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Shining Light on Farm & Food Policy for 20 Years.
Sunday, January 05, 2025
Deere and Co. doubled its operating profit from production agriculture in the latest quarter, expecting row-crop farmers to be “very profitable” this year and making money well into 2024 due to the historically strong commodity markets.
Rice producers can start signing up next week for $250 million in special payments Congress provided to shore up grower income after lackluster returns in 2022.
Federal Reserve action to curb inflation is also having an impact on the business decisions of American producers, according to a panel of ag economy experts speaking Monday at the Agri-Pulse Ag and Food Policy Summit.
Many cotton growers face a critical decision over the next few weeks: whether to switch some of the acreage to wheat, soybeans and other crops because of the significantly higher market prices for those commodities.
The Association of Equipment Manufacturers' January 2023 ag tractor sales data shows a steady decline of U.S. ag tractor sales, while Canada experienced sales growth in all segments.
Cattle producers should be in line for a profitable year in 2023, but consumers will see higher prices at the grocery store as a result of an expected drop in production.
In a pessimistic outlook for the 2023 farm economy, CoBank analysts say the upcoming year will be shaped by political gridlock in Washington and financial conditions that soften the American economy into a period of economic contraction.
Deere and Co. saw its earnings soar by 75% in the latest quarter, driven by strong demand for combines and other large farm machinery, and the company sees continued strong performance over the next year.
A measurement of the sentiment in farm country dropped for the second straight month as concerns about slipping prices emerge among the already-potent worries about the input costs producers will face in 2023.
The Biden administration hosts the first White House conference on hunger and nutrition in more than 50 years to debate a national strategy that officials will unveil ahead of the Wednesday meeting.