Corn crop challenges

IARN — While wet weather and cool temperatures delayed planting this spring, the corn crop looks “pretty good,” according to LG Seeds agronomists covering various regions across the Midwest. But those same agronomists expressed concern about heat, dryness and disease pressures like tar spot. Read more

CoBank report details current & future ag economic conditions

IARN — A number of factors are sending up red flags about slowing economic activity and a potential oncoming recession. A CoBank report says inflation is the largest red flag, and the Fed is ready to raise rates until it believes inflation has been controlled. “Warehouse and inventory costs are still rising at near-peak levels, and transportation costs are rising at a much higher rate than before COVID-19,” says Dan Kowalski, vice president of CoBank’s Knowledge Exchange. Read more

Tips for rural families to fight inflation

IARN — Americans are facing those higher prices across the board and rural families are taking some of the hardest hits. Rural America doesn’t have the same options or opportunities available as urban communities do. Rural America has fewer choices, fewer stores, and fewer suppliers. Read more

Combine sales continue to move higher

IARN — Despite the economic situation we have found ourselves in, the need to replace equipment is still ongoing. Machinery knows no economic situation and with grain prices still in a good place, farmers are keeping the sales of some machinery pieces growing. The recent report of June’s agricultural equipment sales from the Association of Equipment Manufacturers (AEM) shows that combine sales continued to rise in the last month. Read more

NCBA’s Kent Bacus reflects on the loss of former Prime Minister Shinzo Abe

IARN — The Senior Director for International Trade and Market Access for the National Cattlemen’s Beef Association, Kent Bacus, says the recent loss of Japan’s former Prime Minister Shinzo Abe is a great loss to the world. Bacus said the willingness of Prime Minister Abe to open up trade in Japan with other countries including the United States was very valuable to the U.S. beef cattle industry and its growth. Read more