Agricultural lending from U.S. banks increased nearly six percent in 2017, according to a new report by the American Bankers Association. Ag lending increased $5.9 billion to $106 billion last year from farm banks, which are defined as banks whose ratio of domestic farm loans to total domestic loans is greater than or equal to the industry average. Total farm …
Ag Economy Barometer Results for March
Farmers are expressing concerns regarding agricultural trade, according to the latest Purdue/CME Group Ag Economy Barometer. The barometer slipped to 135 in March, down five points compared to February, but unchanged from January’s results. The decline was attributed to farmers weakening perceptions of current conditions and a decline in their expectations for the future. The index surveys 400 producers each …
Legislative Session Brings Good News for Farmers, Rural Alabama
Farmers and rural families will benefit from actions during the 2018 Regular Session of the Alabama Legislature, which saw bills pass aimed at improving broadband access, irrigation, agricultural education and the clarity of tax laws. Alabama Farmers Federation President Jimmy Parnell thanked legislators for recognizing the importance of agriculture and forestry — the state’s largest industry. “This was one of …
USDA Highlights Feedback from Stakeholders in Review of Livestock Mandatory Reporting Program
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) submitted a Report to Congress that reviews the Livestock Mandatory Reporting (LMR) Program and includes feedback from a broad range of stakeholders. The program gets its authority through the LMR Act of 1999, which must be reauthorized by Congress every five years, and the most recent reauthorization was in 2015. …
USDA Reopens Enrollment for Improved Dairy Safety Net Tool
Bipartisan Budget Act Makes Substantial Program Changes U.S. Secretary of Agriculture Sonny Perdue is encouraging dairy producers to consider enrolling in the new and improved Margin Protection Program for Dairy (MPP-Dairy), which will provide better protections for dairy producers from shifting milk and feed prices. With changes authorized under the Bipartisan Budget Act of 2018, the U.S. Department of Agriculture’s (USDA) Farm …
DTN Poll Shows Farmers Becoming More Positive
Farmers are becoming more positive regarding their current situations, and the future. The DTN/The Progressive Farmer Agriculture Confidence Index finds farmers are increasingly indicating a positive outlook. The index reached its third highest level ever recorded in its latest survey, reaching 134.8, up almost 22 points from the December/January level and slightly above the overall level of spring 2017. The …
Farmers Outline Harm from GIPSA Withdraw
A lawsuit brief filed on behalf of poultry farmers details the alleged harm from the Department of Agriculture’s GIPSA rule withdrawal. The Organization for Competitive Markets claims the Trump administration and Agriculture Secretary Sonny Perdue sided “with big ag over small farmers,” saying the GIPSA final rule would have helped level the playing field between farmers and agribusiness. In the …
Trump Administration to Revise EPA CAFE Standards
The Trump administration Monday announced it will revise fuel-efficiency and emissions regulations for cars and light trucks. Bloomberg News was the first to report the revision effort that the administration says is needed because the current regulations are too aggressive. The Environmental Protection Agency is also considering revoking a waiver for California to allow the state to set its own …
U.S. Dairy Export Council Seeks Market Growth in China
The U.S. Dairy Export Council Monday announced a partnership with a university in China to grow U.S. exports in China. The Council has signed a memorandum of understanding with Jiangnan University to establish the U.S.-China Dairy Innovation Center at the university. Tom Vilsack, U.S. Dairy Export Federation President and CEO says the partnership is a “game-changing agreement” that will lead …
Ag Trade Group: China Tariffs a Tax on Farmers
A U.S. agricultural trade group says the tariffs announced by China are a tax on U.S. agriculture. Farmers for Free Trade, a coalition formed to promote agricultural trade, says the tax stems from protectionist trade policies by the Trump administration. Max Baucus, the organization’s Co-Chair, says the new tariffs “are a drag” on farmers struggling to make ends meet with …