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Shining Light on Farm & Food Policy for 20 Years.
Monday, January 06, 2025
Farmers’ worries about current conditions and their farms' financial performances started to ease in August, according to the monthly Purdue University/CME Group Ag Economy Barometer.
CHS is the latest soybean processor hoping to increase its presence in the renewable diesel sector, as the company announced a $60 million expansion of its Mankato, Minn., soybean processing plant on Tuesday.
House and Senate Ag Committee Republicans are urging the Food and Agricultural Climate Alliance to join them in calling on Democrats to hold public hearings ahead of considering ag spending in the $3.5 trillion budget reconciliation bill. Committee Chairman David Scott, D-Ga., has announced a business meeting for Friday to consider the reconciliation package.
Despite an expected increase in net cash farm income this year, median total farm household income is projected to drop to $80,314 for 2020 and $79,909 in 2021, according to the Department of Agriculture.
Major oilseed processor Bunge has announced a 50/50 joint venture with Chevron U.S.A. to develop soybean-based renewable fuel feedstocks and ramp up production of renewable diesel and jet fuels.
While work continues to find nominees for some vacant high-level positions, Ag Secretary Tom Vilsack says it’s just as important to fill “worker bee” positions throughout the entire department.
Many of the top agricultural counties in the United States are consistently losing population, except in those with processing facilities, according to an Agri-Pulse analysis of 2020 census data.
Soy Transportation Coalition Executive Director Mike Steenhoek says he expects resiliency at export terminals in New Orleans that weathered the hurricane, but he also stressed that damage assessments need to be conducted.
After earning $4.68 billion so far this year, Deere & Company announced today that it is raising its fiscal year net income projections to between $5.7 and $5.9 billion.
