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Input prices, extreme weather and fluctuations in commodity prices are among farmers' top concerns for the next two years, according to a new McKinsey & Company poll of 4,400 farmers worldwide.

Corn and soybean prices fell Friday following USDA’s release of its latest World Agricultural Supply and Demand Estimates report, which projects a record soybean crop and “smaller supplies, larger exports, and reduced ending stocks” for corn.

Hurricane Helene had an estimated $6.46 billion impact on Georgia’s agriculture industry, according to preliminary reports announced by Georgia Agriculture Commissioner Tyler Harper. 

Category Five Hurricane Milton, which is set to make landfall in Florida late Wednesday or early Thursday, could be the “worst storm to hit Florida in over a century,” according to President Joe Biden. It comes at a difficult time for residents of the southeastern U.S., who are still grappling with the major agriculture and infrastructure damages caused by Hurricane Helene. 

Fast-food dining chain McDonald's is suing Cargill, JBS, National Beef and Tyson Foods, alleging the four beef processors are conspiring to fix beef prices.

East Coast dockworkers ended their strike after reaching a “tentative agreement on wages” with the United States Maritime Alliance, the International Longshoremen’s Association and USMX said in a joint statement Thursday. The two sides have extended their current contract and will keep negotiating until Jan. 15 to finalize a new one.

Georgia, the Carolinas and eastern Tennessee are facing severe damage from category four Hurricane Helene that made landfall in Florida’s panhandle Thursday flattening crops, destroying infrastructure and taking over 130 lives in the storm’s destructive path. 

Once-soaring land values appear to be softening in some parts of the U.S., a trend some rural bankers expect to continue as weaker-than-normal commodity prices and high input costs weigh on farmers’ bottom lines.

Farmer sentiment about the ag economy has reached its lowest level in eight years, according to the latest Ag Economy Barometer from Purdue University and the CME Group.