Black Sea, EU Wheat Facing Weather Challenges

Bloomberg’s Áine Quinn reported Tuesday that “dried out soils in Russia and Ukraine are threatening plantings for next year’s wheat harvest, yet another headache for farmers hit by weather setbacks and the ongoing war.” “Swaths of land across the nations, which together account for more than a quarter of all wheat exports, are too dry […]

Mississippi River Levels Falling At Harvest Time

The Associated Press’ Jim Salter reported this past week that “the water level of the Mississippi River is unusually low for the third straight year, forcing barge companies to put limits on how much cargo they can carry and cutting into farm profits. It was just two months ago that much of the Mississippi River […]

USDA Increases Corn Yield Estimate to New Record

Progressive Farmer Staff reported Thursday that “going against analysts’ pre-report estimates, USDA on Thursday raised corn production slightly as the yield was bumped up to a record level. Corn production was pegged at 15.186 billion bushels, up 39 million bushels from August. The yield was raised 0.5 bushels per acre to a record 183.6 bpa.” […]

Final 2024 Farm Bill Push Underway on Capitol Hill

Agri-Pulse’s Philip Brasher reported this past weekend that “farmers who grow the crops being hammered the hardest by commodity market declines are hitting Capitol Hill this week, accompanied by ag bankers and Farm Credit lenders, to make a last-ditch push for a new farm bill.” “In an unusual lobbying move, teams of farmers representing the […]

Farm Income To Fall Less Than Expected in 2024, USDA Says

Bloomberg’s Kim Chipman reported Thursday that “US farmers are poised to see a smaller-than-expected drop in income this year, down only 4.4% from 2023 even as prices of corn and soybeans — America’s two biggest crops — have plummeted.” “Growers are expected to see overall earnings of $140 billion, not including adjustments for inflation, according […]

EU Reflection Group Urges Overhaul of Ag Sector

Politico’s Paula Andrés reported Wednesday that “business as usual is no longer an option for European farmers and businesses if climate collapse and economic hardship are to be avoided.” “That’s the top line of a joint report presented to European Commission President Ursula von der Leyen on Wednesday, the result of seven months of intense […]

Brazil Soy Planting Growth Slowing, Argentina Accelerating

Argentina could see the largest expansion of soybean planting in more than a decade in the 2024-25 planting season, while Brazil’s soybean plantings are expected to grow at the slowest pace in a decade during the same time frame. Reuters’ Maximilian Heath reported that “Argentine farmers are likely to plant more soybeans in the current […]

Panama Canal Increasing Ship Traffic After Drought

Bloomberg’s Michael D McDonald reported on Tuesday that “the Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought.” “The Panama Canal Authority increased the draft in the waterway to a maximum 50 feet and will allow 36 vessels a day to transit after recent rains […]

US Ag Trade Deficit Projected to Top $42 Billion

FERN’s Ag Insider reported earlier this week that “the U.S. food and ag trade deficit will soar to a record $42.5 billion in the fiscal year opening on Oct. 1, fueled by steadily growing consumer demand for imported fresh produce, alcohol, coffee, and sugar, said USDA economists on Tuesday. It would be the third year […]

Judge blocks Biden rule on H-2A workers unionizing

Reuters’ Daniel Wiessner reported Tuesday that “a federal judge in Georgia has blocked the Biden administration from enforcing a rule that bars employers from retaliating against farmworkers who are in the U.S. on temporary H-2A visas and trying to form unions in 17 Republican-led states.” “U.S. District Judge Lisa Wood in Brunswick, Georgia, said on […]

Kroger-Albertsons Merger Trial Underway with FTC

Reuters’ Jody Godoy and Deborah Bloom reported that “the U.S. Federal Trade Commission kicked off a trial on Monday in its bid to block Kroger’s $25 billion merger with Albertsons, telling a federal judge in Portland, Oregon, that the deal would eliminate competition between the top grocery store chains and hit consumers’ wallets.” “The FTC […]

Pro Farmer Tour Finds ‘Spectacular’ US Soybean Crop

Pro Farmer Editors reported on Friday that “Pro Farmer estimates the U.S. corn crop at 14.979 billion bushels using an average yield of 181.1 bushels per acre. We estimate the U.S. soybean crop at 4.740 billion bushels at an average yield of 54.9 bushels per acre.” “The national estimates above reflect Pro Farmer’s view on […]

Democratic Platform Calls for Net-Zero Ag Emissions by 2050

Farm Progress’s Joshua Baethge reported Tuesday that “Democrats are vowing to reduce agriculture emissions to net-zero by 2050. The declaration is part of the party’s 2024 platform released Monday to coincide with its national convention. It calls for expanded federal programs to help farmers, ranchers and forest landowners pursue ‘high-productivity, lower-emission, and generative agricultural practices,’ […]

EPA Finalizes Endangered Species Herbicide Strategy

Agri-Pulse’s Steve Davies reported Tuesday that “EPA’s final herbicide strategy, designed to protect more than 900 species listed as threatened or endangered, includes more options for growers and reduces the burden on applicators compared to the draft released last year, the agency said Tuesday.” “EPA identified a handful of mitigation measures that, when used on […]

Farm Policy News
Department of Agricultural and Consumer Economics
1301 W. Gregory Dr
Urbana, IL 61801
Email: farmpolicynews@illinois.edu