United States

P.J. Huffstutter

INSIGHT-How a major U.S. farm lender left a trail of defaults, lawsuits

Oct 22 2019

HARROD, Ohio, Oct 22 After completing a credit review in a half-hour phone call, a BMO Harris Bank underwriter cleared $12 million in loans for Ohio corn and soybean producer Greg Kruger in 2013.

African swine fever outbreak has cut Vietnam hog herd by 20%: USDA undersecretary

Oct 18 2019

CHICAGO African swine fever has killed off about 20% of Vietnam's hog herd, and it is not clear whether the outbreak has been contained, U.S. Department of Agriculture Undersecretary Ted McKinney said on Friday.

U.S. farmers receive $14.03 billion so far in government trade aid

Oct 02 2019

CHICAGO The U.S. Department of Agriculture (USDA) has so far paid farmers $14.03 billion of a promised $28 billion as compensation for the effects of Washington's trade disputes with China, an agency official told Reuters on Wednesday.

LIVESTOCK-Cattle futures surge as trade grows bullish on potential U.S. exports to Japan

Sep 27 2019

CHICAGO, Sept 27 U.S. live and feeder cattle futures on Friday surged to their highest prices seen in nearly a month, as the cash market began to firm and traders grew more bullish about export demands after the U.S. and Japan signed a limited trade deal this week.

Commodities trader Cargill's quarterly profit rises 3% on beef, eggs demand

Sep 26 2019

CHICAGO Global commodities trader Cargill Inc [CARG.UL] reported a 3% increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses.

Cargill creates new business unit focused on animal, human health

Sep 25 2019

CHICAGO, Sept 25 Global commodities trader Cargill Inc is launching a new business unit focused on animal and human health products as part of a reorganization of its animal nutrition business, the company told Reuters on Wednesday.

Trump trade-war aid sows frustration in farm country

Sep 13 2019

ROCHESTER, Minn. The U.S. government is paying Texas cotton farmer J. Walt Hagood $145 an acre for losses related to U.S. President Donald Trump's trade policies. But Minnesota soybean farmer Betsy Jensen will get just $35 an acre.

Many U.S. farmers fume at Washington, not Trump, over biofuel, trade policies

Sep 10 2019

ROCHESTER, Minn./CHICAGO American farmers helped elect President Donald Trump in 2016 on hopes he would shake up Washington and turn around a struggling agricultural economy, but many of his policies have actually stung farmers, notably his trade war with China and biofuel waivers for oil refiners.

RPT-Farm loan delinquencies surge in U.S. election battleground Wisconsin

Sep 06 2019

WASHINGTON/CHICAGO, Sept 5 Farm loan delinquencies rose to a record high in June at Wisconsin's community banks, data showed on Thursday, a sign President Donald Trump's trade conflicts with China and other countries are hitting farmers hard in a state that could be crucial for his chances of re-election in 2020.

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