
This Week in Agribusiness: Feb. 1, 2025This Week in Agribusiness: Feb. 1, 2025
This Week in Agribusiness examines the Corporate Transparency ACT as it stands. Talks with Pedro Dejneka about the grain markets including the upcoming Brazil soybean harvest and he learns a little about Pulse crops and finds out how farmers can prepare for planting season now.
February 1, 2025
Mike Pearson finds out what is next for the Corporate Transparency Act, the grain markets as Brazil prepares for the soybean harvest this month and how to prepare for #plant25 with someone from Corteva Agriscience.
Pearson talks with Will McKinley, of the Menn Law Firm, LTD. The Corporate Transparency Act if enforced will require business entities to report who owns them and how is in control of them.
McKinley described the federal bill as an information gathering law. It has created a lot of confusion and it passes through the courts and has many farm owners questioning what needs reported and what doesn't. HE added that it's currently on a pause as the courts decide if it should be law but farmers should prepare for it and have the information ready if it gets the go ahead.
Next on the agenda was Pedro Dejneka, of MD Commodities. He recently visited Brazil and found out some farmers will definitely have a big harvest in February. He also discussed planting corn and cotton which will go in the ground after the harvest.
He also talked about the $5 corn for May and says farmers can't ignore the price due to risks in the market.
Greg Soulje is in with a weather forecast for the week.
Pearson also spoke with Tim D. McGreevy, CEO, USA Pulses, about pulse crops. This includes peas, lentils, chick peas and dry beans. McGreevy says he is visiting Washington D.C. to meet with the new presidential administration and find out about new opportunities for pulses. He hopes to find more research money and make them more sustainable. The goal is double the pulse crop consumption and processing in the USA.
Planting for most of the country is right around the corner. Pearson talks with Jeff Moon, a Marketing Development Specialist, Corteva Agriscience, about the first step for #plant25, which is a soil test to develop plans for the next season. He reminded farmers it's a need for a baseline to find out what is needed to succeed. He says the next step is nutrient management and weed control and ordering what is needed so it's ready to go in for farmers to get the most out of investments.
Greg is back with an extended weather outlook.
Next, Pearson talks with Eric Braun, Senior Executive Content for Farm Progress, about a new column he is writing, "Fitness by the Bushel." It's about working to ensure farmers stay physically healthy.
There's a 1972 International 1466 in Max's Tractor Shed. The tractor was restored by the family of Dave, James and Eli Fred in Rochester, Ind.
Mark Stock shares the lineup for BigIron Auctions.
The FFA tribute this week goes to Gavin Rhode, the Missouri State FFA Secretary. They talk about Gavin's involvement in the seed stock business. Rhode talks about his involvement in showing cattle and leading his FFA chapter. He hopes he finds a job in the animal nutrition industry in the future.
In the ag tech segment, Chad Colby takes a look at a new technology aimed to prevent overloading trailers when there is no scale available. It's often common practice for farmers and truckers to use judgement when it comes to overloading on farms. However, a new product has a better way.
Blue Ink Technology, has created an air scale that attaches to the leveling valve. The line is cut and the sensor is installed. It takes 30 seconds to install. Then a farmer takes the QR Code on the box and uses an app on the phone to tie the sensor to the truck and trailer.
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.
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