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Agriculture
Intelligence Report

Sep 8, 2021

Farmer Sentiment Improves in August, BUT Inflationary Pressures Mount

Agricultural producers' sentiment improved slightly in August compared to July as the Purdue University Ag Economy Barometer rose four points to a reading of 138 vs.134 a month earlier. The modest rise in the barometer was primarily attributable to an improvement in the Index of Current Conditions,...

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Sep 8, 2021

Farmland Values Skyrocket, Increases Expected to Continue

Three years passed between the first time Cody Skinner talked to the potential sellers of the Grundy County farmland to the day the auction was held. It was worth the wait. Iowa Land Company, where Skinner works, sold 75.7 acres of farmland at auction August 27 for a whopping $22,600 per acre – a...

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Sep 8, 2021

Ag Damage Assessments from IDA Underway

From Louisiana to New Jersey and beyond, damage caused by Hurricane Ida and the heavy rains, flooding, and tornadoes it brought north will be in the billions.

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Sep 8, 2021

Next Generation Fuels Act Provides Key Piece of the Clean Energy Solution

The National Corn Growers Association (NCGA) welcomed the reintroduction of The Next Generation Fuels Act (HR5089), legislation to transition gasoline and vehicles to low-carbon, higher octane fuel to reduce greenhouse gas (GHG) emissions and meet future needs of more advanced vehicles by taking...

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Sep 8, 2021

Three Main Components Causing the Digital Agriculture Revolution

The farming industry is undergoing a digital revolution, according to Dr. Gajendra Pratap Singh, Principal Investigator and Scientific Director at Disruptive & Sustainable Technologies for Agricultural Precision (DiSTAP) at Singapore-MIT Alliance for Research and Technology (SMART), MIT’s research...

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Sep 1, 2021

USDA Forecasts Record Ag Exports – Times Two!

USDA expects U.S. ag exports to hit a record for 2021’s fiscal year and top it again in 2022. In its August Quarterly Ag Export Forecast, the agency says exports in 2021 will top $173.5 billion, then increase to $177.5 billion the following year.

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Sep 1, 2021

Watch Video as AEM VP Explains How Farmer Optimism Effects Tractor & Combine Sales

“There are definitely two different markets for ag tractors and combines,” explains Curt Blades, Senior VP of Ag Services for the Association of Equipment Manufacturers (AEM). “Everyone knows about the supply-chain issues that are hitting the entire industry, whether it’s buying tractors, combines,...

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Sep 1, 2021

Hurricane Ida Causing Disruptions in Shipping and Crop Contamination Warnings from FDA

December corn closed sharply lower this week, but is well up from the early lows that had taken the market to its lowest level since July 12. Fears of a slow restart to the export facilities in Louisiana, with talk that power could be out for weeks, also helped to pressure the market. In addition,...

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Sep 1, 2021

Ag Equipment Dealers Scramble to Serve Farmers Amid Chip Shortage

The shortage of semiconductor chips has been making news in the automotive industry for months, but the impact is farther reaching. Matt Ramage, who represents Hutson, Inc., a John Deere dealership network, said Hutson and other dealers have been preparing.

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Sep 1, 2021

RABO Carbon Bank Launches First U.S. Pilot with Farmers

A group of farmers in three states have completed the initial benchmarking phase of Rabo Carbon Bank's first carbon sequestration and soil health pilot program in North America. Participating farmers will receive compensation for implementing regenerative agricultural practices that enrich their...

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Sep 1, 2021

American Coalition for Ethanol Unveils Flex Fuel Vehicle with Lower Emissions than Electric Powered

With the push to net-zero vehicles over the next 10 to 30 years, and with "net zero" being understood as electric vehicles (EVs), the American Coalition for Ethanol (ACE) unveiled a vehicle demonstration project at its recent conference that could disrupt this narrative and timeline by showing...

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Sep 1, 2021

Deere, UAW Begin Negotiations

Deere & Co. and the International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America (UAW) have started negotiations on a new labor agreement.

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Aug 25, 2021

Cattle Markets to be Explosive!

Get ready, beef producers, for a good ride. That’s the message from beef industry market experts at CattleFax. They told it to the beef producers gathered in Nashville for the 2021 Cattle Industry Convention.

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Aug 25, 2021

Rainfall Makes a Welcome Return to the Northern Plains

For the first time in what seems like forever, the Northern and High Plains saw a wetter-than-normal week while much of the rest of the Corn Belt was drier than normal in the week ending August 21. The bulk of the precipitation arrived in the latter part of the week while the front half of the week...

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Aug 25, 2021

Pro Farmer Releases It's Crop Tour Yield Estimates - Tops USDA Forecasts

Pro Farmer, a division of Farm Journal, recently shared its much-anticipated production estimates for the 2021 U.S. corn and soybean crops after analyzing information from the 29th annual Pro Farmer Crop Tour and other sources. The estimates are formed by data and observations collected through an...

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