A simple equation of the 2019 planted corn acres (90 million) and the total corn prevent plant acres (11.4 million) tops more than 100 million acres. With all the uncertainties around trade, fall fieldwork, African swine fever and farm finances, could farmers lean toward that huge number in 2020? Our stable of market analysts weigh in. “I don’t think we’re going to see 100 million acres of corn, but we certainly are going to see more after so many acres...
Harvest 2019 may be far from over for some farmers in the upper Midwest, yet as the calendar flips to 2020, the market’s focus will shift to South America. If farmers are hoping for a market run fueled by imperfect weather in South America, some meteorologists say that may not be in the cards this winter. “The weather right now in South America is turning around,” says Drew Lerner of World Weather, Inc. “It looks very normal to me for...
If you’re wondering why domestic demand for U.S. fluid milk is down, look no further than your grocer’s dairy case. There, you’ll surely find traditional dairy products. But increasingly, the real thing is being crowded on the shelves by plant-based alternatives. What was once a near-sacred haven for real milk, butter, yogurt, ice cream and cheese has become a cornucopia of alternatives, with those same products mimicked by new, plant-based offerings manufactured from soybeans, almonds, coconuts, oats and peas. “Growing Roots...
Better, faster and stronger. Testing new technology and innovation on farms, rather than in labs or controlled trials, serves as the ultimate measuring tape. When Tennessee producer Grant Norwood partnered with GroGuru, a startup with unique irrigation management technology enabling permanent soil sensor installation below till depth, the result was a big win for both farmer and company. Steered by AgLaunch, an ag tech-focused business acceleration program that connects growers and entrepreneurs, the Norwood-GroGuru collaboration serves as a blueprint for...
To help ease its domestic pork shortage, China’s state-owned agriculture conglomerate COFCO has agreed to buy $100 million of pork from European pork producer Danish Crown in 2020. On Wednesday, COFCO said in a statement that the purchase would help the country diversify the origins of its imports and product variety while making purchases more sustainable, Reuters reports. The companies signed a preliminary purchase agreement during the China International Import Expo in Shanghai. Although no volumes have been agreed upon yet, Lars Albertsen, sales...
