Tag: Exports

The next value-added market for Minnesota corn? Shrimp!

trū® Shrimp Systems, in the southwestern Minnesota town of Balaton, hopes to become the premier supplier of fresh shrimp to the United States. With their innovative technology, the world is their oyster — success here could open the door to the 1.6-billion-pound demand for shrimp in the United States.

It’s a billion-pound market and it’s a space corn producers have never been in before. Thanks to a grant from Minnesota Corn Research &

Read more >

Vietnam DDGS inspection team tours Minnesota farm and ethanol plant

A group of 13 trade delegates from Vietnam recently visited the farm of Harold Wolle in St. James, Minn., and the Poet Biorefining ethanol plant in Lake Crystal as part of a weeklong fact-finding tour. The group was impressed by the productivity of American farmers and agribusinesses, and they were reassured by seeing firsthand the quality of their products.

A major objective of the U.S. Grains Council (USGC), which helped organize the trade mission,

Read more >

Minnesota corn farmers encourage Congress to pass TPP in 2016

Did you know that agricultural exports provide over 20 percent of U.S. farm income and support one million American jobs? Or that one in every three farm acres is planted for export? Or how about the fact that for every $1 of agricultural exports, another $1.22 is generated in business activity, sending a positive ripple effect throughout the entire economy, especially in rural areas?

Yes, trade plays a major role in boosting the U.S.

Read more >

Next generation of Taiwan swine producers visits Minnesota corn farm, ethanol plant

A U.S. Grains Council (USGC) trade team of Taiwanese swine producers, government officials, researchers and association representatives got a firsthand look at Minnesota corn farming and ethanol production on Tuesday.

Harold Wolle, a fifth-generation family farmer and First Vice President of the Minnesota Corn Growers Association (MCGA), hosted the group at his family’s corn and soybean farm near St. James. Harold and his son Matthew answered the team’s questions related to marketing, quality,

Read more >

Study: Corn exports add $74.7 billion to the U.S. economy

Exporting corn and corn products doesn’t just help improve a farmer’s bottom line, it provides a jolt to the entire U.S. economy. A new study from Informa Economics concluded that the export of U.S. corn and corn products generated $74.7 billion in annual economic output in 2014.

Sales of all U.S. grain feed products contributed $82 billion. The U.S. gross domestic product was boosted by $29.8 billion thanks to the export of corn and corn co-products.

Read more >

Market drives planting intentions: Some stick with the tried and true while others try to reduce costs

Pestorious.2015-0693A quick (unscientific) survey of Minnesota corn growers reveals that the market is very much behind the decision-making process, but for some that means staying the course, while others seek means to lower their costs.

Myron ‘Mickey’ Peterson, who farms with four brothers in Sacred Heart, Minn., says they plan to stick with what has been working for them for a number of years: the same corn and soybean varieties, planted in a 50/50 rotation on about the same amount of land — roughly 3,000 acres among the five partners.

Read more >

Commodity Classic draws largest crowd ever down to the Big Easy

Written by Jonathan Eisenthal

Better farm prices are right around the corner and farmers, the eternal optimists, want to be ready.

So this year, at Commodity Classic — the annual gathering of the National Corn Growers Association, American Soybean Association, National Association of Wheat Growers and National Sorghum Producers — for the first time ever included the Association of Equipment Manufacturers, who brought an expanded trade show exhibition.

“You could spend a whole day and not get through it — it was maybe one-third bigger than previous trade shows,

Read more >