Corn’s net returns increased early in the decade, primarily due to a boom in the production of corn-based ethanol. Corn yields and acreage remained high after the boom, leaving supply high and leading, in part, to lower prices and returns over time. Net returns for soybeans shadowed those for corn during the ethanol boom, remaining higher than those for corn up until 2018.
Significantly larger pork sales to China boosted U.S. pork exports during first quarter 2020 to a record high volume of over 2 million pounds. Sales to China (including Hong Kong) were a record 597,000 pounds, up nearly fivefold, and more than 50% above earlier quarterly highs in 2008 and 2011.
A report from USDA and the Economic Research Service shows that growth in U.S. beef production has been supported by an increase in the average weight of cattle for beef production since 1970, despite a decrease in the overall number of cattle used in beef production.
In a recent report from KSHB, 16 employees of the USDA’s Economic Research Service (ERS) and 45 employees from the National Institute of Food and Agriculture (NIFA) had completed the move to Kansas City.
A survey conducted by the American Federation of Government Employees shows that most employees affected by the USDA move will likely leave their position rather than relocate. According to Politico, with whom AFGE exclusively shared the survey results, up to 80% of employees at several Economic Research Service (ERS) departments do not plan to relocate, despite being selected to work in Kansas City.
U.S. Secretary of Agriculture Sonny Perdue today announced the U.S. Department of Agriculture (USDA) will relocate the Economic Research Service (ERS) and National Institute of Food and Agriculture (NIFA) to the Kansas City Region.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.