Illinois farmer David Erickson admits that what he and many U.S. farmers are about to do doesn't seem to make much sense.
For farmers who grow some of the biggest U.S. crops, choosing what to plant this year has become a bet on which one will lose less money. A three-year plunge in prices has sent farm income to the lowest in more than a decade and left parts of the Midwest agricultural economy in recession.
By Roger Moorhouse Russian President Vladimir Putin made headlines last week when he defended the 1939 Nazi-Soviet non-aggression pact, by which Stalin and Hitler agreed secretly to divide Eastern Europe between them.
By Jeff Wilson CHICAGO — The plunge in U.S. fuel costs is coming too late to help American farmers stung by the lowest crop prices in years. Most growers buy tractor-diesel as well as energy-based fertilizers and pesticides well before the harvests, which started in September for the biggest crops, corn and soybeans. While crude-oil futures began inching lower in June, it would take months before the declines turned into a full-fledged bear market.
By Alan Bjerga WASHINGTON — A record U.S. harvest has pushed crop prices so low that taxpayers may pay billions of dollars more to subsidize farmers than anticipated just months ago, thanks in part to changes Congress approved this year. Lawmakers passed a five-year farm law in February and hailed its projected savings in subsidies of $14 billion over a decade. The forecast was based on farmers getting paid more for their crops.
Health officials have known for weeks that it would happen, and now it has: A case of Ebola has been diagnosed in the United States. More such cases are to be expected, in others who travel to the U.S. from infected areas in Africa without realizing they’ve picked up the virus. Ebola is a horrible sickness that has already killed more than 3,000 people in Guinea, Liberia and Sierra Leone. But a single case in the U.S. is no cause for alarm. U.S.
In addressing the threat posed by Islamic State, President Barack Obama has repeatedly emphasized that there is no American military solution to the crisis in Iraq and noted that only a more inclusive Iraqi government can hold the country together. So far, however, Obama has been far more specific about the military campaign in Iraq than the diplomatic mission. That needs to change. Iraq’s long history of violent sectarianism prevents Iraqi Shiites, Sunnis and Kurds from initiating or sustaining talks. But each group accepts the United States as a neutral arbiter.
CHICAGO — Corn dropped to the lowest in four years as waning prospects for frost damage last week boosted speculation that yields will be bigger than the government forecast in the U.S., the world's biggest producer. Farmers will harvest 14.276 billion bushels this year, more than the U.S. Department of Agriculture's August forecast for a record 14.032 billion, a Bloomberg survey of analysts and traders showed. The USDA will update its crop estimates on Thursday.
By Jeff Wilson CHICAGO — After soybean fields from North Dakota to Ohio got more than twice the normal rainfall in August, Iowa farmer Jason Marienau expects the wet weather that plumped up his beans to boost yields to a record. The showers helped fill his pods with fatter seeds, and the crop looks so good he estimates this year 2,300 beans will weigh one pound, compared with 3,000 in a normal year, on some of his fields near Le Mars, in northwest Iowa. Higher prices before sowing started prompted U.S.
USDA: Lower corn, soybean prices likely to blame for profit plunge; livestock revenues could set record.