Monday, January 15, 2024

Members in The News: January 15, 2024

 Chad Hart, Iowa State University

  • Crop Outlook: Exports Key Over The Next 18 Months
    By: Missouri Farmer Today – January 4, 2024
  • Iowa State Economist See Land Values Pulling Back in 2024
    By: Western Iowa Today – January 1, 2024
  • Soybeans With Momentum Going Into 2024
    By: Brownfield – December 25, 2023

Lee Schulz, Iowa State University

  • USDA Hogs And Pigs Report: Is This a Defining Moment for the Pork Industry?
    By: Pork Business – December 1, 2023
  • Livestock Outlook: Livestock Markets Dace Mixed Demand
    By: Iowa Farmer Today – January 5, 2024

Jonathan Coppess, University of Illinois at Urbana-Champaign

Congress Fails To Pass New Farm Bill in 2023

By: Scripps News – December 29, 2023

"There does not appear to be much of an ability to legislate on something like this. The House has been an absolute mess in terms of being functional enough to do anything. Congress' inability to pass a new Farm Bill this year speaks to broader dysfunction in Washington. We're just stacking up the things that need to be done, and Congress is not finding ways to get them done.”

Read more on: Scripps News

Ani Katchova, The Ohio State University

Ohio Farm Bureau Podcast: A Winter Leadership Preview with Mitchell Hora

By: Ohio Farm Bureau – December 25, 2023

“On this Ohio Farm Bureau Podcast, get a preview of the upcoming Young Ag Professionals Winter Leadership Experience with special guest Mitchell Hora and get an outlook for 2023 Farm Incomes from Ohio State's Dr. Ani Katchova.”

Read more on: Ohio Farm Bureau

Brent Sohngen, The Ohio State University

OSU Economic Outlook and Policy Webinar Series

By: Morning Ag Clips – January 3, 2024

“We are really excited about our lineup this spring as it addresses a number of the most pressing issues facing Americans today, especially here in Ohio where economic development and energy projects are creating new pressure on land and resources in rural areas

Read More On: Morning Ag Clips

Margaret Jodlowski, The Ohio State University

Ohio Farm Bureau Podcast: Preserving Farms for the Next Generation

By: Ohio Farm Bureau January 1, 2023

“Farm labor continues to be one of the biggest challenges facing agriculture. Each year, Ohio State takes a look at the farm workforce picture and what the sector can expect moving forward. Dr. Margaret Jodlowski has the details on this Ohio Farm Bureau Podcast. Plus, author and American Farmland Trust’s Brooks Lamb will preview his upcoming talk at the Young Ag Professionals Winter Leadership Experience as he shares his story of starting a farm career in a very challenging time.”

Read More On: Ohio Farm Bureau

Rodney Jones, Oklahoma State University
Courtney Bir,
Oklahoma State University

Are Interest Rate Hikes in The Rearview Mirror?”

By: Farm Progress – January 8, 2024

“A review of the financing structure of the business should be, at a minimum, an annual activity with plans for seizing opportunities as they become available. Higher borrowing costs, however long they last, increase the hurdle that must be overcome with any financed venture.”

“Projects and expansion plans that had economic merit two years ago must be reassessed and evaluated if being considered today. The incentive to self-finance activities becomes more enticing with higher rates, but the pressure on liquidity must be acknowledged. Finally, whenever business or personal finances are concerned, maintaining a conservative cash cushion and retaining financial peace of mind is rarely a regrettable strategy.”

Read More On: Farm Progress

Michael Langemeier, Purdue University
Brady Brewer,
Purdue University

Breakeven Prices Tighter For Crops, Volatile in Livestock

By: Iowa Farmer Today - January 6, 2024

“What that’s essentially done is it’s improved land values,” Langemeier said. “Not necessarily in the last year, but certainly in 2021 and 2022. Those increases in values are starting to factor into budgets, and when combined with a decrease in commodity prices year over year, it means finding profits could be more difficult for crop farmers.”

“What the numbers the USDA provides shows is that the vast majority of this downward change from 2022 is because of changes in the price of the commodities. Where some relief may come for crop farmers is in input costs. Fertilizer prices have been flat and not rising with inflation. That differs from 2022 when input prices were nearly double the inflation rate.”

Read More On: Iowa Farmer Today

Brittney Goodrich, University of California, Davis

New UC Study Estimates Raspberry Production Costs on Central Coast

By: Morning Ag Clips – January 7, 2024

“These studies provide growers with a baseline to estimate their own costs, which can help when applying for production loans, projecting labor costs, securing market arrangements, or understanding costs associated with water and nutrient management and regulatory programs.”

Read More On: Morning Ag Clips or Farm Progress

Glynn Tonsor, Kansas State University

Consumers Willing To Pay More For Pork Chops, Bacon At Retail

By: National Hog Farmer – January 8, 2023

“I think stronger retail and weaker food service, dinner meal demand in December (versus November) reflects both holiday effects (most gatherings are not in restaurants) and some pivot given household concerns around finances.”

Read More On: National Hog Farmer

Andrew Anderson, Kansas State University

New UA Ag Economist To Help Farmers Assess Risk

By: Talk Business – January 9, 2023

“Any farmer will tell you that farming is a lot like gambling . To be able to have policies that are created understanding that risky environment is really important.”

Read More On: Talk Business

Scott Kaplan, United States Naval Academy

Sugary Drink Purchases Fizzled After Tax

By: Futurity – January 10, 2024

“Estimating a more general, more accurate impact of local sugar-sweetened beverage taxes in the US provides greater insight into the overall effectiveness of these taxes,” says lead author Scott Kaplan, who an economics professor at the United States Naval Academy. Kaplan received his PhD from the agricultural and resource economics department at the University of California, Berkeley in 2021. “This study may better inform the potential effectiveness of SSB taxes at the state or federal level.”

Read More On: Futurity

Daniel Sumner, University of California, Davis

Economists Size Up Ag Economy in 2024

By: Progressive Farmer – January 10, 2024

"China has long been important in markets across field crops. China also is a major producer of commodities and it competes in the export markets. We've got trouble with growth in China. Geopolitically it is a big issue for the United States, but not a good thing for U.S. agriculture. We spent $25 billion in compensation when we went through (trade war with China). Exports are a big driver for commodities. If we do a trade war and don't compensate farmers for losses, then there will be serious losses. It's problematic. I don't have any insights into the geopolitics of this at all. I think it's something that ought to be on everybody's horizon."

Read More On: Progressive Farmer

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