Latest News From Farm Business - General

House Passes U.S. Ocean Shipping Reform Act
House Passes U.S. Ocean Shipping Reform Act

The House passed legislation providing for the first major update of U.S. International ocean-shipping laws in more than two decades. That comes as the nation continues to grapple with bottlenecks at its ports.

An Inside Look At How One Veteran Turned First-Generation Farmer Finds The Proven Grit To Succeed
An Inside Look At How One Veteran Turned First-Generation Farmer Finds The Proven Grit To Succeed

Iowa farmer Jim Yenter served his country for a decade. And now the U.S. veteran is a first-generation farmer who's determined to share his love for farming and the business he's built with the next generation.

NIFA Invests $50M for Beginning Farmer and Rancher Development
NIFA Invests $50M for Beginning Farmer and Rancher Development

The U.S. Department of Agriculture’s National Institute of Food and Agriculture announced an investment of over $50 million to 140 organizations and institutions that teach and train beginning farmers and ranchers.

U.S. Antitrust Official Says Competition in Labor Markets a Top Concern
U.S. Antitrust Official Says Competition in Labor Markets a Top Concern

The U.S. Justice Department's acting head of Antitrust Division says labor markets were a top priority for enforcement efforts, indicating a shift toward issues set by the White House's executive order on competition.

Vilsack Says 98.9% of Farmers Won’t Be Impacted by Biden’s Tax Plan, Tax Experts and Economists Still Disagree
Vilsack Says 98.9% of Farmers Won’t Be Impacted by Biden’s Tax Plan, Tax Experts and Economists Still Disagree

Possible tax changes on the table in Washington are causing angst in agriculture. Secretary Vilsack says the proposed changes won't impact 98% of family farms, but another analysis contradicts those claims.

How the Farm and FFA Shaped Nashville Star Easton Corbin’s Career
How the Farm and FFA Shaped Nashville Star Easton Corbin’s Career

Easton Corbin is no stranger to agriculture. Growing up in Florida, raising and showing cattle was engrained from the start, as was FFA. The Florida farm kid, instead, attending college majoring in Agriculture Business

In this Tuesday, April 4, 2017, photo, Blake Hurst, a corn and soybean farmer and president of the Missouri Farm Bureau, right, talks with his son Dallas Hurst, left, and his brother Brooks Hurst, center, on his farm in Westboro, Mo.
House Committee Nixes Transfer Tax Proposal, Farm CPA Bumps Grade From 'F' to 'B-'

Paul Neiffer says one of the biggest benefits in the House’s proposed plan is farmers won’t be hit with increased taxes at death, as the transfer tax is no longer included and the full step-up in basis remains.

Field of Art: An Ohio Farmer's Life-Size Tribute to 9/11 is Planting Seeds of Unity for 20th Anniversary
Field of Art: An Ohio Farmer's Life-Size Tribute to 9/11 is Planting Seeds of Unity for 20th Anniversary

From an American flag one year to a POW tribute the next, Wilber Meyer's field artwork has grown. And for the 20th anniversary of 9/11, this year's tribute is by far the biggest, extending beyond the Ohio farm field.

USDA Significantly Boosts Net Farm Income Forecast, Highest Since 2013
USDA Significantly Boosts Net Farm Income Forecast, Highest Since 2013

Net cash farm income, which tracks producers’ cash flow, is forecast by USDA at $134.7B for 2021. That number is up $6.4B from February’s forecast and would be an increase of 21.5% from 2020's $110.9B.

Record-Breaking Agricultural Exports Expected to Continue Through 2022
Record-Breaking Agricultural Exports Expected to Continue Through 2022

USDA is out with its new ag export forecast for both this year and next, and it's showing exports could hit $173.5 billion in 2021, $4 billion more than 2020, due to higher livestock, poultry and dairy exports.

