On Monday, USDA reported that as of May 8 64% of U.S. corn acres had been planted. This compares with 45% the week before and 69% a year ago on this date. Corn planting so far this year is well above the 50% 5-year average.
As of May 1, nearly half of U.S. corn acres that are expected to be planted during 2016 are in the ground and soybean plantings is just getting started.
As of February 9, 2016, U.S. net farm income is forecast to fall to $54.8 billion in 2016 after recently peaking in 2013, due largely to declines in commodity prices.
The decline reflects the fall in gasoline consumption in the United States, infrastructural and other constraints on growth for E15 and the small size of the market for E85, with less-than-offsetting increases in U.S. ethanol exports.
St. Paul-based AgriBank announced financial results for the fourth-quarter and full-year 2015 with strong net income and credit quality, and robust liquidity and capital.
It should come as no surprise, but in its Feb. 9 Farm Sector Income & Finance report, USDA is again projecting that net farm income for U.S. farmers will decline for the third year in a row.
USDA is partnering with 21 states through the Biofuel Infrastructure Partnership to nearly double the number of fueling pumps nationwide that supply renewable fuels.
The Oct. 9 World Agricultural Supply Demand Estimates report from USDA produced little change when it comes to crop receipts projections. So, was it a positive or negative for ag equipment dealers and manufacturers?
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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