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Agriculture
Intelligence Report

Aug 30, 2022

Soy Export Markets Thriving

According to USDA data, soybeans remain the top food and agricultural export for the United States.

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Aug 30, 2022

Fewer Hog Farms, But Far More Hogs Per Farm

In the space of a generation, U.S. hog production has transformed, even in the Midwest, with Iowa still the leader, according to a new USDA Hogs and Pigs report. There were half as many hog farms in the country in 2017 as there were in 1997, and the largest farms, often highly specialized...

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Aug 30, 2022

Rise of Precision Agriculture Exposes Food System to New Threats

Farmers are adopting precision agriculture, using data collected by GPS, satellite imagery, internet-connected sensors and other technologies to farm more efficiently. While these practices could help increase crop yields and reduce costs, the technology behind the practices is creating...

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Aug 30, 2022

Dairy Exports Up While Domestic Consumption Falls

Dairy sales in 2022 have been a mixture of good news and bad news. National Milk Producers Federation (NMPF) says overseas demand for U.S. dairy products is continuing at a blistering pace. The U.S. dairy industry achieved another record export volume in June by shipping 19.6 percent of its total...

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Aug 23, 2022

Farmer Earnings for 2021 Record High in Illinois

Based on Illinois Farm Business Farm Management Association (FBFM) records, average farm operator returns for labor and management on 2,053 Illinois farms was higher for all geographic areas in the state in 2021 compared to 2020 and above the average for the last five years.Higher corn and soybean...

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Aug 23, 2022

California’s E85 Market is Booming and Paying Off for U.S. Corn Farmers

California is the country’s largest domestic market for E85 fuel, and the state’s largest ethanol distributor says that’s good news for farmers.

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Aug 23, 2022

Inflation Drives More Middle and Higher-Income Shoppers to Walmart

Known around the world as a place to buy affordable groceries, general merchandise and more, Walmart says it sees inflation driving shoppers from a variety of income levels to its physical and online stores, as consumers prioritize spending.  CEO Doug McMillon made the observation during a fiscal...

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Aug 23, 2022

CA Utilities Say Solar Costs Them Too Much?

Proposed state net energy metering rules may prove to be a disincentive for agriculture and homeowners.

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Aug 23, 2022

Deere Reports 3Q 2022 Net Sales Up 25%

  • Third-quarter net sales rise 25%, bolstered by higher rates of production, despite continuing supply-chain pressures.
  • Full-year earnings outlook revised to range of $7.0 – $7.2 billion.
  • Strong order books and positive customer fundamentals to drive demand in 2023.

Deere & Company reported net...

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Aug 23, 2022

Deadly Rabbit Disease Confirmed in Washington and Oregon

The Washington State Department of Agriculture (WSDA) state veterinarian’s office confirmed the presence of rabbit hemorrhagic disease virus type 2 (RHDV2) - a highly contagious and fatal disease - in two Thurston County rabbits from a single household last week.

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Aug 16, 2022

Equipment Sales Mixed in July

The Association of Equipment Manufacturers (AEM) report for July show that sales of 100+HP tractors, 4WD tractors and combines were all in positive territory for the month of July 2022 versus July 2021. Sales of smaller horsepower tractors are down nearly 27.9% for July comparison and 17.8% for the...

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Aug 16, 2022

Nation's Largest Ethanol Producer POET Acquires Georgia Marine Terminal

With the ongoing battle for ethanol producers to secure shipping containers, POET (the largest ethanol producer in the U.S.) announced the acquisition of one of the largest rail-to-container terminals in the Southeast.

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Aug 16, 2022

Demand for Beef and Pork Holding Strong

Inflation continues to grab headlines, especially with food-at-home prices up more than 13% from last year.

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Aug 16, 2022

Ukraine’s Grain Exports Down by Half Despite Unblocked Ports

Ukraine's grain exports are down 46% year over year at 2.65 million tonnes so far in the 2022/23 season, according to the agriculture ministry.

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Aug 16, 2022

Chevron Renewable Energy Group Says Future is Bright for Biofuels

Earlier this summer, Chevron completed its acquisition of the Iowa-based company Renewable Energy Group – one of the largest producers of biodiesel and renewable diesel in the country. The newly formed Chevron Renewable Energy Group is headquartered in Ames, Iowa, and will be the central hub of the...

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