EPA's Reversal of Water Protection Rule and Ag Economy Outlook Strong
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Alabama farmers joined businesses, local governments and landowners from around the country in expressing concern over a recent decision by the EPA to reverse the Navigable Waters Protection Rule.
Alabama Farmers Federation National Affairs Director Mitt Walker tells www.alfafarmers.org it’s terribly disappointing the Biden Administration is taking action to withdraw and replace the Trump-era rule that finally brought some clarity to the regulatory process.
Walker says the NWPR will remain the law while EPA drafts a new rule which will likely face court challenges, and take years to resolve.
www.alfafarmers.org/alabama-farmers-concerned-over-epa-water-rule-reversal/
**Wild temperature swings last fall are believed to be the cause of widespread freeze damage in California’s walnut groves.
In early November, temperatures dropped from 80 degrees to below freezing in several areas.
Freeze damage, observed this spring, is most severe in Butte, Glenn and Tehama counties and is also reported in Lake, San Joaquin, Stanislaus, Yolo and Yuba counties.
Before the freeze, walnut production had been steadily increasing.
**The outlook for the Ag Economy in 2021 is holding strong.
www.agfax.com reports, a recent update from the Kansas City Fed says, “Interest rates on agricultural loans made by commercial banks increased slightly for some types of lending, but remained historically low through the first half of 2021.
In contrast to non-real estate loans, average rates on farm real estate loans continued to decline.
www.agfax.com/2021/07/27/kansas-city-fed-outlook-for-ag-economy-in-2021-remains-strong/
