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Below you'll find a list of all posts that have been categorized as “Economy”
(NSF/TALLAHASSEE/Feb. 16, 2022) — What would be a record $105.3 billion spending plan bolstered by federal stimulus money was approved Wednesday by the Florida House, helping set up negotiations with the Senate on a final budget for the 2022-2023 fiscal year. The House voted 102-14 to approve the proposal (HB 5001), after Democrats objected to shifting $200 million away from …
During the recent National Peanut Buying Points Association meeting, one speaker discussed the five c’s of credit. Tyron Spearman has the story.
According to the latest data from the Association of Equipment Manufacturers (AEM), overall ag tractor sales in the U.S. continued rising into January, while combine harvesters slowed for the month. U.S. total farm tractor sales gained 1.5 percent in January compared to 2021, while U.S. self-propelled combine sales for the month fell 41.4 percent to 205 units sold. The 100 …
Data from USDA’s Economic Research Service details the increase in fertilizer prices. Fertilizer represents an average of 36 percent of a farmer’s operating costs for corn, 35 percent for wheat, and 30 percent for sorghum, according to estimates by USDA. Fertilizer prices declined from 2014 through 2017 before a gradual increase in 2019. In late 2021, prices began to spike …
During a recent conference, an ag economist said the economy is on a slowdown. Tyron Spearman has a story explaining how this may affect the peanut industry.
A Wells Fargo economist predicted a rosy future ahead for American commodities during the next several years. Michael Swanson says the only thing that could seriously derail that prediction is the weather. The Hagstrom Report says Swanson spoke at the Crop Insurance and Reinsurance Bureau’s annual meeting. He says, “Life is good now, and the prices should remain high up …
During last week’s Cattle Industry Convention, CattleFax held their outlook seminar noting cattle price and profitability trends are pointed in the right direction. Kevin Good, vice president of industry relations and analysis at CattleFax, notes this is despite the challenges and uncertainty brought on by Covid. And every cattle producer wants to know what the market outlook is. He said they think …
The U.S. Department of Agriculture (USDA) has extended the deadline to enroll in Dairy Margin Coverage (DMC) and the new Supplemental Dairy Margin Coverage (SDMC) for 2022. ?The new deadline to apply is March 25, 2022. USDA’s Farm Service Agency (FSA) opened DMC and SDMC signup in December 2021 to help producers manage economic risk brought on by milk price and …
In January, the USDA Natural Resources Conservation Service (NRCS) announced up to $225 million will be made available for conservation partners through the Regional Conservation Partnership Program (RCPP). It is a partner-driven program that leverages collective resources to find solutions to address natural resource challenges on agricultural land. NRCS Chief Terry Cosby notes this year’s funding announcements include opportunities for projects that address climate …
(Tallahassee, FL/January 24, 2022) — Florida Agriculture Commissioner Nikki Fried welcomed the news from the U.S. Department of Agriculture (USDA) that it has designated Dixie and Gilchrist counties as primary natural disaster areas eligible for Farm Service Agency (FSA) emergency loans to help producers impacted by Tropical Storm Elsa in July 2021 recover. “While we were fortunate that the 2021 hurricane season was relatively quiet for Florida, all three storms that made landfall in the …
