record

Record Florida Budget Awaits Governor’s Approval

Dan Economy, Florida, Legislative

When the 2021 Florida Legislative Session wrapped up last Friday, it capped off a session where lawmakers passed a record $101.5 billion budget for the upcoming fiscal year that starts July 1. According to the News Service of Florida, with the Covid-19 pandemic severely damaging the state’s economy last year, lawmakers feared they could face a multibillion-dollar budget shortfall. But, …

ag economy

Ag Economy Barometer Mostly Unchanged from April

Dan Agri-Business, Economy

The April Ag Economy Barometer was 178, virtually unchanged from a month earlier. Last month, the index stood at 177, and just five points below its all-time high of 183 set back in October. Compared to March, however, there was a small change in producers’ perspective on the ag economy as they became more optimistic about the future, while their …

tax policy

NCBA Stands Ready to Fight for Sound Tax Policy

Dan Cattle, Economy, Legislative

We are hearing more reactions about the Biden Administration’s American Families Plan, especially concerning the several provisions of the tax code meant to raise approximately $1.5 trillion in revenue over the next 10 years. This week, the National Cattlemen’s Beef Association (NCBA) noted they have long advocated for sound tax policy for rural America. “Family-owned cattle operations, no matter the size, are …

seeds

Ag Businesses Report Favorable First Quarter Earnings

Clint Thompson Economy

Earning reports topped headlines on Wall Street this week, and agriculture businesses seem to be doing well. Syngenta reported first-quarter sales of $7.1 billion, up 20% for the same period last year. BASF reported first-quarter sales were up 16% to 19.4 billion euros, or $23.52 billion. AGCO reported sales for the first quarter were approximately $2.4 billion, an increase of …

alico

Florida Buys 5,734 Acres From Alico

Dan Citrus, Economy, Florida

The state of Florida recently purchased approximately 5,734 acres of Alico Ranch for $14.4 million from Alico, Inc. The purchase was made under the Florida Forever program, pursuant to an option agreement between the state and the company earlier this fiscal year. “This is now the third sales transaction we have completed with the state of Florida within the last three years, …

insurance

USDA Improves Livestock Crop Insurance Policies with New Options

Dan Cattle, Dairy, Economy, Livestock, USDA

The U.S. Department of Agriculture (USDA) has announced they are updating livestock insurance policies to improve options for producers and to create more opportunities for producers to participate. USDA’s Risk Management Agency’s (RMA) has made updates to the Dairy Revenue Protection (DRP) and Livestock Gross Margin (LGM) policies. These updates will be effective for the 2022 and succeeding crop years. Updates to …

water quality

Financial Assistance Helps Ag Producers in Florida Improve Water Quality

Dan Economy, Environment, Florida, Irrigation, USDA-NRCS, Water

Agricultural producers in select watersheds in Florida can apply for financial assistance from USDA’s Natural Resources Conservation Service (NRCS) until May 31 to improve water quality in coastal waters. The lower Suwannee watersheds are Long Pond and Long Pond Slough in Levy County and the North Old Town Hammock watershed in Gilchrist and Dixie counties. If landowners show interest, NRCS proposes funding …