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Category Archive

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

tariff

Montana Farmers Union President Warns New Tariffs Will Hurt Agriculture

Dan March 7, 2025Agri-Business, Economy, Exports/Imports, Exports/Imports, Legislative, Tariffs, Trade

New tariffs are raising concerns among agricultural leaders, and Montana Farmers Union President Walter Schweitzer didn’t hold back when addressing the House Agriculture Subcommittee on Livestock earlier this week. Speaking …

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Farmer sentiment

Rural Mainstreet Index Plunges to New Low Amid Economic Uncertainty

Dan March 5, 2025Agri-Business, Economy

The Rural Mainstreet Index (RMI) continued its downward trend in February, marking the 17th decline in the past 18 months. The index, which measures the economic health of rural communities …

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Rural Mainstreet Index (RMI)
Pacific Region milk production

USDA/NASS Reports Decrease in Pacific Region Milk Production

Dan March 3, 2025Agri-Business, Dairy and Livestock, Economy, NASS, USDA

The USDA National Agricultural Statistics Service (USDA/NASS) reported a 5.7% decrease in Pacific Region milk production from January 2024 to January 2025, with production per cow in California down 120 …

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ila

ILA Union Ratified Six-Year Master Contract

Dan March 3, 2025Agri-Business, Economy, Exports/Imports, Labor and Immigration, Trade

The International Longshoreman’s Association Union (ILA) ratified a six-year master contract, including a 62% pay increase, boosting hourly wages to $63, retroactive to October 1, 2024, and effective until September 30, 2030, …

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Beneficial Ownership Information

New Deadline Set for Farms, to File Beneficial Ownership Information with FinCEN

Dan February 28, 2025Agri-Business, Economy, Regulation

The US Treasury Department has set a new deadline for companies, including farms, to file their Beneficial Ownership Information with FinCEN by March 21, following a court order. FinCEN may …

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Beneficial Ownership Information (BOI)FinCEN
Softer sales

Softer Sales Prevailed in Ag Machinery

Dan February 27, 2025Agri-Business, Economy

Softer sales prevailed in ag machinery in 2024 and that trend is expected to continue into 2025 according to the Association of Equipment Manufacturers. U.S. Sales of Ag Tractors & …

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Association of Equipment Manufacturers (AEM)
cobank

Trump Confirms 25% Tariffs on Canada and Mexico Will Proceed

Dan February 26, 2025Agri-Business, Economy, Tariffs, Trade

Despite efforts by Canada and Mexico to strengthen border security and curb fentanyl trafficking, U.S. President Donald Trump confirmed that a 25% tariff on imports from both countries will move …

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grubmarket

GrubMarket Acquired Bay City Produce

Dan February 26, 2025Agri-Business, Economy, Fruits & Vegetables

GrubMarket has acquired Bay City Produce, a California-based foodservice distributor, to enhance operational synergies and leverage Grub Market’s AI technology for better financial management and sales support in the food …

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AgNet News Hour Tuesday, 02-25-25

Dan February 25, 2025AgNet News Hour, Agri-Business, Economy, Podcasts, Water

Get the latest agriculture news in today’s AgNet News Hour. In this episode of the AgNet News Hour, hosts Sabrina Halvorson and Lorrie Boyer discuss pressing agricultural issues in California. …

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AgNet News HourCalifornia agricultureCalifornia Agriculture newsReservoir FarmsWorld Ag Expo
agricultural equipment

Agricultural Equipment Soft Market Reflects Broader Economic Uncertainty

Dan February 25, 2025Agri-Business, Economy

A soft market for agricultural equipment over the past year, reflects broader economic uncertainty. This uncertainty is attributed to potential weather issues, commodity market fluctuations, geopolitical concerns, and the lack …

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trade

Farm Trade Group Warns Against Impact of Tariffs on Agriculture

Dan February 17, 2025Agri-Business, Economy, Exports/Imports, Tariffs, Trade

A leading agricultural trade organization is raising concerns over the impact of newly imposed Section 232 tariffs on American farmers and food producers. Farmers for Free Trade, a coalition representing …

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Farmers for free Trade
California's avocado

Significant Changes Recently in the Avocado Market

Dan February 17, 2025Avocado, Economy, Exports/Imports, Trade

The avocado market has seen significant changes recently. U.S. shipments increased by 8% week-over-week and 32% year-over-year, with California experiencing an 86% growth. Mexico maintains a dominant 85% market share. …

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ustr

China Retaliates with Tariffs on U.S. Farm Machinery Amid Trade Dispute

Dan February 13, 2025Agri-Business, Economy, Exports/Imports, Tariffs, Trade

Farm machinery manufacturers in the United States could soon feel the impact of retaliatory tariffs from China, following the latest round of trade actions between the two countries. After President …

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Farm Income

USDA’s February Farm Income Forecast

Dan February 13, 2025Agri-Business, Economy

The USDA’s February Farm Income Forecast predicts a 22% increase in cash farm income to $193.7 billion for 2025, with net farm income rising 29.5% to $180.1 billion. Despite a …

Read More
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