House Ag Committee ranking member Collin Peterson says the Senate tax bill is closer to something he can support than the House Bill. The Minnesota Democrat hopes changes will be …
Perdue Comments on House Passage of Tax Cuts and Reforms
U.S. Secretary of Agriculture Sonny Perdue hailed the House of Representatives’ passage of historic tax cuts and reforms as an important step toward providing much-needed relief to Americans, creating jobs, …
Agriculture Groups Band Together to Support Section 199
More than 180 agricultural groups are coming together to support the Section 199 tax deduction not included in the tax reform proposal. The groups, led by the National Council of …
Farm Bureau Welcomes Progress on Tax Reform Bill
The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “America’s farmers and ranchers are ready for a tax system that recognizes their hard work and the …
Producers More Optimistic in October Survey
The latest Purdue/CME Group Ag Economy Barometer showed farmer optimism improving slightly in October, coming in at an index of 135. That’s actually the third-highest level since the survey began …
Global Food Prices Reported Lower
Global food prices dropped in October, led by lower dairy products. The United Nations Food and Agriculture Organization’s monthly Food Price Index averaged 176.4 points for the month of October, …
Agriculture Reacts to House Tax Reform Proposal
The House Ways and Means Committee tax overhaul plan released Thursday provides a blueprint for tax reform. The plan is essentially a set of promotional documents, with many details unaccounted …
Farmers Applaud Move to Reform Tax Code
The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “Farm Bureau applauds Congress for its progress in reforming the tax code. This new tax plan moves …
Farm Profitability Still Down, But Improving
A new survey of bankers shows 82 percent of agricultural lenders reported a decline in farm profitability in the last 12 months. However, the pace of the decline has slowed. …
One Step Closer to Tax Cuts?
National Hog Farmer says the fiscal year 2018 budget proposed by Republicans and passed by Congress is a step forward toward possible tax cuts. Republicans will be able to use a …
Report: Farm Lending Stabilizing
The Kansas City Federal Reserve Bank reports farm lending has stabilized, but risks remain. The Federal Reserve’s Agricultural Finance Databook shows risks in the sector have remained alongside a persistently …
Rural Mainstreet Index Fears Farm Foreclosure Threat to Banks
The Creighton University Rural Mainstreet Index is still below growth-neutral, which it has been for some time. The index jumped six points from September to October, but low crop prices …
Perdue on President Trump’s Tax Reform Agenda
U.S. Secretary of Agriculture Sonny Perdue expressed strong support for the tax reform agenda championed by President Donald J. Trump, hailing it as a great benefit to American agricultural producers. …
Food Price Index Increases
Global food prices made a mild move upward last month, according to the Food and Agriculture Organization of the United Nations. The monthly FAO Food Price Index averaged 178.4 points …