Inside The Numbers, Soybean Profitability

Below is just something that got me thinking. Iowa State University recently updated their cost of production estimates. You can see all of the results HERE. Herbicide tolerant soybeans planted following a rotation of corn are thought to carry an average production cost of between $9.39 and $9.55 per bushel or...

USDA Agricultural Outlook Forum

Here is a brief summary with a few interesting slides from the recent USDA Ag Outlook Meeting, the full presentation of which is available HERE. The markets didn't really move much yesterday and most of the action continues to hinge on South American weather forecasts, which we all know and...

Harvested Cropland Declined -3 Million Acres in 2017

The latest update on from the USDA, ERS Major Land Uses series shows that crop failure lead to a decline in U.S. harvested acres in 2017. Crop land used for crops is comprised of three components: cropland harvested, crop failure and cultivated summer fallow. Collectively, these components represent the land...

Teamsters vs. Technology

Negotiating for nearly 260,000 UPS employees, the International Brotherhood of Teamsters is bringing an interesting debate to the table. Supposedly, in the details of their latest proposed labor agreement, there are demands that UPS do away with both drone deliveries as well as the use of autonomous vehicles. As most...

Bringing Real-Time Data and Insights to Sustainable Agriculture from Farm to Table

During 2018, iSelect, The VanTrump Report and The Yield Lab Institute are sponsoring a series of weekly webinars featuring the best in agriculture innovation. Agrifood Conversations is all about driving innovation and each month will highlight a specific theme, from biologicals to vertical farms, featuring emerging topics such as soil...

South Korea A Key Ag Market For U.S. Exporters

South Korea has been in the headlines lately with the Winter Olympics. However, U.S. exporters are increasingly excited with the country as it is the fifth largest market reaching over $6.8 billion in 2017 alone. With livestock, grains, and horticultural products leading the way, South Korea has also rebounded from...

Demand for U.S Ethanol Exports Will Increase Due to Ambitious World Targets

I came across some great information from the economic researchers from USDA who put together a study to find the estimated ethanol production and use in eight countries including: Argentina, Canada, China, Colombia, India, Japan, Philippines and Thailand. Using data from GAIN reports they calculated the average expected ethanol-blended gasoline,...

Smaller Might be Beating Bigger In Home Delivery Of Groceries

Technology has turned competition upside down and we like to say it is no longer the big that eat the small, but rather the fast that eat the slow. Start-up company CommonSense Robotics is moving in that direction as they seek to disrupt the already disrupted home delivery of groceries...

Bringing the Power of Drone Imaging to The Agriculture Market

During 2018, iSelect, The VanTrump Report and The Yield Lab Institute are sponsoring a series of weekly webinars featuring the best in agriculture innovation. Agrifood Conversations is all about driving innovation and each month will highlight a specific theme, from biologicals to vertical farms, featuring emerging topics such as soil...