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Top agribusiness, farming, ranching and rural-related news

Agricultural Trade Deal With China Boosting Cotton Exports

February 18, 2021 Tony St. James 0

As a result of large carryover sales from the 2019 crop year and increased purchases from China, U.S. export commitments and shipments of cotton have been very strong for the 2020 crop year.

RFS Taking Center Stage in Supreme Court Hearing

February 18, 2021 Tony St. James 0

The Renewable Fuels Standard has experienced more than its fair share of litigation over the course of its 15-year existence but had never reached the Supreme Court, until January.

Agriculture Experiences Best Export Sales Year Since 2014

February 18, 2021 Tony St. James 0

According to a recent report from USDA, agriculture trade through exports has increased 6.6 percent over the past year – reaching their highest levels since 2014.

USDA Offers Assistance to Producers Weathering Winter Storms

February 17, 2021 Tony St. James 0

As a deadly winter storm crawls across the country, USDA is reminding rural communities, farmers, ranchers, families, and small businesses affected by the recent weather that the Federal government has programs that provide assistance to those in need.

2020 Grain Dust Explosions Injure 9; No Fatalities

February 17, 2021 Tony St. James 0

Though 2020 will be remembered as the year of the deadly COVID-19 pandemic, one statistic that won’t be a part of that conversation is grain-dust deaths.

Long Road to Rebuilding Restaurant Demand for Protein

February 17, 2021 Tony St. James 0

For the animal protein industry, 2020 was the most volatile and for many, the most challenging year in history

China’s Appetite for Sorghum Chewing Up Available Supplies

February 17, 2021 Tony St. James 0

Sorghum export sales were strong again last week with China committing to purchase 4.3 million bushels of old crop sorghum and taking delivery of another 2.2 million bushels from the United States.

Climate Change Headlines USDA’s 97th Annual Outlook Forum

February 16, 2021 Tony St. James 0

USDA’s 97th Annual Agricultural Outlook Forum gets underway this week with the first presentation coming from Chief Economist Dr. Seth Meyer, who just returned to the Department after having been away for a few years.

Another Strong Month for New Farm Tractor Sales

February 16, 2021 Tony St. James 0

Following a good year for new farm tractor and combine sales, January continued to experience the upward trend.

First Woman, First African, Elected Director-General of WTO

February 16, 2021 Tony St. James 0

When she takes office next month, Dr. Ngozi Okonjo-Iweala will become the first woman and the first African Director-General for the World Trade Organization.

U.S. Cotton Farmers Expecting Smaller Crop in 2021

February 15, 2021 Tony St. James 0

According to their Annual Planting Intentions survey, the National Cotton Council is projecting a decrease of more than 5 percent in domestic cotton acreage for 2021.

Ag Inside the Beltway: 2021 Changes & Challenges

February 12, 2021 Tony St. James 0

Tony St. James offers his insight into what the inauguration of the Biden administration will mean for agriculture in 2021 and beyond.

Farmers Encouraged to Make ARC/PLC Election Before Deadline

February 11, 2021 Tony St. James 0

The 2018 Farm Bill put into place safety net programs to help farmers survive substantial drops in crop prices or revenue. In order to participate, a producer must sign a 2021 enrollment contract before March 15.

hog farming

U.S. Pork Exports Shatter Value and Volume Records

February 11, 2021 Tony St. James 0

Though many will want to forget 2020, U.S. pork producers may not be in that same camp.

House Agriculture Committee Meets Virtually to Consider Budget

February 11, 2021 Tony St. James 0

The House Agriculture Committee held their first hearing of the 117th Congress on Wednesday to consider the Agriculture and Nutrition title of the FY2021 Budget Reconciliation bill.

Farmer Survey Suggests 11.5 Million Planted Cotton Acres

February 11, 2021 Tony St. James 0

With other crop alternatives holding better odds for profitability, the National Cotton Council believes cotton acreage in the United States will fall 5.2 percent this year.

U.S. Pushing WTO Reform and Election of Okonjo-Iweala

February 10, 2021 Tony St. James 0

Member nations of the World Trade Organization are preparing to select their next Director-General to replace Roberto Azevêdo who stepped down from the post last year.

