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  • When Creating 2022 Crop Budgets, Keep in Mind Family Living Costs
    In 2020, the total noncapital living expenses of 1,088 farm families enrolled in the Illinois Farm Business Farm Management Association (FBFM) averaged $76,672–or about $6,400 a month for each family (Figure 1). This average was about 2.8 percent lower than…
  • Machinery Cost Estimates for 2021
    Machinery cost estimates for 2021 have been released and are available on the farmdoc website (see Management section of farmdoc). Machinery costs are updated every two years, with the last update occurring in 2019. Substantial increases in list prices of…

Agriculture News

BRITAIN’S CHICKEN KING SAYS THE 20-YEAR BINGE ON CHEAP FOOD IS OVER –

As it emerges from the twin crises of Brexit and COVID, the world’s fifth largest economy is facing an acute shortage of truckers, butchers and warehouse workers that has exacerbated global supply chain strains. (Reuters)

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CHINA’S RECORD FACTORY INFLATION POSES ANOTHER THREAT TO SUPPLY CHAINS –

The cost of goods leaving China’s factories is surging by the highest rate on record, stoking fears about stagflation in the world’s second largest economy at a time when it is already grappling with an extreme power crunch and deepening debt woes. (CNN Business)  

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FDA SPELLS OUT LOWER SODIUM GOALS FOR FOOD INDUSTRY –

Food companies are coming under renewed pressure to use less salt after U.S. regulators spelled out long-awaited guidelines aimed at reducing sodium levels in dozens of foods including condiments, cereals, french fries and potato chips. (ABC News)

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MORE THAN 10,000 JOHN DEERE WORKERS GO ON STRIKE FOR BETTER WAGES –

More than 10,000 union workers at agricultural manufacturer Deere & Co., also known as John Deere, went on strike Thursday morning after union members rejected a new wage proposal by the company, the United Auto Workers union announced, one in a series of recent high-profile strikes as workers have more leverage amid widespread labor shortages. (Forbes)  

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FORD COUNTY PIG FARMER ADJUSTS TO CHANGING DEMAND –

When the pandemic arrived in 2020, Bob Miller, like other pork producers, adjusted to the changes affecting both his show pig business and his pork retail business. For Miller, the transition included finding new ways to market his products using a mobile store and online platform. (The Pantagraph)

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CHICK-FIL-A LAWSUIT CLAIMS RAISING MENU PRICES ON DELIVERY ORDERS IS DECEPTIVE –

Though more prevalent than ever, delivery is still an extra step in the traditional restaurant experience, and someone is going to have to pay for that additional service. But how upfront does a restaurant have to be with their customers about the way delivery costs are covered? That question is at the heart of a new lawsuit filed against Chick-fil-A. (Food & Wine)

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