The World Trade Organization (WTO) has now officially ruled in favor of the U.S. in a complaint related to Chinese subsidies for agricultural products. The WTO dispute settlement panel found that China exceeded international standards for farming support, causing trade distortion and creating artificial pricing for wheat and rice. The ruling was expected to go in favor of the U.S. …
Trump Budget Proposal to Include USDA Cuts
The Trump 2020 budget proposal will include “big cuts” to the Department of Agriculture, according to Agriculture Secretary Sonny Perdue. The budget request will propose cutting non-defense programs by five percent. However, Politico reports USDA is likely to face steeper budget cuts. Perdue noted that Congress usually disregards the president’s budget request, which in recent years has unsuccessfully called for …
Coalition Asks Congress to Safeguard Crop Insurance
A coalition of more than 50 farm groups is asking lawmakers to safeguard crop insurance. The organizations, including the American Farm Bureau Federation, warned in a letter to top-ranking House and Senate budget leaders this week that “An overreliance on budget savings from the agriculture community and from crop insurance will unquestionably undermine rural economies.” 2018 farm profitability is expected …
Peanut Loan Deadline is Thursday
The deadline to place peanuts in the loan is Thursday, February 28. Tyron Spearman has the details. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Bipartisan Senators Introduce Major Disaster Relief Package
President Trump Drives Effort For Disaster Relief Funding U.S. Senators David Perdue (R-GA), Johnny Isakson (R-GA), Doug Jones (D-AL), Marco Rubio (R-FL), Rick Scott (R-FL), Tim Scott (R-SC), Thom Tillis (R-NC), and Dan Sullivan (R-AK) introduced a bipartisan disaster relief package with the backing of President Donald J. Trump. President Trump, working with this bipartisan group of senators, has confirmed …
Ag Lenders Say Farmers Depend on Off-Farm Income
The chief economist for the American Farm Bureau Federation says the worst threat to farmers currently is a general economic recession. It’s because so many farmers have now become dependent on off-farm income to make ends meet and stay in operation. Farm Bureau’s Chief Economist, John Newton, spoke during a panel of ag economists’ discussion at the Crop Insurance Industry …
Deadline Nearing for Spring Crop Insurance Sign-Up
Farmers should note that important sign-up deadlines are coming up in the next few weeks for insurance coverage of spring planted crops. And as Rod Bain reports, a new endorsement is among the insurance offerings producers can consider. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farmland Values Stable, but Risks to Outlook Remain
Farmland values in the Federal Reserve’s Tenth District held steady in the fourth quarter of 2018 despite risks to ongoing stability, according to the Kansas City Fed’s quarterly Agricultural Credit Survey. While demand for farmland remained relatively strong across the district, weaknesses in the crop sector continued to dampen the overall agricultural economy. The report says that risks to the …
Farm Income Down 20-Straight Quarters
The Midwest and the Mid-South parts of the country saw farm income decline in the fourth quarter of 2018. In spite of the pressure on farm incomes, the value of quality farmland, ranchland, and pastureland rose. Those observations come from the latest Agricultural Finance Monitor, which is published by the Federal Reserve Bank of St. Louis. The 22 agricultural banks …
Georgia Gov. and Ag Commissioner Request Swift Fulfillment of Promises Made to Producers
A letter sent by Georgia Agriculture Commissioner Gary Black and Governor Brian Kemp to Senator David Perdue about concerns over the pace of federal relief efforts for the citizens of southern Georgia affected by Hurricane Michael on Oct. 10, 2018: The Honorable David PerdueUnited States Senate455 Russell Senate Office BuildingWashington, D.C. 20510 Dear Senator Perdue: We are compelled by necessity …