August Recess Further Delays USMCA Ratification

(IABRN) – Several commodity organizations hoped to see a finalized U.S.-Mexico-Canada Agreement (USCMA) ahead of the August recess. However, Congressional leaders have vacated Washington, D.C., and will not return until after Labor Day.

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EU Beef Deal Is Misleading

It appears the United States cut a deal with the European Union to sell more American beef to countries contained within. That is not the case, says a representative of the National Cattlemen’s Beef Association (NCBA).
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Iowa Land Values Down From 2018

Iowa’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $7,190 per acre in 2019, according to the USDA, National Agricultural Statistics Service – Land Values 2019 Summary. This is down $80 per acre or 1 percent from last year’s level.

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Cropland Cash Rent Down, Pasture Up

Cropland cash rent paid to Iowa landlords in 2019 averaged $230.00 per acre according to the USDA, National Agricultural Statistics Service. Non-irrigated cropland rent averaged $230.00 per acre, down $1.00 from last year. Irrigated cropland rent averaged $235.00 per acre. Pasture rented for cash averaged $59.00 per acre, up $5.00 from the previous year.

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Weekly Iowa Crop Progress & Condition Report

Statewide Iowa — Another dry week across most of the State allowed Iowa farmers 6.0 days suitable for fieldwork during the week ending August 4, 2019, according to the USDA, National Agricultural Statistics Service. Read more