Top Producer
“Whatever your case might be, it’s about how to help absorb potential unforeseen shocks and potential short term losses if they occur,” says John Steeves with Rabobank.
Earlier this spring, Bayer leadership confirmed it’s engaging in the multifront approach to limit its legal liabilities as the only domestic manufacturer of glyphosate.
Agriculture has been watching a ballooning backlog: 504 new chemicals in review plus 12,000 pesticide reviews that are overdue compared to their expected timelines
May futures are in the process of printing a monthly key reversal. Ironically, this is just what it did five years ago in August 2020. Coincidence you might think?
“Let’s just put it this way, things are happening this spring we’ve never seen before,” says Josh Linville, vice president of fertilizer at StoneX.
While 56% of farmers say they believe the ongoing trade disputes with China and other countries will hurt them financially this year, 70% say they believe the U.S. and agriculture specifically will benefit in the long-term.
“Don’t panic,” says independent crop consultant Steve Hoffman with In-Depth Agronomy. “This is going to be a gradual phase in, and I know it’s definitely adding complexity.”
The stakes are high with the latest trade war. While the risks of losing more market share into China are a concern, the upside potential of a trade deal with China could be monumental.
Agriculture is an export dependent business. At peak uncertainty, the industry could go either way: Gain ground with new trade deals or take a big hit as exports further decline.
A farmer’s yearly harvest is in the crops they grow. And their lifetime legacy lives on in the family they raise. That sentiment is embodied in the life of Willard Jack, who died over the weekend after a courageous battle with cancer.