Coming up on to minimize the damage from the latest HPAI outbreak.

# Higher inputs are replaced by another I-word in the I-states # as a cause of economic concern.

And an in-depth discussion # on an emerging market for U.S. commodities.

# And we'll have the commodity market # analysis of Ted Seifried next.

by chance.

It happens when researchers # and farmers work together to solve # tomorrow's agronomic challenges.

We're committed what's next.

Because at pioneer.

# our name is our mission.

Tomorrow, for over 100 years, we 've worked to help our customers be ready for tomorrow.

# Trust in tomorrow.

Information is available # from a Grinnell Mutual agent today.

# This is the Friday, November 10th edition of Market # to Market, the weekly journal of rural America.

# Hello, I'm Paul Yeager.

The National Turkey Federation # estimates 88% of Americans will consume Thanksgiving turkey # this year.

That translates to more than 46 # million birds.

Now, in the key # production areas, HPAI is again breaking out.

# But as David Miller reports, the size of the outbreak # is dramatically different than it was nearly a decade ago.

# In February of last year, high pathogenic # avian influenza returned to U.S. commercial flocks # after a several year hiatus.

Producers in Iowa, # one of the country's top poultry producing states, # have seen new cases in just the last few months.

# Mike Naig is Iowa's secretary of Agriculture.

# I don't think folks thought it was a surprise.

# I think we had done I think we all there was a constant threat.

And and as to the question # about whether or not our producers had been preparing # and whether we had been preparing, # the answer to that is ye outbreak, Iowa recorded 77 individual cases of HPAI, # that impacted nearly 3 million birds.

# Egg prices spiked as the virus rolled over the nation's number # one egg producing state.

Over the # past two years in Iowa, there have only been 41 cases # of avian flu, impacting just over 16 million birds.

# Now, what does that tell you?

That tells you # that farmers understoo Keep what's outside, outside and inside, inside.

# You shore up your buildings, you secure them.

# You think about protocols and the steps that every single day on a farm when you're moving in and out # and around buildings.

USDA helps # make producers whole by paying for a portion of the lost birds, # as well as the costs for cleaning # and disinfecting when the an The Iowa Department of Agriculture provides # for emergency response expenses like P Officials with the USDA say the chance of HPAI # infected poultry entering the food chain is extremely low # and that you cannot get avian flu from birds # that have been properly cooked.

Naig says the turkeys you se the grocery # of a shortage.

This is a constant # threat, as is African swine fever, # as is foot and mouth disease.

That is how we have to think of high path avian influenza.

That's the mindset # that our producers have to have.

That's the level of readiness # that we have to maintain here and at USDA is that # it could happen literally now at any time.

# For market to market, I'm David Miller.

# COVID 19 tangled supply # chains and rising inflation have been push by higher interest rates as the leading economic # sentiment influencer.

The benchmark interest rate # in October of 1981 was 15 and a quarter.

# The last time it was double digits was November of 1985, # and the last time the market was this high was early 2007.

# That cost to borrow money is where the rural economy # is focused for 2024.

As Peter Tubbs reports.

# Agricultural lenders see declines in 2020 for farm # profitability, according to a survey of lender # sentiment released this week.

Profitability is being viewe as likely for three quarters of borrowers in the current farm # year, and lenders believe that two thirds of borrowers # will be profitable in 2024.

The costs of rising interest # rates have become the largest concern for lenders, # replacing input costs, which dominated the balance # sheets of the farming sector.

In 2022.

And 2023.

# Strengthening economic growth in 2021 # and really even through 2022 and now this year # has been pretty good.