august creighton mainstreet index

August Rural Mainstreet Index Rises, Ag Worries Remain

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index climbed above growth neutral in August for a seventh straight month. The monthly survey of bank CEO’s in ten Midwestern states climbed to 54.8 from 53.8 in July. The index ranges between 0 and 100 with 50.0 representing growth neutral. Organizer Ernie Goss says recent surveys show the Rural Mainstreet economy is expanding outside …

tariffs

Tariffs Impacting Ag Equipment Manufactures, Dealers

Dan Economy, Industry News Release, Trade

A survey by the Association of Equipment Manufacturers finds steel and aluminum tariffs are harming the industry. The survey, primarily focused on the current new equipment inventory levels, shows both dealers and manufacturers are aware of the potential effect of steel and aluminum tariffs on the industry. The survey found that overall, new inventory numbers are favorable, when traditionally dealers …

usda

USDA to Implement Regulatory Reforms to Increase Access to Capital in Rural Areas

Dan Economy, Industry News Release

Assistant to the Secretary for Rural Development Anne Hazlett announced that USDA is hosting listening sessions to solicit feedback on a plan to increase access to capital in rural areas by streamlining regulations for four Rural Development loan guarantee programs. “At USDA, we know that for many rural communities the regulations that govern our programs can be outdated and difficult to …

ag economy

Ag Economy Barometer improves in August

Dan Economy, Industry News Release

The Ag Economy Barometer rebounded in August to a reading of 129 after falling to 117 in July. However, producer sentiment remains well below its late spring readings of 141 in May and 143 in June. Organizers say the shift occurred primarily because producer’s perception of current conditions improved as the Index of Current Conditions increased to a reading of …

trade mitigation

USDA Launches Trade Mitigation Programs

Dan Cattle, Citrus, Economy, Exports/Imports, Field Crops, Industry News Release, Livestock, Trade

U.S. Secretary of Agriculture Sonny Perdue launched the trade mitigation package aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations.  Producers of certain commodities can now sign up for the Market Facilitation Program (MFP), while USDA will also begin to purchase identified commodities under a food purchase and distribution program.  Additionally, USDA has begun …

market

Simplicity the Goal for Market Facilitation Program Sign-Up

Dan Economy, Field Crops

Sign-up for the U.S. Department of Agriculture’s (USDA) Market Facilitation Program officially starts today, Sept. 4. The $12 billion package was put together to cover three phases. The first phase includes payments to producers, the second phase has USDA’s Agricultural Marketing Service administering a Food Purchase and Distribution Program to purchase commodities targeted by “unjustified” retaliation, and the third phase …

dairy

Dairy Farms Turning to GoFundMe to Stay in Business

Dan Dairy, Economy, Industry News Release

The wife of a Wisconsin dairy farmer started a GoFundMe page to help their family farm survive. With a goal of $35,000, the story made national headlines over the weekend, and as of Tuesday, donations have reached $90,000. In her message, the wife was “asking for help to keep our small family dairy farm going.” The family farm recently went …