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US Agriculture - New and Insights
Industry News Brief…
Friday, October 9, 2020
Source: The New York Times; October 8, 2020
President Trump vowed to once again punish China with tariffs if he won re-election, claiming his strategy of heavily taxing Chinese products had forced Beijing to make trade concessions and helped American farmers. Read More…
Source: Reuters; October 2, 2020
China may fall short of annual agricultural product purchasing commitments made in its Phase 1 trade deal with the United States due to “non-agricultural trade issues,” U.S. Department of Agriculture Secretary Sonny Perdue said on Friday. Read More…
Source: Fortune; October 5, 2020
In recent weeks, farmers across the Midwest have begun harvesting millions of acres of corn, soybeans, and other fall crops. As tractors and combines crisscross the fields, the farm sector faces tough times because of low prices, a consequence of the COVID-19 pandemic's hit to restaurants, hotels, and other big food buyers. Read More…
Source: ZDNet; October 7, 2020
The agriculture industry has hit a turning point. Faced with a massive labor crunch and environmental instability, aggressive technology deployments are no longer an option for outliers in the sector, but a necessary and critical element in the success of the farm. Read More…
Source: GeekWire; October 6, 2020
In the old days, farmers kept track of their crops’ vital stats in logbooks and on whiteboards — but in the new days, that’s just not going to cut it. Read More…
Source: The Wall Street Journal; October 6, 2020
Cold-storage warehouses, which are similar to industrial warehouses but are refrigerated to store goods that need to remain fresh or frozen, usually cater to food producers, food wholesalers and retailers such as grocers, restaurants and other bulk buyers. But during the early days of Covid-19, shoppers swarmed supermarkets, hoarding frozen foods and other staples. Grocers, farmers and meat producers suddenly had to repackage food in smaller portions so it could be stockpiled for grocery-store customers at a time when most restaurants closed down. Read More…
Source: The Wall Street Journal; October 6, 2020
The coronavirus pandemic came at a bad time for the Burnsville Center mall near Minneapolis. In May, Macy’s Inc. said it would close its store. J.C. Penney Co., which also has a store at the mall, filed for bankruptcy. Read More…
Upcoming Webinars
Wednesday, October 21, 2020, 3:00PM ET | 2:00PM CT | 1:00PM MT | 12:00 noon PT
Anatole Pevnev
US Agriculture
Nathan Kaufman
Federal Reserve Bank of Kansas City
Bruce J. Sherrick
TIAA Center for Farmland Research
University of Illinois Champaign Urbana
Jackson Takach
How have the events of the last six-months altered the investment landscape?
Please join us and our panel of respected economists for a discussion of the impact of COVID-19 on farmland investment in the United States.
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