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Agriculture
Intelligence Report

Paul Kindinger

Recent Posts

Oct 5, 2022

Farmer Sentiment Drifts Lower, Rising Interest Rates Contribute to Uneasiness

The Purdue University-CME Group Ag Economy Barometer index drifted slightly lower to a reading of 112 in September which was 5 points lower than a month earlier. The decline in farmer sentiment was primarily the result of producers’ weaker perception of current conditions as the Current Conditions...

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Oct 5, 2022

Farmland Market Expected to Stay Strong in 2023

The farmland market is expected to remain strong going into 2023. Compeer Financial Senior Real Estate Appraiser Bill Mergen says he anticipates high bids at farm auctions this fall and winter despite rising interest rates.

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Oct 5, 2022

Record Turkey Prices Expected This Thanksgiving

Families can expect to pay record high prices at the grocery store for turkey this upcoming holiday season - thanks to the impacts of the bird flu and inflation. American Farm Bureau Federation economists analyzed turkey and egg costs in their latest Market Intel.The retail price for fresh...

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Oct 5, 2022

Cases Important to Agriculture to Be Considered by SCOTUS Soon

The U.S. Supreme Court (SCOTUS) begins its 2022-2023 term Monday, and two of the cases it will consider will be closely watched by U.S. agriculture, particularly National Pork Producers Council (NPPC).The most important for pork producers is NPPC vs. Ross, the case against California's Proposition...

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Oct 5, 2022

Wine Industry Survey Shows Optimism

It’s comparable to the old investment company advertising that announced, essentially, “When our company speaks, everybody listens.”

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Sep 27, 2022

USDA Expects Strong Farm Economy in 2023

USDA’s Chief Economist, Seth Meyer, says the ag economy remains strong, but volatility will likely continue through 2023. 

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Sep 27, 2022

Record Milk Prices Likely for 2022

U.S. milk prices are on pace for a record-setting year. National Milk Producers Federation (NMPF) Chief Economist Peter Vitaliano says this year will likely top 2014’s all milk price record by nearly two dollars per hundredweight. “We’re looking at $25.70 right now as the likely average that’s...

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Sep 27, 2022

U.S. Lists Ag as “National Security Interest”

The Biden Administration directed the Treasury-led committee that scrutinizes foreign investment in America to consider the national security impact any deals would have on U.S. technological leadership, including biotechnology and “elements of the agricultural industrial base that have...

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Sep 27, 2022

U.S. and Brazil Can Expect a Greater Supply of Fertilizer

Key commodity growing markets in the Americas, particularly Brazil and the U.S., can expect a “healthier supply” of fertilizers than last year, according to the latest Rabobank North American Agribusiness Review.

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Sep 27, 2022

Rodeo Event Banned in California – What’s Next?

A sweeping ban on equipment used in rodeo events, including ropes, spurs and straps, as well as the events themselves, was recently largely voted down by California's Alameda County Board of Supervisors. The board did, however, agree to prohibit a ranch rodeo event known as "wild cow milking" where...

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Sep 21, 2022

Harvest is Underway…

The USDA’s national condition ratings for corn and soybeans dipped slightly last week. That’s typical for this time of year as harvest starts to pick up steam.As of Sunday, 52% of U.S. corn is rated good to excellent, down 1% on the week, with 87% dented, 40% mature, and 7% harvested, all behind...

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Sep 21, 2022

72% of Americans Now Living Paycheck to Paycheck

Seventy-two percent of Americans would experience financial difficulty if their paychecks were delayed for a week, according to results from the 2022 "Getting Paid in America" survey conducted by the American Payroll Association (APA). This is a nine percent increase from the 63 percent of...

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Sep 21, 2022

The Other Pandemic: Bird Flu Found in 40th State This Year

Scientists confirmed a backyard flock of poultry in northwestern Tennessee was infected with highly pathogenic avian influenza (HPAI), part of a resurgence of the disease in the central states. Some 3.37 million birds in domestic flocks have died of bird flu so far this month. Nationwide losses...

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Sep 21, 2022

Driscoll's to Grow Strawberries in World's Largest Indoor Vertical Farm

‌Indoor vertical-farming‌ ‌company‌ ‌Plenty‌ ‌Unlimited‌ ‌Inc.‌ confirmed plans with the City of Richmond to build the world’s largest indoor vertical farming campus in Virginia with a $300 million investment in Chesterfield County’s Meadowville Technology Park.

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Sep 21, 2022

A Changing of the Guard for Big Machinery Marketing?

At the recent Husker Harvest Days in Grand Island, Nebraska, several large manufacturers were notably absent from the trade show maps. AGCO and Claas deferred their traditional corporate show presence to dealers Butler Machinery and Nebraska Harvest Center, while John Deere was absent altogether.

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