The decline in ag production loans issued at commercial banks helped loan balances drop by 5% in the second quarter compared to last year, according to a recent Federal Reserve Bank of Kansas City report. Some banks saw loan balances drop more than 10% from 2020. The Chicago Fed recorded a 35-year...

USDA has again lowered its 2021 and 2022 milk production estimates because of expectations for lower cow numbers and milk per cow.

China's total arable land amounted to almost 1.28 million sq km (490,000 sq miles) by the end of 2019, down nearly 6% compared with a decade earlier, according to a once-in-a-decade survey of the country's land use published recently.

The United Sorghum Checkoff Program is celebrating a new USDA forecast that estimates farmers will plant 7.3 million acres of the grain this year, a 24% increase from last year.“We have long known that U.S. sorghum’s potential is tremendous, whether as a solution in crop rotations that adds value...

You already know about “supply chain” issues with new pickup trucks, construction materials, computer chips and even Christmas presents. Have you considered how that might affect the corn and soybean harvest schedule this fall? 

Lawmakers from both sides of the aisle are joining farmers and ranchers in calling for the preservation of stepped-up basis, a tax provision farmers and ranchers rely on to pass their operations down to future generations.

USDA’s Economic Research Service forecasts inflation-adjusted net cash farm income (NCFI) - gross cash income minus cash expenses - to increase by $19.8 billion (17.2%) from 2020 to $134.7 billion in 2021. U.S. net farm income (NFI) is forecast to increase by $15 billion (15.3%) from 2020 to $113...

Agricultural producers' sentiment improved slightly in August compared to July as the Purdue University Ag Economy Barometer rose four points to a reading of 138 vs.134 a month earlier. The modest rise in the barometer was primarily attributable to an improvement in the Index of Current Conditions,...

Three years passed between the first time Cody Skinner talked to the potential sellers of the Grundy County farmland to the day the auction was held. It was worth the wait. Iowa Land Company, where Skinner works, sold 75.7 acres of farmland at auction August 27 for a whopping $22,600 per acre – a...

From Louisiana to New Jersey and beyond, damage caused by Hurricane Ida and the heavy rains, flooding, and tornadoes it brought north will be in the billions.

The National Corn Growers Association (NCGA) welcomed the reintroduction of The Next Generation Fuels Act (HR5089), legislation to transition gasoline and vehicles to low-carbon, higher octane fuel to reduce greenhouse gas (GHG) emissions and meet future needs of more advanced vehicles by taking...

The farming industry is undergoing a digital revolution, according to Dr. Gajendra Pratap Singh, Principal Investigator and Scientific Director at Disruptive & Sustainable Technologies for Agricultural Precision (DiSTAP) at Singapore-MIT Alliance for Research and Technology (SMART), MIT’s research...

USDA expects U.S. ag exports to hit a record for 2021’s fiscal year and top it again in 2022. In its August Quarterly Ag Export Forecast, the agency says exports in 2021 will top $173.5 billion, then increase to $177.5 billion the following year.

“There are definitely two different markets for ag tractors and combines,” explains Curt Blades, Senior VP of Ag Services for the Association of Equipment Manufacturers (AEM). “Everyone knows about the supply-chain issues that are hitting the entire industry, whether it’s buying tractors, combines,...

December corn closed sharply lower this week, but is well up from the early lows that had taken the market to its lowest level since July 12. Fears of a slow restart to the export facilities in Louisiana, with talk that power could be out for weeks, also helped to pressure the market. In addition,...