January 24, 2020

USDA Monthly Ag Prices Report

On September 27, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released its monthly Agricultural Prices report.

In part, the NASS report stated that: “The corn price, at $7.35 per bushel, is down 28 cents from last month but 97 cents above September 2011…The soybean price, at $16.30 per bushel, increased 10 cents from August and is $4.10 above September 2011…[and]]…The September all wheat price, at $8.49 per bushel, is up 45 cents from August and 95 cents above September 2011.”

The following graphs were also included the NASS report (click on graph for full-size view).


Ag Committee Portrait Unveiling of Senator Tom Harkin

Categories: Rural America

From Sen. Tom Harkin’s (D., Iowa) office, Sep. 26:


Farm Bill; Ag Economy; Biofuels and, Trade

Farm Bill –Policy Issues

The AP reported yesterday that, “Idaho’s $2 billion milk industry failed to convince Congress this month to pass the new federal farm bill and its provisions to help dairies mitigate rising grain costs and volatile markets that have pushed them to three quarters of losses.

“Though a farm bill cleared the U.S. Senate, it’s languished in the House.”

The article noted that, “Bob Naerebout, director of the Idaho Dairymens Association, said Wednesday his members are disappointed by the delay, as they want the dairy-related provisions enacted quickly to help them re-emerge from nine months of losses. While grain farmers can wait until next planting season, he said dairies need relief now from rising feed prices that have driven dairies’ costs above profitable levels.

“‘We harvest a crop every day, 365 days of the year,’ Naerebout said. ‘It’s critical for us to have stability in the farm bill.’”