After reaching recent highs in 2021 and 22, the average net cash income of U.S. farm businesses is expected to decline by 18% in 2023 compared with 2022.
The World Meteorological Assoc. says the La Nina weather pattern will last through the end of 2022. The U.S. Cattlemen’s Assoc. is holding its 15th Annual Meeting and Cattle Producer’s Forum in Nashville, Dec. 8-10.
California water projects stand to benefit from the federal Infrastructure Investment and Jobs Act recently passed in Congress and signed by President Biden.
China is making its first buy of U.S. soybeans since the trade truce was declared. Chinese state-owned companies bought at least 500,000 tons of U.S. soybeans.