Skip to main content

What Has Bean on Farmers’ Minds During Planting Season?


(NewsUSA) – For America’s agricultural producers, springtime means planting season – and soybeans are on the agenda.According to the USDA, the U.S. is currently the world’s leading soybean producer. As farmers work to get those soybeans in the ground this year, there are global issues weighing on their minds.The latest results of the Purdue University-CME Group Ag Economy Barometer suggest that America’s food producers are concerned that a prolonged trade war with China could impact U.S. soybean exports. The monthly survey, from Purdue University and CME Group, the world’s leading and most diverse derivatives exchange, measures farmer and rancher sentiment toward the U.S. farm economy.The number of producers expecting soybean prices to decline this year rose to 27 percent in April, compared to just 15 percent at the beginning of the year. Soybean prices are particularly vulnerable to disruptions in trade with China, as China’s share of U.S. soybean exports is approximately 30 percent.Overall, the Ag Economy Barometer experienced two consecutive months of decline, falling 10 points in April, following a March dip of 5 points."Producers’ weakening perceptions of the current agricultural climate, along with a decline in their expectations for future economic conditions, were the main drivers of the barometer’s overall decline," says James Mintert, the barometer’s principal investigator and director of Purdue University’s Center for Commercial Agriculture.Since May 2016, Purdue University and CME Group have published the Ag Economy Barometer on a monthly basis to measure food producers’ shifting perceptions about the U.S. agricultural economy over time. The barometer surveys 400 agricultural producers each month to discern their opinions on key economic drivers, and analyze what factors are influencing their outlook for the farm economy.To read the full report, visit www.purdue.edu/agbarometer.

Thanks: NewsUSA

Its time to think about Logo Designer, HURRY!!
Labels:
Location: Singapore

Comments

Post a Comment

Popular posts from this blog

Surprisingly, Older Americans Are Coping Best During the Pandemic

( NewsUSA ) – Older Americans have actually been coping far better than younger ones during the coronavirus pandemic, according to new research.The Edward Jones and Age Wave Study goes where few have ventured before in focusing exclusively on how different generations have held up emotionally and financially in the months since all the lockdowns began. And some of its findings are at least as startling as how quickly even 70-year-olds came to love Zoom."COVID-19’s impact forever changed the reality of many Americans, yet we’ve observed a resilience among U.S. retirees in contrast to younger generations," said Ken Dychtwald, Ph.D., the founder and CEO of Age Wave, a leading research think tank on aging, retirement and longevity issues.While acknowledging upfront that the virus itself disproportionally struck aging adults, the five-generational sampling of 9,000 people age 18 and over revealed more than a few surprises. Among them:* While 37 percent of Gen Zers, 27 percent o...
Post a Comment
Read more

Audiobook Service Helps Blind Vets Recover Independence

In December 1967, a young soldier lay in a hospital bed after sustaining severe eye injuries from a land mine in Vietnam. Tom Miller, now executive director of the Blinded Veterans Association (BVA) in Washington, D.C., was blind, and his mind raced over all of the things he’d never be able to enjoy again. “I’ve spent the past 44-plus years erasing that list, or finding new things I can do.” Miller says he owes many thanks to the talking-book program of the National Library Service for the Blind and Physically Handicapped (NLS), part of the Library of Congress. “The program is a godsend,” he says. Veterans—and any U.S. resident or citizen living abroad—are eligible to become NLS readers if they are blind, have low vision or have an illness or disability that prevents them from handling a book or printed material. According to a 2011 report by the National Alliance for Eye and Vision Research, 16 percent of the wounded soldiers evacuated from Iraq and Afghanistan battle zones have suf...
Post a Comment
Read more

Take Time for A Moment That Matters: Tire Safety

Have working batteries in your smoke alarms? Done. Has your oil been freshly changed in your car? Done. Is there a new water filter for your refrigerator? Done. But when it comes to regularly checking your tires? Like most people, there may be some room for improvement. As fall travel and winter weather loom, taking a moment to check your car tires can make a difference in keeping you safe on the road. This year, Cooper Tires is encouraging drivers to mark Labor Day weekend on their calendar (and the first of every month) as a tire check safety moment, to make a habit of checking tires, especially as seasons change. “Just as we regularly take a moment to check our smoke detector batteries when we change our clocks in the fall and spring, we need to designate a moment to check tire safety as well,” says Jessica Egerton, Director of Brand Development at Cooper Tire & Rubber Company. Ensuring the overall condition of your tires is easy and important for your safety on the r...
Post a Comment
Read more