Thunderstorm Season Approaches and Farmer Sentiment Higher in May
From the Ag Information Network, this is your Agribusiness Update.
**With the summer thunderstorm season rolling in, the University of Florida Extension has tips to keep you safe.
www.morningagclips.com reports, with 50 deaths from 2015-2024, Florida leads the nation in lightning-related fatalities.
UF Extensions says the safest place to be during a storm is indoors where the likelihood of being struck is lower.
They says if you hear thunder, you’re close enough to be struck by lightning so get inside.
www.morningagclips.com/uf-experts-bust-lightning-myths-share-tips-for-fla-storm-season/
**If Congress doesn’t extend current tax provisions, America’s farmers and ranchers will be forced to pay up to $9 billion more in federal taxes every year.
The 2017 Tax Cuts and Jobs Act is set to expire at the end of this year.
An American Farm Bureau report says each dollar a farm family pays in taxes is one less they can spend to improve their operation, hire more workers, or put toward growing food, fiber, and fuel.
**Farmer sentiment in May climbed to its highest level since May 2021.
The Purdue University/CME Group Ag Economy Barometer index reached 158, ten points above April.
The Current Conditions Index climbed five points to 146, and the Future Expectations Index jumped 12 points to 164.
Farmers’ views were much more optimistic about U.S. ag export prospects, combined with a less negative view on the impact of tariffs.
