A market analyst warns farmers not to get caught up in how high corn and soybean prices might go. Angie Setzer with Consus ROI tells Brownfield it’s not worth trying to outguess the market. “Because they can go higher than we ever thought possible. But I’ve heard that numerous times in my career, and I can tell you that when it feels like we have to continue that next leg […]
The USDA has tightened the domestic balance sheets for corn and soybeans, while raising wheat ending stocks slightly. Corn came out at 1.44 billion bushels, down 100 million from February due to increased expectations for ethanol use and export demand. The average farm price is estimated at $5.65, up $.20. Soybeans are seen at 285 million bushels, 40 million less than last month on a higher export projection. The average […]
McDonald’s is recognizing the importance of Michigan as part of Food and Agriculture Month in the state. The restaurant chain sourced more than $142 million of product from Michigan in 2020 including apples, beef, blueberries, corn, eggs, lettuce, milk, pork, pickles, soybeans, and sugar. George Quackenbush with the Michigan Beef Industry Commission tells Brownfield that includes 11 million pounds of beef which he says is certified through the checkoff’s Beef […]
Lawmakers in Washington have come to an agreement on fiscal 2022 spending to replace the continuing resolution that expires next week. The $1.5 trillion package gives a six percent increase to the agriculture section which also includes the Food and Drug Administration and Commodities Futures Trading Commission. USDA has $1 million earmarked for a cattle contract library pilot which many in the industry have been calling for to increase price […]
The Ranking Member of the Senate Ag Committee wants the USDA to delay the Conservation Reserve Program deadlines. Republican John Boozman from Arkansas tells Brownfield the world faces the highest food prices ever recorded and taking ag land out of production during disruptions in wheat, feed grain, and oilseed supplies concerns him. “This really is a crisis situation. We were in a crisis anyway because of the high input costs […]
USDA Undersecretary Robert Bonnie says conservation and climate change will likely be a focal point of the 2023 Farm Bill debate. He tells Brownfield the goal is to find tools that work best for farmers, ranchers, and foresters. “Practices that are going to make their operations more resilient,” he says. “Things like soil health can both sequester carbon out of the atmosphere, but can also make operations more resilient to […]
Glenn Wachtler with Compeer Financial tells Brownfield a more than year-long period of market volatility is not likely to end soon because of several factors. He points to questions surrounding South American corn and soybean production, Chinese export demand, and Russia’s attack on Ukraine as potential disruptors as farmers market grain in 2022. ...
The ranking member of the House Ag Committee says Washington bureaucracy is disrupting the deployment of rural broadband to farmers and ranchers. Glenn “GT” Thompson of Pennsylvania says bipartisan legislation has stalled in the House and what was passed in the infrastructure bill isn’t enough. “Two billion dollars to USDA, with inflationary costs the way they are, that’s not going to go very far. We need to bridge the digital […]
Planting season is right around the corner and weed control remains one of the top concerns for soybean growers. In this Managing for Profit, Devin Hammer, North America Roundup and Dicamba Herbicides Technical Manager talks about how the triple herbicide tolerance of XtendFlex soybeans helps improve weed control. ...
