Latest News From Retail Business

ADM Puts CFO On Leave With Ongoing Investigation In Cooperation with SEC
ADM Puts CFO On Leave With Ongoing Investigation In Cooperation with SEC

Vikram Luthar’s leave is pending an ongoing investigation being conducted by outside counsel for ADM and the Board’s Audit Committee.

Exclusive: Presidential Candidate Nikki Haley Shares Her Vision For The U.S., Agriculture
Exclusive: Presidential Candidate Nikki Haley Shares Her Vision For The U.S., Agriculture

AgriTalk has extended an invitation to all the 2024 presidential hopefuls to join Host Chip Flory and answer five standard questions about what they would focus on once in office.

New Legislation Looks To Connect Farmland And Ranchland To Broadband
New Legislation Looks To Connect Farmland And Ranchland To Broadband

The Last Acre Act would help expand high-speed internet access across eligible farmland, ranchland and farm sites. At least 15% of farms and ranches have no access to the internet today. 

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Become a More Anticipatory Leader

“There are some things that we've adopted over the years that really aren't particularly useful and I think in some cases even detrimental to our performance,” says Dave Mitchell.

Preventative Maintenance for Your People: How to Reduce Turnover and Boost Morale
Preventative Maintenance for Your People: How to Reduce Turnover and Boost Morale

Follow this strategy to reduce turnover and increase morale on your farm team.

How Important is U.S. Ag and Food to the Economy?
How Important is U.S. Ag and Food to the Economy?

In celebration of National Ag Day and National Ag Week, the 2023 Feeding the Economy report shows just how vital the industry is to U.S. families, communities and the world.

Have a Goal to Be a Better Leader in 2023? Here are Steps to Take
Have a Goal to Be a Better Leader in 2023? Here are Steps to Take

“You can begin at any point in the year, but the power of this is that by improving yourself first, others follow,” says Mark Faust, president of Echelon Management.

Is the U.S. Now Officially in a Recession?
Is the U.S. Now Officially in a Recession?

Friday brought mixed news for the economy. So, is the U.S. officially in a recession? K-State economists say it's more important to watch changes in behaviors versus debating the definition of recession.

U.S. Diesel Crisis Lingers as Europe Prepares for Russian Oil Ban
U.S. Diesel Crisis Lingers as Europe Prepares for Russian Oil Ban

Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.

Rural Bankers Rank Top 3 Farmer Challenges. Do You Agree?
Rural Bankers Rank Top 3 Farmer Challenges. Do You Agree?

Trouble continues in the rural economy. Rural bankers point to the issues causing uncertainty ahead.

Labor Contract Negotiations Continue Past Deadline at Some of America's Most Important Ports
Labor Contract Negotiations Continue Past Deadline at Some of America's Most Important Ports

U.S. Labor Secretary Marty Walsh remained optimistic about contract negotiations between workers and shipping companies for some of the country’s most important ports, even as talks extend past a previous deadline.

Could the High Heat Cause Corn Prices to Repeat 1988 and 2012 Levels?
Could the High Heat Cause Corn Prices to Repeat 1988 and 2012 Levels?

Heat seemed to be the focus of the markets this week. Two veteran market analysts say if this heat continues, and drought becomes an even larger concern, commodities could see a violent run-up in prices.

It's Never Easy Deciding When to Book Feed, This Year is Extra Challenging
It's Never Easy Deciding When to Book Feed, This Year is Extra Challenging

Feed costs are seeing volatile swings, even as hog prices trend higher. While the markets produce major whiplash for producers, margins on the farm show costs are increasing faster than returns.

Premium Diesel
Will Record-High Diesel Prices Race Even Higher with EU's Partial Ban on Russian Oil?

Even with the partial ban by the European Union, one industry expert says it's possible diesel prices will see a slight reprieve in the coming weeks; however, it won't come in the form of dollars.

Equip Future Agricultural Leaders: AgCareers.com Roundtable to Discuss Pivotal HR Trends
Equip Future Agricultural Leaders: AgCareers.com Roundtable to Discuss Pivotal HR Trends

From recruitment to retention to building trust in the workplace, AgCareers.com will host their annual HR Roundtable on June 15, discussing current trends and issues in the agriculture industry workforce.

We Must Do Something Different, Alltech CEO Says
We Must Do Something Different, Alltech CEO Says

“Reducing is not enough; we must do something different,” urged Mark Lyons, president and CEO of Alltech, during the Alltech ONE Conference on May 23.

Diesel Prices Jump 37% in 10 Weeks, Gas Prices Projected to Hit $6.20 by August
Diesel Prices Jump 37% in 10 Weeks, Gas Prices Projected to Hit $6.20 by August

The White House is considering waiving U.S. gasoline environmental rules aimed at reducing summertime smog, hoping the waiver will combat rising pump prices, Reuters reported.

