Below you'll find a list of all posts that have been tagged as “economy”
Task Force showcases broad interagency support for promoting economic growth and spurring innovation in rural America U.S. Secretary of Agriculture Sonny Perdue hosted the inaugural meeting of the Interagency Task Force on Agriculture and Rural Prosperity. Joined by Secretary of Housing and Urban Development Ben Carson, Secretary of Energy Rick Perry, Director of the White House Office of Management and …
Farmers and ranchers need the economic benefits that will follow from tax reform, the American Farm Bureau Federation told Congress in testimony submitted to the House Ways and Means Committee. Weather, high debt-service, a lack of liquidity and the difficulties of passing on land from one generation to the next all make taxation an important issue for farmers and ranchers. …
Everett Griner talks about the outlook for 2017 and what needs to happen for producers in today’s Agri View. Well 2013 was the last good year for agriculture as a whole. Farm commodity prices were mostly good back then. But here is something to keep in mind now. When crop prices go up, so does the …
Everett Griner talks about what eating all of that poultry means for the economy in today’s Agri View.
Rural Mainstreet Climbs to Highest Level Since September 2015: But Only 15 Percent Report Expanding Economy February Survey Results at a Glance: * The overall index, while remaining below growth neutral, rose to its highest level since September 2015. * More than one-third of bank CEOs reported their local economy remains in an economic downturn. Only 14.9 percent of bankers indicated their local …
Demand Growth, China’s Reserve Auctions and Global Supply Response Hold Keys for the Coming Year National Cotton Council economists point to a number of key questions that will shape the 2017 economic outlook for the U.S. cotton industry. In recent months, cotton prices have maintained a stronger appearance despite: 1) concerns about world demand, 2) Chinese imports below historical levels, 3) …
Highlights From the February 2017 Farm Income Forecast Farm sector profitability measures are mixed for 2017. A narrow cash-based measure, net cash farm income, is forecast to rise by $1.6 billion to $93.5 billion from the 2016 value, an increase of 1.8 percent. In contrast, net farm income is forecast to decline by 8.7 percent to $62.3 billion, the fourth …
Overall inflation over the last 12 months increased 2.1 percent, but food prices remain unchanged. The U.S. Bureau of Labor Statistics’ Consumer Price Index for All Urban Consumers was up .3 percent in December, with gasoline prices up three percent. But the food-at-home index fell 0.2 percent, its eighth consecutive decrease that reflects an overall 0.2 percent decrease over the …
At least one company is predicting 2017 to be something of a turnaround year for farmers. An Ag Web Dot Com article says 2017 could see a “global supply pullback” that may give farmers some relief from lower commodity prices. MetLife Agricultural Finance says, “We expect a recovery in 2017 as global consumption rises and corn and soybean supplies decline.” …
The Farm Credit System’s quarterly report says stress levels are still high in the ag sector of the economy. In fact, the operating report says stress levels are high in many different sectors of agriculture. Farm debt levels are still high while cash receipts continue to decline.
A new report released Monday by the Department of Agriculture shows the U.S. biobased industry in 2014 contributed $393 billion and 4.2 million jobs to America’s recovering economy.
The U.S. is on pace to continue the longest stretch of falling food prices in over 50 years. While the lower prices are a boon to shoppers, it’s putting serious pressure on the farm economy. The Wall Street Journal says reasons behind the lower prices start with excess production in several ag sectors, including dairy, meats, grains, and other staples.
Amid a deep recession and political uncertainty, confidence in Brazil’s agribusiness sector is bouncing back thanks to stronger local commodity prices and healthy margins. DTN reports the IC Agro agribusiness confidence index surged 19.5 points to 102.1 in the second quarter of 2016.
The Creighton University Rural Mainstreet Index for July fell from June’s weak reading, according to the monthly survey of bank CEOs in rural areas of a 10-state region within the Midwest dependent on agriculture.
Long Term Ag Outlook Strengthens After a volatile June and early July in the commodity markets, agricultural outlooks turned higher in the rest of July. The Purdue University/CME Group Ag Economy Barometer turned higher, coming in at 112 in July, up from 104 in June and 97 in May.
