Besides weighing potential market prices against the cost of fuel, fertilizer and seeds, farmers have a new factor for their planting decisions: Will it assure them of a trade war payment? President Trump's suggestion that if his trade deals with China and other nations are slow to bear, "aid will be paid by the federal government," could encourage farmers to plant more land this spring than would otherwise be justified.
Chickpea prices have soared 44 percent in the past year to reach an all-time high in India, says Agrimoney. India is the world's largest consumer of chickpeas but the pulse is in short supply because of drought.
Good times or bad, milk production seems to go only one direction in the United States — up, which it is doing for the third year in a row despite a tumble in market prices. Economist Scott Brown says if the industry is unable to cut output, the only solution to excess milk supplies will be larger domestic and export demand.