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Agriculture
Intelligence Report

Feb 5, 2024

The Link Between Oil and Ag

Understand why oil prices impact corn and soybean prices.

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Feb 5, 2024

Ripple Effects of Shipping Disruptions on U.S. Agriculture

A study from Sandro Steinbach and Yasin Yildirim of North Dakota State University and Xiting Zhuang of the University of Connecticut examines the current challenges in global shipping and their direct impact on U.S. agriculture. In Farmdoc they noted:

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Jan 30, 2024

Widespread Growth Underway in Dairy Industry

The head of the International Dairy Foods Association estimates more than $7 billion in processing expansions are currently underway across the U.S.

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Jan 30, 2024

Cattle Producers Remain Optimistic

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.9 million head on January 1, 2024. The inventory was 2% above January 1, 2023, according to USDA’s National Ag Statistics Service (NASS).

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Jan 30, 2024

Non-Real Estate Farm Loan Volume Down from Prior Year

by Nate Kauffman and Ty Kreitman, Federal Reserve Bank of Kansas CityNew non-real estate farm lending activity at commercial banks continued to decline in the fourth quarter of 2023. According to the Survey of Terms of Lending to Farmers, the volume of new non-real estate farm loans was about 15%...

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Jan 30, 2024

Biggest Problem Facing Agriculture is Lack of Labor

American Farm Bureau Federation (AFBF) President, Zippy Duvall, called on Congress to reform the guestworker program to ensure there are enough workers on the farm to produce America’s food. “It’s the biggest limiting factor that American agriculture has,” he said recently at the American Farm...

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Jan 30, 2024

Analyst: Record U.S. Corn and Soybean Crops are Possible this Year

U.S. farmers will plant enough land to corn and soybeans this spring to put record harvests within reach with normal weather and “trend-type” yields, said an S&P Global update. This was the second report to suggest that despite the USDA’s projection of a shift toward soybeans, many farmers will...

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Jan 30, 2024

MIT Rates Lab Grown Chicken “Meat” – One of 2023 Biggest Failures

The MIT Technology Review is a magazine and online publication that focuses on the exploration and analysis of emerging technologies and their impact on society. Each year, MIT highlights some of the worst technologies -- those that failed in epic ways -- and among that list for 2023 is cultivated...

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Jan 23, 2024

Combines and 4WD Tractors Close Out 2023 With Gains, Other Segments Declined

Year-over-year sales for combines, 4WD tractors and 100+ hp 2WD tractors closed out 2023 with gains compared with 2022. All other market segments declined in 2023, according to sales numbers from the Association of Equipment Manufacturers (AEM).

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Jan 23, 2024

Ethanol Market Forecast to Grow 63% to $153 Billion in 10 Years

The Ethanol market size was valued at $94.2 billion in 2022 and is anticipated to reach $153.5 billion by 2032. Ethanol is a versatile biofuel that has emerged as a crucial factor for transitioning to a sustainable and eco-friendly future. In addition, the growing concern of the purported...

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Jan 23, 2024

Blizzards Don’t Stop Farm Work

During that wicked cold spell earlier this month – the one with wind, subzero temperatures and snow – many people didn’t set foot out of the house for days.

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Jan 23, 2024

Is Foreign Farmland Ownership Putting the ‘Land of The Free’ at Risk?

How does a sale of 300 acres of farmland in the middle of nowhere suddenly become a geopolitical flash point between the world’s two superpowers?  

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Jan 23, 2024

John Deere Announces Strategic Partnership with SpaceX

Deere & Company announced recently it has entered into an agreement with SpaceX to provide satellite communications (SATCOM) service to farmers. Utilizing the Starlink network, this solution will allow farmers facing rural connectivity challenges to fully leverage precision agriculture...

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Jan 23, 2024

Latest Tech Shakes Up Fertilizer, Herbicide Space

New nitrogen sources, herbicide encapsulation and smart spraying offer novel crop production methods.

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Jan 15, 2024

Gasbuddy Gives Optimistic Diesel Market Outlook

A fuel economist says diesel prices have softened recently and the outlook is favorable for farmers moving forward.

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