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16 Nov 2021
CINCINNATI (DTN) -- Despite concerns about inflation, agricultural bankers overall are more upbeat about the profitability they are seeing from their loan customers than in the past five years. The ABA and Federal Agricultural Mortgage Corp. (Farmer Mac) released the results of a survey Tuesday showing agricultural lenders expect 80% of their borro...
16 Nov 2021
INDIANOLA, Iowa (DTN) -- Describing today's farmland market as "hot" would be an understatement this fall, especially in Iowa. Farmland values are posting record highs and land auctioneers have never been busier. One example of the shocking jump in prices came at a northeast Iowa auction: 79.6 acres sold privately in the summer of 2020 for $8,464 p...
15 Nov 2021
On Oct. 25, the twin ports of Los Angeles and Long Beach announced that to improve cargo movement amid congestion and record volume, they would begin assessing a surcharge to ocean carriers for import containers that dwell on marine terminals. The Container Excess Dwell Fee went into effect on Nov. 1, but won't be assessed until Nov. 15. In a joint...
15 Nov 2021
For proteins, news on the trade front has been mostly positive since 2000. The U.S. share of meat and poultry exported grew from 6% in 2000 to 13% today. In terms of value, the numbers have nearly tripled. But holding onto these gains will be a challenge in today's trade environment. In a new report from CoBank, "U.S. Animal Protein Needs Trade Neg...
15 Nov 2021
LINCOLN, Neb. (DTN) -- USDA will again allow faster line speeds in a select few pork processing plants as part of a pilot project after a federal court in Minnesota vacated a USDA rule earlier this year. Pork plants in Pennsylvania, Michigan, Nebraska and Minnesota had been working with the faster line speeds as part of a pilot program for a number...