Below you'll find a list of all posts that have been categorized as “Economy”
Some things to consider when purchasing a tractor for your homestead. That’s coming up on This Land of Ours. A tractor is an incredibly useful tool. But not all tractors are created equal, so the prospect of picking a tractor out, let alone deciding if you should buy one, can be overwhelming. Owning your own tractor and implements means you …
Supplies of broilers and their products are lower than a year ago, but demand is growing. And according to a story from Gary Crawford, broilers and broiler products are fetching very high prices right now.
Land sales activity was flat the past few years, but that may soon change. The lower supply of farms for sale has been one of the factors that supported land values after the 2013 peak in prices paid for ag land. But Farmers National Company reports seeing indications for increased land sale activity through to the end of 2021. Farmers …
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, …
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 …
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 …
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 …
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, …
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 …
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 …
