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Category Archive

Below you'll find a list of all posts that have been categorized as “Economy”

snap

Perdue Promotes “Harvest Box”

Dan February 23, 2018Economy, Industry News Release

Ag Secretary Sonny Perdue wants people who don’t like the idea of “America’s Harvest Box” to know that they are very serious about the idea. He says House Ag Committee …

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Harvest BoxSonny PerdueUSDA
section

Section 199A Fix Is Coming

Dan February 23, 2018Economy, Industry News Release

A DTN report says Congress may be close to replacing the Section 199A language in the new tax law that curbs the advantages of farmers who sell their products to …

Read More
Chuck GrassleySection 199A
farm bill

USDA Seeks Ideas to Help SNAP Participants Become Independent

Dan February 22, 2018Economy, Industry News Release

The U.S. Department of Agriculture today announced that it is looking for innovative ideas to promote work and self-sufficiency among able-bodied adults participating in the department’s Supplemental Nutrition Assistance Program …

Read More
SNAP benefitsUSDA
letter

Republicans Deliver Letter to Congressional Leadership Calling on Section 199A Changes

Dan February 22, 2018Economy, Industry News Release, Legislative

A group of Republican lawmakers Wednesday sent a letter to Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan calling for changes to Section 199A in the tax code. …

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Mitch McConnellPaul RyanSection 199A
adm

FTC Nominee Pledges to Look Closely at Ag Mergers

Dan February 19, 2018Economy, Industry News Release

The Federal Trade Commission (FTC) would take a look at past merger deals to see if regulators were too easy on the companies involved. That’s the promise of Joseph Simons, …

Read More
agriculture mergersFTCmerger
trump

Trump Budget Proposal Considered “DOA”

Dan February 14, 2018Economy, Industry News Release, Legislative

Presidential budget proposals have been dead on arrival before. However, the Hagstrom Report says no budget outline has been as dead as the one President Trump sent to members of …

Read More
FY 2018 BudgetPresident TrumpSNAP
farm bureau

President’s Infrastructure Plan Paves Way for Boosting Rural Economy, Farm Bureau Says

Dan February 12, 2018Economy, Industry News Release

The following statement may be attributed to American Farm Bureau Federation President Zippy Duvall: “President Trump’s ‘Building a Stronger America’ plan promises to bring long overdue improvements to the country …

Read More
AFBFrural infrastructureZippy Duvall
tyson

Tyson: Higher Freight Costs Will Push Up Consumer Prices

Dan February 12, 2018Economy, Industry News Release

Tyson said the rising cost of freight is starting to put pressure on all of its businesses. That means consumers will eventually feel that pressure in the form of higher …

Read More
consumer pricesfreight costTyson
farm

Highlights From the February 2018 Farm Income Forecast

Dan February 8, 2018Economy, Industry News Release

Farm Sector Profits Expected To Decline in 2018 Net farm income, a broad measure of profits, is forecast to decrease $4.3 billion (6.7 percent) from 2017 to $59.5 billion in …

Read More
farm economyfarm incomeUSDA/ERS
omnibus

Canada Offering Livestock Producers Tax Relief

Dan February 8, 2018Dairy & Livestock, Economy, Industry News Release

The Government of Canada Wednesday released the final list of designated regions where livestock tax deferral has been authorized for 2017 due to drought, flood or excess moisture. In November, …

Read More
Canadalivestock producerstax relief
january

January Ag Economy Barometer Results

Dan February 7, 2018Economy, Industry News Release

The Purdue University-CME Group Ag Economy Barometer turned higher for January, showing some optimism among farmers and ranchers. After trending lower in late 2017, the monthly survey of 400 agricultural …

Read More
Ag Economy BarometerCME GroupPurdue University
health

Rural Mainstreet Index Declines

Dan February 7, 2018Economy, Industry News Release

The Creighton University Rural Mainstreet Index declined slightly in January from December’s weak reading, remaining below growth neutral. However, organizers say the monthly survey of rural bank CEO’s in the …

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Creighton Universityrural economyRural Mainstreet Index
farmers national

Farmers National Company Reports Increase in Land Listings, Price

Dan February 6, 2018Economy, Industry News Release

While research suggests that there has been less farm and ranch land for sale than usual over the past few years, Farmers National Company is reporting a 50 percent increase …

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agriculture landFarmers National Companyland prices
federal reserve

Ag Lending and Interest Expense Increasing for Farmers

Dan February 5, 2018Economy, Industry News Release

Farm lending at commercial banks increased during the fourth quarter of last year. Demand for all types of loans, except for farm machinery and livestock, increased significantly over 2016. Operating …

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farm economyfarm loan interestlending rates
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