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Agriculture
Intelligence Report

Dec 15, 2021

Cropland Values Soar by 15% in the Midwest and Plains

High commodity prices and low interest rates fueled a sharp 15% increase in the value of cropland in the Midwest and Plains in the third quarter, according to surveys of ag bankers by four regional Federal Reserve banks (Chicago, Kansas City, Minneapolis and Dallas). “Alongside prospects for...

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Dec 15, 2021

U.S. Farm Exports to Set a Record

According to the USDA, agricultural export sales are forecast at a record $175.5 billion this fiscal year, but just like the record set last year, the crest was not as high as it looked in the summer.

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Dec 15, 2021

Farmers Rank John Deere Top Tractor Brand

In the recently released 2021 Progressive Farmer Reader Insights Study, John Deere was ranked the top tractor brand in the Most Durable, Best Ownership Experience and Highest Owner Loyalty categories for full size tractors.                                     

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Dec 8, 2021

USDA Revised Forecast Shows Highest Farm Income Level Since 2013

USDA's Economic Research Service (ERS) updated the 2021 farm sector profit projections last week. The ERS now forecasts U.S. net farm income to increase by $18.4 billion from 2020 to $116.8 billion in 2021. Net farm income is a broader measure of farm sector profitability that incorporates noncash...

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Dec 8, 2021

Farmer Concern Over Rising Costs in 2022 Increases While 2021 Financial Performance Improves

The Purdue University/CME Group Ag Economy Barometer slipped 5 points in November to a reading of 116 as farmers continue to be concerned about the future outlook for the agricultural economy.

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Dec 8, 2021

Is Marketing Worth It When Dealers Can't Get Inventory?

As you should know, Certified Agriculture Dealerships are the ONLY agriculture facing program in the entire automotive industry. Farmers will ALWAYS give their business to a specialty agriculture store first, IF they have that option in the market. Which they DO, with YOU. 

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Dec 8, 2021

Sanctions on Potash Fertilizer Imports Lifted Temporarily

Sanctions on some potash fertilizer imports are being temporarily lifted which should help ease shortages.

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Dec 8, 2021

Livestock Trucking Industry Also Struggling with Labor Shortages

Labor shortages continue to plague the ag industry, and the livestock sector is no exception. Jara Settles with the Livestock Marketing Association says the labor squeeze goes beyond processing facilities. “Even our own livestock auction markets members have been seeing labor as a huge challenge,”...

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Dec 8, 2021

Tyson Foods to Pay Frontline Workers $50 Million in Bonuses

Tyson Foods said this week that it will pay about $50 million in year-end bonuses to frontline and hourly meatpacking workers starting this month, as companies compete to attract and retain employees. The one-time bonuses for 86,000 eligible Tyson employees will be based on tenure and range from...

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Dec 8, 2021

Catch a Glimpse of the First Ag-Fueled Flight and Learn How Inflation is Hurting Low and Mid-Income Consumers

This short, but informative video chronicles the first commercial airline flight using agriculturally-based fuel. The video also tells how inflation is impacting purchasing decisions of consumers, especially those with lower to middle incomes. And – there’s a special treat at the end.

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Dec 8, 2021

‘Lose, Lose’ for Producers if Deere Strike Continues

There is still no agreement between Deere & Company and its union employees as the labor strike continues.

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Dec 8, 2021

2021 Turkey Production and Inventory Trends

Given all the attention about food prices headed into the holiday season, let’s step back and consider the underlying supply situation. With turkey on our minds, we dig into the monthly production and cold storage data for turkeys, which have been tight this fall.

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Dec 2, 2021

Nitrogen Fertilizer Triples in Price:  CAD Members Can Help Farmers Save Thousands!

It’s hard to believe that the cost of nitrogen fertilizer has tripled in the last year! Kyle Walker, a farm manager based in central Iowa for Peoples Company, was recently named Syngenta’s Professional Farm Manager of the Year. He says, “I know anhydrous was over $1,200 a ton the other day and last...

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Dec 2, 2021

NCBA TO USDA: Halt Brazilian Fresh Beef Imports

The National Cattlemen’s Beef Association says it’s time to keep Brazilian fresh beef out of the US. Ethan Lane, Vice President of Government Affairs, recently told Brownfield News that Brazil’s inability to adhere to rules set by the World Organization for Animal Health for reporting cases of...

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Dec 2, 2021

Indiana to be Home to the Largest U.S. Solar Farm

This will be the last year that Norm Welker and his family harvests corn. But Welker will still be a farmer — he’s going to farm the sun. 

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