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Sep 7, 2023 | 
agfax.com | Taylor Leach |Long-Term Challenge |Annie’s Project
So far, 2023 has been a wild year for weather. Flooding, drought and hail have all made their way into the headlines – not to mention the extreme high and low temperatures seen throughout the seasons. While weather patterns have been anything but predictable this year, Eric Snodgrass, Principal Atmospheric Scientist for Nutrien Ag Solutions, says America’s heartland may start to see wetter weather conditions just in time for fall.
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Sep 7, 2023 | 
agfax.com | Jennifer Shike |Long-Term Challenge |Annie’s Project
Tyson Foods, Inc., is teaming up with Gatik AI, Inc., in a multi-year collaboration to deploy autonomous, “self-driving” refrigerated box trucks to bolster Tyson routes in Northwest Arkansas. Operating 18 hours a day, trucks will deliver Tyson, Jimmy Dean and BallPark products, among others, to the company’s distribution and storage facilities in the Rogers and Springdale, Ark., areas.
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Sep 6, 2023 | 
agfax.com | Margy Eckelkamp |Long-Term Challenge |Annie’s Project
Last week, USDA released its Farm Sector Income Forecast. When adjusted for inflation, net farm income, a broad measure of farm profitability, is expected to decrease $48 billion (25.4%) in 2023 compared with 2022. The forecast from USDA cites two factors contributing to the year-over-year decline:Lower government paymentsHigher production expensesCompared to 2022, this year’s government payments in aggregate will be 19% lower.
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Sep 6, 2023 | 
agfax.com | Margy Eckelkamp |Long-Term Challenge |Annie’s Project
In mid-July John Deere announced its acquisition of Smart Apply. Smart Apply is based in Indianapolis and focused its product development on precision air-blast spraying. Its Intelligent Spray Control System can be used in orchards, vineyards or tree nurseries to:Reduce overall chemical use on average by 50%Reduce Airborne drift up 87%Achieve 93% reduction in run offUse on average 50% less waterThe two companies had worked together since 2020 when an allied distribution agreement was announced.
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Sep 6, 2023 | 
agfax.com | Mary Hightower |Long-Term Challenge |Annie’s Project
STUTTGART, Ark. — High winds and heavy rain from Labor Day storms that raked across the Arkansas Delta may dampen some of the enthusiasm for the 2023 rice harvest, said Jarrod Hardke, extension rice agronomist for the University of Arkansas System Division of Agriculture. “It was pretty rough in some places, with 1-3 inches of rain and 50-60 mile per hour winds,” he said on Tuesday.
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Sep 5, 2023 | 
agfax.com | Jeff Thompson |Long-Term Challenge |Annie’s Project
Last week was a case of bad news for some was good news to others. Hurricane Idalia was expected to take her Category 3 winds east of all but a small portion of the Georgia crop. Instead, upon landfall it veered slightly northward damaging a much larger expanse of the state’s crop. While abroad, China’s economy has slumped to the point its government announced Friday monetary policies would be instituted in an effort to bolster it.
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Sep 5, 2023 | 
agfax.com | Jenna Hoffman |Long-Term Challenge |Annie’s Project
In its August 2023 report, the Kansas City Fed found farmland values eased from a year ago but remained steady at an average increase of 7%. Despite rising input costs and interest rates, farmland continues to be a wise investment opportunity, according to Bruce Sherrick, professor at the University of Illinois. “People sometimes refer to farmland as an investment in gold, plus a coupon,” Sherrick says.
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Sep 5, 2023 | 
agfax.com | Jane Marsh |Long-Term Challenge |Annie’s Project
Agriculture has seen an increase in online threats. Here’s why the sector has become a target, the attacks it faces and five ways it can stay safe from malicious actors. Why Has the Agriculture Sector Become a Target? Agriculture technology (ag tech) has made many daily operations easier and it aids with increasing output. It relies on different devices and software to help with efficiency, yield and profitability. The technology can include computers, robotics, drones, software and vehicles.
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Sep 5, 2023 | 
agfax.com | Long-Term Challenge |Annie’s Project
Farmland LP, a fund manager specializing in organic agricultural acreage, launched its third farmland fund looking to raise $250 million as that type of investment has produced higher returns than commercial properties by a wide margin over the past year. Commercial properties have returned a negative 6.6% return over the past four quarters, according to the National Council of Real Estate Investment Fiduciaries Property Index.
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Sep 1, 2023 | 
agfax.com | Long-Term Challenge |Annie’s Project
WASHINGTON, – The U.S. Department of Agriculture (USDA) today announced that it is improving crop insurance options for small and diversified farmers through improvements to the Whole-Farm Revenue Protection (WRFP) and Micro Farm insurance plans. These updates are part of USDA’s Risk Management Agency (RMA) efforts to increase participation and access to crop insurance.
