Farmers cut their losses early this year across the U.S. wheat belt, stretching from Texas to Montana. They were choosing to bale the wheat into hay, plow their fields under or turn them over to animals to graze. In Nebraska, wheat acreage is less than half of what it was in 2005.
Agricultural Economy
Iran-Israel Conflict Adds Uncertainty to Fertilizer Market
Renewed conflict in the Middle East has shuttered urea production in Iran, sending ripples through global fertilizer markets and adding to existing uncertainty around Russian and Chinese supplies.
Deere Must Face FTC Right-to-Repair Lawsuit, Judge Rules
Agriculture equipment giant Deere must face a lawsuit by the U.S. Federal Trade Commission accusing the company of forcing farmers to use its authorized dealer network and driving up their costs for parts and repairs, a U.S. judge has ruled.
Farmer Sentiment Reaches Highest Level Since 2021
Bloomberg’s Michael Hirtzer, Erin Ailworth, and Skylar Woodhouse reported Tuesday that “American farmer sentiment jumped to a four-year high, with growers betting on rising crop exports as the Trump administration pushes for more trade deals from Vietnam to Italy.” “US President Donald Trump has pushed an America-first agenda that has hit crop exports. Top commodities […]
Farmers Pushing for Biofuels Boost to Increase Crop Demand
Bloomberg’s Kim Chipman, Alicia Diaz, Erin Ailworth and Ilena Peng reported late last week that “after losing their biggest export market due to Donald Trump’s trade wars, US farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage.” “The administration is set to soon unveil […]
US Retail Egg Prices Fell 12.7% in April
The Associated Press’ Dee-Ann Durbin reported that “U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday. The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the U.S. Bureau […]
Crop Traders Report Tariffs Weighing on Profits, Outlooks
Global crop trading companies — including Archer-Daniels-Midland, Bunge Global and Andersons Inc. — have largely reported this week that uncertainties surrounding tariffs and trade have taken a toll on first-quarter profits and could continue to affect bottom lines throughout the remainder of 2025. Reuters’ Karl Plume and Mrinalika Roy reported that “tariffs and trade chaos […]
China, Amid Trade War, Says it Doesn’t Need US Grains and Oilseeds
Bloomberg’s Hallie Gu reported that “China’s grain supply won’t be affected by a loss of US feed grain and oilseed imports, thanks to abundantly available substitutes on the global market and sufficient reserves at home, a top official from the country’s state planner told reporters on Monday.” “The world’s top buyer of soybeans is set […]
Farm Bankruptcies on the Rise Again in 2025
Bloomberg Law’s Alex Wolf and Skye Witley reported that “family farm bankruptcies increased by 55% last year compared to 2023 and are trending even higher this year as farmers continue to grapple with depressed agricultural commodity prices and high input costs.” “And while much of the industrywide distress predates his second stint in the White […]
Trump Administration Discussing Farmer Tariff Relief Package
Fortune’s Stuart Dyos reported on Sunday that “Trump administration officials and lawmakers have begun exploring a relief package for U.S. farmers as agricultural trade groups warn of economic repercussions from tariffs. That’s as retaliation against President Donald Trump’s sweeping import taxes could harm U.S. exports of farm products.” “‘We are setting up the infrastructure that […]
Wholesale Egg Prices Plummet, Retail Prices Remain Elevated
Newsweek’s Jasmine Laws reported Tuesday that wholesale “egg prices in the U.S. have fallen to $3.45 per dozen, reaching their lowest level in nearly five months, following a period of price volatility fueled by supply chain issues, bird flu outbreaks, and fluctuating consumer demand.” “Egg prices have experienced extreme fluctuations over the past year. On […]
USDA Economic Assistance Applications Now Open
Reuters’ Leah Douglas reported that “the U.S. Department of Agriculture will on Wednesday begin accepting applications from farmers affected by low commodity prices for economic aid passed by Congress last year, an agency official said on Tuesday.” “The stop-gap government funding package passed by Congress last December included $10 billion for economic assistance, a supplement […]
USDA Economic Aid Applications Expected by Friday
UPDATE (11:30 am EST): Agri-Pulse’s Philip Brasher reports that “Agriculture Secretary Brooke Rollins used National Ag Day on Tuesday to announce the release of $10 billion in economic assistance payments for growers of corn, soybeans, wheat, cotton, rice and other field crops.” “The payments were authorized by Congress in a year-end spending bill in December. […]
Farm Bankruptcies Increased 55% in 2024
The American Farm Bureau Federation’s Samantha Ayoub reported last week that “the U.S. Courts report that 216 farm bankruptcies were filed in 2024, up 55% from 2023. This is still 64% lower than the all-time high of 599 filings in 2019. However, 2024 is the end of a four-year downward trend in bankruptcies, which appears […]
House Budget Plan Requires $230 Billion Ag Committee Cuts
Agri-Pulse’s Rebekah Alvey reported that “the House released a fiscal 2025 budget resolution Tuesday that would direct the Agriculture Committee to cut $230 billion over 10 years, an amount that would likely require a significant reduction in the Supplemental Nutrition Assistance Program. ” “After weeks of talks, the House Budget Committee dropped its ‘one big, […]
Farm Income to Increase in 2025 Thanks to Federal Aid
Progressive Farmer’s Katie Micik Dehlinger reported Thursday that “USDA forecasts climbing farm income in 2025, but it’s due to a dramatic increase in government payments, not better prices or a higher volume of sales. Net farm income, which is a comprehensive measure of farm profitability, is forecast at $180.1 billion, an increase of $41 billion, […]
US Ag Export Volumes Surged 22% in 2024
Reuters’ Karen Braun reported Wednesday that “most global importers last year took advantage of plentiful and cheaper U.S. bulk agricultural commodities, including soybeans and corn, the top-ticket items.” “Milestones were notched among the top U.S. bulk grain destinations in 2024 as average export prices fell by more than one-fifth versus 2023,” Braun reported. “Lower prices […]
Ag Traders, Manufacturers Report Tough Profit Outlooks
Reuters’ Karl Plume reported Tuesday that “grains merchant Archer-Daniels-Midland posted its lowest fourth-quarter adjusted profit in six years on Tuesday on weak oilseed crush margins and uncertainty over U.S. biofuel policy and said it is cutting costs and slashing up to 700 jobs to weather the market downturn.” “Chicago-based ADM said it aimed to cut […]
FTC Sues John Deere Over Right to Repair
Reuters’ Leah Douglas and Jonathan Stempel reported Wednesday that “the U.S. Federal Trade Commission on Wednesday sued farm equipment maker Deere, alleging it illegally drives up repair costs by forcing farmers to rely on its authorized dealer network. The lawsuit argues Deere has unlawfully boosted profits by requiring farmers to use its network of authorized […]
USDA Releases 45Z Feedstock Details, Drops Bundling Requirement
Progressive Farmer’s Chris Clayton reported Wednesday that “less than a week after biofuel groups lamented the lack of details about the Clean Fuels Production (45Z) tax credit, USDA released an interim rule for climate-smart crops being used as biofuel feedstocks that should provide the biofuels industry more clarity on how to move forward.” “The interim […]