Soybeans were sharply lower on speculative and technical selling. There’s been at least some rainfall in dry parts of the Midwest this week, with the potential for more. August is the big month for beans, but an improved precipitation pattern during July would definitely be an asset for the crop. While this year’s crop might not reach those lofty initial projections, if the conditions are able to stabilize or improve, […]
A health insurance cooperative is looking for Minnesota farmers and agribusinesses in need of coverage. 40 Square chairman Cole Trebesch says they offer a variety of competitive plans. “Anything from lower deductibles to higher deductibles, we have ESPCA Network which is only available in certain counties and I think we have 13 counties. And we also offer an open network plan, which can go anywhere.” He tells Brownfield 40 Square […]
The Ranking Member of the U.S. Senate Ag Committee says investments in broadband are critical to the success of rural America. “We used to think in terms of the three R’s as in roads, railroads, and runways, and you can throw water into that,” Senator John Boozman of Arkansas tells Brownfield. “That’s how you developed an area. Now, if you don’t have broadband, though, you simply are not going to […]
The President and CEO of Valent USA says sustainability is a main focus for both their company and farmer customers. Matt Plitt tells Brownfield shifting dynamics in the ag economy and the increased cost of capital for growers has furthered underscored the need for sustainable solutions. “As you look at the cost of operations going up, commodity prices softening, that really means we’ve got to have products that work and […]
Michigan’s state climatologist says rains the past few days have brought the most significant precipitation the state has had since April. Ag meteorologist Jeff Andresen tells Brownfield, “Many areas picked up more than an inch, some spots more than two inches.” Unfortunately, he says moisture deficits remain up to six inches in the west-central region and southward. “An inch of rain, despite how needed it was, in the short term, […]
The CEO of an ag bioscience company is hopeful the COVER Act will be included in the next farm bill. Dr. Oliver Peoples with Yield10 Bioscience tells Brownfield the legislation incentivizes the adoption of cover crops. “Just for the environmental benefits of them, reducing nutrient runoff essentially protecting the water in the soil, managing soil organic carbon content. All of these become pretty important as you look at where we’re […]
A fuel economist says diesel prices have dropped to their lowest levels since Russia invaded Ukraine in early 2022. Patrick De Haan with GasBuddy says prices are down nearly $2 per gallon year-over-year. “Part of the reason why diesel prices have plummeted so substantially,” he said, “is that demand for diesel has cratered compared to last year.” Northwest Iowa farmer Kelly Nieuwenhuis says the farm economy is getting some […]
Milk futures prices continued to slide Wednesday, and cash dairy prices were mixed on the Chicago Mercantile Exchange. July Class III milk was unchanged at $14.35. August was down $0.13 at $15.04. September was down $0.19 at $16.19. October was down $0.17 at $17.14. November through May contracts ranged from unchanged in March and May to fifteen cents lower in November. Dry whey was down $0.0125 at $0.2425. Ten sales […]
The Michigan Beef Industry Commission wants producer feedback on a state checkoff during upcoming listening sessions. Executive Director George Quackenbush tells Brownfield the addition of up to $1 per head would be significant for Michigan promotion and education efforts. “This proposal would at least double our assessments, likely more than double it, but not quite triple it,” he says. The Commission will host virtual listening sessions on June 29th and […]
