The Idaho dry bean industry will help Mexican growers through a severe seed shortage. Because of extreme weather conditions this year, Mexican dry bean growers are facing a severe shortage of certified seed, while Idaho's bean industry has an adequate supply because of over-production last year.
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The nation's fall potato crop was slightly larger than previously estimated, according to revised numbers from the National Agricultural Statistics Service. Fall potato production throughout the U.S. actually rose by 6 percent at 387 million hundredweight, and the 939,200 acres harvested throughout the country represented a 7 percent increase.
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USDA estimates that farmers will have 848 million bushels of corn on hand at the end of next summer. That would satisfy demand for fewer than 25 days. A 30 day supply is considered healthy.
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In this podcast, reporters and editors talk about some of the highlights in this week's edition of the Capital Press, including a judicial ruling that strikes at the heart of many agricultural cooperatives, new uses for wine waste, the factors pushing up cattle prices, and how a handshake led to booming business with the fast-growing chain Five Guys Burgers and Fries.
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Two investor groups are suing the federal government over new financial rules aimed at curbing speculation in the commodity market.
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Jerry Wright explained his task during his first stint as president and chief executive officer of the United Potato Growers of America in 2004 was to right a potato industry facing disaster caused by overproduction.
By helping growers embrace basic supply and demand principles, Wright, of Idaho Falls, believes his organization, which represents fresh growers, laid the groundwork for years of prosperity.
On Dec. 3, the Salt Lake City-based cooperative chose Wright to return to his former post, where he vows to refocus growers’ attention on those economic fundamentals.
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