appropriations

Appropriations Bill Agreed Upon by Congress, Contains Section 199A “Fix”

Dan Economy, Industry News Release

The Hagstrom Report says congressional leaders have agreed on an omnibus appropriations bill to fund the government through September 30. It passed a House vote, 256-167, and is expected to pass in the Senate before the weekend. There may still need to be a short-term continuing resolution if any senators object to the bill. The bill does contain a fix …

trump

Trump: China Tariffs Will Total $50 Billion

Dan Economy, Industry News Release, Trade

President Donald Trump announced an estimated $50 billion in tariffs against Chinese imports today. Bloomberg says it’s a retaliatory move against intellectual property violations. The move will take effect on more than 100 different types of Chinese products. The overall value of the tariffs was based on economic estimates of the damage caused by those intellectual property violations. Last year, …

perdue

Perdue Comments Regarding Omnibus Spending Bill

Dan Economy, Industry News Release, Legislative

U.S. Secretary of Agriculture Sonny Perdue issued the following statement regarding the omnibus spending bill released by Congressional leaders: “The omnibus spending plan released last night contains a number of our priorities at USDA.  Fixing the so-called ‘grain glitch’ 199A problem is simply an issue of fairness. We should not be picking winners and losers through the federal tax code …

tax

NFU Concerned About Harmful Modifications to Section 199A

Dan Economy, Industry News Release

Congressional appropriators revealed an omnibus appropriations bill that includes significant and harmful modifications to an important tax break for farmers and agricultural cooperatives. The break is known as Section 199A, was included in last year’s tax overhaul, as a means of leveling the playing field between ag cooperatives and corporations who received a sizeable tax break in the legislation. The …

trade

SBA Economic Injury Disaster Loans Available in Alabama Following Secretary of Agriculture Disaster Declaration

Dan Alabama, Economy

The U.S. Small Business Administration (SBA) announced that federal Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations located in Alabama as a result of the drought that began on Jan. 30, 2018. The SBA’s disaster declaration includes the following counties: Bibb, Blount, Calhoun, Chilton, Coosa, Cullman, …

rural mainstreet

Rural Mainstreet Index Remains Positive

Dan Economy, Industry News Release

Dodd-Frank Limits Lending for Most Rural Banks March Survey Results at a Glance: *  For a second straight month the overall index rose above growth neutral. *  Approximately 16.8 percent of grain farmers are expected to suffer negative cash flow for 2018. This is down slightly from 12 months earlier. * The percent of farmland purchases for cash (not financed) declined …

farm bureau

Farm Bureau Compares Crop Insurance to Ad Hoc Disaster

Dan Economy, Field Crops, Industry News Release

As Congress continues preparation for the 2018 Farm Bill, rural America continues to voice its support for maintaining a strong crop insurance system. One of the loudest voices in that chorus belongs to the country’s largest farm organization, the American Farm Bureau Federation. An active member of the crop insurance coalition, Farm Bureau is working hard to dispel myths about …

scott

Key Farm Groups Like Co-op Tax Fix

Dan Economy, Industry News Release

The National Council of Farmer Cooperatives and the National Grain and Feed Association are both in favor of a legislative proposal that would fix an unintended consequence of the Republican tax overhaul. The changes to tax law give huge tax breaks to farmers who sell their goods to cooperatives over other types of businesses. Politico says congressional leaders want the …

early

Early Stage Ag Tech Investments Up 29 Percent

Dan Economy, Industry News Release

Investments in the early stages of agricultural technology in 2017 increased 29 percent, compared to 2016. AgFunder, a self-proclaimed online investment marketplace for agricultural technology, reports early stage investment in agriculture tech startups reached $10.1 billion in 2017, up 29 percent. The increase reverses a downward trend seen in 2016, when agriculture tech investing dropped nine percent to $7.8 billion …