STAFF BLOG AG RIGHT Think beef prices are too high?
A rancher phoned me today. I'd left him a phone message several days earlier to line up a down-the-road story.
He apologized for not calling back sooner. He said he's in the middle of calving and tha... Posted on 5/6/14 at 10:01 AM
It’s been two years since a devastating drought withered crops in the U.S. and sent the price of corn skyrocketing.
Now, U.S. farmers, including those in South Dakota, are preparing to harvest what is expected to be a massive corn crop for the second year in a row, even as the price of corn has tumbled to a level far below where it was a year ago.
Minnesota farmers might be looking at a financial squeeze this year. The wet spring has eliminated drought in much of the Corn Belt, suggesting a big crop could be on the way. That’s helping drive down prices below the breakeven level for a lot of producers.
WASHINGTON — The Justice Department will continue to advise the Agriculture Department on the USDA Grain Inspection, Packers and Stockyards Administration’s rewrite of the rule governing the Packers and Stockyards Act, outgoing Assistant Attorney General Christine Varney said July 12.
In a year filled with economic turmoil, cattle and hog prices are rising thanks to an unusually tough winter.
“There’s less supply and more demand than a year ago,” said Mitchell Livestock Auction partner Marion Rus. “Export demand is also better than a year ago, and imports into this country of meat are also down.”
State is the main U.S. source for fresh winter tomatoes, and its growers lost some 70 percent of their crop during January’s prolonged cold snap. Wholesale prices are up nearly five times over last year. That means you can say goodbye to the beefsteak tomatoes on that burger and prepare to pay more than usual for the succulent wedges in your salad.
Farmers enrolled in a program that rewards them for reducing greenhouse gasses are finding the market for their carbon credits has shrunk amid the recession and uncertainty about climate legislation being crafted by Congress.
Carbon dioxide credits are fetching about 60 cents a metric ton, down from a high of about $7 a year ago, according to the National Farmers Union, which runs the program.
By James MacPherson, The Associated Press
July 30, 2009
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