The Federal Reserve Board increased interest rates by three-quarters of a percent at that meeting, which is the largest increase since 1994. In the newly-published minutes, it is apparent the Fed will likely increase rates by another half or three-quarters of a percent at its meeting July 26-27. Since the interest rate hike in mid-June, spring wheat futures have dropped 27 percent. Canola declined 22 percent; corn is off 19 percent and soybeans down by more than 13 percent.
Founded in 1976, Northarvest Bean Growers Association (NBGA) represents the largest group of dry bean farmers in America, working together to fund research, promote, and produce the finest beans in the world.
NBGA works to better the dry bean industry through promotion, field & nutrition research, market development, monitoring governmental policy, advocating for greater consumer choices, and focusing on the needs of our producers.
NBGA advocates for its 2,400+ farm families across MN & ND that grow dry beans and is committed to strengthening the relationship between growers, industry partners, and consumers across the world.
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