USDA’s latest forecast for US farm income in 2024 paints a less severe decline than initially forecast. The agency now expects net farm income will fall just -4.4% from last year versus its February forecast for a whopping -25% decline However, the outlook varies widely depending on the commodity and, unfortunately, most row crops are …
USDA Provides Better Outlook for US Farm Income but Not For All Producers Read More »
As the hurricane season advances, the precision of Weather 20/20’s predictions, deeply rooted in the science of our patent-pending Lezak Recurring Cycle methodology, becomes increasingly evident. This year, we are set to deliver the most accurate hurricane forecasts for the third consecutive year, distinguishing our approach from conventional forecasting methods. Even with the unexpected lack …
How Weather 20/20’s 2024 Hurricane Prediction Accuracy Can Help You Read More »
With falling interest rates, it’s time to think more seriously about dividend yield. In our late May ag equity report, your correspondent considered strategies for investing in an uncertain inflation environment. Now, Fed Chairman Jerome Powell has signaled it is time to cut the U.S. Fed funds rate. Unemployment is at least of equal concern …
Broke Bob’s Ag Equity Report: Searching for Yield as Interest Rates Fall Read More »
Though summer may be ending on the calendar in just under three weeks with the autumnal equinox, an unusually cold weather system from the Gulf of Alaska has already interrupted summer along the West Coast of the United States, bringing snow to Washington state’s Mount Rainier and a lookout point of California’s Sierra Nevada. This …
Cowboys might be the human stars of rodeos but they play an equal part to the bulls that help them buck their way to championships. The best of the best can net their owners millions and breeders over the past two decades have adopted increasingly sophisticated methods and technologies to produce champion blood lines. Contrary …
Believe it or not, football season is almost here! Meaning “chicken wing” demand will rapidly start to increase. During the Super Bowl game alone last year, it is estimated that Americans ate 1.45 billion chicken wings. What’s even more crazy is how chicken wings became America’s favorite finger food. Below is a brief history… The …
USDA in its latest outlook for the US pork market slightly lowered its production estimate for 2024, though it still expects output will top last year. While production growth has helped fuel US exports this year, USDA notes that uncertainties in key importing countries could keep a lid on further demand growth. USDA lowered second-half …
US Pork Outlook: Stable Production, Slowing Demand Read More »
Much like humans, sweating is a key way for cows to regulate their body temperature and avoid overheating. Most cow breeds, however, do not sweat efficiently, which can be a real and sometimes deadly problem when outdoor temperatures are soaring. As more cattle production areas around the world are affected by extreme heat, scientists have …
Across the globe, the adoption of agricultural drones has soared. According to drone manufacturer DJI Agriculture’s 2023/24 report, by the end of 2023, over +300,000 agricultural drones were in use in more than 100 countries and regions. As of June 2024, these drones have treated over +1.2 billion acres (500 hectares) of farmland. But as …
As Drones Take Off in Agriculture, US Leaders May Restrict Popular Chinese Brands Read More »
California has led the nation in building demand for renewable diesel, with nearly all US production consumed in the state. The legislation largely responsible for this is California’s “Low Carbon Fuel Standard” (LCFS), which incentivizes demand by providing carbon credits for low-carbon and renewable alternatives. Now, state officials are considering capping the amount of renewable …
California’s Proposed Clean Fuels Reforms are Bad News for US Farmers Read More »
