What the Budget Bill Means for Farmers and Ranchers

Dan Economy, Industry News Release, Legislative

The disaster assistance spending measure has been watched carefully by producers who were hit hard by natural disasters. Producers in California, Florida, Texas, and even Puerto Rico lost crops and livestock because of wildfires and hurricanes last year. Politico says America’s dairy and cotton producers also have been looking for subsidy increases because of a serious economic downturn. The bill …


Ag Committee Leaders Praise Bipartisan Budget Act

Dan Economy, Industry News Release, Legislative

Senate Ag Committee Chair Pat Roberts says the Bipartisan Budget Act passed in both chambers of Congress benefits Americans in many ways. It avoids a government shutdown, raises military funding, contains disaster assistance for several states that were hit hard by natural disasters, and improves livestock assistance programs. Roberts says, “In addition to disaster assistance for states hit hard by …

budget farm bill

Two-year Budget Deal Key for Agriculture

Dan Economy, Florida, Industry News Release

The two-year budget deal passed by Congressional leaders is key for agriculture, including farm program fixes, disaster aid and tax break extenders. American Farm Bureau budget adviser, RJ Karney, looks at some of the key program fixes needed to write the next farm bill. Two-year Budget Deal Key for Agriculture-1 Karney says AFBF and Ag Committee leaders were also behind …

august creighton mainstreet index

Highlights From the February 2018 Farm Income Forecast

Dan Economy, Industry News Release

Farm Sector Profits Expected To Decline in 2018 Net farm income, a broad measure of profits, is forecast to decrease $4.3 billion (6.7 percent) from 2017 to $59.5 billion in 2018, the lowest net farm income level in nominal dollar terms since 2006. Net cash farm income is forecast to decrease $5.0 billion (5.1 percent) to $91.9 billion, the lowest …


Canada Offering Livestock Producers Tax Relief

Dan Beef, Cattle, Economy, Industry News Release, Livestock

The Government of Canada Wednesday released the final list of designated regions where livestock tax deferral has been authorized for 2017 due to drought, flood or excess moisture. In November, Agriculture and Agri-Food Canada announced the initial list of designated regions in British Columbia, Alberta, Saskatchewan and Quebec, for livestock tax deferral purposes. But, the agency says ongoing analysis has …


January Ag Economy Barometer Results

Dan Economy, Industry News Release

The Purdue University-CME Group Ag Economy Barometer turned higher for January, showing some optimism among farmers and ranchers. After trending lower in late 2017, the monthly survey of 400 agricultural producers from across the U.S. indicated that the measure of producer sentiment climbed to 135 points at the beginning of 2018, up nine points from December’s 126. Organizers say the …

rural mainstreet

Rural Mainstreet Index Declines

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index declined slightly in January from December’s weak reading, remaining below growth neutral. However, organizers say the monthly survey of rural bank CEO’s in the Midwest is significantly higher than the reading for January 2017. The index, like all indices in the survey, ranges between zero and 100 with 50 representing growth neutral, fell to …