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Agriculture
Intelligence Report

Jul 24, 2023

U.S. Peanut Industry Focuses on Expanding Export Markets

The U.S. peanut industry won’t give up on current export markets and remains committed to finding new ones as U.S. peanut production is expected to continue to grow in the years to come.

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Jul 24, 2023

USDA Reports Consumers’ Food Spending Hit Record High in 2022

According to USDA Economic Research data that was updated in June, real, or inflation-adjusted, annual food spending in the United States increased steadily from 1997 to 2022, except in 2008 and 2009 during the Great Recession and in 2020 during the Coronavirus (COVID-19) pandemic.Food spending...

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Jul 24, 2023

The Main Reason Russia Canceled Ukraine Export Agreement

Russia's withdrawal from a deal that had kept Ukrainian grain flowing to world markets has sent prices soaring in recent days. A main beneficiary of the surge: Russia itself.

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Jul 24, 2023

Spice Up Your Life a Little: SPAM Reveals New Variety

The makers of the SPAM brand say they created the new flavored variety following an outpouring of fan-developed recipes and consumer insights and feedback.

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Jul 17, 2023

June Total Farm Tractor Sales Positive Year-Over-Year

Total farm tractor unit sales in the U.S. turned positive for the first time in 2023, led by continued strength in large tractors and combines according to the latest data from the Association of Equipment Manufacturers (AEM).

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Jul 17, 2023

High-Quality Farmland Is Still Inching Up in Price Across 18 States

The number one question farmers are asking Paul Schadegg today is whether land values have finally hit a plateau after their long, multi-year run of growth.

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Jul 17, 2023

Scattered Rain Showers Return to Corn Belt

Following an incredibly dry June, early July saw the return of much-needed rainfall for parts of the corn-growing region. However, drought remains, and several key states still need moisture.

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Jul 17, 2023

Egg Prices Are Settling Back Down

It has been a rollercoaster year for egg prices. Wholesale egg prices reached record highs in 2022 after avian influenza resulted in significant reductions in egg-laying flocks, according to USDA’s Economic Research Service.

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Jul 17, 2023

Move Over Bacon, the Pork Chop is Back

Bacon has gained in popularity, leaving pork chops in the dust. By teaching consumers new and innovative ways to prepare a pork chop, the National Pork Board (NPB) is hoping to add value to this middle meat. 

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Jul 17, 2023

Does an Emoji Equate to a Grain Contract Signature?

In a case from Saskatchewan, Canada, a farmer must follow through on a $82,000 contract for flax which was confirmed via a text message stream answered by a thumbs-up emoji. 

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Jul 10, 2023

Farmer Sentiment Rebounds on More Optimistic View of Future

The Purdue University/CME Group Ag Economy Barometer index improved in June, rising 17 points to a reading of 121. The upswing in sentiment was driven by producers’ more optimistic view of the future; however, their perception of current conditions remained unchanged from May. The Index of Future...

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Jul 10, 2023

Derecho Winds of 100 MPH Flattens Cornfields Across the Midwest

Hurricane-force winds swept through northern Missouri and Iowa and all the way east to Illinois and Indiana recently. The derecho brought wind gusts up to 100 mph in places, flattening cornfields. The storm system also brought crucial rains. While it might not be enough to cure the drought, the...

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Jul 10, 2023

Profit-Sharing is Taking Root in the Wine Industry

Giving workers a slice of the pie has proven to increase production and solve labor shortages — can it be replicated in other sectors of agriculture?

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Jul 10, 2023

Ireland Proposes Culling 200,000 Cows to Help Meet Climate Goals

Countries across Europe are working to fulfill their commitment to shift to a climate-neutral economy. Under the European Green Deal, the climate neutrality objective becomes a legal commitment for the 27 agreeing countries to reduce greenhouse gas (GHG) emissions by at least 55% by 2030. However,...

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Jul 10, 2023

Cell-cultivated Pork and Chicken Coming to a Store Near You?

Czech startup, Mewery, has introduced the first-ever burger with cell-cultivated pork – and plans to enter the U.S. market. Uniquely, Mewery’s product combines porcine cells with microalgae cells.

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