Industry News & Outlooks

September 23, 2025

The market for walnut farmers in the Central Valley has improved greatly since the lows of 2022, and grower prices have remained above breakeven. Looking ahead,

September 23, 2025

U.S. wine sales continue to disappoint, though at least the slump hasn’t deepened since my last report. I’m not expecting much improvement in the near term

September 23, 2025

Demand has been strong across the entire nitrogen complex. Given the current outlook for fertilizer and other input prices, Terrain projects slightly higher operating costs for

September 16, 2025

Milk production closed the first half of 2025 in growth mode. As of June, milk production was 3.3% higher than the previous year. May production was

September 15, 2025

The Moderation Movement Part 2: Why Americans Are Drinking Less Following 2 1/2 decades of steady growth and a brief surge during the COVID-19 pandemic, alcohol

September 15, 2025

For the first six months of the year, both wine sales value and volume dropped 5%. Market Update: Retail Wine Sales Improved in Q2, but Exports

September 9, 2025

Populations are aging and shrinking among some of the biggest dairy-consuming regions of the world, including our top dairy export destinations such as China, Japan and

September 3, 2025

(This information was originally presented on August 15, 2025. Watch the recording here: https://www.youtube.com/watch?v=wFZo4jukFsM) The strength of the overall U.S. economy is important for farmers’ decision-making.

September 3, 2025

In early February, the USDA’s Economic Research Service projected nominal U.S. net farm income for 2025 at a near record $180 billion — a hair behind

August 20, 2025

Over the past several months, I have received many questions, primarily from cow/calf ranchers, regarding the widening price spread between steers and heifers. The spread has

August 19, 2025

This year as ranching families congregate at bull sales to bid on their next herd sires, the scuttlebutt has been simple: Bull prices are seemingly high.

August 19, 2025

Introduction: Fields to Fuel The OBBBA signals a commitment to domestically sourced biofuels and feedstocks by unbundling CSA practices; removing the Indirect Land Use Change penalty,

August 18, 2025

It is easy to look at macro numbers for cattle and beef and come to the conclusions that heavier carcass weights are making up for the

August 7, 2025

On December 21, 2024, Congress passed the American Relief Act (ARA) of 2025, authorizing economic assistance to producers and disaster assistance to farmers facing losses from

August 6, 2025

The term “stagflation” continues to make headlines and weigh on consumers. Since March, more than 40% of consumers in the University of Michigan Survey of Consumers

July 14, 2025

Following months of negotiations and passage through the budget reconciliation process in both the House and Senate, H.R. 1 – One Big Beautiful Bill Act (OBBBA)

July 14, 2025

Dairy producers have benefited from high beef prices as an additional revenue stream over the past couple of years. Beef demand has proven resilient and cattle

July 2, 2025

The wine market’s slump deepened in early 2025 and grape sales activity remained depressed. Unfortunately, I don’t expect to see much improvement in either area in

July 2, 2025

Consumers Have a Taste for Beef Whether it’s steaks for dinner, a roast for Easter or grilled burgers on a warm spring day, consumers have put

July 2, 2025

Buying and Prices Could Remain Elevated USDA’s Subjective Estimate, on May 12, projected a crop of 2.8 billion pounds for 2025, up roughly 100 million pounds