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Evening Edition | Friday, December 16, 2022
In tonight's Evening Edition, read the updates to Mexico's ban on GMO corn, lagging U.S. grain exports, and top stories from this week.
Mexico and the U.S. Corn
Ahead of a visit by Mexican government leaders, Agriculture Secretary Tom Vilsack said that the Biden administration was ready to challenge Mexico under North American trade rules unless it “rectifies” a presidential decree that would ban imports of genetically modified corn at the start of 2024.
Chuck Abbott reports on Vilsack's warning to Mexico in the article linked below.
Later in the day, the Mexican foreign ministry said it aims to reach an agreement with the U.S. in January.
The Mexican ministry is seeking to reach a "mutual understanding" that gives "legal certainty to all parties."
Read on in the link below.
Grain Exports
Despite the U.S. dollar dropping nearly 10% since September, U.S. exports have remained precariously slow.
Bryan Doherty with Total Farm Marketing writes, "History has indicated that high prices often encourage end users to take a more cautious approach to buying and, therefore, only purchase on an as-needed basis."
Read Doherty's suggested strategies and in-depth analysis at the link below.
- READ MORE: Will U.S. grain exports continue to lag?
This Week's Top Stories
Editor Alex Gray covers Ryan Roossinck's year of Interesting Iron.
If there was one constant through all the auctions this year, however, it was mean-machine muscle tractors.
Take a look at some of the biggest and most powerful tractors we saw on auction this year, and their final hammer prices.
- READ MORE: 2022: The year of the antique muscle tractor
High commodity prices and low interest rates helped drive farmland values in Iowa to an average of $11,411 an acre, up 17% from 2021.
In 2021, values had risen 29%, according to Iowa State University’s annual Land Value Survey.
Find out what survey participants said about expected prices a year from now in the article linked below.
- READ MORE: Iowa farmland values skyrocket, again
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