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Below you'll find a list of all posts that have been categorized as “Economy”
North Dakota Republican John Hoeven and Montana Democrat Jon Tester introduced bipartisan legislation in the Senate to improve livestock disaster assistance. The Hagstrom Report says the bill is designed to accomplish several things, including aligning coverage between the Livestock Forage Program (LFP) and Emergency Livestock Assistance Program (ELAP). It will also increase producer assistance under LFP to compensate them more …
We’ve reported before how the interest in buying agricultural land has been growing after the COVID-19 slowdown blanketed the land market in 2020. And the value of that land continues to climb as well. Rod Bain has a story looking at the reasons behind a substantial year-over-year increase in agricultural land values. According to Farmers National Company, individual investors, both first-time, …
Gains in larger and four-wheel-drive tractors offset smaller declines in the sub-40 horsepower range in the U.S. in July. The Association of Equipment Manufacturers says U.S. total farm tractor sales fell 0.8 percent in July compared to 2020, while U.S. combine sales jumped 19.2 percent. The articulated four-wheel drive segment led the way for the third straight month by climbing …
Tuesday, the U.S. Senate passed the bipartisan Infrastructure Investment and Jobs Act (IIJA), which includes investments of importance to many areas of agriculture. One group pleased to see this passage is the National Cattlemen’s Beef Association (NCBA). And during this week’s Cattle Industry Convention and NCBA Trade Show in Nashville, Tennessee, NCBA Sr. Executive Director of Government Affairs, Danielle Beck, explained to Southeast AgNet’s Randall Weiseman why …
Many in agriculture announced their pleasure with the U.S. Senate passed this morning of the bipartisan Infrastructure Investment and Jobs Act (IIJA). The bill includes investments of importance to many areas agriculture. Agriculture Secretary Tom Vilsack on the Bipartisan Infrastructure Investment and Jobs Act (WASHINGTON, August 10, 2021) — Agriculture Secretary Tom Vilsack released the following statement following Senate passage of the Bipartisan Infrastructure Investment and Jobs …
Cargill and the Continental Grain Company Monday announced a joint-venture agreement to acquire Sanderson Farms, the third-largest poultry producer in the U.S. The all-cash purchase totals $4.53 billion, or $203 per share, a 30.3 percent premium to Sanderson Farms’ share price of $155.74 on June 18, 2021. Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary …
The June margin under the Dairy Margin Coverage (DMC) program dropped 65 cents from May’s margin to $6.24/cwt, which will generate a June payment of $3.26/cwt for the $9.50/cwt coverage. The DMC feed cost calculation for June was lower by $0.16/cwt of milk from May, mostly on lower soybean meal prices, while the June U.S. average all-milk price took a …
The Purdue University/CME Group Ag Economy Barometer leveled off after two months of sharp declines. The July reading is 134, down only three points from June. Both producers’ sentiment regarding current and future conditions also dropped. The Index of Current Conditions dropped six points to a reading of 143, primarily due to weaker crop prices. The Index of Future Expectations …
The Senate Ag Appropriations Committee approved a $25.85 billion fiscal-year 2022 bill for the Agriculture Department and related agencies, including $7 billion in disaster aid. Subcommittee Chair Tammy Baldwin of Wisconsin says the bipartisan legislation is a product of Democrats and Republicans working together to support a stronger and more resilient ag economy that works for farmers, ranchers, and families …
This week, the U.S. Department of Agriculture Risk Management Agency (USDA-RMA) announced they were authorizing Approved Insurance Providers (AIP) to extend crop insurance deadlines to help producers due to the widespread drought. RMA Acting Administrator Richard Flournoy says this relief is nationwide. Producers now have additional time to pay premium and administrative fees, and interest will be waived for 60 days or …
