Organic produce maintained its momentum in 2019

Organic produce sales in the U.S. rose 5 percent YOY in 2019 and represented almost 10 percent of overall produce sales, per the Organic Produce Network (OPN). OPN’s 2019 Organic Produce Performance report divided U.S. states into four regions, listing highest to lowest in [...]

Crude production up, ethanol production down for 2020

On Jan. 6, after trending upwards since early October 2019, Feb-20 WTI crude futures reached a nine-month-high. The contract rose almost 3 percent after tensions were heightened between Iran and the U.S. following the U.S. killing of Iranian Major General Qasem Soleimani. Since Jan. [...]

Australian wildfires visible from space

Having burned through over 15.6 million acres, the Australian wildfires have forced thousands to evacuate. Fires have been particularly intense along Australia’s east coast, with New South Wales suffering severe damage and Victoria declaring a state of disaster. Coastal communities, where fires were fanned [...]

U.S. may impose greater tariffs on EU goods

The Trump administration may add or increase tariffs on EU products, including agricultural products, to combat subsidies from the EU to Airbus. According to CNBC, “The U.S. has long argued that subsidies to Airbus hurt American aircraft giant Boeing and that the EU’s efforts [...]

Chinese Year of the Pig finishing with 40 percent fewer swine

Ironically, the Chinese Year of the Pig has seen a dramatic reduction in China’s hog population as Asian swine fever saw hundreds of thousands of animals culled. The Chinese government is encouraging provinces to begin pig breeding to help populations recover and is investing [...]

CBD profitability wide-ranging due to more acreage

Back in October, an Illinois farmer told WSJ he expected to net $75,000 per acre in profit from selling his CBD hemp and only $1,000 per acre for his corn and soybeans. Fast forward two months, and a Kentucky farmer, just one state away, [...]

Farm Bureau tallies cost of Thanksgiving dinner in 2019

The American Farm Bureau (AFB) reports that the cost for a Thanksgiving dinner went up in 2019: By exactly one penny. Per AFB, the average cost of Thanksgiving dinner for 10 people is $48.91, up from $48.90 last year. This nominal increase follows three [...]

Food Price Index finally ticks higher

FAO reported its Food Price Index appreciated by just 0.2 percent YOY in June, the first monthly YOY increase in 21 months. (Note: These figures are adjusted for inflation.) The increase comes courtesy of gains in three of the five subindexes: The Meat, Cereals, [...]