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Agriculture
Intelligence Report

Mar 2, 2022

Inflation to Persist Amid Energy, Supply Woes

In January 2022, inflation reached its highest yearly increase at 7.5% in nearly 40 years. But are these high rates here to stay, or are they only a temporary symptom of COVID-19 and the recent supply chain-related disruptions?

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Mar 2, 2022

Farmer Sentiment Rises; Concern Over Production Costs Remains

Farmer sentiment continues to fluctuate month-to-month as the Purdue University/CME Group Ag Economy Barometer rose 6 points to a reading of 125 in February, a mirror image of the previous month. The Index of Current Conditions was down 1 point to a reading of 132, while the Index of Future...

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Mar 2, 2022

U.S. Sending $54 million in Food, Emergency Supplies to Ukrainians

The U.S. Agency for International Development and State Department are dispatching $54 million in food, water, hygiene supplies, blankets and other emergency goods to Ukrainians trying to survive the invasion of Russian troops.“The United States is the single largest donor of humanitarian...

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Mar 2, 2022

U.S. Fresh Potato Exports had a Boom Year in 2021

During 2021, U.S. fresh potato exports soared 13% in value and 19% in volume compared with 2020, according to USDA numbers.

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Mar 2, 2022

Ag Organization Applauds Supreme Court Decision to Hear Clean Water Act Case

American Farm Bureau Federation (AFBF) President Zippy Duvall commented recently on the U.S. Supreme Court decision to hear Sackett v. Environmental Protection Agency, which challenges EPA’s overreach of its Clean Water Act jurisdiction.

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Mar 2, 2022

Tariff-free U.S. Wheat Arrives in Vietnam

The U.S. Wheat Associates (USWA) is celebrating the arrival of 68,350 metric tons of wheat from the Pacific Northwest and Northern Plains, in Vietnam. The group says it’s the first shipment to arrive there since Vietnam agreed in December to eliminate its 3% tariff on U.S. wheat.“Eliminating the...

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Feb 23, 2022

Farm Bankruptcies Down Dramatically in 2021

For the first time in the last decade, every region in the United States had fewer Chapter 12 farm bankruptcies in the last year, compared to the year before.  The decrease in bankruptcy filings is a noteworthy shift given the increases in the number of bankruptcies over the previous three years.

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Feb 23, 2022

Global Ag Equipment Production Projected to be Positive Again in 2022

Agricultural equipment production ended 2021 above the previous year's levels in North America and around the world, and is forecast to increase in 2022 as well.

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Feb 23, 2022

Ethanol Diesel Engine Passes Road Test

ClearFlame Engine Technologies, a startup company developing technology that allows diesel trucks to run on straight renewable fuels, recently successfully completed an on-road test.

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Feb 23, 2022

Bird Flu Now Spread to 13 States

USDA’s Animal and Plant Health Inspection Service (APHIS) has announced more findings of highly pathogenic avian influenza in the U.S., this time in what it called a “non-commercial, non-poultry flock” in Maine. The confirmation in the as-yet unidentified species makes Maine the 13th state in which...

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Feb 23, 2022

Crop Protection Prices Skyrocket, So Do Investments in Bio-Alternatives

Start-ups developing biological input alternatives for crops raised just over $892 million worldwide last year, according to preliminary data from AgFunder. That’s well over double their total funding haul for the previous year, indicating just how much interest in the space has grown.

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Feb 16, 2022

Biggest Rise in Midwest Land Values in Over a Decade

Agricultural bankers reported a 22% increase in farmland values in the central Corn Belt during 2021, and they expect values to continue to rise in the opening months of this year, according to the Chicago Federal Reserve Bank in its recent quarterly AgLetter report. Iowa had the largest increase,...

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Feb 16, 2022

Ag Tractor Unit Sales Continue Growth Streak Into 2022

Overall ag tractor sales in the U.S. continued rising into January 2022, while combine harvesters slowed for the month according to the latest data from the Association of Equipment Manufacturers (AEM).

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Feb 16, 2022

Growth Energy Asks Biden to Approve Year-Round E15 Use to Combat Gasoline Prices

White House Press Secretary Jen Psaki recently said the administration continues to look for ways to lower gasoline prices. That prompted Growth Energy CEO, Emily Skor, to pen a letter to the Biden administration asking them to restore year-round E15 sales.

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Feb 16, 2022

New Study Reports Higher Cost Not “Concentration” Behind Pork Price Increases

In a report issued recently, economists with Iowa State University, North Carolina State University and the National Pork Producers Council (NPPC) found that pork prices have risen because of strong demand for U.S. pork, higher input costs and labor shortages throughout the supply chain, not...

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