USDA’s Economic Research Service forecasts inflation-adjusted net cash farm income (NCFI) - gross cash income minus cash expenses - to increase by $19.8 billion (17.2%) from 2020 to $134.7 billion in 2021. U.S. net farm income (NFI) is forecast to increase by $15 billion (15.3%) from 2020 to $113...

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,...

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...

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.

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...

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...

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.

“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,...

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,...

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.

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...

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...

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

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.

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...