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01Dec

Will China's Appetite for Cheese Boost Milk Prices?

Last month Chinese officials announced they were lowing import tariffs on certain types of cheese. That’s great news for the dairy markets and will likely lead to an increase in cheese exports. However, while it will help, China’s demand for cheese is not likely going to be enough to compensate for the massive supply of milk and dairy products in the U.S. ”So [these lower tariffs are] a great news story,” Blohm explains. “Right now, the reality is that we have...

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01Dec

Biodiesel Industry: "This EPA is not Interested in Our Growth"

Reactions across agriculture were mixed to the Environmental Protection Agency's (EPA) blending targets for renewable fuels for 2018 and 2019, setting the total renewable fuel volume at 19.29 billion gallons. The 15 billion gallon target for convention biofuel, including corn-based ethanol, won mild praise from Bob Dinneen, president and CEO of the Renewable Fuels Association. "We're generally pleased, we think that the EPA has kept the RFS (Renewable Fuels Standard) largely on track," Dineen told AgriTalk Radio host Mike Adams. But...

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01Dec

USDA: Equal Corn, Equal Soybean Acres in 2018

In 2017, farmers and the market thought soybean acres would overtake corn acres, but King Corn reigned supreme. Roughly 90.4 million acres of corn and a record high 90.2 million soybean acres were planted in 2017. For 2018, the USDA’s Office of the Chief Economist is expecting soybean acres to top 91 million acres, creating a new record. Corn acres are expected increase slightly to 91 million. In 2017, wheat plantings fell to their lowest in roughly a century, and that number...

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30Nov

Owning Corn Could Pay Off As World Stocks Fall 10 Percent

Commodity prices have been low and trading sideways, and 2017 wasn’t a great year for most farmers. Last month, the USDA Economic Research Service (ERS) released data that show the downturn in the ag economy has bottomed, and farm income could be on the rise. There’s been a lot of discussion amongst farmers if we can compare our current situation to that of the 1980s. As far as supply, Bill Biedermann, co-founder of Allendale, Inc., says its similar, but the policies...

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30Nov

Net Farm Income Inches Up 3% to $63.2 Billion

Farmers hoping for any sign of an economic bright spot for 2017 got a modest one yesterday. Net farm income is expected to inch up a slight 3% over 2016 and reach $63.2 billion this year, according to the U.S. Department of Agriculture-Economic Research Service (USDA-ERS) November Farm Income Report. The small improvement is the first farmers have seen in the last several years but is still less than half the amount farmers saw in 2013, when net farm income reached...

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