The new mill represents a bet by U.S. Steel that demand will remain elevated for an extended time. The spot market price for sheet steel is nearly $2,000 a ton, up from less than $500 a ton during summer 2020.
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Businesses are paying at least four times more to move their products than they were last year and face longer delivery times. Contributing to the problem is that the top six container operators control more than 70 percent of all container capacity.
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Average medical cost per claim with early manual therapy was 27 percent lower than similar claims with late manual therapy.
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In a survey conducted by Lessiter Media’s Farm Equipment magazine exploring what drives farmers to choose shortline equipment over major brands, farmers gave the shortline industry high marks.
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To find more drivers, the company is advising delivery partners to prominently advertise that they don’t screen applicants for marijuana use.
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In Iowa, in one week, five counties broke records for price per acre on farmland. In at least one county, the record had only been standing for a week.
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Determining a solution means that the process, the data, and the criteria drove the outcome. It doesn’t mean that it was devoid of intuition or creativity but that your intuition was validated through the process.
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Mike Steenhoek with the Soybean Transportation Coalition said the provisions will “clearly enhance the competitiveness of U.S. agriculture.”
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The trade groups indirectly acknowledged that China has not met all of its purchasing commitments but encouraged the administration to negotiate over issues not included in Phase One.
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It saves time. The potential is unparalleled. You learn from speakers. You gain perspective that improves your operations. And when this madness in the industry ends, the relationships you form will keep you moving forward.
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Forty-six percent of employers say they are “more strongly” considering a vaccine mandate for employees. The latest data is a stark contrast to earlier sentiments.
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Transaction would create one of the largest privately-held dealership groups in the world and enhance Cervus’ ability to execute on its strategy of delivering best-in-class equipment and solutions to its customers
Read moreMuch is said of big agriculture and its grip on Washington. And farmers have, in recent history, punched above their weight. But the forecast is not promising.
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Ports contending with record-high volumes are causing delays, and those delays are contributing to ocean freight rates that have quadrupled.
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The shortage of semiconductor chips is contributing to what one dealer characterizes as a return to the “dark ages” in terms of yield data.
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There are about 7.1 million PPP loans that remain outstanding and about 6 million are for $150,000 or less. That is the category the SBA seeks to support with this program.
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In late May, executives from member companies talked to Ag Innovator magazine about their biggest battles and how they’re faring in the fight.
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By the start of 2020, Chinese owners controlled about 192,000 agricultural acres in the U.S., worth $1.9 billion. That’s less than farmland owned by people from other nations, but it represents a trend of increasing purchases.
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Regardless of the outcome, the president’s actions have turned the hot light of public opinion on the right-to-repair issue.
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Workers and jobs are mismatched because people have moved or opted for a new direction, and the openings often don’t line up with job seekers’ skills or ZIP codes.
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Courts and lawmakers are facing questions about whether workers’ comp should cover medical marijuana and whether a positive test for marijuana changes an employers’ responsibility to pay for workplace injuries.
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A right-to-repair advocate called the move “great news for everyone concerned with repair monopolies.” Dealer groups have pushed back against legislation on the same issue.
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The farm equipment sales index in June logged the greatest growth it has shown since 2012. This marked the seventh consecutive month of growth.
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Eighty percent of businesses that pay ransoms in cyber attacks experience a subsequent attack, often by the same perpetrator.
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Farm Equipment Manufacturers Association will close its office Monday in observance of Independence Day. At the heart of this holiday
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Some 1.4 million people were laid off or furloughed from February to April 2020. But as of May, manufacturers were trying to fill 851,000 positions—a record high for the industry and a 112 percent increase since last February.
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The world hasn’t seen such across-the-board commodity-price increases since the beginning of the global financial crisis, and before that, the 1970s. Corn, soybeans and wheat have jumped to their highest levels in eight years.
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The surge is the cost of freight is threatening to boost the price of products across virtually all sectors. One analyst suggests that the longer these extreme shipping freight rates last, the more companies will take measures to shorten their supply chains.
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In total, three banks, the SBA and manufacturer financing divisions lost $6.4 million because of the fraud.
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The task force will address the bottlenecks in the agriculture, construction, transportation and semiconductor sectors.
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How well your website ranks on Google’s search engine results pages will now be impacted by how well your website performs for users.
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A decade ago, farmers received 17.6 cents of each dollar spent on food by Americans.
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Analysts forecast that China, reclaiming its spot as the No. 1 customer, will account for $1 of every $5 in overseas sales this year.
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The attack on JBS threatens to disrupt food supply chains and further inflate food prices.
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The federal government’s Paycheck Protection Program closed to new applications Friday as funding was on track to be exhausted. The SBA said the program received 125,000 loan requests in its last 24 hours.
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Väderstad acquires US-based AGCO-AMITY JV LLC. Väderstad AB, one of the world’s leading companies in tillage, seeding and planting has
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Some larger employers have been offering hiring bonuses. But can small businesses afford the same? Thanks to a little-known federal tax program, the answer could be yes.
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Revisit an article published for members in summer 2020 on how the state of readiness is the cornerstone of success in industry. The author is leading a five-part series for the Association on achieving operational excellence.
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At least 19 states have decided to prematurely cut off the federal boost to regular state unemployment benefits in response to lackluster hiring numbers in spite of a need for workers.
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The USDA estimates the corn crop will sell for a season-average $5.70 a bushel, soybeans for $13.85, and wheat for $6.50. Those would be the highest farm gate prices since 2013 for corn and soybeans and the highest since 2014 for wheat.
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The market for advanced farming tools was estimated to be about $7 billion in 2020, and it’s projected to reach $12.8 billion over the next four years.
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Farmers expect a strong bottom line this year in spite of rising input costs. The data shows a greater willingness to buy equipment and attend in-person events.
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Only 5 percent of the world’s consumers live in the United States. Selling to exclusively domestic markets could significantly limit business potential.
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OSHA has changed its mind and says it now will issue Emergency Temporary Standards that employers will be expected to follow related to COVID-19 in the workplace. Final rules are expected in June.
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In survey results exploring farmers’ buying behaviors, researchers found that social media ranks low among strategies for shopping. Print catalogs fare as well as YouTube.
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David James will present a 30-minute virtual session April 28 on the legal questions emerging in the workplace around COVID-19. Contact Matt Rice to register.
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In other news, bankers reported that approximately 9.1 percent of farmland sales over the past the six months have gone to nonfarmer investors.
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Soybeans, trading near the highest levels since 2014, currently fetch almost four times the price of oats. That motivated a GM of a warehouse in Iowa to add oats to grains sold as wholly containing soybeans.
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The EEOC advises employers conducting background checks on candidates to weigh three factors: the nature and gravity of the offense, the time that has passed since conviction, and
the nature of the job sought.
Airports screened nearly 1.5 million passengers on Friday. That compares to about 621,000 on the same weekday last year and 2.5 million in 2019. The comparison offers a dramatic contrast in one year’s gain but brings into focus how far the industry has to go to be restored.
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