A week or so ago we wrote about how farmers will not suffer significant financial losses because of the drought. In fact, it is extremely likely that net farm income will stay very high in 2012/13 despite the drought because of the great crop insurance program. There are, of course, many who will definitely be hurt by the drought, among them:
The business of grain origination in the U.S. has been extremely profitable for several consecutive years. Big crops and high prices have meant big volumes and very wide handling margins. The same has been true on the export side. Hundreds of millions of dollars have or are being spent to build or upgrade facilities in the interior and at export locations. Very small corn and soybean crops also w...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
