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Agriculture
Intelligence Report

Dec 18, 2023

Farmers Will ‘Pay Top Dollar for the Right Farm’ in 2024

Last December, some analysts predicted 2023 would be the year farmland prices would finally start to level off and, perhaps, even decline. That prediction hasn’t materialized quite the way many analysts expected, according to Paul Schadegg, Senior Vice President for Real Estate Operations at...

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Dec 18, 2023

Food Inflation to Slow in 2024

2023 Final Projections

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Dec 11, 2023

2023 Farm Income Second-Highest Ever

Although net farm income, a broad gauge of profitability, would be down sharply from the record $182.8 billion of 2022, it would be far above the 10-year average of $101.5 billion.

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Dec 11, 2023

Farmer Sentiment Improves Due to Stronger Financial Conditions

Agricultural producers’ sentiment increased for the second consecutive month, as the Purdue University/CME Group Ag Economy Barometer index for November rose 5 points to a reading of 115, a 12% increase compared to the previous year. The sentiment growth is largely attributed to farmers’ improved...

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Dec 11, 2023

Teenage Inventor Aims to Eliminate Grain Bin Deaths

After watching a video about grain entrapment in school, the wheels in Mason Gahler's mind started turning.  Since he was a little boy, Mason Gahler, 18, of Pierz, Minnesota, has been a “tinkerer.” His mom, Stacy Gahler, says, “He was always building something and coming up with new inventions.”

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Dec 11, 2023

AgTruckTrader Pro Rodeo Team Charities Could Use Your Help

The AgTruckTrader.com Pro Rodeo Team is currently rallying behind several charitable organizations. “When we are one, we can do good things, but when we are united as a team, we can do great things”, said Leighton Berry, team captain. “We want to use the power of our team dynamic to give back,...

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Dec 11, 2023

Farm Labor Costs Expected to Increase

In November, USDA-National Agricultural Statistics Services released the semi-annual Farm Labor Report (FLR). The report includes quarterly estimates of the number of hired workers, average hours worked per worker and average hourly wage rates. The report also provides an annual weighted average...

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Dec 11, 2023

The Online Market is Changing How Farmers Buy and Sell Machinery

Online shopping makes getting the things you want and need easy. Looking for a new pair of boots? Two clicks and they’re on the way. Wondering if something is in stock before making a 50-mile trip to town? Check inventory from your phone.

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Dec 3, 2023

South American Weather Continues to be the Big Market Mover

Dan Basse of AgResource Company, says, “Global weather is a concern for the markets, and it’s something that could continue to be a catalyst in the weeks ahead. We've got this drought going on in northern Brazil, the Amazon River is at a record low. This would need to go on to continue to impact...

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Dec 3, 2023

Look Out Iowa! Cropland Auction Sets Fresh Record in North Dakota

As mortgage rates climb to 20-year highs, near 8%, current high-interest rates are eating away at the housing market. This year is currently on pace to see the fewest home sales since 2008. However, farmland sales aren't witnessing the same sticker shock. In North Dakota, Pifer's Auctioneers says...

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Dec 3, 2023

Canada Prevails in Latest Dairy Dispute

Canada scored a major victory in the ongoing dispute with the United States over dairy market access. A dispute resolution panel initiated by the U.S. under the terms of the U.S.-Mexico-Canada Agreement (USMCA) determined that Canadian rules do not unfairly limit American producers.

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Dec 3, 2023

Bill Introduced to Strengthen Meat Labeling Laws

A new bill introduced by Senator Deb Fischer (R-NE) seeks to force imitation meat products to be more clearly labeled. The Real Marketing Edible Artificials Truthfully (Real MEAT) Act would require the word “imitation” to immediately proceed the name of the food on a label. If a product does not...

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Dec 3, 2023

Five Takeaways from Agritechnica 2023

After a four-year break, the crowds returned in force to one of the world’s largest farm shows, and there was plenty to see. The show, which normally runs every other year, was last at work in 2019. Plenty has changed in that time, and that was evident on a walk through the show floor.

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Dec 3, 2023

5 Tips for Harvesting and Keeping a Live Christmas Tree

Here are five tips from the National Christmas Tree Association (NCTA) for selecting and caring for a live Christmas tree at home:

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Nov 27, 2023

IMPORTANT:  100% Bonus Depreciation is Being Phased Down

Using bonus depreciation to offset gains on the trade of assets may not work going forward.

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