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Is There Really Too Much Milk?

Milk futures have taken a beating over the past month with prices experiencing very few days of higher closes. Technically, futures should be about ready to rebound in price retracing some of the losses experienced during that period of time.The bottom line is that there is just too much milk and product out there to warrant much higher prices. Yes, prices could increase to some extent and hopefully we will experience Class III futures back to $17.00 again before the end of the year, but there is significant lost ground to regain. [node:read-more:link]

Craft beer sales slow, and industry changes may be on the way

A bubble in Oregon’s revered craft beer industry? Sales have slowed and some breweries have closed, but the state Office of Economic Analysis isn’t going on a bender about it. Senior Economist Josh Lehner, who has written extensively about the economic impact of the state’s “alcohol cluster,” said it’s likely the industry is maturing. [node:read-more:link]

Texas and Florida Farmers: Time to Face Crop Loss

It will take months to calculate the damage Hurricanes Harvey and Irma unleashed this summer on the states of Texas, Louisiana, and Florida: dozens of lost lives, hundreds of thousands of destroyed homes, tens of billions in property damage and untold suffering and disruption. Some losses will take years to mend, some can never be mended at all. For farmers, once conditions clear enough to inspect fields, a first order will be to assess losses to their crops. [node:read-more:link]

Monsanto Challenges Arkansas Ban, Praises Indiana's RUP Move

 Monsanto showed what it will tolerate, and what it won't tolerate, when it comes to states' reactions to the 2017 season's unprecedented dicamba drift damage complaints. The St. Louis-based company on Thursday said it has filed an aggressive petition to the Arkansas State Plant Board, demanding it reject the state's proposed in-season ban on dicamba herbicides within 30 days or risk legal action.That response contrasts with the company's newly announced take on actions in Indiana. [node:read-more:link]

USDA to fold GIPSA into AMS

Secretary of Agriculture Sonny Perdue announced the realignment of a number of USDA offices to improve efficiency, including merging the Grain Inspection, Packers and Stockyards Administration into the Agricultural Marketing Service [node:read-more:link]

Farm size matters when it comes to profit

But when it comes to the profitability and survival of Pennsylvania farms, size apparently matters, according to a report compiled by economists in Penn State’s College of Agricultural Sciences. Theodore Alter, professor of agricultural, environmental and regional economics, and Theodore Fuller, development economist, both in the Department of Agricultural Economics, Sociology, and Education, co-authored the report, Pennsylvania Agriculture: Where the Action Is! Incorporating data from the U.S. [node:read-more:link]

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