Taxes and Finance
Equipment failure can be costly to production efficiency on the farm, but thermal imaging can help. From mortors to electrical wiring, thermal imaging works to save you time and money.
Propane prices are already twice the levels posted a year ago, and as supply concerns rise, propane prices could trend even higher heading into the fall and winter months.
U.S. farmers’ optimism about current and future conditions are seeing a sharp decline to start the summer, as a monthly gauge of producer sentiments hit the lowest reading since July 2020.
Foodservice spending at restaurants and bars totaled a record $67 billion last month. That’s up more than $1 billion from February despite analysts saying the issue of finding restaurant staff is holding back sales.
The Bayer Carbon Program is a simple, straightforward program for growers to enroll in and get paid for implementing carbon-smart farming practices.
During the 2022 Top Producer Summit, Top Producer will recognize remarkable farmers who have taken risks, built thriving businesses and given back to their communities.
A U.S. judge rejected Bayer’s $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.”
The United Nations issued a warning this week as world food prices are rising at their fastest pace in a decade. Global food prices have risen for 12 consecutive months and now sit at their highest level since 2011.
As commodity prices screamed higher, the cost of doing business is increasing for grain elevators also was on the rise. And market analysts say if commodity prices rally again, it could come at a cost to farmers.
The latest Rural Mainstreet Index soared to a reading of 78.8, up from the 69 posted in April. The survey also found 60.6% of bank CEOs reported a local economy that expanded from April to May.
The ERS at the USDA tracks the effect of inflation (or to put it another way, less valuable money) on farmland prices. John Phipps looks at the numbers in relation to stepped-up basis.
Many economic factors are at play in the ag industry, everything from stimulus money to higher commodity prices to historically low interest rates. How will these issues impact your farm?
The June 1 Purdue University/CME Group Ag Economy Barometer shows farmer sentiments declined significantly in May.
The Senate Finance Committee held a hearing last week for President Biden’s nominee to be an assistant Secretary of the Treasury, which included a focus on possible tax changes that could impact farmers and ranchers.
The latest round of agricultural credit condition surveys from the Federal Reserve banks shows improved strength in the agricultural economy.
You can’t avoid all risk on the farm. But, a strong farm liability insurance policy greatly reduces your risk.
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.
Futures on the federal funds rate on Wednesday raised bets that the U.S. Federal Reserve will tighten monetary policy in early 2023 after Fed projections showed at least two rate increases that year.
The pandemic may be easing, but the job market remains complicated.
Economic stability and growth are returning to rural America.
Law enforcement officials in Tulare County California arrested this man for allegedly stealing and reselling more than 42,000 pounds of pistachios. The goods had been repackaged into 2,000 pound sacks for resale.
The Ag Credit Survey from the KC Federal Reserve shows strong profit potential for farm borrowers is helping support a second consecutive quarter of increasing farm incomes, loan repayment rates and farmland values.
Inflation concerns are heating up as fresh data from the Labor Department shows U.S. consumer prices have risen more than 4% over the past year, marking the sharpest increase since 2008.
John Phipps says the issue over possibly eliminating step-up in basis will be debated for months, but thinks there’s a bigger questions farmers should be asking right now.
The latest Ag Economy Barometer shows farmer sentiments remain strong. The April Barometer reading climbed one point to 178, which is just five points below it’s all-time high set back in October.
A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it’s not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.
There is growing concern crops being harvested will make it to market. The problem stems from a lack of truck drivers as COVID-19 concerns and high unemployment benefits are impacting the available workforce.
U.S. ag commodities trader Bunge Ltd adjusted income rose more than three-fold in the first quarter from a year earlier as strong crop export demand and stout oilseed crushing margins bolstered its core segment.
Lumber prices are up 359% since last year at this time, with a 69% increase taking place since the start of 2021, prices not trickling down to producers. And there are three factors aiding to the surge in prices today.
A boon in commodity prices is creating higher demand for everything from tractors to seed tenders. The long tail of the pandemic is creating a strain on the supply chain, and now demand has outpaced supply.