-
Limited Ag Credit Stress, but Signs of Pressure
Ag credit stress was limited in the second quarter of 2024 but showed signs of tightening amid lower crop prices and rising input costs. Those are the findings from a survey by the Federal Reserve Bank in Kansas City. Farm income in the Tenth Federal Reserve District dropped faster than in recent quarters amid lower…
-
FBI Holds Symposium on Threats to Agriculture
Farmers and ranchers from more than 30 states attended the 2024 Agriculture Threats Symposium hosted by the Omaha, Nebraska, field office. Technology continues advancing to make farming and agriculture more efficient across rural America. With more technology, there’s a potential for cyber-attacks that could affect the entire agriculture industry. FBI Agent Gene Kowel says there…
-
What To Expect From This Year’s Crop Tour
What To Expect From This Year’s Crop Tour Agweb Powered by Farm Journal
-
Farmland Prices Increase Despite Downward Pressure
The Purdue University Farmland Value and Cash Rent Survey showed that Indiana farmland prices once again hit a new record in 2024. The average price of top-quality farmland is $14,392, up 4.8 percent from June 2023. Average and poor-quality farmland also hit new high prices at $11,630 and $9,071 per acre, an annual increase of…
-
How USDA Surprised the Wheat Market in the August WASDE
Randy Martinson Explains How USDA Surprised the Wheat Market in the August WASDE Agweb Powered by Farm Journal
-
Fertility Costs Are In Focus As Farmers Consider Cutting Back
Fertility Costs Are In Focus As Farmers Consider Cutting Back Agweb Powered by Farm Journal
-
The 4 types of agtech startups attracting venture investment
Despite a tough funding environment, companies that address farm profitability and sustainability have remained somewhat resilient in this year’s second quarter, according to Pitchbook.
-
Kansas Corn STEM Education Program Hits New Records
MANHATTAN, Kan. — The Kansas Corn Commission’s education program, Kansas Corn STEM, is celebrating a milestone reaching 104,645 Kansas students and supporting 3,844 Kansas educators in the 2023-24 school year. Kansas Corn STEM was created to increase agriculture education in the K-12 classroom through STEM-based classroom resources and training focusing on corn, ethanol, biotechnology, soil…
-
Kentucky Soybean Production Jumps
LOUISVILLE, Ky. — Soybean production for Kentucky is forecast at 112 million bushels, increased 12% from 2023. Yield is estimated at 55.0 bushels per acre, unchanged from a year ago. Acreage for harvest as beans was estimated at 2.04 million acres, up 220,000 acres from the previous year. U.S. soybean production is forecast at 4.59…
-
When pricing produce to sell directly to consumers, know costs
GAINESVILLE, Fla. — Instead of taking what the broker or retailer feels like paying, small- and medium-sized farmers who sell directly to consumers should track costs, determine what they want to earn and set their own produce prices, University of Florida experts say. Growers should base their prices on their costs, said Kim Morgan, a…
-
Farm Advisors officially launches new farmer mentorship program
A new conservation mentor program will help farmers implement soil health practices on their operation. Jim Moseley says the people who founded Farm Advisors have decades of experience in on-farm conservation practices. “They’re going to assist other farmers in terms of conservation,” he says. “All activity decisions will be made by farmers.” He tells Brownfield…
-
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…
-
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…
