The Purdue/CME Group Ag Economy Barometer dropped 7 points in November, signaling a slump in U.S. agricultural producers’ confidence compared to a month earlier. At a reading of 128, the …
Senate Tax Bill Doesn’t Include Section 199 Deductions
The Senate tax bill passed over the weekend does not include a deduction that farm cooperatives lobbied to keep in the tax reform package. The National Council of Farmer Cooperatives …
Farmers Commend Senate Action on Tax Reform
The following may be attributed to American Farm Bureau Federation President Zippy Duvall: “Farmers and ranchers have long called for a fair tax code that recognizes our hard work as …
Farm Profits Expected to Stabilize
Following years of decline, net farm income in 2017 for the U.S. farm sector as a whole is forecast to be relatively unchanged at $63.2 billion in inflation-adjusted terms. The …
Perdue on President’s “Bring Back Main Street” Message
U.S. Secretary of Agriculture Sonny Perdue echoed President Donald J. Trump’s message that tax cuts and reforms are needed to increase American prosperity. The president delivered remarks with a “Bring …
Farmers Getting Only 11 Cents of Every Food Dollar
The National Farmers Union and the American Farm Bureau Federation say that consumers are paying less and farmers are receiving less for this year’s Thanksgiving Day dinner. The NFU Farmer’s …
Peterson Likes Senate Tax Bill Better Than House Version
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 …