China recently placed its largest order of US pork since the start of the trade war. A livestock economist says he wasn’t surprised. In this Managing for Profit, Steve Meyer with Kerns and Associates talks about the buy and how the ongoing battle with African Swine Fever will impact their consumption of US pork into …
Category: Ag News
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Dec 03
Quick pace continues for corn export inspections
The USDA says corn export inspections as of the week ending November 29th remain ahead of the anticipated pace for the 2018/19 marketing year. Wheat came out at 472,665 tons, up 185,062 from the week ending November 22nd and 61,691 higher than the week ending November 30th, 2017. Almost halfway through the 2018/19 marketing year, …
Dec 02
Farmers cautiously optimistic about US/China talks
The president of the American Soybean Association says a resolution to the trade war with China would a great Christmas present for America’s farmers. Iowa farmer John Heisdorffer says this trade war has been costly. “This bean market has been floored out and doesn’t want to move up,” he says. He tells Brownfield the negotiations …
Dec 01
US/China take first steps to ease trade tensions
The US and China have reportedly declared a cease-fire to their tit-for-tat trade war. According to a statement from the White House, President Trump will delay plans to increase tariffs on $200 billion of Chinese goods that were set to go into place January 1, 2019. In response to the President agreeing to not increase tariffs, …
Dec 01
Taking farm plans for 2019 to the next level
Mike Baker, regional vice president at Farm Credit Illinois, discusses how farmers can take their planning for 2019 to the next level. As plans take shape, farmers can think through operational changes, asset and liability adjustments, and business structure outlook. Find templates and a more detailed report on taking planning to the next level …
Dec 01
An active Heartland weather pattern returns for the weekend
Across the Corn Belt, fog, low clouds, wet fields, rain and some snow continue to limit late-autumn fieldwork. On November 25, the amount of corn remaining in the field ranged from 10 to 20% in Michigan, Ohio, Wisconsin, and the Dakotas. Similarly, 10 to 15% of the soybeans had not yet been harvested on that date …
Nov 30
Another early-season winter storm for the Heartland
Cold air will engulf the Plains late in the weekend and spread to the Atlantic Seaboard by the middle of next week. Significant precipitation will precede and accompany the surge of cold air, with wind-driven snow blanketing large sections of the northern and central Plains and upper Midwest starting later Friday and continuing into …
Nov 30
Investing in agriculture in the Midwest
The managing director of Chicago-based S2G Ventures says consumer trends have a major impact on investments in food and agriculture. Aaron Rudberg says originally seen as fads, the demand for fresh foods, transparency, clean labels, and natural options are not going away. “We need to continue to innovate the supply chain and innovate closer to …
Nov 30
CoBank: Blockchain’s exciting but pump the brakes
Blockchain technology is getting a lot of attention but an ag economist with CoBank says “pump the brakes.” Will Secor tells Brownfield blockchain is exciting but there are issues with the transfer of information from the physical world to the digital world, “There can be mistakes, there can be outright fraud that is introduced within …
Nov 30
Workshops aimed at tapping Mexico’s ethanol market
Ron Lamberty of the American Coalition for Ethanol (ACE) says there’s an opportunity to increase Mexico’s use of 10 percent ethanol blended gasoline. Lamberty recently returned from Mexico City where he was conducting workshops for local gas station owners about retailing 10 percent ethanol gasoline. Mexico’s fuel ethanol use is currently a tiny amount sold …