‘Farm and Rural’ are not synonymous! – September 20, 2022

‘Farm and Rural’ are not synonymous!

More and more of America’s farmers rely on off-farm income at the same time that agriculture accounts for a smaller share of rural employment nationwide, said a University of Missouri study on Monday. The analysis, commissioned by agricultural lender CoBank, said the majority of principal farm operators worked off the farm and off-farm income accounted for 82 percent of farm household income.

Growers sow winter wheat despite arid conditions

More than half of U.S. winter wheat territory is in drought but growers are sowing the grain at a faster pace than usual, said the Crop Progress report on Monday. In USDA’s first look at the new crop, it said the grain was planted on 21 percent of winter wheat land in the 18 leading states, 4 points ahead of the five-year average.

TODAY’S QUICK HITS

European bread prices soar: The price of bread in the E.U. rose by 18 percent in the past year due to disruptions in global markets caused by the Russian invasion of Ukraine; meat, vegetables and cooking oils are also more expensive. (Eurostat)

Boozman opposes meal plan: The senior Republican on the Senate Agriculture Committee would not support a proposal to include in a stop-gap government funding bill a return to free school meals to all students. (Politico)

Bunge sells Russian oilseed business: Bunge Ltd., one of the world’s leading agricultural commodities traders, said it would sell its oilseed processing business in Russia to Karen Vanetsyan, controlling shareholder of Exoil Group, for an undisclosed price. (Bunge)

Electric vehicles worry ethanol: Plans by automakers and states such as California to phase out production and sales of gasoline-powered vehicles could imperil farm income, considering the huge volume of corn — the No. 1 U.S. crop — used to make ethanol. (South Dakota Public Broadcasting)

Farmland maven Dickhut retires: Randy Dickhut, a respected voice on farmland values and trends, will retire at the end of the month as senior vice president for real estate operations at Farmers National Co. (Farmers National)

Bookmark the permalink.