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Farm Expenses to Rise

31 Aug 2022
BOONE, Iowa (DTN) -- Crop input and other farm costs for 2023 are top of mind for farmers at this week's Farm Progress Show in Boone, Iowa. The University of Illinois released its first 2023 crop budget estimates earlier this month projecting higher costs and lower returns compared to 2022. Find estimates at…. At ...

USDA Ag Export Outlook 2023

31 Aug 2022
MT. JULIET, Tenn. (DTN) -- Agricultural exports will set a record in 2022 -- $196 billion -- but are expected to decline in 2023, according to USDA. The agency revised its export forecast upward for fiscal year 2022 by $5 billion from its May projection, largely due to increases in livestock, poultry and dairy exports. Next year, exports are projec...

Ag Secretary Visits Farm Progress Show

30 Aug 2022
BOONE, Iowa (DTN) -- Agriculture Secretary Tom Vilsack said Tuesday he's not sure if the Foreign Agricultural Service (FAS) will be able to release its normal Weekly Export Sales and Shipments report on Thursday. Programming problems with the launch of a new sales data tool last week forced FAS to take down and retract some of the data released. "W...

China Stops Tyson Pork From Ind. Plant

30 Aug 2022
LINCOLN, Neb. (DTN) -- The Chinese government has suspended pork imports from Tyson Fresh Meats Inc.'s processing plant in Logansport, Indiana, pointing to issues with the company's pig feet purchased by China. The suspension comes at a time when seasonal demand for pork in China is growing due to cooler weather and upcoming festivals in the countr...

Kansas Farm Incomes Drop

30 Aug 2022
MANHATTAN, Kan. (DTN) -- Kansas State University economists see 2022 farm incomes falling from the previous year, but they're more worried about what 2023 will look like. Gregg Ibendahl, KSU ag economist and associate professor, told attendees at the 2022 Risk and Profit Conference that he projects average net farm income for grain producers will l...
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