…pounds below estimates. Monthly price increases, minimal carryout, and robust sales contributed to this success. However, the recent 3 billion-pound 2025 crop estimate shook market confidence. Prices dropped from $2.50…
California Freight Industry Crisis: Trucking Leader Speaks Out on Rising Costs and Regulations
The California freight industry crisis is hitting home for trucking companies across the state. Mark Wood, owner of Kingsburg-based Wildwood Express, is calling attention to the skyrocketing fuel prices, restrictive…
Almond Crop Surprise: Growers Navigate Higher Yields, Market Strategy
…potential advantages—especially in global markets. Roughly 70% of U.S. almonds are sold internationally, and the behavior of those export markets plays a critical role in overall price stabilization. “The way…
USDA Pays Millions to California Dairies Amid Bird Flu Milk Losses
…Bird Flu Milk Losses Emergency Relief Through ELAP To help mitigate the losses, the USDA tapped into its Emergency Assistance for Livestock, Honeybees, and Farm-Raised Fish Program (ELAP). Traditionally reserved…
USDA July Cattle Report Reveals Continued Decline in Herd Size
…cattle inventories shrinking, the supply of beef available to processors and retailers is expected to remain constrained. This may continue to place upward pressure on beef prices in the near…
California Almonds & Walnuts: Sonny Toor on Markets, Tariffs, Grower Strategy
…Prices Below Break-Even—But Buyers Must Be Warned Toor expressed concern about current almond prices, which he described as below growers’ breakeven points. “If buyers keep purchasing at unsustainable prices, one…
Red Meat Production Slips in June as Beef Output Declines
…for Beef Remains Strong Despite Price Increases One major question looming over the industry is how much longer consumers will be willing to pay high prices for beef. According to…
Los Gatos Tomato: Innovation, Labor & Water in Focus
…Factors include: High input costs and drought-shortened crops (2021–2022) Record tomato prices in 2023 GLP-1 weight loss drugs affecting national food consumption trends Still, Los Gatos remains strong thanks to…
Tomato Trade Shift Pressures U.S. Processors
…said. “Ultimately, we had the highest price on record for the cost of tomatoes in 2023.” But the industry’s record-high pricing didn’t hold. A bumper crop led to an oversupplied…
AgNet News Hour Thursday, 07-24-25
…the rise of weight-loss drugs affecting food demand. The episode also features timely updates on international trade wins for American ag, including new zero-tariff trade agreements with Japan, Indonesia, and…
Ground Beef Prices Hit Historic Highs Amid Supply Chain Strains
…latest Consumer Price Index data from the U.S. Bureau of Labor Statistics, the national average price for ground beef surpassed $6 per pound — the highest ever recorded since data…
AgNet News Hour Wednesday, 07-23-25
…in almond prices almost overnight. That drop could mean a 20% loss in projected profit for growers, potentially pushing some close to break-even levels. “Growers were feeling optimistic, and now…
New Tax Provision Eases Capital Gains Burden for Farmers
…tax payment. Understanding Capital Gains in Agriculture Capital gains taxes are incurred when a farmer sells an asset—such as farmland—for more than its original purchase price. The tax is based…
Cotton Acreage Drops Significantly Across the Belt
…between the Supplemental Coverage Option (SCO) and STAX (Stacked Income Protection Plan). Growers will now be able to enroll their seed cotton base acres in PLC (Price Loss Coverage) while…