Economy

Charles Bassett wants you to buy hamburgers made from his Missouri cows. That’s why the Missouri rancher wants to pay an extra dollar into an industry-created fund every time he sells one of his cattle.


The Western Farm Show in Kansas City, Missouri, is a long way from Silicon Valley.

But here in a huge arena, set in what used to be the Kansas City Stockyards, the high-tech future of agriculture is for sale.

Midwest Farmers On Notice As Farm Debt Grows

Mar 8, 2016

There are mounting concerns about the direction of the farm economy. The U.S. Department of Agriculture expects farm income to fall for the third year in a row in 2016. At the same time, farmers are borrowing billions more from banks to get by.

The change in farm fortunes follows a drop in prices for corn and soybeans, the top Midwest crops. Supply and demand are both working against the commodity markets. Farmers have raised an oversupply of grain, while at the same time the slow global economy has brought down demand.

Hundreds of lawsuits against seed company Syngenta could develop into a major class-action potentially involving almost every corn farmer in the country.

Cuts to the crop insurance program will again be a talking point on Capitol Hill.

The budget drafted by President Obama and released Tuesday would make cuts to the crop insurance system, allocate more funds for agricultural research and fund the summer program that provides free meals to children.

The Rising Energy Costs Of Convenience In The Kitchen

Jan 21, 2016

To make or not to make a homemade pie?  That is a classic holiday dilemma. Do you take the easy way out and buy a fairly decent frozen pie, or do you risk making your own, resulting in a potentially burnt and lumpy version?

While there is something special about that homemade option, every cook knows that it takes a lot of your own time and energy.

The time is ripe for the sharing economy in farm country.

Much like other Web-based companies like Airbnb or Uber, a site dedicated to leasing and using farm equipment is making available expensive machinery during the times producers need it most. And the idea is taking root as crop and livestock prices trend lower and costs climb higher.

“You get innovative when things get tighter,” said Chad Hart, an agriculture economist at Iowa State University. “We're looking for ways to enhance income right now especially in a low margin environment.”

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