NFU on House Ag Committee Budget and Tractor-Combine Sales Slump
From the Ag Information Network, this is your Agribusiness Update.
**National Farmers Union President Rob Larew reacts to the House Ag Committee's passage of budget reconciliation instructions.
In a statement, Larew says this is not the best way to produce a meaningful farm bill.
Pitting farm and nutrition priorities against one another creates unnecessary division and weakens the effort.
Larew says a strong farm bill must reflect the full scope of challenges facing agriculture and rural communities and must work for everyone it touches.
**Tractor and combines says slumped in April, according to the Association of Equipment Manufacturer's monthly "Flash Report."
www.agrimarketing.com reports, U.S. tractor sales were down 12% from the same month last year, with a total of 22,201 tractors sold compared to 25,317 last year.
Combine sales totaled 414 through April which is 48% below 2024.
www.agrimarketing.com/s/153658
**Food-at-home prices increased in April at a 2% annual pace, down from 2.4% in March, according to Consumer Price
Index data released by the U.S. Bureau of Labor Statistics.
Across-the-board inflation ticked down last month to 2.3%,
its lowest rate since February 2021.
It’s also the smallest month-over-month increase in inflation since 2020.
The decline in grocery inflation in April represented the first monthly decline for the figure since October 2024.
