USDA’s recent Land Values Summary shows the value of American farmland has increased again. Danny Munch, economist with the American Farm Bureau Federation, said the value rose 4.3% or $180 per acre.
After several years of USDA hearings with the dairy industry, changes to the Federal Milk Marketing Orders took effect over the weekend. Danny Munch, economist with the American Farm Bureau Federation, said the FMMO structure is intended to protect farmers.
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The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until January 15th to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is to resume working immediately. The union and...
U.S. dock workers and port operators reported Thursday that they had reached a tentative deal, immediately ending the crippling three-day strike that shut down shipping on the U.S. East Coast and Gulf Coast. American Farm Bureau Economist Danny Munch said while the strike was only three-days in length, the impact on trade has already been felt. He said ...
A threatened strike and lockout at Canadian Pacific Kansas City Railway could cripple shipments of food grains, beans, potash, coal, and timber from Canada and farm and energy imports from the U.S.
“Corn, barley, oats, things like that, a lot of those products move on rail into Canada," noted American Farm Bureau economist Danny Munch. "So, jus...
Back in June, the American Farm Bureau Federation distributed its third drought impact survey to members in 15 western states. Danny Munch, AFBF economist, said the survey looked at a variety of demographics, including crop and livestock factors, as well as access to water, and what farmers are doing to cope with drought. Th...
Delays in the shipping industry have a direct impact to the bottom line of farmers and ranchers nationwide. American Farm Bureau Federation Associate Economist Danny Munch says the issue started when consumer purchasing habits changed.
“During COVID, we kind of saw this switch in consumer purchasing behavior from buying services, going out, to a lot of goods purchasing, so e-commerce. Now,
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The American Farm Bureau Federation recently surveyed producers in the 13 western states to find how the drought is impacting day-to-day operations.
“Over 85% rated selling off portions of their herd or flock as prevalent or higher, 87% of respondents say there’s an increase in feed costs associated with drought, 77% of them reduced their acreage and see that as prevalent or higher within their re