The Kansas City Federal Reserve Bank says the outlook for agriculture remains down, but is beginning to show signs of stabilization. The bank notes that while aggregate measures of farm income are significantly lower than in previous years, the farm income forecast for 2017 was relatively unchanged from the 2016 estimate. Although farm income was expected to stabilize, growing inventories …
Mexico to Leave NAFTA if Trump Starts Withdraw Process
Be it a threat, or intention, if President Donald Trump starts the withdrawal process from the North American Free Trade Agreement, Mexico will drop the trade pact. If Trump decides to leave NAFTA, he would trigger a six-month process to withdraw from the agreement. An official from Mexico said this week that if Trump announces a U.S. withdrawal from NAFTA, …
Canada More Convinced Trump Will Withdraw from NAFTA
Canada is becoming more convinced that President Donald Trump will soon announce U.S. intentions to withdraw from the North American Free Trade Agreement. President Trump told reporters at the AFBF annual convention earlier this week that he is negotiating tough for farmers, but did not rule out the possibility of withdrawing from the agreement. While the administration seemed to attempt …
NCC Lauds Rural Prosperity Task Force Efforts
The National Cotton Council (NCC) lauds the work of the Interagency Task Force on Agriculture and Rural Prosperity that was presented to President Trump this week. The task force was formed following the signing of an Executive Order by President Trump in 2017. Agriculture Secretary Sonny Perdue served as chairman of the task force which identified more than 100 recommendations to …
NFU President Johnson: Tax Reform Hurts Farm Bill
The recent tax reform package will hurt farm bill negotiations, according to National Farmers Union (NFU) President Roger Johnson. He says President Trump’s tax package will affect farmers in two ways. Tax Citing PAYGO – a budget rule requiring that tax cuts as well as increases in entitlement and other mandatory spending must be covered by tax increases or cuts …
Farm Bureau Sets 2018 Policy Agenda
Delegates of American Farm Bureau Federation (AFBF) in Nashville, Tennessee, this week fine-tuned the organizations policy book for the year, to include improvements in the farm bill. AFBF Public Policy Executive Director Dale Moore says AFBF members want changes to the cotton and dairy programs in the next farm bill. Farm Bill AFBF also seeks an improved Agriculture Risk Coverage …
USDA Investing Millions in Wildfire Mitigation and Water Quality Projects Through Joint Chiefs’ Partnership
Projects will restore healthy forests on private and public lands in 24 states The U.S. Department of Agriculture (USDA) will invest nearly $32 million this year to mitigate wildfire risk, improve water quality and restore healthy forest ecosystems in 24 states and Puerto Rico. Since 2014, USDA has invested $176 million in 56 Joint Chiefs’ Landscape Restoration Partnership Projects, which …
Georgia Ag Commissioner Gary Black on Rural Prosperity Task Force Report
Georgia Agriculture Commissioner Gary W. Black issued the following statement: “Our agricultural and rural communities have always been the backbone of our state and national economy and I applaud Secretary Perdue and the efforts of the Rural Prosperity Task Force that demonstrate a renewed emphasis on rural areas and agriculture production. President Trump has in just one year already publicly …
November 2017 Pork Exports Set Value Record
Pork exports in November of last year set the highest-ever monthly value record, while beef export value took another step toward a likely full-year value record. November pork exports totaled nearly 224,000 metric tons, down slightly from a year ago, and November export value was a record-high $615.6 million, up five percent year-over-year and just the fourth-time monthly export value …
Senate Ag Gets New Members
The Senate agriculture committee has two new members to start the year. Tina Smith, a Democrat from Minnesota, has joined the committee, along with Nebraska Republican Deb Fischer. Smith was recently appointed to take the seat of resigned Senator Al Franken. She takes the committee seat of Chris Van Hollen, a Democrat from Maryland, who is leaving the Senate Ag …