Mike Pearson takes a look at the Big Beautiful Bill in Congress, the results of the USDA Grain Stocks and Acreage report out this week and a quick preview of the Farm Progress Show.
Pearson talks to United States Ag Secretary Brooke Rollins over the phone about the Big Beautiful Bill. She says the bill is a vision for America and will give $10,000 back to Americans in taxes. Plus, it puts ag back at the top of the list and gets rid of the death tax.
Next up is Marc Rosenbohm, Senior Grain and Oilseed Analyst for Terrain. He talks about the USDA Grain Stocks and acreage report out this week and how it kept the markets neutral. The market says 95.2 million acres of corn is being planted and 83.4 million acres of soybeans. The report also shows that 3.6 million acres of corn still needs planted and 11.5 million acres of soybeans.
Greg Soulje is in with a weather forecast for the week.
Also on the show is Dr. Ernie Goss, Economics Professor for Creighton University. He talks about the Mid-America Business Conditions Index survey of supply managers. The survey shows the economy limping along. One thing that sticks out is that 80,000 manufacturing jobs were lost in Mid-America. The economy shows good productivity, but the tariffs are squeezing the profit margins.
Plus, on Agronomy for YOUR Acres segment, Tyler Richardson, a crop consultant talks about the wet conditions in Missouri. He says it has been a cool and wet summer, but the crops are looking good due to the ample moisture. However, it is putting residual chemistries to the test.
Greg is back with an extended weather outlook.
In addition, Pearson talks with Andy Castillo, the Technolgy and Equipment Editor for Farm Progress. The discussion centers around the tariffs and how they are hitting agriculture. He says one area where tariffs are strong is with Canadian dairy imports. Once, the USA ships so much dairy into the country, the tariffs begin. Tariffs are also hitting American agriculture in the equipment market. They can increase the cost of equipment due to the electronic components coming from different countries.
Next up is Max's Tractor Shed. He tells viewers about a tractor shed owned by Shar and Todd Declercq in Hillsdale, Illinois. Most of the tractors in the new building are Allis Chalmers including WD-45 and a yellow D-21.
Mark Stock shares the lineup for BigIron Auctions.
The FFA tribute this week goes to Ari Mota, Tennessee FFA state reporter.
Mota was born and raised in Nashville and was a newcomer to agriculture at the age of 10 when her family moved to a farm.
She wasn't acquainted with FFA until she accidentally got signed up for ag science class and got involved.
Now, she holds a state position and enjoys using her social media skills. She said she has always loved creating videos and now she uses those skills for the social media. She enjoys using it to control the public's perception of the Tennessee FFA.
The weekly FFA Chapter Tribute is an opportunity to shine a spotlight on the good work of your local chapter. Tell us about what you're doing, give us some history from your group and tell our viewers of the work you do in the community. FFA chapters across the country deserve recognition for the work they do, make sure we include yours.
To have your chapter considered for this weekly feature, send along information about your group by e-mail to Max Armstrong at max@agbizweek.com. They'll get your group on the list of those that will be covered in the future. It's a chance to share your story beyond the local community.
The National FFA Organization, formerly known as Future Farmers of America, is a national youth organization of about 650,000 student members as part of 7,757 local FFA chapters. The National FFA Organization remains committed to the individual student, providing a path to achievement in premier leadership, personal growth and career success through agricultural education. For more, visit the National FFA Organization online www.ffa.org, on Facebook at facebook.com/nationalffa, on Twitter at twitter.com/nationalffa.
Chad Colby takes a drive to Decatur, Ill. to see the Farm Progress Show site. The show will feature harvesting and tillage demonstrations as well as spraying demonstrations. Plus, an increase of vendors at the show so there is now an expanded varies industries area increase.
And finishing up the show is a discussion between Pearson and Cold Woodall, CEO for the National Cattlemen's Beef Association. The duo discuss the new world screwworm and what is being done to stop it from getting to the United States. The concern is that the parasitic larvae will get into the U.S. border and kill cattle. The border has been reopened but work is beginning on a new screwworm facility to breed sterile flies in an effort to fight the problem.
This Week in Agribusiness features market news, ag technology, weather and farm management and equipment information and opinions. This leading ag news program airs weekly on RFD-TV, and can be found each week on FarmProgress.com.