Farm Bill Extension Expires and Ag Economy Barometer Lowest Since 2016
From the Ag Information Network, this is your Agribusiness Update.
**Now that the farm bill extension reached its deadline, what’s next?
Farm Policy News says while the bill expired September 30, the funds don’t run out until the end of the year, which leaves some calling for another one-year extension.
But House Republicans, like Ag Chair Glen Thompson, of
Pennsylvania, say farmers and ranchers don’t have the luxury of waiting until the next Congress for an enactment of an effective five-year farm bill.
**The September Purdue University/CME Group Ag Economy Barometer hit its lowest readings since March 2016.
Declining income expectations pushed farmer sentiment down as the barometer fell to 88, and the Index of Future Expectations dropped 14 points to 94.
Current Conditions fell seven points to 76, nearly matching April 2020 levels, at the height of COVID.
The survey reveals farmers are increasingly worried about commodity prices, input costs, trade prospects, and the upcoming election.
**Dairy Management Inc. has launched a new website to more effectively communicate the full national and local impact of the dairy checkoff to farmers and importers.
The new site, dairycheckoff.com, has content focused on these audiences previously found at www.USDairy.com.
The new site is a way to focus on checkoff areas important to farmers, including growing dairy demand, sustainability, research, health and nutrition, and more.
