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  • Economic Review of Milk Costs in 2024 and Projections for 2025 and 2026
    Higher milk prices coupled with lower feed costs still resulted in positive cash returns but continued negative economic returns for Illinois dairy producers in 2024, according to figures summarized by…
  • Crop Machinery Investment
    This article examines crop machinery investment and net annual investment per acre for various crop farm sizes. Larger farms tend to have lower benchmarks with regard to crop investment per acre and spend less on a per acre basis on machinery and equipment. The large differences in crop machinery investment and net investment per acre […]

Agriculture News

HOW A ROBOT COULD KEEP FARMERS OUT OF GRAIN BINS –

A few times a year, farmers have to do a dangerous task; go inside large grain bins to take care of their harvest. Last year, more than 30 of them were trapped inside silos in the U.S., according to Purdue University. Two recent grads from the University of Nebraska at Omaha have invented a grain robot that could help farmers improve their crops and never have to go inside a grain bin again. (Illinois Newsroom)

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CARGILL BACKS COW MASKS TO TRAP METHANE BURPS –

Agriculture giant Cargill Inc. will start selling methane-absorbing wearable devices for cows, putting its support behind an experimental technology that could help the industry cut greenhouse gas emissions. The mask-like accessory was developed by U.K. startup Zelp Ltd., which claims it can reduce methane emissions by more than half. (Bloomberg)

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PRODUCER OPTIMISM FIZZLES IN AG ECONOMY BAROMETER –

The Purdue University/CME Group Ag Economy Barometer saw a significant decline in May, down 20 points to a reading of 158. This marks the lowest reading for the survey since September of 2020. Producers were less optimistic about both current conditions and the future of the agricultural economy. (Feedstuffs)

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THE ECONOMIC RECOVERY IS HERE. IT’S UNLIKE ANYTHING YOU’VE SEEN –

The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager to hire and enormous policy support. The speed of the rebound is also triggering turmoil. The shortages of goods, raw materials and labor that typically emerge toward the end of an expansion are cropping up much sooner. (Wall Street Journal)

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FOOD PRICE INCREASES, A DISORIENTED CUSTOMER, AND UNRECONCILED SUPPLY AND DEMAND: THE POST-COVID REALITY –

As the world begins to migrate away from the horrendous effects of the Covid-19 pandemic, the surging costs to procure food around the globe are taking center-stage. From rising raw material inputs to soaring supply-chain expenditures, to penalties being imposed on food manufacturers by retailers; the rush to meet pent up consumer demand is leaving store shelves as bare as they were at the beginning of the Covid pandemic. (Forbes)

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