DTN Ag Policy Editor Chris Clayton reported this week that, "An updated economic analysis looking at the impact of COVID-19 projects crop farmers to see $11.85 billion in lower revenue…
The Associated Press reported this week that, "Virginia-based Smithfield Foods announced Sunday that it is closing its pork processing plant in Sioux Falls until further notice after hundreds of employees…
Bloomberg's Mike Dorning reported last week that, "President Donald Trump said he has asked his agriculture secretary to 'use all of the funds and authorities at his disposal,' to aid…
DTN Ag Policy Editor Chris Clayton reported this week that, "As meatpacking plants and other food processors reduce capacity or temporarily close because of coronavirus cases, Vice President Mike Pence…
Bloomberg writers Agnieszka de Sousa, Ruth Olurounbi, and Jen Skerritt reported on Monday that, "As the coronavirus pandemic penetrates more deeply into global supply chains, prices for key staples are…
Wall Street Journal writer Kirk Maltais reported this week that, "Consumers’ rush to buy groceries is fueling a rally in orange-juice prices, making the usually sedate asset the best-performing commodity…
Wall Street Journal writers Siobhan Hughes and Natalie Andrews reported on Friday that, "President Trump signed a roughly $2 trillion stimulus package into law, hours after House lawmakers hustled back…
Last week, New York Times writer John Schwartz reported that, "Brace for another flooded spring — but not one as bad as last year, forecasters from the National Oceanic and…
Wall Street Journal writers Jacob Bunge, Kirk Maltais, and Jesse Newman reported on Saturday that, "The new coronavirus is dealing another blow to the struggling U.S. agricultural sector, driving down…
Ryan McCrimmon and Catherine Boudreau reported on Wednesday at Politico that, "Don’t be fooled by the barren grocery store shelves: There’s plenty more food on the way."
Reuters writer Chris Walljasper reported on Tuesday that, "U.S. fruit and vegetable producers are bracing for dramatic disruptions to their labor force after the U.S. government said it was suspending…
Reuters writer Tom Polansek reported this week that, "The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about…
Last week, the Federal Reserve Board released its February 2020 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
Bloomberg writer Brian K Sullivan reported on Friday that, "For the second year in a row, much of the U.S. is primed to suffer multi-billion dollar flood losses, with farmers…
Speaking on Thursday at USDA’s Agricultural Outlook Forum in Arlington, Virginia, USDA Chief Economist Robert C. Johansson provided a broad outlook for U.S. agriculture. Today’s update provides an overview of…
Last week, the Federal Reserve Banks of Chicago and Kansas City released updates regarding farm income, farmland values and agricultural credit conditions from the fourth quarter of 2019. And earlier this…
On Friday, the U.S. Department of Agriculture released its 10-year projections for the food and agricultural sector. Today’s update highlights aspects of the report that focused on corn and soybeans.
The USDA’s Economic Research Service (ERS) indicated on Wednesday that, "Net cash farm income is forecast to decrease $10.9 billion (9.0 percent) to $109.6 billion in 2020, relative to the…
In a recent update from Iowa State University Extension ("Estimating costs of crop production vital for 2020 farm businesses"), Alejandro Plastina explained that, "Thin profit margins in corn and soybean production…
In an update last week from the Federal Reserve Bank of Kansas City ("Farm Lending Declines at End of 2019"), Nathan Kauffman stated that, "The volume of agricultural lending at commercial…