businesses

USDA and SBA Join Forces to Help Rural American Businesses

Dan Economy, Industry News Release

Ag Secretary Sonny Perdue and Small Business Administration chief Linda McMahon signed a Memorandum of Understanding on strengthening small businesses and the agricultural economies in rural America. They signed the MOU during a stop on Perdue’s “Back to Our Roots” tour in Ohio. The collaboration is designed to do several things, including enhancing investment opportunities in rural America. The organizations …

gate

Changes to GATE Good for Georgia Agriculture

Dan Economy, Georgia

Looking back at the 2018 Georgia Legislative Session, there were many positive points that came out of it for agriculture. Georgia Agribusiness Council President Bryan Tolar, says one of those included the changes made to the Georgia Ag Tax Exemption (GATE) program. Changes to GATE Good for Georgia Agriculture

bankers

Ag Bankers Report Shows Increase in Lending

Dan Economy, Industry News Release

Agricultural lending from U.S. banks increased nearly six percent in 2017, according to a new report by the American Bankers Association. Ag lending increased $5.9 billion to $106 billion last year from farm banks, which are defined as banks whose ratio of domestic farm loans to total domestic loans is greater than or equal to the industry average. Total farm …

ag economy barometer

Ag Economy Barometer Results for March

Dan Economy, Industry News Release

Farmers are expressing concerns regarding agricultural trade, according to the latest Purdue/CME Group Ag Economy Barometer. The barometer slipped to 135 in March, down five points compared to February, but unchanged from January’s results. The decline was attributed to farmers weakening perceptions of current conditions and a decline in their expectations for the future. The index surveys 400 producers each …

house farm bill snap

Conaway Says Democrats Wrong to Oppose SNAP Changes

Dan Economy, Industry News Release, Legislative

House Ag Committee Chair Mike Conaway says Democrats are not accurately portraying the changes he’s proposing to overhaul the Supplemental Nutrition Assistance Program(SNAP). Politico quotes Conaway as saying that Democrats on the committee will see the difference between what he’s proposing and “what they’ve been told Republicans are doing,” and will see the value in the idea. Conaway’s proposals include …

sba

SBA Deadline to Apply for Working Capital Loans in Alabama is May 1

Dan Alabama, Aquaculture, Economy, Industry News Release

The U.S. Small Business Administration (SBA) is reminding businesses in Alabama that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations affected by Tropical Storm Cindy with tornadoes and flooding on June 21-23, 2017. “Businesses that suffered economic losses as a result of the disaster and want to …

scott

Scott Signs Tax Cuts

Dan Economy

Governor Rick Scott signed 74 bills into law last Friday including the tax-cut package, HB 7087, which totals about $171 million in tax and fee cuts. The package authorizes many things, including tax breaks for farmers and ranchers who suffered damage in Hurricane Irma. It offers tax breaks on agricultural fencing materials purchased for repairs after the hurricane and includes …

broadband

Broadband Investment and Section 199A Tax Code Fix in Omnibus Applauded by Perdue

Dan Economy, Industry News Release, Technology

Broadband: U.S. Secretary of Agriculture Sonny Perdue applauded the robust investment of $600 million in rural broadband for the U.S. Department of Agriculture (USDA), which was included in the FY 2018 Omnibus Spending Package. The funding comes at a time when President Donald J. Trump is pursuing an ambitious agenda to rebuild America’s infrastructure, including a special emphasis on rural …

omnibus

Omnibus Spending Bill Also Contains Livestock “Fixes”

Dan Cattle, Economy, Industry News Release, Livestock

The U.S. Cattlemen’s Association was pleased to see that the omnibus appropriations spending bill released on Wednesday night has what it called “two common-sense solutions to regulatory overreach in the Fiscal Year 2018.” The spending bill includes a one-year delay of the Electronic Logging Devices mandate for livestock haulers. It also excludes livestock producers from the reporting requirements of the …