USDA Expecting Higher Prices for Wheat and Corn

February 10, 2021 Tony St. James 0

USDA released their latest World Agricultural Supply and Demand Estimates report Tuesday morning, and it appears the supply and demand outlook for U.S. wheat is largely unchanged this month.

House Ag Committee Sets Hearing, Names Subcommittee Leadership

February 10, 2021 Tony St. James 0

The House Agriculture Committee will hold their first hearing of the 117th Congress to consider a proposal to satisfy the Committee’s reconciliation instructions dealing with the budget.

Agriculture Industry Watching Carbon “Cap and Trade” Debate

February 9, 2021 Tony St. James 0

Ag industry insiders are concerned about how the Biden Administration’s desire for climate change through carbon capture and sequestration might be done, and whether the cost of such a program might outweigh the financial ability to remain solvent in a “cap and trade” environment.

More Than 40 Percent of Farmers Working “Off-Farm”

February 9, 2021 Tony St. James 0

According to the Economic Research Service, in 2019, about 71 percent of farm households had one or more members earning wages away from the farm.

National Cotton Council to Release 2021 Acreage Estimate

February 9, 2021 Ryan Crowe 0

The council is set to release results of their annual Planting Intentions Survey Thursday.

Increases in 2020 Net Farm Income at Risk

February 8, 2021 Tony St. James 0

Despite the challenges faced by agriculture producers over the past few years, inflation-adjusted net cash farm income is expected to increase nearly 24 percent in 2020.

New Committee Leaders and Rosters Approved for Senate

February 8, 2021 Tony St. James 0

As Democrats officially take control of the Senate, they have also announced new members for the Agriculture Committee during the 117th Congress.

Managing Known Factors Increases Odds of Farm Profitability

February 8, 2021 Tony St. James 0

Running a profitable farm involves navigating both unpredictable and controlled factors.

USDA Announces Extension for General CRP Signup Period

February 8, 2021 Tony St. James 0

The cornerstone of government conservation initiatives is the Conservation Reserve Program from USDA.

Caprock Cattle Educational Series: Herd Health

February 5, 2021 Ryan Crowe 0

Floyd and Hale County’s Texas A&M AgriLife Extension Agents are your hosts for a series of talks with experts for the 2020 Caprock Cattle Educational Series.

U.S. Grains Council Holds Annual Membership Meeting Virtually

February 5, 2021 Ryan Crowe 0

For the first time in the organization’s history, members of the U.S. Grains Council met virtually for the 61st Annual Membership Meeting and 18th International Marketing Conference this week.

Farm Bankruptcies in 2020 Climb to Third-Highest Level

February 5, 2021 Ryan Crowe 0

For some producers, 2020 will be a year remembered for its extreme turnaround in prices and demand, and a more profitable end due to historic ad hoc government payments. For others, however, it may be remembered as the year of the bankruptcy.

Few Understand Financial Opportunities Through Carbon Credit Capture

February 5, 2021 Tony St. James 0

President Biden has identified climate change as a top priority for his administration and interest in capturing carbon on farms that agree to follow specified production practices is increasing. To learn more about this, the Purdue/CME Group Ag Economy January barometer survey included questions related to carbon capture.

China Remains Top Buyer for Many U.S. Commodities

February 5, 2021 Ryan Crowe 0

USDA’s Foreign Ag Service released their latest Weekly Export Sales Report based on reports from exporters for the period January 22-28.

Farmers Short-term Expectations Improving, Fewer Facing Financial Stress

February 4, 2021 Tony St. James 0

Producers are becoming more optimistic about short-term expectations for their farms’ financial performance, with nearly one-third expecting better financial performance in the coming year compared to 2020.

Disconnect Remains Between Fed Cattle and Boxed Beef

February 4, 2021 Tony St. James 0

According to The Cattle Report boxed beef prices have been signaling the need for more cattle each week but processors are running at full capacity and unable to service the demand for beef.

Report: Crop Insurance and Conservation Practices Healthy Marriage

February 4, 2021 Tony St. James 0

Researchers from Purdue University, Arizona State University, and the Nature Conservancy used interviews and a multi-state survey to determine if crop insurance requirements limited cover crops and conservation tillage for corn producers in the Midwest.

