Corn and soybean stockpiles are biggest in four years, expected to grow larger
U.S. grain bins and warehouses held the largest corn and soybean reserves in four years at the beginning of the fall harvest, said the Agriculture Department on Monday. The stockpiles were expected to grow larger still due to bumper crops this year that would keep the pressure on weakening commodity prices for months to come.
Third year of farm income decline is on the horizon
Lower market prices for many crops and for poultry will pull down farmer income in 2025, bringing the third year in a row of declining net farm income, said the Food and Agricultural Policy Research Institute (FAPRI) on Monday. Net farm income, a gauge of profitability, would fall by 6 percent in 2025 and rebound modestly in 2026, said the University of Missouri think tank.
Bumper U.S. crops this fall will drive farm-gate prices lower, says USDA
Farmers will reap their largest soybean crop ever this year, and the third-largest corn crop, said the Agriculture Department on Monday in its first forecast of the fall harvest. The mammoth crops will outpace demand and drive down prices, it said. Corn and soybean inventories would balloon to the largest size in six years and weigh on commodity markets far into 2025.
Larger-than-average ‘dead zone’ is forecast for Gulf of Mexico
Based on streamflow and nutrient runoff from the Midwest and Plains, federal scientists forecast a "dead zone" of 5,827 square miles in the Gulf of Mexico this summer, 50 percent larger than last year and three times bigger than the 2035 target for reducing nutrient pollution. This year's dead zone would be the equivalent of 3.7 million acres, or 14 percent of the farmland in Illinois.
Derecho hit 10 million acres of crops in Iowa
Roughly four of every 10 acres of corn and soybeans in Iowa “was impacted” by a fast-moving, intense windstorm, said Gov. Kim Reynolds on Tuesday. Radio Iowa quoted the governor as saying the estimate of 10 million acres affected “is really an early estimate. Some of the photos have just …
New USDA report finds consolidation across crop, livestock sectors
A USDA report released March 20 finds that consolidation is rampant across agricultural sectors, affecting nearly all crops and most livestock.
‘On-off switch’ would allow plants to grow well and tolerate stress
Plants that grow well often fare poorly in heat or drought, while those that seem to shrug off hot or dry weather often grow slowly; neither type is ideal for crops. Now a Purdue plant scientist “has found the switch that creates that antagonism, opening opportunities to develop plants that exhibit both characteristics,” said the university.
Opposite sides of the GMO street
1. Environmental Working Group produces a GMO-free food guide. In a nutshell, it says, buy organic or verified GMO-free foods and steer away from food made with corn, soybeans, sugar and vegetable oils because most of the US supply comes from biotech crops.