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Ag banker concerned about lengthy downturn in farm economy
An ag banker is concerned about a prolonged downturn in the farm economy. Ed Elfmann is with the American Bankers Association. “USDA is predicting a 27 percent drop in farm income over the next year, who knows what next year will look like into ’25.” He tells Brownfield agriculture is cyclical. “We’ve seen these cycles…
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U.S. Consumer Prices Rose Moderately in July; Annual Increase Slows to Below 3%
U.S. Consumer Prices Rose Moderately in July; Annual Increase Slows to Below 3% Agweb Powered by Farm Journal
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Be strategic moving old crop grain
University of Iowa Ag Economist Chad Hart says many farmers have a lot of old crop grain in storage and some of that will need to be moved to make room for what’s expected to be a good crop this fall harvest. The post Be strategic moving old crop grain appeared first on Brownfield Ag…
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Rural Nebraskans Pay More Taxes
LINCOLN, Neb. — Governor Pillen and state senators are in the throes of a special session to address property taxes. In light of the session, Tidbits is resurrecting a 2022 story on the relative tax burdens of Nebraskans… Nebraskans in rural counties paid the highest taxes per person in 2020 according to estimates by Nebraska Farm…
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Are Projected Record Yields Actually Out There?
(FARGO, ND)– Earlier this week, USDA projected a record national average corn and soybean yield in its August reports. Corn at 183.1 bushels per acre and soybeans at 53.2 bushels per acre were the latest projections. But are those numbers actually our there? On the cusp of multiple crop tours over the next few weeks,…
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Ag Equipment Industry Takes Hit as Crop Prices Fall, Farm Bill Languishes
Farmers are not the only ones suffering from low commodity prices and a languishing farm bill. The Ag equipment industry is also taking a hit, which has some on Capitol Hill worried. John Deere and Precision Planting in Illinois, Kinze in Iowa, and Ziegler Ag, with offices in Chicago, are all reducing their workforce or…
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A variance temps ahead next week from the Plains to the Corn Belt
Looking ahead, the 6- to 10-day outlook calls for the likelihood of warmer-than-normal weather nationwide, except for near- or below-normal temperatures in much of the mid-Atlantic, Midwest, western Great Basin, and Pacific Coast States. Meanwhile, wetter-than-normal conditions in the mid-Atlantic, Northeast, and most of the western half of the U.S. should contrast with near- or…
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Farmers encouraged to keep eye on expenses as inflation slows
An ag banker says farmers need to maintain strong balance sheets even as inflation has slowed. Barry Benson with Nebraska-based First National Bank of Omaha (FNBO) tells Brownfield… We do have to look to sharpen our pencils, make sure that we’re controlling costs where we can,” he says. “We always preach liquidity. Liquidity is king and cash is…
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France expects lowest wheat harvest in almost 40 years
France expects lowest wheat harvest in almost 40 years All About Feed
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$30 million in preowned machinery to be auctioned at Farm Progress Show
$30 million in preowned machinery to be auctioned Farm Progress
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Farm Equipment Dealers Remain Mired in Muddled Marketplace
Farm Equipment Dealers Remain Mired in Muddled Marketplace Lancaster Farming
