Demographics

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    December 6th, 2014


    Ethanol Industry Approaches 1 Million Barrels a Day Production

    The Barrel is a blog done by Platts (a division of McGraw Hill) and their recent post indicated that Ethanol production is approaching 1 million barrels a day.  This equates to about 42 million gallons a day.  Ethanol margins have nearly doubled from 2013 and are approaching $1 per gallon. However, with the continued decrease […]

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    November 23rd, 2014


    Farm Exports Hit Record $152.5 Billion for FYE September 30, 2014

    The USDA announced earlier this month that total US farm exports for the fiscal year ended September 30, 2014 hit a new record of $152.50 billion.  This is up from the previous record set the year before of $141 billion (almost a 10% increase).  It was the first time that exports for any month exceeded […]

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    November 11th, 2014


    Where’s the Beef

    Yesterday, I posted on work pork production.  Today I will recap world beef production (again from the 2014 Agricultural Symposium).  Here are some of the key points: Total beef production has held steady between 56 and 59 million metric tons over the last 10 years (about half of total pork production). US produces about 11 […]

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    November 10th, 2014


    What About Pork?

    Every once in a while, I like to post of interesting facts about food production around the world.  I came across the 2014 Kansas City Federal Reserve Agricultural Symposium that was held this summer and found a presentation by Derrell Peel, a professor at Oklahoma State University.  Here is a recap of some interesting facts […]

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    August 28th, 2014


    IRS Releases 2012 Income Data

    The IRS recently posted to their website the income statistics for 2012.  These statistics break down income into their major components such as wages, interest, business income, etc.  Farmers who file Schedule F are also listed.  Farmers who file as a partnership or S corporation along with related wages would be lumped in with those […]

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    August 22nd, 2014


    Mid West Crop Tour – Final Conclusions

    I was hoping to write this post last night, but dinner, presentations and then chatting with all of the scouts meant I did not get back to my hotel room until almost Midnight. My key theme for this crop tour is “Can the Great Eastern Crop Lift Up the Not-So Great Western Crop”?  Our tour […]

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    August 20th, 2014


    Mid West Crop Tour – Wednesday

    What a difference a day makes.  On Tuesday, we saw really good corn in Indiana and slightly better than average corn in Eastern Illinois. I woke up this morning expecting to see excellent corn in the rest of Illinois and pretty good corn in Iowa. We left Bloomington and headed toward Peoria to get started […]

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    August 14th, 2014


    Mid West Crop Tour

    Pro Farmer conducts a Mid West Crop Tour each year.  There are two legs to the tour.  The Eastern Leg starts in Columbus, Ohio this Sunday night and on Monday, about 11 routes are conducted from Columbus to Fishers, Indiana.  These routes will go over the exact same roads as in previous years, however, the […]

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    July 21st, 2014


    Top 100 Ag Banks

    The American Bankers Association (ABA) posts a quarterly report of the 100 largest Ag Banks (Non-Farm Credit).  In the first quarter report for this year, the #1 bank for Ag loans was Wells Fargo with $7.229 billion of farmland ($2.231 billion and $4.998 billion of other ag loans).  #2 was Rabobank with $3.957 billion followed […]

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    July 18th, 2014


    Rural Mainstreet Index Continues to Weaken

    Creighton University prepares a Rural Mainstreet Index that measures the economic outlook for the agricultural/rural sector of the economy.  An index reading of 50 indicates growth neutral.  The index for June 2013 was at 60.5 and for June of this year, it has dropped to 53.6, almost growth neutral.  The index is composed of a […]

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