The issue of foreign owned farmland has been percolating since the Chinese entity Fufeng bought 370 acres in Nort Dakota, near the U.S. Airforce’s Grand Forks Air Base which is home to sensitive drone technology. The land was purchased to build a corn wet milling plant that will start construction in 2023. The plant will begin construction in 2023 and is projected to process about 25 million bushels per year. That part of the project was warmly received in North Dakota, but the proximity to the air base has raised other hackles – reportedly 25 locations were scouted during the company’s due diligence. According to Fufeng, North Dakota was chosen due to corn supply and energy supply to operate the plant. ...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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Illuminating the value of technical research
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