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Below you'll find a list of all posts that have been categorized as “Economy”
Southeast producers suffering Hurricane Helene related damages and losses will soon receive indemnity payments under a federal crop insurance product. Last week, the U.S. Department of Agriculture (USDA) announced the counties that have triggered for payment under the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsement for Hurricane Helene. As a result, Approved Insurance Providers (AIP) have 30 days to issue payments …
Thousands of farmers could face severe penalties, including fines and jail time, if they do not meet a new federal reporting deadline. The U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) requires businesses, including many farms, to submit Beneficial Ownership Information (BOI) by January 1, 2025. A recent analysis from the American Farm Bureau Federation (AFBF) estimates that more …
The corporate earnings season continues this week. Mark Oppold looks at some of the companies expected to release that information as the week progresses. Sponsored ContentNuseed Carinata Covers New GroundOctober 1, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
The National Cattlemen’s Beef Association (NCBA) released a report analyzing data collected in a nationwide tax survey of America’s cattle producers. With the 2017 Tax Cuts and Jobs Act set to expire at the end of 2025, NCBA collected this survey data to better understand how key tax provisions, such as Death Tax relief and business deductions, impact family-owned cattle …
~ Preliminary Agricultural Damage Assessment Estimates Losses at $1.5 – $2.5 Billion ~ (FDACS/TALLAHASSEE, FL/October 17, 2024) — Florida Commissioner of Agriculture Wilton Simpson sent a letter to the United States Secretary of Agriculture formally requesting a U.S. Department of Agriculture (USDA) Disaster Declaration for Florida counties impacted by Hurricane Milton. Hurricane Milton caused catastrophic damage to Florida’s agricultural producers, compounding losses and …
If you are involved in agriculture, then you’re very aware of the economic struggles many are facing. If you are not involved in agriculture, you probably are not aware of those struggles. There are real concerns across the countryside right now when it comes to production agriculture in our country, and because of this, many are looking to Congress to …
It was announced this week that Protect The Harvest is suspending their operations. Mark Oppold has more details as to why this is happening. Sponsored ContentNuseed Carinata Covers New GroundOctober 1, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
McDonald’s has filed a lawsuit against Tyson Foods, JBS, and other major meat packing companies. The fast food chain is accusing the packers of colluding for years to limit beef supplies. The suit says that the collusion allowed the companies to boost their profits while forcing McDonald’s to pay inflated prices for their meat supplies. McDonald’s says the companies conspired …
Many traders are keeping a close eye on Wall Street this week. Mark Oppold looks at what a recent article noted about agricultural stocks. Sponsored ContentNuseed Carinata Covers New GroundOctober 1, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
(USDA/WASHINGTON, Oct. 15, 2024)Â — Agriculture Secretary Tom Vilsack announced additional assistance from the U.S. Department of Agriculture (USDA) to help producers impacted by Hurricane Helene in the recovery process. USDA is announcing the counties that have triggered for payment under the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsement for Hurricane Helene. As a result, Approved Insurance Providers (AIP) have 30 days …
