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The president and CEO of Compeer Financial says the 2023 Farm Bill must maintain an adequate farm safety net. Testifying before a Senate Ag subcommittee Thursday, Jase Wagner said farmers and ranchers are facing tighter margins. “Federal risk management programs are well suited to their purpose,” he said. “Our crop and livestock insurance programs are inclusive and consistent. They create stability and certainty in an uncertain world.” He says the […]

U.S. corn export sales hit a marketing year low during the week ending April 27th. The USDA says the net reduction of more than 315,000 tons of U.S. corn followed significant cancellations by China and unknown destinations. Pork exports were down from the previous week’s marketing year high, but still much larger than average. Soybeans, rice, and sorghum were also lower, while beef, wheat, soybean products, and cotton showed week […]

A new report from The World Bank shows global commodity prices could see a 21% decline in 2023.   Lead economist Valerie Mercer-Blackman tells Brownfield, “Most of our commodities that we follow were at an all-time high in 2022 as a result of the effects of the Russia/Ukraine War and we have seen that falling by 14%.” While commodity prices have declined, she says inflation is keeping food and fertilizer […]

As demand rises for clean fuels, there is continued investment and growth in U.S. oilseed crush capacity. This episode of Fueling Conversations features Tom Hammer, president and CEO of the National Oilseed Processors Association. He’ll discuss how processors are making significant investments – in part because of positive signals from the biodiesel and renewable diesel industry – to produce the vegetable oil and meal needed to meet the expected increasing […]

Gary Berg of St. Elmo tells Brownfield some farmers in the area are done planting, some have crops emerging and others may just be getting started. “We’re probably over half done with corn and maybe 1/4 to 1/3 done with soybeans -way earlier than what we were last year. It was so wet last year, I don’t think we did hardly anything till the end of May.” He says this […]