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Agriculture
Intelligence Report

May 8, 2023

Farmer Sentiment Rallied 6 Points in April

Farmer sentiment improved in Aprilas the Purdue University/CME Group Ag Economy Barometer rose 6 points to a reading of 123. Both of the barometer’s sub-indices were also higher in April, the Current Conditions Index was up 3 points to 129 and the Future Expectations Index was up 7 points to 120. A...

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May 8, 2023

Chapter 12 Farm Bankruptcies at Their Lowest Level  Since 2004

In 2022, the Chapter 12 bankruptcy rate reached the lowest level in nearly two decades, 0.78 bankruptcies per 10,000 farms. Under Chapter 12 bankruptcy, a financially distressed family farmer can propose and carry out a plan to repay their debts fully or partially, and the total number of these...

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May 8, 2023

Farmers Have a Ph.D in BS Detection!

Jan Johnson, President, Millennium Research, was recently listening to a marketing guru share her amazing words of wisdom for increasing sales. "Facts tell, stories sell," she declared with a doe-eyed look of "Aren't I smart?!"And stories have been used to sell a lot in the past few years. Jan was...

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May 8, 2023

California’s Water Irony Train is Full

Water, water everywhere, but not enough for agriculture.

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May 1, 2023

3 Trends that Will Drive the Food System of the Future

The food system is being reimagined today and farmers can benefit by thinking about how to improve their ability to take advantage of opportunities in the process, says Rob Dongoski, Partner and Food and Agribusiness Leader at Ernst and Young. He says the food system will be based around the...

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May 1, 2023

EPA Moves to Maintain E15 Summer Sales

The U.S. Environmental Protection Agency (EPA) announced that it will use existing authority to prevent drivers from losing access to lower-cost and lower-emission E15, a higher ethanol blend often marketed as Unleaded 88. 

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May 1, 2023

A Lesson in How to Stay Relevant in Ag Retail

The Editors of Crop Life Magazine have been busy accumulating frequent flyer miles as they criss-cross the country visiting with ag retailers, including independents, nationals and cooperatives to learn how business for these companies has changed since 1984 and how they stay relevant.

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May 1, 2023

3 Farmland Market Drivers to Consider Right Now

Doug Hensley is President of Hertz Farm Management. He says, “Since the first of the year, there haven’t been many highs made in the land market in the Midwest. Whether you’re in Illinois, Iowa, Southern Minnesota or Nebraska, it’s all the same story - strong land values, but no new highs.”

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May 1, 2023

John Deere to Have an All-electric Tractor by 2026

Whenever he talks about electric tractors, Jon Gilbeck always gets the inevitable question: When will big green tractors be electric powered? Well, don't expect any battery-powered 7R or 8R John Deere tractors anytime soon, but you can expect a smaller electric-powered John Deere tractor in a...

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May 1, 2023

New Interest in Fiber Hemp

Manufacturers want to use fiber hemp in textiles and other products. Manufacturing demand for fiber hemp is seen as strong. There aren’t enough farmers producing hemp to satisfy market demand.

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Apr 24, 2023

CAD Partner “Rural Minds” Sponsors “Connections” Free Webinar

If you were tuned into this year’s AgRally, we announced our partnership with Rural Minds to confront the mental health challenges in rural America and the stigma that surrounds mental illness.

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Apr 24, 2023

Farmers Borrow Less as Average Interest Rate on Operating Loans Exceed 7.5%

Sharp interest rate increases slammed the brakes on farmer borrowing, according to a quarterly survey of bankers conducted by the Kansas City Federal Reserve.

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Apr 24, 2023

Global Rice Shortage Possible in 2023

In 2023, the global market for rice could face its biggest shortage in decades, according to industry analysts. Production of rice is dropping and the industry is expected to experience its largest deficit between supply and demand in 20 years, according to Fitch Solutions, a credit ratings agency...

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Apr 24, 2023

CNH Industrial Exits Russia

CNH Industrial announced recently the divestiture of its business activities in Russia for a total consideration of approximately $60 million. This follows the company's announcement in March 2022 that it was suspending supplies to this market. Up until now, the payment of employee salaries and...

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Apr 24, 2023

Food Security Drives China to Cut Soymeal Use in Animal Feed

China's agriculture ministry recently issued a three-year action plan to reduce soymeal use in animal feed as it tries to reduce its heavy reliance on soybean imports.

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