Top agribusiness, farming, ranching and rural-related news
Economic activity increased across most of the country over the past few weeks, but gains were generally modest and activity remained well below levels prior to the COVID-19 pandemic.
For the first time in six years, farmers will have a one-time opportunity to update yields for crops covered under the Price Loss Coverage program.
Mexican farmers are facing serious seed shortages, according to a report from the Foreign Agriculture Service.
There is always a focus on agricultural exports from the United States, but rarely much consideration for commodity imports.
July exports of U.S. pork, which are on a record pace in 2020, were down from a year ago but increased compared to June according to statistics released by USDA.
As Congress gets back to work this week, following their regular August recess, eyes are focused on whether the two chambers and two parties can come together for a second-round off Coronavirus assistance.
India’s cotton industry is banking on a big year after increasing acreage by 3 percent in 2020.
The European Union has eliminated import duties on certain U. S. products just four months after re-introducing those duties.
July exports of U.S. beef rebounded from recent lows but remained below 2019 levels, according to data released by USDA.
As Friday’s deadline to enroll in USDA’s Coronavirus Food Assistance Program nears, one ag policy expert believes the cost of the program will not equal the expected budget.
Total nonfarm payroll employment rose by 1.4 million in August, according to the Bureau of Labor Statistics while unemployment fell 2.8 million to 13.6 million in August.
Slowly over the last two years, the U.S. cotton industry has increased it share of exports to China.
It appears that almost every sector of the American economy took a financial hit during the near-nationwide shutdown due to COVID-19.
How productive are America’s farmers and ranchers? According to a report from the Economic Research Service, over the past 70 years, total agricultural outputs have nearly tripled.
More relief may be coming for farmers and ranchers affected by COVID-19 shutdown and loss of marketing opportunities
Following another big week of commodity purchases from China, a recurring question by U.S. farmers and farm groups is whether these exports will, in fact, add up to their commitments.
Small business spending fell sharply for the second straight quarter due to a significant drop in revenues caused by pandemic lockdowns as spending shifted to debit cards.
USDA’s Foreign Agriculture Service projects 2021 Brazilian cotton plantings at 3.7 million acres, down 10 percent from the current harvest.
Over the last quarter-century, the United States has become one of the largest agricultural importers in the world.
Allendale, a commodity brokerage and analysis firm, is projecting a domestic corn crop at 14.98 billion bushels in 2020.
According to the Occupational Outlook Handbook, the U.S. economy is projected to grow by .4 percent or an additional 6 million jobs by 2029.
Agricultural groups are applauding an announcement by the EPA for a proposal to streamline the regulation of some biotech advancements.
Agriculture Secretary Sonny Perdue announced that USDA will allow summer meal program operators to continue serving free meals to all children through December 31, 2020 or until all funding is exhausted.
Trade in agricultural products has been more resilient than overall trade, according to a new report from the World Trade Organization.
Japanese beef production is projected to remain flat in 2021 as marginally higher slaughter is offset by lower carcass weights.
Farmer sentiment improved markedly in August as the Purdue University-CME Group Ag Economy Barometer rose 26 points higher than a month earlier.
USDA’s Economic Research Service is projecting FY 2021 cotton exports to fall to $5 billion, down $400 million from 2020 due to a shorter domestic crop and increased foreign competition.
Following the President’s announcement of additional funding up to $1 billion, USDA is planning to extend current contracts to deliver food boxes through September 18.
The U.S. Drought Monitor revealed a continued intensification of drought across western parts of the country
The U.S. and China are seeing progress in the implementation of the Phase 1 trade agreement. During a six-month review this week, senior officials from both countries reaffirmed commitments to ensuring the agreement’s success.
Though held virtually for the first time in its history, the Cotton Board recently reviewed, analyzed, and voted to recommend Cotton Incorporated’s 2021 budget of $80 million to the Secretary of Agriculture.
The National Cattlemen’s Beef Association and the Public Lands Council signed a Memorandum of Understanding Monday with Ducks Unlimited and Safari Club International with a commitment to the conservation of natural resources through sustainable multiple uses.
More than 10 years ago, USDA proposed a mandatory national animal identification program to protect the cattle industry from long-term injury in the event of a disease outbreak. That proposal, however, fell as cattlemen across the country balked at a government-mandate that would increase costs at a local level and could expose personal producer information to others.
Wheat sales last week were impressive, increasing 46 percent over the previous week and 41 percent above the 4-week average, with Mexico and China topping all buyers.
The monthly Cattle on Feed report was bearish but that report does very little about determining where we are now in the balance between supplies and demand for beef.
The U.S. Department of Agriculture (USDA) announced a new annual survey of farmers, ranchers, and private forestland owners.
China’s foodservice sector is rebounding from COVID-19 restrictions imposed earlier this year
With so many different programs and deadlines facing producers this year, USDA’s Farm Service Agency has set up a call center to provide answers and assistance.
The COVID-19 global shutdown has weighed heavily on the cotton and textile industries. As economies begin to reopen there has been some improvement in economic activity, yet consumer spending on apparel has led to a drop in year-over-year demand.
With 48 percent of Texas and 31 percent of the United States now experiencing drought conditions, livestock producers have been urging Congress and the Administration to respond by opening up emergency haying and grazing of CRP acreage.
As the Pro Farmer crop tour wraps up, it’s interesting to consider the soybean to corn price ratio, as it is often used to measure the profitability of both crops.
Scouts covered a big portion of the Midwest last week during the annual Pro Farmer Crop Tour and found that record corn and soybean crops could be in store for the upcoming 2020 harvest.
With all of the negative news in the economy this year, Dr. Brent Gloy with Agricultural Economic Insights is focusing on a positive story for agriculture in 2020: low-interest rates.
China’s announcement of tariff exclusions following the Phase One agreement had an immediate impact on U.S. sorghum exports.
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of banks reported weaker demand for commercial and industrial loans.
Two-thirds of producers responding to the August Purdue University/CME Group Ag Economy Barometer survey said they believe Congress should provide additional economic assistance to farmers in 2020 to help offset the impact of COVID-19 on agriculture.
As a key component of the new USMCA trade agreement, Canada agreed to allow wheat grown in the United States for import purposes to receive an official Canadian grade as long as the variety was approved in that country.
The USDA is providing policyholders additional time to pay premium and administrative fees and to waive accrual of interest.
As Congress considers another round of stimulus and relief for businesses suffering through the COVID-19 shutdown, the American Bankers Association is asking legislators to make a change in the tax code.
The House last week approved the Water Resources Development Act of 2020, increasing maintenance and modernization projects on the inland waterway system.
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