Agriculture News
Farm Journal’s June Ag Economists’ Monthly Monitor shows a weaker ag economy versus a year ago, but more than 80% expect consistent or better conditions over the next 12 months despite ongoing margin pressure.
U.S. areas suffering from dryness or drought are down 10.6% over the last month
Corn acres landed above the average pre-report estimate, though lighter-than-expected June 1 stocks are supportive. Wheat acreage and stocks were mostly short of average pre-report estimates.
USDA says Trump’s executive order suspending phosphate duties could cut fertilizer prices by about 22%, saving U.S. farmers an estimated $1.82 billion annually across 97 million planted acres.
The Executive Order signed by President Trump Monday comes after years of farmer lobbying against phosphate duties, with Texas A&M estimating $6.9B in added costs since 2021 tied to sharply higher DAP fertilizer prices.
Spotty thunderstorms in the Midwest and heavy rains in the Gulf Coast were the main precipitation events
Monthly RMI survey notes rise in outlook for farmland values.
A majority of commodities saw a reduction in acres impacted
Annual SDSU survey says cropland values stabilize after years of gains.
NOAA officially declared El Niño on Thursday and says the climate pattern has a 63% chance of reaching “very strong” status by fall, potentially shaping U.S. weather through harvest and winter.
The U.S. is now below 75% or more abnormally dry for the first time since February
New World screwworm was confirmed in the U.S., yet cattle futures rallied. An Ever.Ag analyst explains why uncertainty mattered more than the confirmation itself.
The May Farm Journal Ag Economists’ Monthly Monitor reveals growing concern over farm profitability, rising debt costs and long-term financial stress, with economists saying many operations may need significant restructuring to remain viable.
Ben Rand of Blue Line Futures says an unprecedented Western drought is shrinking crops, drying up wells, tightening hay supplies and accelerating cattle herd liquidation across the region