023

January Large Tractor & Combine Sales Impressive

The Association of Equipment Manufacturers (AEM) recently released their sales report for January 2023. As expected, sales of smaller tractors of 100 HP or less were down for the first month of the year. However, sales of 4WD tractors were only down 2.2%, due in large part to lack of availability....

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