Recent data released by the Department of Agriculture shows that millennials are spending less per-person at the grocery store. A recent analysis by USDA’s Economic Research Service of 2014 grocery store data found that compared to older generations, millennial-headed households spent the least per person on food at home. However, like the other generations analyzed, millennial households with higher incomes …
Largest East Coast Refinery Bankrupt, Cries Foul over RFS
The largest oil refinery on the U.S. East Coast will file for Chapter 11 bankruptcy, and Philadelphia Energy Solutions LLC, owner of the complex, claims the Renewable Fuel Standard (RFS) is to blame. Since 2012, Philadelphia Energy Solutions has spent more than $800 million on credits to comply with the law, making it the refiner’s biggest expense after the purchase …
U.S. Ag, Equipment Companies, Benefiting from Trade with Cuba
U.S. agriculture is benefiting from trade with Cuba, according to new figures released by the U.S.-Cuba Trade and Economic Council. Exports of food and agricultural products from the U.S. to Cuba in November of 2017 were pegged at $21.2 million, compared to $10.59 million in November 2016, and $6.24 million in November of 2015. There were also substantial increases in …
Study: Killing NAFTA Kills Manufacturing, Agriculture Jobs
A new report by Business Roundtable suggests that ending the North American Free Trade Agreement (NAFTA) would result in job losses of more than 1.8 billion in the United States. As negotiators are meeting in Canada this week, the report was released to “urge the administration to take into account the potential damage of withdrawing from NAFTA.” Drafting two scenarios, …
TPP 11 Agreement in Place, Signing set for March
Just as Trans-Pacific Partnership (TPP) nations seemed ready to leave Canada behind, the nation has reached an agreement to sign the trade pact. Renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the agreement comes after talks in Japan this week, according to CBC News of Canada. With Canada now on board, with the approval of its agriculture sector, the …
CoBank: Expect more Farm Bankruptcies in 2018
A recent report by CoBank expects the farm economy to tighten again in 2018, and experts say that will lead to more farmers filing Chapter 12 bankruptcy. DTN-The Progressive Farmer reports that wheat and dairy producers are among the hardest hit, with an increase in Chapter 12 bankruptcy filings in Kansas and Wisconsin, reaching the highest level since 2012 last …
Farm Bureau Members Focusing on Trade
The sixth round of North American Free Trade Agreement (NAFTA) talks are underway in Canada, and the American Farm Bureau Federation is looking to the talks as a way to modernize the agreement and improve on gains for U.S. ag. AFBF senior director of congressional relations Dave Salmonsen says top trade officials are attending the talks this week, and could …
USDA Appoints 11 New Members and Alternates to National Peanut Board
Broad range of peanut industry and community involvement marks 2018 appointees Agriculture Secretary Sonny Perdue recently appointed five members and six alternates to serve on the National Peanut Board. The appointees will serve three-year terms beginning Jan. 1, 2018, and ending Dec. 31, 2020. One appointee, the Texas alternate, will serve the remaining one-year portion of a vacancy. The members …
Restoration Ag Design Workshop Feb. 3-4 in Tallahassee
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Analyst to Dairy: Speak Up Now on Immigration
CNN political analyst and Republican strategist Ann Navarro told dairy farmers it’s time to make sure lawmakers “hear your voice” on immigration. Speaking to dairy farmers at the annual Dairy Strong Conference last week, she says farmers understand the immigration issue and urged them to keep pushing their representatives in Washington to act. Immigration is a key issue for dairy …