We told you yesterday that the U.S. Department of Agriculture is expecting exports to grow larger by $1 billion in 2017 with dairy exports taking up a big chunk of that growth. American dairy exports actually quadrupled from 2004 to 2014, and USDA economists have been looking into what caused that significant growth. Rod Bain has the story.
From the Alabama Farmers Federation:
Jimmy Parnell of Stanton in Chilton County was re-elected to a third two-year term as president of Alabama’s largest farm organization during the Alabama Farmers Federation’s 95th annual meeting in Montgomery this week. Five hundred delegates from all 67 counties voted in the business session. Read the rest of this entry »
U.S. farmers will see their net incomes drop in 2016 for the third consecutive year. The U.S. Department of Agriculture says weaker cash returns on livestock, poultry, and dairy farms will drive income down 17.2 percent to $66.9 billion this year. That forecast would be 46 percent lower than the record profits of $123.7 billion in 2013.
An article on Read the rest of this entry »
From the Florida Department of Agriculture and Consumer Services:
TALLAHASSEE, Fla.–The Governor and Cabinet today unanimously approved the preservation of 2,306 acres of environmentally sensitive agricultural land on the Clay Ranch in Putnam County, while allowing the land and agriculture operations to continue to contribute to Florida’s economy. The purchase is a part of the Rural and Family Lands Protection Program, which partners with Florida’s farmers and ranchers to preserve active agricultural operations and their Read the rest of this entry »
While much needed rainfall has been falling across Alabama and the Southeast the past few days, we by no means are seeing an end to the drought. And due to this, Dr. Billy Powell with the Alabama Cattlemen’s Association says his staff has been able to provide a lot of information on their website for producers
The U.S. Department of Agriculture is expecting exports to grow larger by $1 billion in 2017 with dairy exports taking up a big chunk of that growth. The latest USDA export projection report expects dairy to grow by $500 million dollars to $5.3 billion.
Other dairy-exporting countries are expecting to reduce their outputs in 2017 which will lead to higher prices around the globe and Read the rest of this entry »
China, Japan and Russia are racing to fill a leadership gap on trade issues following the recent U.S. fallout over the Trans-Pacific Partnership. The trade agreement took 12 nations seven years to negotiate, and U.S. President-elect Donald Trump pledges to end the deal on day one of his Presidency.
Trade experts agree the move opens the door for a new global trade leader to emerge. Without TPP, U.S. agriculture stands to Read the rest of this entry »
House Speaker Paul Ryan promises to provide regulatory relief during the next Congress. The Wisconsin Republican over the weekend used agriculture as an example of needing relief during a CBS 60 Minutes interview. He called regulatory relief his second priority, following a plan to repeal Obamacare. Ryan says he wants to have “smarter regulations” that can help grow jobs. He says: “We want to have good stewardship and conservation of the environment and economic growth.” For agriculture groups, the first priority when it comes to regulations is the Waters of the U.S. rule by the Environmental Protection Agency. Ryan’s comments put House leadership in line with President-elect Donald Trump as Trump opposes the rule. For now, the rule remains tied up in the federal court system facing dozens of lawsuits and is under a nationwide stay.
(From the National Association of Farm Broadcasters News Service)
Cattle producers have recently seen higher prices after a two-year price drop of more than 40 percent. An Ag Web dot com article says 750-800 pound steers brought $125.19 per hundredweight last month. Prices climbed to $134.38 last week. However, Blach said the rally may Read the rest of this entry »
Kubota Tractor Corporation announced last week it has begun construction on an important 617,865 sq. ft. expansion of its National Distribution Center here in the Southeast. It will all take place on the company’s existing property in Jefferson, Georgia, adjacent to the Kubota Industrial Equipment (KIE) facility off of I-85 North.