Filling A Tractor Tank Daily Now Costs Some Farmers $1,000, Double What It Did a Year Ago
Filling A Tractor Tank Daily Now Costs Some Farmers $1,000, Double What It Did a Year Ago

U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.

Why Mental Health Matters on the Farm
Why Mental Health Matters on the Farm

A little bit better is a little bit better, said Ted Matthews, director of Minnesota Rural Mental Health. Matthews dispels myths about mental health, counseling and anxiety on the farm.

2021 Agricultural Job Report: Career Trends and Opportunities
2021 Agricultural Job Report: Career Trends and Opportunities

The last couple of years have affected employment in agriculture and food, changing where, how and the way we work and conduct business. Here's a look at AgCareers.com's annual review of trends in jobs and candidates.

H-2B Visas Increased Again to Fight U.S. Labor Shortage
H-2B Visas Increased Again to Fight U.S. Labor Shortage

The Department of Homeland Security and the Department of Labor will make an additional 35,000 H-2B temporary nonagricultural worker visas available for the second half of fiscal year 2022.

Here's Why the Russia-Ukraine Crisis Creates a Realignment of World Trade
Here's Why the Russia-Ukraine Crisis Creates a Realignment of World Trade

The Russia-Ukraine crisis sent wheat prices skyrocketing 50 cents higher, with corn up 30 cents at one point Thursday. Crude oil also soared above $100 per barrel, hitting the highest level since 2014. 

New Study Investigates Feed Mill Decontamination in the Event of an ASF Outbreak
New Study Investigates Feed Mill Decontamination in the Event of an ASF Outbreak

A new research study will evaluate methods for cleaning and disinfecting feed mills following a potential African swine fever outbreak.

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China’s Central Bank Cut Rates for First Time in Two Years

On Monday the People’s Bank of China also announced a 0.1 percentage point cut to two of its key policy rates. It acted after GDP grew by more than 8% in 2021, but slowed down in the fourth quarter.

USDA's January Grain Stocks Reports Shocked The Market One Year Ago, Will It Happen Again?
USDA's January Grain Stocks Reports Shocked The Market One Year Ago, Will It Happen Again?

USDA will release several reports Wednesday, January 12, including Crop Production, Grain Stocks and WASDE. With declining outlooks for South America's crop, Garrett Toay and Brian Splitt break down what to watch.

Freight Rates Skyrocket
Freight Rates Skyrocket

Transportation woes continue to haunt Northeast shippers as trucks remain hard to come by and freight rates skyrocket because of rising fuel costs and a scarcity of drivers. 

9 Forces Shaping the U.S. Rural Economy in 2022
9 Forces Shaping the U.S. Rural Economy in 2022

Despite COVID-19 variants, inflationary pressures and supply chain limitations, consumers will continue to power the economic rebound,

2022 Outlook: Why Corn’s Sweet Spot May Be Below $6 in the New Year
2022 Outlook: Why Corn’s Sweet Spot May Be Below $6 in the New Year

From increased input prices, to a dimmer outlook on corn export demand, analysts say there are a multitude of factors driving the outlook into the new year. Analysts weigh in on their price picture projections for 2022.

Inflation—This Year’s Uninvited Holiday Guest
Inflation—This Year’s Uninvited Holiday Guest

What do a Thanksgiving turkey and a canary in a coal mine have in common? More than you might think—this year’s turkey has a warning.

Business as Usual
Business as Usual

The critical nature of the ag industry has required many ag employers continue business operations as normal. AgCareers.com’s annual Agribusiness HR Review survey of ag employers assesses employers’ COVID responses.

2021 Corn Exports to China Set To Crush Expected Target By 1,000%, Phase One Finale In Focus
2021 Corn Exports to China Set To Crush Expected Target By 1,000%, Phase One Finale In Focus

Recent soybean sales have created doubts on just how much China will source. One Ohio State University ag economist says corn, cotton, wheat and pork exports are solid when you compare them to overall commitments.

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Is a Flood of FSA Staffing Shortages Coming Soon? USDA Denies FSA Vaccine Exemption Request

USDA said late last week it’s not approving a vaccine mandate exemption for Farm Service Agency (FSA) employees, and now there are fears the next shortage farmers will face will be with FSA local field staff.

China Presses U.S. to Cancel Tariffs in Test of Bilateral Engagement
China Presses U.S. to Cancel Tariffs in Test of Bilateral Engagement

China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries' top trade officials that Washington saw as a test of bilateral engagement between the world's biggest economies.

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U.S., China Container Shipping Rates Plummet 50%, Backlog of Unfilled Orders Grows

As backlogs at U.S. ports and climbing shipping rates plague the supply chain, new data shows container shipping rates between the U.S and China are dropping by more than 50% in  just a month. 

C-Suite: Focus On Collaboration, Not Credit
C-Suite: Focus On Collaboration, Not Credit

In a partnership announced in mid-June, Helm Agro will provide marketing, distribution and technical support for Alltech Crop Science’s biological products.

