Two years of drought have had a major impact on hay production, according to the recently released Dec. 1 hay stocks from the USDA.

Based on the most recent U.S. Drought Monitor data, the impact of drought continues to be a theme into the new year even as rains bring relief to beef cattle producers in parts of the West.

In addition to setting a global value record with one month to spare, U.S. beef exports also set annual value records in several individual markets.

The Biden administration issued a water law reversal on the last working day of 2022, creating further change in the longstanding issue of how to define navigable waters of the U.S., including streams, runoff and ponds used in agriculture.

The Biden administration issued a water law reversal on the last working day of the year, thus creating more uncertainty in the longstanding issue of how to define navigable waters of the U.S., including streams, runoff and ponds used in agriculture.

Harsh winter storms have made their way across much of the eastern U.S. and Midwest, leaving more than 300,000 homes and businesses across the U.S. without power and travelers stranded over Christmas as the airports closed, canceling more than 8,000 flights, and roadways quickly became impassable.

In this episode, two guests weigh in on what's ahead for agriculture in the new year. Redd Summit Advisor's Ross Bronson addresses ways producers can leverage the decline in cattle inventory, and CoBank's Brian Earnest discusses recessionary fears, rising interest rates and more.