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Farmers across the Midwest have boosted crop sales as corn and soybean futures spiked after the U.S. Department of Agriculture slashed its 2024 harvest estimates on Friday, grain dealers in Iowa ...
The company was founded in 1946 as the Central Farmers Fertilizer Company, a federation of regional agricultural supply cooperatives. [5] The company became CF Industries in 1971. [4] CF demutualized in 2002 and made an initial public offering of shares of equity stock in 2005. [5]
Later, the core cooperative company became Cenex, from the combination of the last two words in its previous name. In 1998, Cenex merged with Harvest States Cooperatives. Harvest States was the product of a 1983 merger between North Pacific Grain Growers (formed 1929) and the Farmers Union Grain Terminal Association (formed 1938).
Two major price volatility crises in the early 21st century, during the 2007–2008 world food price crisis and 2022 food crises, have had major negative effects on grain prices globally. Climate change is expected to create major agricultural failures , that will continue to create volatile food price markets especially for bulk goods like grains.
In northern Illinois, farmers could lose $140 per acre on average for corn and $30 an acre for soybeans with autumn delivery prices of $4.50 and $11.50 a bushel, respectively, the analysis showed.
Railroad grain elevator facilities (2014) 110 or greater grain car 100 to 109 Less than 99 Announced facility (2014) Map of U.S. states in the Corn Belt The Corn Belt is a region of the Midwestern United States and part of the Southern United States that, since the 1850s, has dominated corn production in the United States.
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The organization's legal name is the Illinois Agricultural Association. The IFB was founded in 1916 by a group of farmers who met at the University of Illinois to discuss the need for agricultural education, better information for farmers, and more effective farming practices. Modernly, the IFB represents two out of three Illinois farmers.