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Industry News Brief…
Friday, September 25, 2020
Source: The Washington Post; September 23, 2020
Lane Unhjem was driving his combine harvester across a field of durum wheat on his North Dakota farm earlier in the month, when suddenly smoke began billowing from the machine. Before Unhjem could figure out what was going on, flames started leaping around him. Read More…
Source: Phys.org; September 23, 2020
Researchers at Washington State University have predicted how and where the Asian giant hornet, an invasive newcomer to the Pacific Northwest, popularly dubbed the "murder hornet," could spread and find ideal habitat, both in the United States and globally. Read More…
Source: The New York Times; September 19, 2020
When Ms. Pinte emigrated to Okanagan Valley in British Columbia a decade ago, she experienced some culture shock, as she transitioned from the formality of Bordeaux’s centuries-old wine industry to Canada’s more laid-back style. Read More…
Source: The Guardian; September 18, 2020
Yangxiang is one of the Chinese giants of the pork industry, producing about 2 million pigs a year in a dozen farms throughout China. The Yaji mountain site is its largest and most advanced multistorey farming system, and will have the capacity to produce around 840,000 pigs a year when construction is finished. Read More…
Source: Federal Reserve Bank of Kansas City; August 13, 2020
The effects of the COVID-19 pandemic continued to pressure the agricultural economy and weighed on farm finances in the Tenth District. Farm income declined in the second quarter at the quickest pace since 2016, and weaknesses in both income and borrower liquidity were expected to carry into the coming months. Agricultural credit conditions remained weak overall, but relatively stable. Looking to the coming months, however, bankers expected farm borrowers to have greater difficulty repaying loans. Some of the current stability in credit conditions may be attributed to government programs that provided revenue support and additional financing options for borrowers. Read More…
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