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COMMODITIES

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Food, fuel go hand in hand

Food, fuel go hand in hand WASHINGTON — With gas prices ticking ever-higher and the summer months approaching, no relief is in sight. Gas prices affect not only your cost at the pump, but also the cost to transport goods you use in everyday life, such as food and clothing. With an economy that is slowly recovering, spikes in the price of fuel could spell disaster. Congress needs to act to ensure our economic recovery is not derailed.

By Roger Johnson , April 09, 2012

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MFU to hold farm bill listening session with Baucus

MFU to hold farm bill listening session with Baucus GREAT FALLS, Mont. – Montana Farmers Union president Alan Merrill announced that MFU will hold a farm bill listening session with U.S. Sen. Max Baucus, D-Mont., in Great Falls, Mont., on April 2, in conjunction with the MFU quarterly board meeting.

By Montana Farmers Union , March 26, 2012

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Conrad's farm bill concerns

Conrad's farm bill concerns WASHINGTON — The issue of whether proposed farm bill commodity programs would work in the Northern Plains remain to be resolved in Senate Agriculture Committee negotiations, Jim Miller, a former Agriculture Secretary for farm and foreign agricultural services and key aide to Senate Budget Committee Chairman Kent Conrad, D-N.D., said March 13 in an interview with Agweek.

By Jerry Hagstrom , March 19, 2012

Farm bill talks move forward

WASHINGTON — Senate Agriculture Committee Chairman Debbie Stabenow, D-Mich., told Agweek on Feb. 1 that she will hold four hearings in February and March in anticipation of bringing the farm bill to the floor before the House acts.

By Jerry Hagstrom , February 06, 2012

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Hormel ending tight confinement for pregnant pigs

By Agweek wire reports , February 06, 2012

Fed settlement reached in grain elevator fraud case

The U.S. Commodity Futures Trading Commission (CFTC) announced Wednesday that it had obtained a consent order and permanent injunction against Mark Vanderploeg, formerly of Glendale, Ariz., and three of his companies, including DVC Farms of Minneapolis.

By Mike Hughlett , December 15, 2011

Minnesota farmer to testify before Congress on MF Global collapse

Dean Tofteland raises corn, soybeans and pigs near Luverne in southwestern Minnesota. He has about $200,000 tied up with MF Global.

By Associated Press , December 13, 2011

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Deadline nears for risk management program

Jay Backowski, executive director of USDA’s Farm Service Agency in Douglas County, reminds producers that the sign-up deadline to elect the new Average Crop Revenue Election (ACRE) program is August 14.

July 29, 2009

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Sunflower growers get insurance against low prices

Sunflower growers get insurance against low prices The federal government is expanding an insurance program for sunflower farmers — two years after almost killing it — in a move that could help protect growers against fluctuating prices and low crop yields.

By Blake Nicholson , June 10, 2009

North Dakota farmers storing crops after grain prices drop

Area farmers are storing their crops after a drop in prices and waiting for a rebound. Problems on Wall Street bear most of the blame for plunging crop prices, said Mike Krueger, founder and president of the Money Farm, a grain marketing advisory service in Casselton. “The financial mess is affecting commodity markets,” he said. Many investors want the security of cash and are selling commodities, he said.

October 09, 2008

Pork industry in peril

Rising feed costs, low hog markets have some producers bowing out; others struggling WORTHINGTON — There is a vicious cycle running through the agricultural industry today, and it could be months, perhaps years, before any relief is in sight.

By Julie Buntjer , June 25, 2008

Floods could reduce corn supplies

Floods that have inundated the Midwest could reduce world corn supplies and drive food prices higher at a time when Americans are already stretching their grocery budgets and people in poor countries have rioted over rising food costs.

By By Stevenson Jacobs, The Associated Press , June 14, 2008

Brief: New Members Elected to Councils

ST. PAUL — Agriculture producers in Minnesota have elected new members to serve on four commodity research and promotion councils.

May 13, 2008

Soybeans are big export crop

When U.S. farmers are asked which country is the chief export competitor for soybeans with the U.S. they almost always say Brazil. That’s because we always hear about how many acres of soybeans are planted in Brazil and how big its soybean production is. But that’s not the case. Argentina’s combined exports of soybeans, soybean meal and soybean oil last year will total 41 million tons compared to 38.6 for Brazil.

By Mike Krueger , March 20, 2008

Analysts talk about next year’s markets

It’s the middle of the winter and few people are talking about how weather might affect the markets next summer. Everyone knows that supplies of all grains and oilseeds worldwide are in very tight supply. Those analysts who are trying to figure out what next year’s crop production might be are already factoring in trend line or better yield forecasts.

By Mike Krueger , February 14, 2008

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