Fate of Agriculture in Rio Grande Valley Remains Uncertain
Recent rains in South Texas provided temporary relief for agriculture but failed to address long-term irrigation challenges.
Farm Sentiment Improves Despite Weak Commodity Prices.
The Purdue University/CME Group Ag Economy Barometer, released on August 6, showed improved farmer sentiment despite falling corn and soybean prices.
Corn and Soybean Condition Leading Last Year
The USDA's weekly crop report indicated that 67% of corn and 68% of soybeans are in good to excellent condition.
U.S. EPA Issues Emergency Suspension of DCPA Pesticide
On August 6, the U.S. EPA announced the emergency suspension of all registrations of dimethyl tetrachloroterephthalate (DCPA).
The USDA Invests $300 Million to Develop New Markets
The Regional Agricultural Propomtion Program (RAPP) is making an additional $300 million available for a second round of funding to encourage U.S. food and agricultural exports to new markets.
The USDA Land Summary Report Revealed Farm Values Increased 5% From 2023
The USDA Land Summary Report showed the value of all farm real estate, including buildings and other facilities, increased 5% from 2023.
The USDA Provides Funding for Farmers Who Reduce Water Use in the West
Agriculture Secretary Tom Vilsack said 18 water districts will each receive a portion of the $400 million the USDA set aside to pay farmers for reduced water consumption while keeping land in production.
Official CBO House Farm Bill Estimate Indicates $33 Billion Deficit Over Next Decade
On August 2, the Congressional Budget Office (CBO) released the official House farm bill estimate.
Chile Approves Blueberry Imports From All U.S. States
Previously, only fresh blueberries from Oregon, Washington and California were approved for import into Chile.
How Will Weak Commodity Prices Affect Land Values?
Cropland values and rental rates continued their upward march through 2023 across a wide swath of the country.