See the Agenda for the Aug. 23 Illinois Farm Journal Field Day Event
See the Agenda for the Aug. 23 Illinois Farm Journal Field Day Event

It’s almost time for the 2021 Farm Journal Field Day events! First up is Whiskey Acres, a seed-to-spirit operation.

See the Agenda for the Aug. 25 Mississippi Farm Journal Field Day Event
See the Agenda for the Aug. 25 Mississippi Farm Journal Field Day Event

It’s almost time for the 2021 Farm Journal Field Day events! Join Farm Journal on Aug. 25 to get a first-hand look at farming in the Mississippi Delta.

Port Problems Continue as Single COVID-19 Case Partially Shutters World's Third Largest Port in China
Port Problems Continue as Single COVID-19 Case Partially Shutters World's Third Largest Port in China

Shipping issues continue to surface. The latest is in China’s Ningbo-Zhoushan container port, which is the third-busiest in the world, and has been partially shut down for six days, with no sign of reopening yet.

You're Invited to the 2021 Farm Journal Field Days
You're Invited to the 2021 Farm Journal Field Days

Join us for the 2021 Farm Journal Field Days, Aug. 23-27.

Choose Your Farm Journal Field Days Experience
Choose Your Farm Journal Field Days Experience

In 2021, you have the choice to join #FJFieldDays in person or online. Join us at a location near you or login online to find educational content, industry insights and more.

See the 2021 Farm Journal Field Day Agendas
See the 2021 Farm Journal Field Day Agendas

In 2021, you have the choice to join Farm Journal Field Days in person or online.

Five Facts About the Ag Labor Shortage
Five Facts About the Ag Labor Shortage

Are you struggling to hire? You’re not alone. The 2021 Farm Journal Labor Survey found most farm employers and ag retailers are finding it harder to fill positions. 

Vermeer Innovations Continue 50 Years After Revolutionary Baler
Vermeer Innovations Continue 50 Years After Revolutionary Baler

Vermeer Corp. celebrates the 50th Anniversary of the first large round baler by introducing new and innovative products and technologies that reduce on farm labor needs while increasing forage production efficiency.

Campfires > Combine Fires
Campfires > Combine Fires

Machinery fires are no fun for farmers. Learn how to keep your machinery cool this summer.

Truck Shortage Continues as Semiconductor Chips Still in Short Supply
Truck Shortage Continues as Semiconductor Chips Still in Short Supply

If you're in the market for a new truck, you may be waiting a while longer. Major auto and truck manufacturers have announced extended shutdowns and it's the chip shortage still to blame.

Biden Sides with Farmers Over 'Right to Repair' Tractor Software Battle
Biden Sides with Farmers Over 'Right to Repair' Tractor Software Battle

U.S. President Joe Biden wants the Federal Trade Commission to limit the ability of farm equipment manufacturers to restrict tractor owners from using independent repair shops or complete some repairs on their own.

Accidental Success: A Hot Dog that Tastes Like Steak
Accidental Success: A Hot Dog that Tastes Like Steak

Patrick Montgomery is in the business of delivering customers the best steaks they'll ever eat. Along the way, he may have just created the best hot dog anyone has ever tasted as well.

Overturning Current WOTUS Would Show ‘Lack of Common Sense,’ Grassley Says
Overturning Current WOTUS Would Show ‘Lack of Common Sense,’ Grassley Says

“I like to say you’re going to have to have a permit to do normal farming decisions,” he told Chip Flory, host of AgriTalk.

New Technology Could Help with Real-Time Foot and Mouth Disease Detection
New Technology Could Help with Real-Time Foot and Mouth Disease Detection

A big concern for dairy farmers is preventing foot and mouth disease (FMD) on farms. Thanks to new technology, there's now a real-time test that could get farmers answers quickly.

Farm Journal’s #FarmON Concert To Benefit National FFA Foundation
Farm Journal’s #FarmON Concert To Benefit National FFA Foundation

Farm Journal has announced that a #FarmONTM Benefit Concert will be presented in partnership with the National FFA Foundation on Thursday, August 26, at Frahm Farmland in Colby, KS.

