Category Archives: Agriculture News & Information

Historic Midwest Blizzard Has Farmers Seeing “Massive Crop Losses…As Devastating As We’ve Ever Seen”

Many farmers in the middle of the country faced very serious delays in getting their crops planted from horrific flooding early in the year. Now, an unprecedented October blizzard that hit just before harvest time has absolutely devastated farms all across the U.S. heartland. The majority of US crops were still in the fields and in many cases has been declared a total loss. What this means for you is food prices are going to go up. Americans should begin to stock up and get prepared now, because we are facing a major shift from the ripple effect this will undoubtedly leave.

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Huge Blow To US Farmers: China Heads To Argentina For Soy Meal In Landmark Deal

A new report from Reuters outlines how China has ditched US farmers for Argentina. An agreement between both countries is expected to be signed on Wednesday in Buenos Aires, describes how Argentina, the world’s biggest exporter of the animal feed, will allow China to import soy meal for the first time. 

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Midwest Farm Loan Repayment Issues Hit Highest Level Since 1999

A new farm survey by the Federal Reserve Bank of Chicago on Thursday detailed farm loans at Midwest banks are having the most repayment difficulties in 20 years. Following six years of falling farm income and rising debt levels, and the recent addition of record floods across the Farm Belt and the trade war between the US and China, a farm crisis on par to the 1980s could be imminent.

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Farm Loan Delinquencies And Bankruptcies Soar, Incomes Plunge

Delinquency rates of agriculture loans have been above historical averages in the last several years as farm incomes in the Midwest and Mid-Southern states have collapsed over the previous six years. Net farm income, a broad measure of profits, has fallen 45% since a high of $123.4 billion in 2013 to about $63 billion last year, according to the US Department of Agriculture (USDA).

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Why The Banana Business Of Chiquita And Dole Is At Risk [VIDEO]

A deadly fungus is spreading from Southeast Asia and wiping out whole plantations of America’s favorite fruit: the banana. The tropical fruit’s popularity is thanks to a few pioneering entrepreneurs, who founded Chiquita under a different name over a century ago. Now, the business they built is at risk of decimation if the fungus reaches Latin America, the source of 97% of the U.S.’ banana imports.

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