The two-year budget deal passed by Congressional leaders is key for agriculture, including farm program fixes, disaster aid and tax break extenders. American Farm Bureau budget adviser, RJ Karney, looks at some of the key program fixes needed to write the next farm bill. Two-year Budget Deal Key for Agriculture-1 Karney says AFBF and Ag Committee leaders were also behind …
Georgia Bill Contains Changes to GATE
More discussions took place this week in the Georgia General Assembly concerning the Georgia Ag Tax Exemption (GATE) program. Bryan Tolar, Georgia Agribusiness Council president, says a new bill does contain changes to GATE. Georgia Bill Contains Changes to GATE Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Highlights From the February 2018 Farm Income Forecast
Farm Sector Profits Expected To Decline in 2018 Net farm income, a broad measure of profits, is forecast to decrease $4.3 billion (6.7 percent) from 2017 to $59.5 billion in 2018, the lowest net farm income level in nominal dollar terms since 2006. Net cash farm income is forecast to decrease $5.0 billion (5.1 percent) to $91.9 billion, the lowest …
USDA Projects 2018 Farm Income to Fall
While it may be a bit early to know what will happen with farms and farmers in 2018, USDA has just put out its early farm income forecast for this year. Gary Crawford has the details. USDA Projects 2018 Farm Income to Fall Sponsored ContentNuseed Carinata Covers New GroundAugust 29, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in …
Canada Offering Livestock Producers Tax Relief
The Government of Canada Wednesday released the final list of designated regions where livestock tax deferral has been authorized for 2017 due to drought, flood or excess moisture. In November, Agriculture and Agri-Food Canada announced the initial list of designated regions in British Columbia, Alberta, Saskatchewan and Quebec, for livestock tax deferral purposes. But, the agency says ongoing analysis has …
Farmers Union Launches Farm Bill Campaign
American family farmers and ranchers are enduring the worst economic slide in generations, and they need Congress to pass a Farm Bill in 2018 to strengthen the farm safety net. In order to educate the general public and to generate support for a Farm Bill to be passed this year, National Farmers Union (NFU) and Farmers Union state divisions have …
January Ag Economy Barometer Results
The Purdue University-CME Group Ag Economy Barometer turned higher for January, showing some optimism among farmers and ranchers. After trending lower in late 2017, the monthly survey of 400 agricultural producers from across the U.S. indicated that the measure of producer sentiment climbed to 135 points at the beginning of 2018, up nine points from December’s 126. Organizers say the …
Rural Mainstreet Index Declines
The Creighton University Rural Mainstreet Index declined slightly in January from December’s weak reading, remaining below growth neutral. However, organizers say the monthly survey of rural bank CEO’s in the Midwest is significantly higher than the reading for January 2017. The index, like all indices in the survey, ranges between zero and 100 with 50 representing growth neutral, fell to …
Farmers National Company Reports Increase in Land Listings, Price
While research suggests that there has been less farm and ranch land for sale than usual over the past few years, Farmers National Company is reporting a 50 percent increase in listings. Experts say the industry is experiencing a post-harvest bump in land prices in most grain producing areas, meaning that with above average crop yields in most locations, farmer …
Ag Lending and Interest Expense Increasing for Farmers
Farm lending at commercial banks increased during the fourth quarter of last year. Demand for all types of loans, except for farm machinery and livestock, increased significantly over 2016. Operating expenses continue to make up the majority of loan originations. Loans for livestock made up over a quarter of all new non-real estate loans. The total value of operating and …