 One Week After JBS Cyberattack, U.S. Feds Recover Ransom Paid By Colonial Pipeline Via Blockchain
One Week After JBS Cyberattack, U.S. Feds Recover Ransom Paid By Colonial Pipeline Via Blockchain

One week after a cyberattack shut down meat packing plants in three countries, U.S. officials seized the cryptocurrency payment that was made during the Colonial Pipeline hack less than a month earlier.

As Food Production Moves to Automation, Is More of the Food Chain at Risk of Cyberattacks?
As Food Production Moves to Automation, Is More of the Food Chain at Risk of Cyberattacks?

The world’s largest meat producer was the latest victim of a cyberattack. And as the food chain relies more on automation and less on manual labor, cyberattacks may be a rising risk for the food chain.

Tyson Foods Names New CEO, Marks Fifth CEO in Five Years
Tyson Foods Names New CEO, Marks Fifth CEO in Five Years

The head of Tyson Foods, Dean Banks, is stepping down after less than a year on the job. The company announced Donnie King is the new CEO, which makes him the fifth CEO of Tyson in the last five years. 

World Food Prices Rise at Fastest Pace in a Decade as Inflation Concerns Continue in U.S.
World Food Prices Rise at Fastest Pace in a Decade as Inflation Concerns Continue in U.S.

The United Nations issued a warning this week as world food prices are rising at their fastest pace in a decade. Global food prices have risen for 12 consecutive months and now sit at their highest level since 2011.

What’s Driving Farmers’ Opinions on Electric Trucks?
What’s Driving Farmers’ Opinions on Electric Trucks?

Would you buy one? Check out what farmers had to say after Ford’s F-150 Lightning announcement.

Missouri Farmer Tells Kamala Harris Rural Broadband Struggles Could Throttle Biden’s Climate Goals
Missouri Farmer Tells Kamala Harris Rural Broadband Struggles Could Throttle Biden’s Climate Goals

A White House listening session with vice president Kamala Harris focused on broadband connectivity. Missouri farmer Meagan Kaiser was one of six participants and spoke to the struggle for farmers and rural businesses.

Inflation Concerns Sprout From Climbing Commodity and Consumer Prices
Inflation Concerns Sprout From Climbing Commodity and Consumer Prices

Inflation concerns are heating up as fresh data from the Labor Department shows U.S. consumer prices have risen more than 4% over the past year, marking the sharpest increase since 2008.

Labor Shortage? Data Shows Added Unemployment Payments are Crippling Employers' Ability to Find Workers
Labor Shortage? Data Shows Added Unemployment Payments are Crippling Employers' Ability to Find Workers

Restaurants closing early. Sign after sign plastered along roadsides with businesses looking for help. The hiring issue is crippling everything from manufacturing to the restaurant industry today.

Where’s the Beef: Con Artist Turns Texas Cattle Industry Into $100M Playground
Where’s the Beef: Con Artist Turns Texas Cattle Industry Into $100M Playground

In just a few buck-wild months in 2015, a Texas grifter pulled off a swindle nearing $100M, and turned the cattle industry into his playground, stirring more cash than some of the largest beef companies in the U.S.

Nashville Singer and Pig Farmer Release Anthem for Ag
Nashville Singer and Pig Farmer Release Anthem for Ag

Jesse Heimer set out to produce a song and music video that embodies what stock show families live, breathe and dream. Over time, Heimer's plan grew into an anthem that all of agriculture can appreciate.

Is the Death of CME's Open Outcry Trading the Death of True Price Discovery for Commodities?
Is the Death of CME's Open Outcry Trading the Death of True Price Discovery for Commodities?

A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it's not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.

Trucker Shortage is Spurring Higher Costs of Goods and Food Across the U.S.
Trucker Shortage is Spurring Higher Costs of Goods and Food Across the U.S.

