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Agriculture
Intelligence Report

Aug 25, 2021

China Headed for Record Purchases of U.S. Ag Exports

Exporters sold $15.2 billion worth of American farm products to China in the first six months of 2021, raising the possibility of record sales this year, according to economist David Widmar earlier this week on the Agricultural Economic Insights blog. Sales are on pace to hit $33.7 billion, with...

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Aug 25, 2021

Key to Cleaner, More Affordable Energy Lies in Farm Fields

The leader of the Renewable Fuels Association (RFA) asked the Biden administration to boost ethanol production in response to rising gasoline prices, days after the administration called on OPEC-plus nations to boost oil production.

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Aug 25, 2021

Dairy Farmers to Get Pandemic Payments Due to Market Volatility

In an expansion of its pandemic portfolio, the Biden administration said it would pay an estimated $350 million to dairy farmers to offset lower milk prices caused by market abnormalities during the second half of 2020. The payments will benefit farms with smaller herds the most.

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Aug 18, 2021

Federal Reserve Says Strong Farm Economy Supports Fast Loan Paybacks

Farm income and credit conditions in the Federal Reserve’s Tenth District remained strong through the first half of 2021. Alongside a sharp turnaround in agricultural economic conditions and some continuing support from government programs related to pandemic relief, farm income and loan repayment...

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Aug 18, 2021

The Chicken Folks Want More Beef

Sales volume for beef products at Tyson Foods Inc. jumped 24% for third-quarter 2021. And, while most consumers think of Tyson Foods Inc. as "those chicken folks," a third-quarter report from the food giant signaled it plans to continue prioritizing its focus on beef.

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Aug 18, 2021

Higher Fertilizer Prices Could Be Coming – Why Should CAD Members Care?

The United States International Trade Commission (ITC) recently determined that there is a reasonable indication that imports of urea ammonium nitrate (UAN) from Russia and Trinidad and Tobago materially injure the UAN industry in the U.S. and are allegedly subsidized and sold in the United States...

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Aug 18, 2021

Fewer Tracts of Land for Sale Plus Cash-flush Buyers Cause Cropland Prices to Soar

The land market is hot. With few properties available and cash-flush Americans in a buying mood, landowners are cashing in on record-high prices for farmland and recreational properties.

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Aug 18, 2021

Hard-Hit Ranchers Buy Hay to Hold Herds in Drought

As drought worsens, emergency measures are taking place, and cattle producers have begun to ship in hay to survive. Big rigs stacked high with hay rolls are headed to the High Plains and other Western states, as ranchers in drought-stricken areas try to hold on to their herds a little longer.

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Aug 18, 2021

Pork Groups Help USDA Block African Swine Fever Entry into the U.S.

New cases of African Swine Fever (AFS) in the Dominican Republic have state and national pork groups assisting the USDA to prevent entry into the U.S.

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Aug 11, 2021

Year-to-date Tractor & Combine Sales Continue Strong

According to the latest report by the Association of Equipment Manufacturers (AEM), sales year-to-date are up in every category! Total 2WD tractors increased by 13.5%; 4WD tractors by a whopping 38.2%; and combine sales were up by12.6%. Comparing July 2021 with 2020, only the sales of 2WD tractors...

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Aug 11, 2021

What Does Luke Bryan, ACM Entertainer of the Year, Know About Farming? Actually, a Lot!

Luke Bryan is a farmer. He is also this year’s American Country Music Entertainer of the Year. And while he clearly has a passion for both occupations, there is also a deep devotion to his agriculture roots and the next generation of farmers and ranchers.

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Aug 11, 2021

CoBank Says Change Is Coming for U.S. Food and Agricultural Businesses

The widely anticipated summer economic boom is well underway and U.S. consumers are spending on services again. Jobs are abundantly available, but workers are scarce as the labor market is healing more slowly than most economists expected. According to a new Quarterly report from CoBank’s Knowledge...

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Aug 11, 2021

The Shipping Container Shortage is Getting Worse

Concerns that the international shipping crisis will get worse for U.S. agricultural exports before it gets better are being raised again. Shipping container costs continue to rise and incentives to "dead-head" empty containers to Asia for quicker turnaround are at the root of these concerns.

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Aug 11, 2021

Cannabis Bill Would Pave Way for CBD

A landmark new bill that would legalize marijuana would also create a legal pathway for the use of cannabidiol, or CBD, in dietary supplements. That would open up a commercial opportunity for industrial hemp producers.

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Aug 11, 2021

AquaBounty Plans Large-Scale Ohio Farm

AquaBounty Technologies has settled on Pioneer, Ohio, as the location for a large-scale farm to raise its genetically engineered Atlantic salmon. The 479,000-square-foot operation will be able to produce 10,000 metric tons of fish a year. It’s eight times the size of AquaBounty’s farm in Albany,...

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