Overall sales of tractors were lower in September compared to last year. The Association of Equipment Manufacturers monthly report on equipment sales found the sale of all tractors in the U.S. in September 2017, were down 10 percent compared to the same month last year. For the nine months in 2017, a total of 168,600 tractors were sold, which compares …
BASF to Acquire Bayer’s Crop Science Unit
BASF has signed an agreement to purchase Bayer’s Crop Science business for $7 billion. BASF is purchasing Bayer seeds for mainstay crops including cotton and soybean, plus the herbicide brand Liberty. The move by Bayer is part of its agreement to purchase Monsanto. The transaction is subject to regulatory approvals as well as the successful closing of Bayer’s acquisition of …
EPA Announced Dicamba Label Changes
The Environmental Protection Agency Friday announced new restrictions for dicamba-based herbicides, classifying dicamba as a restricted-use product. The EPA said that only certified pesticide applicators, or people under their supervision, will be allowed to spray dicamba. The EPA also is reducing the maximum wind speed and the hours during each day when dicamba may be sprayed and will require farmers …
Business Leaders Push to Keep KORUS Intact
Business leaders from the U.S. and Korea are pressing South Korea and the United States to “eliminate the uncertainty” around the U.S.-Korea Free Trade Agreement, known as KORUS. The U.S.-Korea Business Council, along with the Korea-U.S. Business Council, issued a joint statement, calling KORUS “a platform to expand bilateral trade.” President Donald Trump has threatened to withdraw the U.S. from …
U.S., Japan, Planning Another Trade Meeting
Vice President Mike Pence is meeting with Japan Monday in Washington. D.C. to talk trade. Politico reports that Pence and Japan’s Deputy Prime Minister will meet for the second round of the U.S.-Japan economic dialogue launched by the Trump administration in the wake of Trump’s decision to pull out of the Trans-Pacific Partnership. Japan is expected to propose to change …
Putnam Comments After USDA Issues Disaster Declaration for 19 Florida Counties
Florida Commissioner of Agriculture Adam H. Putnam released the following statement after the U.S. Department of Agriculture issued a natural disaster declaration for 19 Florida counties due to agricultural damage caused by Hurricane Irma: “I thank U.S. Secretary of Agriculture Sonny Perdue for taking action to support Florida’s farmers and ranchers still picking up the pieces from Hurricane Irma. Our …
Farmers Could Get Irma Related Tax Breaks
Farmers could receive tax breaks on equipment damaged by Hurricane Irma and on fuel, under a proposal by Rep. Matt Caldwell, a North Fort Myers Republican who is running for agriculture commissioner next year. With the agriculture industry facing $2.5 billion in projected losses from Irma, Caldwell rolled out the proposal this week to offer cuts in Florida’s tangible personal …
More Than Bluster to President Trump’s Threats to Pull Out of NAFTA
A former USDA trade chief argues there’s more than bluster to President Trump’s threats to pull out of the North American Free Trade Agreement (NAFTA). Paul Drazek was the trade adviser to USDA Secretary Dan Glickman in the Bill Clinton Administration. Drazek says he feels recent threats by President Trump to pull out of NAFTA, key for U.S. agriculture, are …
Pastureland Values Hit New High
The average value of pastureland across America took a jump from last year. The average value is $1,350 per acre, up 1.5 percent from 2016. That value is a record-high since the U.S. Department of Agriculture first began keeping records. As a comparison, the average acre of cropland is worth $4,090, the same as in 2016. In different parts of …
Rabobank: U.S. Pork Industry Should Continue Growth
A new report from the RaboResearch Food and Agribusiness Group looks at the growth of the U.S. Pork industry and the factors that could influence continued growth. Rabobank analysis shows the pork sector could grow 11 percent between 2017 and 2025. That growth will be supported by increasing production efficiency and adding additional processing capacity. These are the two most …