STAFF BLOG AG RIGHT A glorious run in ag
Just one more proof (not that we need it) of how good the past few years have been in U.S. agriculture overall:
In 2009-2013, the value of U.S. ag exports totaled a whopping $230 billion more than in... Posted on 11/15/13 at 9:16 AM
Every month, Brushvale Seed in Breckenridge, Minn., typically prepares to ship about 100 containers of specialty soybeans to overseas customers.
In recent years, the company has cashed in on Minnesota’s growing status as a top exporter of agricultural products. At $2.2 billion in 2012, soybeans were the state’s top agricultural export, with half of the state’s crop going overseas.
The majority of soy exporting firms in Brazil have still not agreed to collect royalties for seed giant Monsanto Co., threatening sales of up to a quarter of the country’s soy crop, industry association Abiove said on Oct. 23.
India broke World Trade Organization rules by blocking imports of U.S. poultry and other farm products because of unsubstantiated bird flu fears, a WTO dispute panel ruled on Tuesday, potentially opening up an estimated $300 million a year export market for the U.S.
Russian companies have increased their orders from Turkish firms after Moscow stopped imports of most food from the West in retaliation for U.S. and European Union sanctions over Ukraine, a Turkish exporters’ group says.
Moscow banned imports of most food from the West on Aug. 7 in retaliation against sanctions over Ukraine, a stronger-than-expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days.
Senior agricultural experts from all 28 European Union countries will hold an emergency meeting next Thursday to analyze the impact of a Russian ban on EU food imports, the European Commission said on Friday.
The U.S. Department of Agriculture has already projected that U.S. soymeal exports will hit a record 10.7 million metric tons (11.8 million tons) this year, but they could well top even that lofty forecast if domestic feed users switch from pricey meal to relatively cheap distillers’ grains (DDG) and free up more meal supplies for the export market.
WASHINGTON — The National Grain and Feed Association is urging the Senate Agriculture Committee to make dramatic changes to reduce the size of the Conservation Reserve Program, which is currently authorized to pay farmers to idle up to 32 million acres of farmland.
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.
WASHINGTON — During the past year, I’ve visited dozens of Minnesota’s businesses and farms. All over the state, you see that “Made in America” isn’t just a timeworn cliché — it’s happening here and it’s happening now.
The wheat markets had losses of 15 to 26 cents last week. The winter wheat markets had the larger losses due to beneficial rains in much of the winter wheat belt and losses in the corn market. Minneapolis wheat had lighter losses due to strong export sales and lingering concerns about dry soil conditions in the Northern Plains. Markets will likely spend this week positioning ahead of the March 30 reports.
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