Glum farm outlook: Despite a boom in commodity prices, only 27 percent of farmers taking part in the monthly Ag Economy Barometer survey expect good times in U.S. agriculture during the next five years, the lowest level of confidence in the future since the survey began in October 2015 and a decline of 12 points from the previous month. (Purdue University)
POET gets bigger: The largest U.S. ethanol producer, POET, expanded its capacity by 40 percent, with the purchase of all of the biofuel assets of Flint Hills Resources, giving POET the ability to distill 3 billion gallons a year of the renewable fuel. (DTN/Progressive Farmer)
Kansas income zooms: Net farm income for Kansas farmers is forecast to soar by 24 percent this year due to high grain prices and the third round of coronavirus relief payments, but a sharp drop is likely in 2022, accoridng to Kansas Farm Management Association data. (Kansas State University)
Brazil okays GE salmon: Brazilian regulators, like their U.S. and Canadian counterparts, have approved sale of genetically engineered salmon for human consumption, said the company that developed the fish. (AquaBounty)
Small CFAP payout: In the week that ended on Memorial Day, the USDA issued the smallest amount of payments, $23 million, to producers through its Coronavirus Food Assistance programs since it reopened applications on April 5, according to payment data. (USDA)