In another sign of the times, more ag companies have announced they are making cuts to navigate the economy.
John Deere has told Iowa that it is letting around 100 people go from its Waterloo Works plant come the new year. It is the latest in several layoffs by the company. During their latest earnings report, Deere said demand is down and they will continue adjusting to remain competitive.
Butterball is also handing out pink slips. The company will close its Jonesboro, Arkansas plant, putting nearly 200 people out of work. The plant will close in early February, with production transferred to another facility. Butterball’s CEO says it was a difficult decision, and they will work with afffected employees.
Related Stories
Dairy markets are improving, but large supplies still cap the upside.
Investment and access to capital remain critical for agriculture.
Strong ethanol exports support long-term growth in corn demand.
Roger McEowen of the Washburn School of Law discusses the lack of legal expertise in rural areas and a new program in Kansas aimed at addressing the issue.
Jake Charleston from Specialty Risk Insurance Agency recapped an Oklahoma auctioneer contest and recent industry events, showing how stakeholder feedback helps insurers gauge market conditions and risk management needs.
Pat Hord with the National Pork Producers Council joined us to recap producer meetings in Washington and discuss key policy priorities including Prop 12 and agricultural labor.
