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US Agriculture - New and Insights
Industry News Brief…
Friday, November 20, 2020
Source: Federal Reserve Bank of Kansas City; November 12, 2020
A sharp decline in farm income in the previous quarter abated somewhat in the third quarter. Increases in prices for the region’s major commodities late in the third quarter, in addition to direct government payments, supported farm incomes in the Tenth District (Chart 1). About 55% of agricultural bankers throughout the District reported lower incomes than a year ago, compared with 75% in the second quarter. Recent developments also led to more optimistic expectations about changes in farm income through the end of the year. Read More…
Source: Bloomberg; November 17, 2020
A shaken U.S. agriculture industry already “stressed” by a profitability squeeze in a pandemic year may see little relief in 2021, according to a survey of industry lenders. Read More…
Source: Reuters; November 17, 2020
U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China trade war. Read More…
Source: Western Farm Press; November 18, 2020
A recent survey of almond farmers with small orchards, defined as 1 to 49 acres, showed half the respondents either already grow or are interested in growing cover crops with growers in Sacramento Valley statistically more likely to adopt cover cropping. Read More…
Source: CBS News; November 14, 2020
A small farm in upstate New York is working to revolutionize the organic farming industry, starting with supporting their local ecosystem while growing, among a variety of grains, hemp — the plant behind the multi-million dollar CBD industry. Read More…
Source: Bloomberg; November 15, 2020
Honestly, the name is fantastic: "McPlant." Just saying it feels like taking a bite out of something. Let's hope whichever midlevel marketing executive blurted it out into a Chicago conference room got a super-size bonus. Read More…
Source: The Hill; November 15, 2020
A sharp spike in COVID-19 cases across the U.S. is threatening the economic recovery and increasing the odds of a double-dip recession. Read More…
Upcoming Webinar
Tuesday, December 8, 2020; 3:00PM ET | 2:00PM CT | 1:00PM MT | 12:00 noon PT
Top soil, along with sunlight and water, is fundamental to agriculture. But, the United States Department of Agriculture estimates that we lose an average of 2.7 tons of top soil per acre to water erosion and 2.1 tons to wind erosion every year. How does this steady loss of valuable top soil change the way we look at farmland investments? Join us as our panelists discuss how we got here and how we deal with the issues facing us today.
Anatole Pevnev
US Agriculture
Hans Kok
Independent Conservation Consultant
Jackson Takach
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