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Direct Hit to Key Export Elevators, 22 Barges on the Loose: Logistical Nightmare Unfolds from Hurricane Ida

Hurricane Ida caused "significant damage" to a Louisiana grain export elevator owned by Cargill Inc. Ken Erickson, Senior VP agribusiness with IHS market, says the Hurricane's potential impact on exports is huge.

Once, Twice, Sold! 80 Acres in Iowa Sold for $22,600 Per Acre, Sets New State Record

The bull-run on Iowa farmland sales continues to play out in August. Less than two weeks after a farm ground sold for $19,000 per acre in Iowa, a new record sale was posted in Iowa Friday of $22,600 per acre.

Marked downshift in the Ag Economy Barometer

Purdue University and CME Group report the Ag Economy Barometer dropped 20 points during May to a reading of 158 points, the lowest since September 2020.