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Last week’s derecho (high winds) in the Midwest was a stark reminder of how Mother Nature is in charge. This was one of the big events that changes how a year of farming turns out, especially if you are in the center of it. There are so many pictures of flat corn and snapped corn, plus lots of ruined grain bins. Some of this event will be covered by crop insurance, wind insurance and property/casualty insurance. It still is a big deal.
There have been many trends in the food industries in the past 20 years, but Mike Lee says at the end of the day, it is often emotions that help us decide how we eat. “We sell food one bite at a time,” he says.
If you’re one to sing along with an old country music tune playing on your pickup truck radio, you might have heard the first verse of this song last month. The second verse sounds a lot like the first.
The USDA’s August World Ag Supply and Demand Estimates (WASDE) report raised the milk production forecast for 2020, while scaling back the large jump in milk prices projected last month. However, the feed outlook should also translate into lower costs.
USDA Secretary Sonny Perdue announced a number of updates to the Coronavirus Food Assistance Program (CFAP), including an extension of the sign-up period and a timeline for the final payment installment.
Despite a highly disrupted trade environment, June capped a six-month period that saw U.S. dairy product exports post double-digit growth. On the other hand, exports of hay dipped to a five-month low, while exports of dairy replacement heifers fell to the lowest level in more than four years.
There apparently has been an update in the decade-long saga of the DairyAmerica milk powder lawsuit. Meanwhile, about 26,000 U.S. dairy farmers are waiting for approximately $26 million in settlement agreement payments.
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