Chinese Ag Purchases Lag Implied Phase One Levels

February 4, 2021 Tony St. James 0

According to the Peterson Institute for International Economics, China’s total imports of covered products from the United States were $100 billion, compared with the target of $173 billion.

Families Operating 96 Percent of All U.S. Farms

February 3, 2021 Tony St. James 0

Family farms represent 96 percent of all U.S. farms, according to the 2017 Census of Agriculture Farm Typology report released last week by USDA’s National Agricultural Statistics Service.

World Ag Expo Kicks Off Virtually Next Week

February 3, 2021 Tony St. James 0

For the first time in show history, the 2021 World Ag Expo will be an online event beginning next week according to officials at the International Agri-Center.

Former Secretary Vilsack Returns to Senate Ag Committee

February 3, 2021 Tony St. James 0

In a unique and somewhat unprecedented approach, the Senate Agriculture Committee met on Tuesday to consider the nomination of Tom Vilsack to become the next Secretary of Agriculture.

Future Expectations Dragging Purdue Ag Economy Barometer Lower

February 3, 2021 Tony St. James 0

Since its peak in October of 2020, the Ag Economy Barometer has fallen 9 percent, attributable to weaker expectations for the future.

Coronavirus Food Assistance Program

Biden’s Executive Order on Regulations Halts CFAP Payments

February 2, 2021 Tony St. James 0

One of President Biden’s first executive orders is putting an immediate halt to the processing and payments under the latest Coronavirus Food Assistance Program measure.

U.S. Cattle Herd Slightly Smaller One Year Later

February 2, 2021 Tony St. James 0

According to the National Agriculture Statistics Service biannual report on the U.S. cattle herd the domestic herd, as of January 1, 2021, totaled 93.6 million head, slightly below the same time one year ago.

CME Group Revising Position Limits on Agricultural Contracts

February 2, 2021 Tony St. James 0

Trade groups and investors are breaking down news last week from the Commodity Futures Trading Commission (CFTC) that it intends to increase both spot-month and all-months-combined speculative position limits effective March 15, 2021.

Producers Input Prices Increase in December, Receipts Decrease

February 2, 2021 Tony St. James 0

USDA’s National Agriculture Statistics Service reports the December Prices Received Index decreased from November but increased slightly from December 2019.

USDA Institues Changes to LRP Insurance for 2021

February 1, 2021 Tony St. James 0

According to the Risk Management Agency, the changes include increasing livestock head limits for feeder and fed cattle to 6,000 per endorsement, or 12,000 annually.

USDA’s Export Sales Report Shows Continued Strong Demand

February 1, 2021 Tony St. James 0

USDA’s Foreign Agriculture Service released their Weekly Export Sales Report on Thursday, for the week ending January 21, 2021.

Agriculture Trade War Stories: Not All Are Bad

February 1, 2021 Tony St. James 0

According to the latest international trade figures from Australia’s Bureau of Statistics, the nation enjoyed a growing trade surplus – $9 billion in December, up $1.6 billion from a month earlier.

Biden’s Historic Executive Order Spree Includes Agriculture Industry

February 1, 2021 Tony St. James 0

An executive order elevating climate policy to be an “essential element” of American foreign policy and national security that has drawn attention from the agriculture industry.

In Climate Change Battle, Biofuels Providing Major Victory

February 1, 2021 Tony St. James 0

As both Congress and the new Biden Administration start lining up solutions to battle climate change, a new report from the Environmental Research Letters says biofuels may hold a helpful nugget in the war.

Despite Challenges Presented by Pandemic, Dairy Sales Impressive

January 29, 2021 Tony St. James 0

How has the ongoing COVID-19 pandemic affected the dairy industry? According to the National Milk Producers Federation, retail dairy purchases that jumped at the beginning of the pandemic, have remained elevated since then.

Advance Estimates Show 4 Percent Growth in GDP

January 29, 2021 Tony St. James 0

While many economists are unsure of when the economy will recover from the COVID-19 pandemic, the latest information from the Bureau of Economic Analysis gives hope that the answer is, soon.

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