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Food For Peace Program and Net Farm Income Continues Decline
The Agribusiness Update
Washington state Republican Dan Newhouse and others, introduce legislation to move the Food for Peace program from the U.S. Agency for International Development to USDA, and last year's forecast showed the two largest consecutive declines in net farm income history, but that could be improving.
Peanut Allergy Breakthrough and Net Farm Income Continues Decline
The Agribusiness Update
A potential breakthrough for those with peanut allergies, and last year's forecast showed the two largest consecutive declines in net farm income history, but that could be improving.
UF Leads Nation in Ag Research and Farmer Sentiment Jumps in November
The Agribusiness Update
For the sixth consecutive year, the University of Florida led the nation in agricultural sciences and natural resources conservation research, and farmer sentiment jumped in November as the Purdue University-CME Group Ag Economy Barometer climbed 30 points to 145, the highest since 2021.
Georgia Forestry Revenue Up and Gas Prices Up Again
The Agribusiness Update
For the 13th consecutive year, a Georgia Institute of Technology study shows an increase in revenue generated by Georgia’s forest industry, and gas prices resumed their climb, rising 6.5 cents compared to a week ago at $3.57 per gallon.
U.S. Wine Sales Slow and Net Cash Farm Income Down
The Agribusiness Update
U.S. and foreign winemakers are struggling to sell their product, and leaders are increasingly focused on anti-alcohol messaging, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
Tulare Top Ag County and Gas Prices Drop
The Agribusiness Update
Tulare County, California, is the number one ag-producing county in the country for 2022, and for the fourth consecutive week, the nation's average gas price dropped, falling 11.3 cents from a week ago to $3.55 per.
Cotton Projections Decrease and Gas Prices Drop
The Agribusiness Update
The latest USDA cotton projections for 2023/24 show global cotton beginning and ending stocks decreased by about ten million bales, and for the fourth consecutive week, the nation's average gas price dropped, falling 11.3 cents from a week ago to $3.55 per.
California Wildfire Threat and Ag Sentiment Down for September
The Agribusiness Update
As wildfires challenge California’s wine sector, smoke taint has emerged as one of the primary threats to the state’s most lucrative crop, and Agricultural producers’ sentiment declined for the second month in a row during September.
Mexican Tomato Antidumping Dispute and Ag Sentiment Down for September
The Agribusiness Update
Mexican Tomato Antidumping debate and Agricultural producers’ sentiment declined for the second month in a row during September.
National Pork Board Disease Exercise and Ethanol Exports Down
The Agribusiness Update
The National Pork Board organized a foreign animal disease exercise, and Ethanol exports are down in March.
Fuel and Fertilizer Costs in California and Global Food Prices Rise
The Agribusiness Update
Rising fuel and fertilizer costs are impacting California farmers, and Global food prices continue to rise.
EU Trade Deals and AFBF Supports SCOTUS on WOTUS
The Agribusiness Update
U.S. Ag watches while European Union secures worldwide trade deals, and American Farm Bureau Federation supports Supreme Court ruling on WOTUS challenges.
Snow Cover Record In Lind Good News For Wheat Growers Pt 2
Washington State Farm Bureau Report
A Record for consecutive snow-cover days gives wheat growers in Lind, Washington hope for growing season.
Snow Cover Record In Lind Good News For Wheat Growers Pt 1
Washington State Farm Bureau Report
Consecutive Snow Cover Days in Eastern Washington Could Be Good News For Wheat Growers.