There is growing concern crops being harvested will make it to market. The problem stems from a lack of truck drivers as COVID-19 concerns and high unemployment benefits are impacting the available workforce.

Bale Wrap to Drainage Tile, a Pinch on Plastics Supplies is Spurring Nationwide Shortage
Bale Wrap to Drainage Tile, a Pinch on Plastics Supplies is Spurring Nationwide Shortage

Plastic-based products and materials are in short supply as rising costs also deliver sticker shock on many farm supply products. From demand to production shortages at plants, the problem first popped up last summer.

CRP ground rotator
Vilsack: Biden’s 30x30 Goal is ‘Not a Land Grab’

On a day when U.S. corn futures went limit-up on supply and demand concerns, Washington talked about idling millions of additional lands via various programs.

Is There Enough Land to Meet Biden’s Aggressive Climate Goals?
Is There Enough Land to Meet Biden’s Aggressive Climate Goals?

Biden is introducing a plan to cut U.S. greenhouse gas emissions in half by 2030. As some U.S. farmers see commodity prices hit a seven-year high, ag groups say moving land out of production may be a tough sell.

World Bank Expects Commodity Prices to Stay Firm on Economic Growth
World Bank Expects Commodity Prices to Stay Firm on Economic Growth

Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.

CRP ground rotator
Vilsack Hints at Possible CRP Changes Coming Soon with Biden's 30 By 30 Plan

CRP could be in focus again. Secretary of Agriculture Tom Vilsack said this week that he thinks greater opportunities are coming for landowners to take less productive farmland out of production and place into CRP.

HSAs Offer Health Care, Retirement Savings
HSAs Offer Health Care, Retirement Savings

Health insurance coverage and healthcare costs are among the greatest challenges for self-employed Americans, including farmers.

Resurgence in Restaurant Demand as Consumer Demographics Possibly Change Post-Pandemic
Resurgence in Restaurant Demand as Consumer Demographics Possibly Change Post-Pandemic

The restaurant industry appears to be on the rebound following the pandemic with more restaurants reporting a surge in demand, but trends also show more consumers may be moving out of urban areas.

Ag Economy Barometer Shows Farmer Optimism Climbed to Levels Not Seen Since October
Ag Economy Barometer Shows Farmer Optimism Climbed to Levels Not Seen Since October

As the 2021 bull market continues, it’s leading to a growing level of optimism from farmers. The latest Ag Economy Barometer from Purdue University/CME group shows farmer sentiments rose to 177 this month.

Here's a Sign Your Management Team Isn’t On It’s ‘A Game’
Here's a Sign Your Management Team Isn’t On It’s ‘A Game’

Utilizing an effective management team can help you. As the owner or leader of your business, spend less time on the non-urgent and non-important tasks or duties that pop up every day.

Bouncing Back from Failure
Bouncing Back from Failure

Failure is a part of life, but how we bounce back from it determines how successful we will become.

Shipping Costs Surge, Causing Farm and Ranch Supplies Prices to Climb
Shipping Costs Surge, Causing Farm and Ranch Supplies Prices to Climb

Problems at ports are magnifying a surge in container shipping costs. And those costs are now showing up as farmers and ranchers source farming supplies.

Senate Extends PPP Loan Deadline; Only 3% of Ag Community Taking Advantage of Program to Date
Senate Extends PPP Loan Deadline; Only 3% of Ag Community Taking Advantage of Program to Date

Farmers and ranchers have more time to sign up for the Paycheck Protection Program. The Senate passed legislation to extend the deadline from March 31 to May 31.

Critics of Biden's $3T Infrastructure Plan Says It's Too Costly, Not Enough Focus on Infrastructure
Critics of Biden's $3T Infrastructure Plan Says It's Too Costly, Not Enough Focus on Infrastructure

The Biden Admin. is readying a $3T infrastructure and economic plan. While officials say the plan centers around roads and infrastructure projects, critics say that’s only a small piece of the potential proposal.