Farm Credit Administration: Expect Low Crop Prices In 2020

Washington, D.C. — (IARN) — A quarterly report to the Farm Credit Administration last week suggests commodity prices will mostly remain low next year. The report cites large global supplies of crops in storage, saying that will limit attractive price opportunities for U.S. farmers. For the next three years, soybean prices are projected at roughly $8.50 a bushel, with corn at $3.70 a bushel. Read more

Senator Grassley Talks About Biodiesel Tax Credit Extension

Statewide Iowa – (IARN) — Tuesday morning it was announced that bill of tax credit extensions, or “extenders” was agreed to in Congress. It is a package we have been waiting for a few years as the last credits expired on December 31st, 2017. Senator Grassley updated Ag media on the announcement in his weekly address. Read more

Senate Republicans Appear Unhappy About USMCA Changes

Washington, D.C. — (IARN) — Some Senate Republicans appeared to be unhappy with the final agreement on changes to the U.S.-Mexico-Canada Trade Agreement worked out between the White House and House Democrats. Reports say Republicans appeared to be “grumbling” as they came out of a meeting with U.S. Trade Representative Robert Lighthizer last week. Read more

USMCA Will Solidify Consistent Red Meat Trade With Our Neighbors

Statewide Iowa — (IARN) — The United States – Mexico – Canada Agreement (USMCA) has been a topic of discussion for over a year and a half. The past year we have all been asking when it was going to move through the Congress. Now, with House Democrats negotiating a few articles of the trade pact, it seems it could be voted on in the House by Thursday. Many in the agriculture sector are pleased to see it finally move. Read more

Soy Processors Ready For Better Times

Statewide Iowa — (IARN) — There may be good news for the soybean industry, from grower to processor to exporter, as a partial trade deal with China has been reached. Read more