Farmer Sentiment Dips in August and Federal Court Vacates AEWR Rule
From the Ag Information Network, this is your Agribusiness Update.
**Farmer sentiment dipped again in August as the Purdue University-CME Group Ag Economy Barometer Index fell 10 points to 125.
Producers were much less optimistic about the future in August as the Index of Future Expectations dropped 16 points to 123.
Producers' perspective on current conditions changed, with that Index reading 129 versus 127 in July.
Responses from crop producers were much less optimistic than those from livestock producers.
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**The EPA’s longstanding Meat and Poultry Effluent Guidelines and Standards will stand.
Administrator Lee Zeldin announced that proposed changes to the regulation are unnecessary.
The agency says existing federal wastewater regulations under the Clean Water Act are effective, and the burdens that proposed changes would inflict on meat and poultry processors are unwarranted.
National Pork Producers Council President Duane Stateler says, “We applaud the administration and Administrator Zeldin for this commonsense approach.”
**A federal court decision vacated a burdensome and unfair disaggregation labor rule, a part of the 2023 Adverse Effect Wage Rate Rule.
American Farm Bureau president Zippy Duvall says he’s pleased the Labor Department, and a federal judge recognized elements of the 2023 labor rule created an unfair wage structure forcing farmers to pay employees for jobs they don’t usually perform.
Duvall is encouraging continued reform of a broken H-2A system.
