Hay Supplies Shrink as Prices Soar
USDA’s August Crop Production report included alfalfa hay production forecasts for 2022 at 49.1 million tons, down 0.3% from last year and 13.6% below the ten-year average.
Ag Economy Strong in 2022 Despite Headwinds, Uncertainty
While farmland values continue to soar, more data shows that profitability is shrinking upon tighter margins. However, according to quarterly…
China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan
A contentious visit from U.S. House Speaker Nancy Pelosi to Taiwan had the potential to strain critical ongoing relationship development…
Cooler Weather, Some Precipitation Spells Friendlier August
Cooler temperatures have emerged throughout much of the U.S. Corn Belt following a steamy start to August. The week ending…
Inflation Reduction Act Awaits President’s Signature, What it Means for Ag
With the U.S. House passing the Inflation Reduction Act (IRA) with a vote of 220 to 207, it now shifts…
Consider Margin Protection for Tighter Returns in 2023
With most farmers predicting they will face higher production costs and lower returns for 2023, it’s important to focus on…
SCO and ECO: Two Emerging Supplemental Coverage Options for Added Peace of Mind
In a recent Farmdoc daily weekly economics study, researchers did a deeper dive into the benefits of two emerging crop…
Concerns Rise Over a Bubble in Farmland Values
Farmland values keep soaring, but is a bubble around the corner? According to three Purdue economists, the answer is “possibly.”…
USDA Announces $2.2 Million Investment to Provide Educational Resources for Historically Underserved Farmers
USDA’s Risk Management Agency (RMA) is investing more than $2 million to provide education and training to historically underserved farmers,…
More Combines, Fewer Tractor Sales in July
Tractor sales fell last month in both the U.S. and Canada, according to the Association of Equipment Manufacturers (AEM). Total…