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Agriculture
Intelligence Report

Paul Kindinger

Recent Posts

Nov 1, 2022

Fed Banks Offer Their Observations on the Ag Economy

The Federal Reserve Board released its October 2022 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy.* Sixth District- Atlanta- Agricultural conditions in the...

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Nov 1, 2022

Deere to Shift Production from China to U.S.

According to a recent report from SeekingAlpha, Deere is expanding its factory in Thibodaux, Louisiana, and adding 70 jobs.

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Nov 1, 2022

2022-2023 National FFA Officer Team Elected

The 2022‐23 National FFA Officer team was elected during the final session of the 95th National FFA Convention & Expo in Indianapolis. Students from Illinois, North Carolina, Oklahoma, Pennsylvania, Texas and Virginia were elected by National FFA Delegates to serve as 2022‐2023 National FFA...

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Nov 1, 2022

Russia Pulls Out of Ukrainian Grain Export Deal

Traders are bracing for a fresh spike in grain prices after Russia’s exit from a deal allowing Ukraine crops to move from the Black Sea to the countries most in need. The sudden move by Russia has left leaders scrambling to rescue the UN-and-Turkey-brokered agreement credited with saving vulnerable...

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Nov 1, 2022

Producers Express Concern About Interest Rate Policy

Farmer sentiment was slightly lower in October as the Purdue University/CME Group Ag Economy Barometer dropped to a reading of 102. Both of the barometer’s sub-indices also declined this month.

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Oct 27, 2022

E30 Demonstration Shows Fuel's Promise

Results of a study recently released by Nebraska Governor Pete Ricketts shows that the use of E30 in state non-flexible fuel vehicles for one year found no observable negative effects on vehicle performance or costs per mile.

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Oct 27, 2022

Goldman Sachs Invests in Ag Production/Processing

Columbia Fruit Packers of Wenatchee and Frosty Packing of Yakima will merge to form New Columbia Fruit Packers after an investment from Goldman Sachs Asset Management.

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Oct 27, 2022

Cattle Herd Contraction Continues

University of Missouri livestock economist Scott Brown says the latest livestock slaughter report from the USDA indicates producers are liquidating cows and they aren’t holding back replacement heifers. Cows and replacement heifers are female breeding stock that would be used to produce more beef...

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Oct 27, 2022

Low Mississippi River Levels Could Cause $20 Billion in Losses

AccuWeather forecasts economic losses of $20 billion from the Mississippi River’s historically low water levels. Senior Meteorologist Paul Pastelok says the low levels have caused barge traffic to come to a near standstill, and he doesn’t expect any significant change in the levels until early next...

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Oct 27, 2022

American Egg Board Announces the “Eggcelerator Lab”

The American Egg Board (AEB) has launched the Eggcelerator Lab to drive industry innovation by bringing new products to market, thus, increasing demand for eggs. AEB President and CEO Emily Metz says the innovation hub will increase opportunities for America’s egg farmers.

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Oct 18, 2022

Harvest is Advancing Rapidly for Many Crops

The USDA says the U.S. corn and soybean harvests made solid advances last week. There was precipitation in parts of the Midwest and Plains, including snow in some northern areas, but overall, conditions allowed for good progress, with more generally dry weather expected this week.As of last Sunday,...

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Oct 18, 2022

Technology Makes Dairy Farming More Productive, Sustainable

At the recent World Dairy Expo, the Association of Equipment Manufacturers, National Milk Producers Federation and Dairy Farmers of America unveiled the results of a study about the benefits of modern dairy technologies. The study looked at how technology has positively impacted consumers, dairy...

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Oct 18, 2022

Interest Rates May Not Impact Demand for Farmland

An ag economist says high interest rates may not have a major impact on the demand for farmland heading into 2023. Nathan Kauffman is with the Kanas City Federal Reserve Bank. “Normally, what we would expect when we see high interest rates is that it could push back on the sentiment on farmland,...

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Oct 18, 2022

Climate-smart Potatoes?

Oregon State University (OSU) has been awarded a $50 million grant from the U.S. Department of Agriculture to work with farmers and Native American Tribes on cropping practices that can enhance soil health and reduce the carbon footprint of the Pacific Northwest potato industry. Jeffrey Steiner is...

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Oct 18, 2022

Possible U.S. Rail Strike Now Back on the Table

Just when we all thought the potential for a rail strike was behind us, we now learn that may not be the case. A labor strike along U.S. railroads is apparently still a possibility after the third-largest railroad union rejected a tentative labor agreement this week. The agreement had the support...

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