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Agriculture
Intelligence Report

Paul Kindinger

Recent Posts

Feb 16, 2022

Biggest Rise in Midwest Land Values in Over a Decade

Agricultural bankers reported a 22% increase in farmland values in the central Corn Belt during 2021, and they expect values to continue to rise in the opening months of this year, according to the Chicago Federal Reserve Bank in its recent quarterly AgLetter report. Iowa had the largest increase,...

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Feb 16, 2022

Ag Tractor Unit Sales Continue Growth Streak Into 2022

Overall ag tractor sales in the U.S. continued rising into January 2022, while combine harvesters slowed for the month according to the latest data from the Association of Equipment Manufacturers (AEM).

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Feb 16, 2022

Growth Energy Asks Biden to Approve Year-Round E15 Use to Combat Gasoline Prices

White House Press Secretary Jen Psaki recently said the administration continues to look for ways to lower gasoline prices. That prompted Growth Energy CEO, Emily Skor, to pen a letter to the Biden administration asking them to restore year-round E15 sales.

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Feb 16, 2022

New Study Reports Higher Cost Not “Concentration” Behind Pork Price Increases

In a report issued recently, economists with Iowa State University, North Carolina State University and the National Pork Producers Council (NPPC) found that pork prices have risen because of strong demand for U.S. pork, higher input costs and labor shortages throughout the supply chain, not...

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Feb 16, 2022

Cotton Acreage to Expand Amid Soaring Prices

Cotton farmers are expected to increase acreage by about 7% this year as they try to take advantage of prices that are the highest in years. According to the National Cotton Council’s (NCC) annual survey of planting intentions, farmers are expected to plant about 12 million acres this spring, up...

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Feb 10, 2022

Farm Income is Forecast Far Above Average for Second Year in a Row

Record-high expenses and sharply lower federal subsidies will erode farm income in 2022, according to a forecast by the U.S. Department of Agriculture. Nonetheless, U.S. agriculture could see one of its best years on record, with net farm income 26% above its 10-year average.

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Feb 10, 2022

2021 Ag Exports Reach the Highest Annual Levels Ever

The American agricultural industry posted its highest annual export levels ever recorded in 2021, Secretary of Agriculture Tom Vilsack announced yesterday. The final 2021 trade data published by the Department of Commerce shows that exports of U.S. farm and food products to the world totaled $177...

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Feb 10, 2022

Global Grain Stocks Tighten

Using global stocks to consumption ratios for corn, soybeans, and wheat since 2000 shows how grain stocks have tightened in recent years. While they generally remain above the lows observed roughly a decade ago, they are down from their recent high of 33% in 2016/17 but considerably above the...

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Feb 10, 2022

Fun Fact:  Americans Eating Record Amount of Chicken Wings During Superbowl

Americans are anticipated to consume 1.42 billion wings while watching the Cincinnati Bengals and Los Angeles Rams battle for the Lombardi Trophy, according to the National Chicken Council's (NCC) 2022 Wing Report.NCC spokesperson Tom Super says, "Like almost anything else you buy right now, wings...

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Feb 10, 2022

Ag Groups Push for Senate Shipping Legislation

Senators Amy Klobuchar, D-MN, and John Thune, R-SD, are in the final stages of releasing the Senate version of a bill to improve port conditions for agricultural exports. The House version passed in December, on a vote of 364-60, with strong support from the ag sector.

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Feb 10, 2022

New DNA Test Can Track Meat, Poultry and Seafood

Once a carcass is processed into hamburger, for example, how do you track it? One company is pioneering the use of DNA to link the entire supply chain from farm to fork. Merck's IdentiGen TraceBack tool allows buyers to follow food from farm to fork.

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Feb 2, 2022

Commodity Prices to Remain Strong in 2022

Corn, soybean, wheat and cotton prices are expected to remain strong in 2022 thanks to good demand, moderate supplies and weather-related production fears.

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Feb 2, 2022

U.S. Grain Export Sales Gain Momentum in Early January

Export sales of U.S. corn, wheat and sorghum all picked up in the second week of 2022, according to the latest weekly USDA trade data. Nigeria led the way in commitments for U.S. wheat, buying 101,300 metric tons – about a third of the overall sales of 380,600 tons – while Japan and Mexico were the...

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Feb 2, 2022

Top Food System Trends for 2022

2022 sure has an element of Groundhog Day to it. We’re waking up to surging COVID numbers once again, the supply chain still in tatters and much of the world now masters at living most of their lives from home.

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Feb 2, 2022

CAD Attends NCBA Trade Show and Meeting in Houston

Texas hosted thousands of cattle industry leaders for the National Cattlemen's Beef Association (NCBA) Annual Trade Show and Meeting in Houston. Thousands were in attendance at the 2022 event, including our very own CAD team, which was held at the George R. Brown Convention Center, February 1-3.

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