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In northern Illinois, farmers could lose $140 per acre on average for corn and $30 an acre for soybeans with autumn delivery prices of $4.50 and $11.50 a bushel, respectively, the analysis showed.
Additionally, Illinois farmers harvested 10.75 million acres of soybeans in 2024, up from 10.3 million acres the year before. Kindred said the bounty may help other industries to flourish.
The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
Dairy products and wheat are important secondary crops in specific segments of the state. In addition, some Illinois farmers grow specialty crops such as popcorn and pumpkins. The state is the largest producer of pumpkins among the U.S. states. [13] There is a large watermelon growing area centered on Lincoln, Illinois. Illinois wine is a ...
Trump promised on the campaign trail to lower prices. The surge in inflation expectations added to labor market strength in reinforcing the message from the Federal Reserve about fewer interest ...
Corn is used to make ethanol and prices went up by a factor of three in less than 3 years (measured in US dollars). [ 28 ] [ needs update ] Reports in 2007 linked stories as diverse as food riots in Mexico due to rising prices of corn for tortillas [ 29 ] and reduced profits at Heineken, the large international brewer, to the increasing use of ...
The average price of a new passenger vehicle in the U.S. in December was $49,740, according to Kelly Blue Blook. Maoli speculates that if tariffs are implemented, prices for new cars could jump ...
Production (and consumption) of agricultural plant commodities has a diverse geographical distribution. Along with climate and corresponding types of vegetation, the economy of a nation also influences the level of agricultural production.