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More Farm Bill Optimism and Candidates Trade Policies Examined
The Agribusiness Update
With regards to a new Farm Bill, Kansas Senator Jerry Moran, a critic of Senate Ag Chair Debbie Stabenow, says he had an optimistic moment after speaking with her recently, and Ag economists have examined the proposed trade policies of the two presidential candidates, and one being floated in Congress.
Trade Deficit Record Pt 2
Washington State Farm Bureau Report
USDA is projecting a record trade deficit next year at a time of sharply declining commodity prices.
Trade Deficit Record Pt 1
Washington State Farm Bureau Report
USDA is projecting a record trade deficit next year at a time of sharply declining commodity prices.
Interest Rate Cuts
Washington State Farm Bureau Report
One commodities expert says the markets seem to anticipate an interest rate cut during the Fed’s September meeting, some shockingly high.
Trade War with China & Ag and FDA Approves Net-Zero Technology
The Agribusiness Update
A trade war with China could have significant impacts on California agriculture, and FDA’s approval of Elanco’s Bovaer (boe-vair) is another important step toward a net-zero future.
Latest Ag Trade
Washington State Farm Bureau Report
The latest Ag trade figures are ‘mixed’ as bipartisan criticism of the White House’s refusal to do free trade deals continues.
Reverse Discontinued NASS Reports and Farmer Sentiment Down
The Agribusiness Update
A bipartisan group of 70 Representatives and Senators are calling on Ag Secretary Tom Vilsack to REVERSE the USDA’s decision to cancel or discontinue several NASS reports, and farmer sentiment dropped 15 points in April to a reading of 99, according to the Purdue University/CME Group Ag Economy Barometer.
Reverse Discontinued NASS Reports and Farmer Sentiment Down
The Agribusiness Update
A bipartisan group of 70 Representatives and Senators are calling on Ag Secretary Tom Vilsack to REVERSE the USDA’s decision to cancel or discontinue several NASS reports, and farmer sentiment dropped 15 points in April to a reading of 99, according to the Purdue University/CME Group Ag Economy Barometer.
AFBF on Fuel and Energy Costs
Washington State Farm Bureau Report
Fuel and electricity prices are on the rise again amid declining farm income and the American Farm Bureau responds.
USDA Expects Lower Direct Government Payment to Farmers in 2024
Line on Agriculture
Several factors are playing into why USDA expects there to be $2 billion less than last year.
Not Surprising in 2024 and Biological Push Continues in 2024
The Agribusiness Update
Farm Journal and Purdue University’s December Economists’
Monthly Monitor shows views slightly more optimistic than a month ago as they look at unexpected headlines they wouldn’t be surprised to see in 2024, and AgriThority put together its top ten trends for the new year.
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Family Farming Report
Washington State Farm Bureau Report
The new Farms and Ranches at a Glance Report shows U.S. farming is still a family business.
Wages Higher
Fruit Grower Report
The USDA says farmers who hire H-2A laborers next year will be paying higher wages, and in some cases, the increase is large.
Export Projections for 2024
Washington State Farm Bureau Report
Fiscal year 2024 is not looking good for farm exports, already down through 11 months tabulated for fiscal year 2023.
Turkey Prices Down
Washington State Farm Bureau Report
Consumers might be paying less for a Thanksgiving turkey this year thanks to improved supplies.
Inflation Rising
Washington State Farm Bureau Report
Inflation was up in July. A rebound in energy and travel costs led to the first jump in consumer prices in over a year, as inflation accelerated by just over 3% from a year ago.
Cattle Inventory Falls
Washington State Farm Bureau Report
Bernt Nelson, American Farm Bureau Federation Economist, says the USDA Cattle Inventory Report showed a larger decline than analysts expected.
Black Sea Grain Stopped
Washington State Farm Bureau Report
Russia’s halting the Black Sea Grain deal again threatens global food and fertilizer prices, as the war in Ukraine grinds on.
SNAP and the Farm Bill Pt 1
Washington State Farm Bureau Report
The 2023 Farm Bill will be the first in history to cost over $1 trillion. Senate Ag Committee chief economist, John Newton gives us one of the big reasons why.