New Options For Producers Enrolling In ARC/PLC

(IARN) — Agricultural producers soon need to finalize crop insurance plans.

United States farmers have until March 15 to enroll in the Agriculture Risk Loss (ARC) and Price Loss Coverage (PLC) programs. Read more

E15 Sales Reach Record In 2019

(IARN) — A new Renewable Fuels Association (RFA) analysis found approximately 500 million gallons of E15 were sold nationwide in 2019, setting a new record. RFA says the record proves that the Trump administration’s elimination last summer of an obsolete regulatory barrier is working. However, sales would have been even stronger if not for the RFS compliance exemptions granted by EPA to dozens of refineries. Read more

Market Analyst: “This Phase One Trade Deal Is A Big Deal”

(IARN) — Ag Market, the Farm Division of John Stewart and Associates, this week hosted its first Farm Profitability Conference, called “It’s Profit…Not Price.” Ag Market analysts offered a more in-depth look at grain markets.

Grain traders have fixed their attention on crop acreage, value of the dollar, and trade with China. Jim McCormick, branch manager of Ag Market, believes China could “dramatically change the dynamic of our markets.”

“The Phase One trade deal is a big deal, if China can fulfill (it). (The) Coronavirus has put a hiccup in it, but the fact of the matter is we’re dealing with a product people need. As China comes in and starts buying a lot of grain, they can change the dynamics of our markets dramatically because right now, we’re not pricing China into the market,” McCormick said.

McCormick does not anticipate big sales on February 14, when Phase One goes into effect. He says China needs to first address the Coronavirus outbreak.

“Once they get it contained, I would expect them to come in,” McCormick said. “(But) they’ve made it apparent that they’re not going to by beans from the U.S. just to buy beans. They’re going to look at it economically. With Brazilian harvest coming online, we’re not going to be competitively priced in the near-term.”

McCormick suspects China will ramp up its purchases of U.S. agricultural products in the fall.

Story courtesy of the Iowa Agribusiness Radio Network.

Photo from KIWA Archives

Senator Ernst: “Trade Is Key”

(IARN) — “I am thrilled to report that our economy is the best it has been. …the state of our union is stronger than ever before,” declared President Donald Trump. The President issued this statement Tuesday evening during his State of the Union address. Read more