Monthly Archives: December 2020

U.S. Raising Tariffs on Certain European Imports

The U.S. government says it will raise tariffs on certain products coming into the country from the European Union. Reuters says those products include wines from France and Germany, as well as aircraft components. It’s the latest move in a

Grain Exports End 2020 on High Note

The newest grain export sales report from the USDA for the week ending on December 24 shows that 2020 is ending on a positive note. Soybean export sales for the 2020-2021 crop surpassed analyst expectations. The trade was looking for

Ethanol Production Drops to a Two-Month Low

Ethanol output dropped week-to-week to its lowest level in over two months while stockpiles continue to increase. The Energy Information Administration says U.S. production of the biofuel dropped to an average of 934,000 barrels a day in the week ending

Farmland Prices May Rise in 2021

After years of stability, farmland prices may be set to rise in 2021. Farm Journal’s Ag Web Dot Com says factors are coming together that may be about to send the price of land higher. Some of the key factors

The Economic Perspective: “Economic Policy Under the Biden Administration”

Mary:  I’m Mary Walden with economist MW welcoming you to the economic perspective. Today’s program looks at economic policy under the Biden Administration.  Mike, President-Elect Biden has been announcing the people who will help develop and implement his policies.  What

Analyzing What 2021 Could Mean for Farm Sector

Recent developments in the ag economy could provide insight into how next year might look for the farm sector in various economic indicators. Rod Bain reports.

Gallup Poll Says U.S. Ag’s Image is Changing for the Better

For the first time in 20 years of Gallup surveys tracking American’s views on business and industry, the top three on the list of industries viewed most positively are farming and agriculture, the grocery industry, and restaurants, at numbers one,

New Five-Year Dietary Guidelines Released

The USDA and the Health and Human Service Department released the 2020 edition of the Dietary Guidelines for Americans. The Hagstrom Report says the guidelines will be in place for five years. Ag Secretary Sonny Perdue says, “The theme of

Grain Prices Should Improve in 2021

Global grain stocks will likely be about 1.5 percent higher than last year, reversing the downward trend over the prior few years. Despite the rise in global supplies, USDA forecasts higher corn, wheat, and barley prices than in the 2019-2020

Corn Export Inspections Rise While Soybeans and Wheat Drop

Inspections of corn for export improved week-to-week, while soybeans and wheat assessments declined. The USDA says the government inspected 993,710 metric tons of corn for overseas delivery in the week ending on December 24. That’s up from the 770,000 metric