Vilsack Says 98.9% of Farmers Won’t Be Impacted by Biden’s Tax Plan, Tax Experts and Economists Still Disagree
Vilsack Says 98.9% of Farmers Won’t Be Impacted by Biden’s Tax Plan, Tax Experts and Economists Still Disagree

Possible tax changes on the table in Washington are causing angst in agriculture. Secretary Vilsack says the proposed changes won't impact 98% of family farms, but another analysis contradicts those claims.

AgCareers.com Launches Feed Your Future U.S. Series of Virtual Career Fairs 
AgCareers.com Launches Feed Your Future U.S. Series of Virtual Career Fairs 

AgCareers.com is launching its 2021-2022 season of Feed Your Future virtual career fairs across the United States. 

Ethanol Outlooks Stable, Westhoff Says Export Demand Optimistic
Ethanol Outlooks Stable, Westhoff Says Export Demand Optimistic

Dr. Pat Westhoff joins AgriTalk’s Chip Flory to share his spin on the latest trends in crop markets, livestock outlooks and projections for net farm income.

In this Tuesday, April 4, 2017, photo, Blake Hurst, a corn and soybean farmer and president of the Missouri Farm Bureau, right, talks with his son Dallas Hurst, left, and his brother Brooks Hurst, center, on his farm in Westboro, Mo.
House Committee Nixes Transfer Tax Proposal, Farm CPA Bumps Grade From 'F' to 'B-'

Paul Neiffer says one of the biggest benefits in the House’s proposed plan is farmers won’t be hit with increased taxes at death, as the transfer tax is no longer included and the full step-up in basis remains.

Grade Your Business Management IQ
Grade Your Business Management IQ

Take a high-level assessment of your strengths and weaknesses.

How to change the face of agriculture
How to change the face of agriculture

It’s no wonder Michael Smith wasn’t comfortable with pursuing a career in agriculture when he started college at Lincoln University in Jefferson City, Mo.

Grain Belt Farmland Values Jump 7.5% in 6 Months
Grain Belt Farmland Values Jump 7.5% in 6 Months

Farmland values continue to increase and are nearing levels not seen in eight years, according to a recent report from Farm Credit Services of America. 

From Drought and Derecho Damage, to Losses from Record Cold Temps, $8.5B Disaster Aid Bill Passes House Ag Committee
From Drought and Derecho Damage, to Losses from Record Cold Temps, $8.5B Disaster Aid Bill Passes House Ag Committee

New WHIP+ legislation made its way out of the House Agriculture Committee Tuesday. The $8.5B bill expands not only the type of weather events and resulted losses covered, but also the level of drought needed to qualify.

Ag Leaders Urge Labor Reform in Historic Hearing of Judiciary Committee
Ag Leaders Urge Labor Reform in Historic Hearing of Judiciary Committee

U.S. ag is suffering from a labor shortage that could increase production costs and consumer food prices if not addressed through visa reform to provide better access to the foreign-born workers on which it depends.

4 Questions Farmers are Asking about Carbon Markets
4 Questions Farmers are Asking about Carbon Markets

As growers wade through the ever-deepening amount of carbon information available in the marketplace, they are asking for answers to these common questions.

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How Will the Economic Boom Impact U.S. Agricultural Businesses?

CoBank says challenges brought on by COVID-19 will speed up automation throughout many sectors of the supply chain. Here's a deeper look at the animal protein industries in CoBank's latest report.

Union Pacific Shipping Snafu Amplifies Supply Chain Delays, Ocean Shipping Costs Jumps 333%
Union Pacific Shipping Snafu Amplifies Supply Chain Delays, Ocean Shipping Costs Jumps 333%

The shipping snafus are gaining steam, as congestion along one major rail system now causing shippers to halt the hauling of ocean shipping containers from the West Cost. That's as ocean freight costs jumped 333%.

Biden Signs Executive Order to Tackle Competition Issues; Here's How it Impacts Agriculture
Biden Signs Executive Order to Tackle Competition Issues; Here's How it Impacts Agriculture

President Biden is tackling anti-competitive issues in the U.S. with a new Executive Order. Signed Friday at the White House, the order could have a sweeping impact on agriculture.

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Farmers' Financial Outlook Optimism Sees Dramatic Drop in June Ag Economy Barometer

U.S. farmers' optimism about current and future conditions are seeing a sharp decline to start the summer, as a monthly gauge of producer sentiments hit the lowest reading since July 2020. 

In the Market for Propane? Here's Why Propane Prices Could Produce Sticker Shock this Fall
In the Market for Propane? Here's Why Propane Prices Could Produce Sticker Shock this Fall

Propane prices are already twice the levels posted a year ago, and as supply concerns rise, propane prices could trend even higher heading into the fall and winter months.