Weekly Dry Bean Market Review

Trade activity in the dry bean sector remains light with moderate demand. USDA’s Weekly Bean, Pea and Lentil Market Review says new crop prices are steady to firm. For pinto beans, the bid price for growers is unchanged from last week at $45 per hundredweight. Black beans are holding steady at $45-to-$48. Navies are unchanged […]

MN NASS Office Recaps ’21 Season

The Minnesota field office of the National Agricultural Statistics Service has published a review of the 2021 growing season for all major crops. According to the report, dry edible bean planting was underway by the end April. Planting progress quickly moved past last year and the average. By June 6 planting was 95 percent complete, […]

Trade Deficit Narrows

Thanks to an increase in agricultural and energy exports, the U.S. trade deficit narrowed in October. The Commerce Department said the deficit in October totaled $67 billion, down from a record $81 billion in September. Imports have been put at a disadvantage due to the backlog at U.S. ports.

Agriculture Disadvantaged by Supply Chain Issues

During a Commerce Committee hearing, Minnesota Senator Amy Klobuchar detailed the impact supply chain disruptions are having on agriculture. Klobuchar said Minnesota farmers have seen a 47 percent decline in exports since the pandemic began. At the same time, ocean carriers have reported record profits. The cost and availability of containers for export is one […]

Southern MN Native Takes New Role on Ag Committee Staff

Fountain, Minnesota native Chelsie Keys has been promoted to policy director for the Republican side of the Senate Agriculture Committee. She will lead policy development and strategy for Ranking Member John Boozman’s team. Keys started work on the committee in 2015 and previously served as the director of government affairs for the National Pork Producers […]

More Input Decisions Being Made in Q4

According to a study conducted by No-Till Farmer, farmers are making significant purchases of 2022 crop inputs before the end of the year. Not surprisingly, liquid fertilizer is at the top of that list with more than 37 percent of participants saying they are increasing their normal pre-paid purchases before December 31. Thirty-five percent are locking […]

Tax Changes Go Through an Evolution

There’s been many what-ifs when it comes to federal tax changes for farmers this year. As the Senate considers the Build Back Better Act, AgCountry Farm Credit Services Agribusiness Consultant Russ Tweiten says the loss of stepped-up basis is off the table and there aren’t proposed changes in top capital gains taxes. “If Congress passes anything […]

Pre-Solicitation Announcement for Section 32 Purchase of Great Northern Beans

USDA has announced plans to purchase Great Northern Beans for distribution to various food nutrition assistance programs. Solicitations will be issued in the near future and will be available through the USDA’s supply chain management system. The specifications of dry bean purchases are available online. 

Ports Impose New Fees on Shipping Containers

Starting this past week, the Los Angeles and Long Beach ports are charging new fees on shipping containers. Ocean carriers will be charged $100 per container, increasing by $100 increments every day until it leaves the terminal. For containers that are scheduled to move by truck, the fees will begin when containers sit longer than […]