Huma’s Post

A reason for the low growth in the agricultural sector is the discouragement faced by farmers in terms of fair prices for their produce. Earlier this year in March-April, the prices for onion and capsicum crashed, causing many farmers to lose hope and stop growing vegetables. The stabilization of tomato prices remains uncertain. Due to the heavy rains in the tomato-growing states, the usual crop cycle of 60-90 days is disrupted, making it impossible to sow new crops. Consequently, it may take a longer time for the prices to stabilize.

Market Update: Heat Dome and Shipping Pressures Affect Almond Industry #almond #nut #agriculture #agro #comodityboard #cmbroker #news #agriculturenews #agriculturelife https://lnkd.in/dCWNsAtt

US farmers opt for #soy to limit losses as all crop prices slump Mark Tuttle planted more soy and less corn on his northern Illinois farm this spring as prices for both crops hover near three-year lows and soybeans' lower production costs offered him the best chance of turning a profit in the country's top soy producing state. He even planted soybeans in one of his fields for a second straight year, breaking the traditional soy-corn-soy rotation for field management. He and many other farmers are hoping to just minimize losses. Planting more soy at a time of sputtering demand from importers and domestic processors will only serve to drive prices lower, further swell historically largeglobal supplies and erode U.S. farm incomes already poised for the steepest annual drop ever in dollar terms. But Midwest farmers' other main options - seeding more corn or leaving fields fallow - could have resulted in even wider losses. "There's a better chance of making money with soybeans than there is for corn right now," Tuttle said. "But if we have another bigger crop, prices are going to go lower and that's not going to bode well for the farmer." In March, the U.S. Department of Agriculture forecast farmers would plant 86.5 million acres of soybeans nationwide this spring, the fifth most ever. Some analysts expect soybean acres to increase by another million acres or more as heavy rains close the window on corn planting. In nearby Princeton, Illinois, Evan Hultine also increased soy plantings and scaled back corn. High production costs due in part to a jump in interest rates looked likely to erode most or all of his corn returns, while soybeans remained marginally profitable, he said. The farm's profits will likely be the thinnest in at least five years, Hultine said. In an annual early season crop budget estimate, University of Illinois agricultural economists projected negative average farmer returns in the state for both crops, though losses would be smaller for soybeans.

Uncertainty Surrounding the EU’s Potato Crop in 2023: Implications and Outlook The European Union (EU) is currently facing a period of uncertainty in its potato farming industry in 2023. This uncertainty has arisen due to a series of adverse weather conditions earlier in the year, including excessive rainfall during planting and subsequent hot and dry weather in May and June. These weather anomalies have had a […] https://lnkd.in/db8_WQb9

Deciding whether to store or sell grain crops can be tricky. Recently data has shown that the 2024 markets are predicted to be higher performing compared to the last year. So, there might be profit in putting this year’s grain into storage this fall. Learn more about market predictions and grain storage profitability at https://lnkd.in/gfavxwhC #rootagadvisory #agricutlure #farminginthewest #2024markets #cornandsoybeans

Uncertainty Surrounding the EU’s Potato Crop in 2023: Implications and Outlook The European Union (EU) is currently facing a period of uncertainty in its potato farming industry in 2023. This uncertainty has arisen due to a series of adverse weather conditions earlier in the year, including excessive rainfall during planting and subsequent hot and dry weather in May and June. These weather anomalies have had a […] https://lnkd.in/dqR45GB2

Uncertainty Surrounding the EU’s Potato Crop in 2023: Implications and Outlook The European Union (EU) is currently facing a period of uncertainty in its potato farming industry in 2023. This uncertainty has arisen due to a series of adverse weather conditions earlier in the year, including excessive rainfall during planting and subsequent hot and dry weather in May and June. These weather anomalies have had a […] https://lnkd.in/e2vzNTAt

Great read, this is happening to many permanent crops. Especially in California. If you want to thrive in or survive markets like this think about: A) Looking to “niche down” and make your product much higher value-add (organic, specialty, niche marketplaces, etc) where prices and margins are higher B) Serving a niche or geographically isolated consumer market (the way we focus on TX wine grapes) 🍇 🍷 where margins are better due to local market conditions C) Getting your product closer to the consumer where margins get better (direct-to-consumer, direct-to-retailer, custom processing, etc)

According to research recently released by the Dutch Arable Farming Union, a 10% rise in contract prices for the potato harvest of 2024 is urgently needed. The anticipated cost prices have been carefully determined by the NAV Working Group on Consumption Potatoes (WCA), taking into account a number of factors that affect growers. Read more: https://lnkd.in/diU6XMwQ #PotatoGazette #PotatoPrices #AgricultureEconomics #CropManagement #SustainableFarming #Farmers #ContractPrices #PotatoIndustry

Uncertainty Surrounding the EU’s Potato Crop in 2023: Implications and Outlook The European Union (EU) is currently facing a period of uncertainty in its potato farming industry in 2023. This uncertainty has arisen due to a series of adverse weather conditions earlier in the year, including excessive rainfall during planting and subsequent hot and dry weather in May and June. These weather anomalies have had a […] https://lnkd.in/gZ3xaU6H