Key Takeaways:
Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machinery-cost survey. On the article’s illustrative 1,000-acre corn–soybean farm, the specified field operations use about 2,485 gallons. At $5.50 a gallon, their fuel bill is roughly $6,500 higher than at $2.89. This is an illustrative calculation using Iowa State’s gallons-per-acre estimates. A temporary diesel export embargo has supporters, but its effects remain contested. S&P Global’s models suggest that a complete ban woul...
It’s often said that history doesn’t repeat itself, but it often rhymes. If only humanity could stop repeating the worst parts of our historic verse. Politicians, again at the center of this week’s follies, have found a way to make old mistakes sound new: announce them at a pr...
What You Need to Know Today: Chinese President Xi Jinping arrived at the White House today as part of a highly anticipated three-day visit to the United States, marking his first visit to Washington in eleven years. Trade is expected to feature prominently in discussions with President Trump,...
Officials from the Trump Administration are reportedly considering rolling back the Administration’s beef import plan as there is a growing panic about the midterm elections. The proposal to reduce the 300,000 MT of beef imports – 100,000 MT for September – is being discussed...
