Get the latest agriculture news in today’s AgNet News Hour.
The Ag-Net News Hour Hosts, Lorrie Boyer and Nick Papagni, “The Ag Meter,” highlight the upcoming Mother’s Day by saying that it is one of the biggest days when it comes to strawberry sales. They then talk about the potential de-escalation of U.S.-China trade tensions, with key meetings in Switzerland. They noted China’s economic stimulus and the U.S.’s daily tariff earnings of $192 million, contrasting with the Biden administration’s losses. The EU-U.S. trade deal is nearing completion. The USDA is preparing to offer $21 billion in disaster aid by the end of the month. Brooke Rollins’ efforts to prioritize U.S. farmers over international aid were praised, contrasting with the previous administration’s actions.
The CME Group/Purdue University Ag Economy Barometer rose to 141, the highest since December 2021, with a future expectation index of 152. The farm financial performance index fell slightly to 101, while the farm capital investment index rose to 114. Higher input costs remain the top concern for farmers, with 10% now worried about input availability. Tariffs are seen as potentially beneficial in the long run, with 56% expecting reduced farm income in 2025. Senator Amy Klobuchar raised concerns about bottlenecking and privacy issues due to an extra layer of review for agency loans over $500,000.
The weekly Almond Update, sponsored by the Almond Board of California, features Craig Durr, Vice President of Global Marketing and Sales at Campos Brothers Farms. Durr discusses the almond industry’s evolution, emphasizing the need to market almonds globally and adapt to price volatility. He highlights the shift from promoting almonds as ingredients to focusing on snack consumption to stabilize demand. Durr also notes the industry’s growth from a billion to two billion pounds, stressing the importance of a holistic, global approach. The segment concludes with a light-hearted discussion about Mother’s Day and Father’s Day.
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