USDA will invest $328 million in conservation easements to protect and restore farmland, grasslands and wetlands under a new program that consolidates three former easement programs administered by Natural Resources Conservation Service. Click here for the full story
Agricultural Economy Reuters writer Naveen Thukral reported today that, “Chicago corn futures slid for a third consecutive session on Wednesday to their lowest in three weeks, while soybeans eased after a U.S. government report showed further improvement in crop conditions.” The article pointed out that, “U.S. corn was rated 74 percent good-to-excellent, up from 73 percent […]
Section 7606 of the 2014 Farm Bill says that notwithstanding the Controlled Substances Act, The Safe and Drug-Free Schools and Communities Act, and other laws that govern the cultivation of marijuana, it is now OK for state agriculture departments and universities to grow “industrial” hemp for research purposes. Industrial hemp, the Farm Bill says, means […]
Farm Bill Neil Shah reported in today’s Wall Street Journal that, “After soaring in the years since the recession, use of food stamps, one of the federal government’s biggest social-welfare programs, is beginning to decline. “There were 46.2 million Americans on food stamps in May, the latest data available, down 1.6 million from a record 47.8 […]
Democrat Michelle Nunn and Republican David Perdue visited the Georgia Farm Bureau in Macon on Thursday to talk about the farm bill and immigration, and how, as Senators, they would approach agricultural issues. The Macon Telegraph reports that Nunn supported the farm bill passed in Congress earlier this year, while Perdue opposed it. “We know […]
Farm Bill- Policy Issues Chris Clayton reported yesterday at DTN that, “Dairy farmers can sign up for the new federal Dairy Margin Protection Program starting Tuesday, Sept. 2. “The Market Protection Program is an insurance option for dairy farmers that is being run through the Farm Service Agency. The Margin Protection Program will pay indemnities to farmers […]
During the Farm Progress Show this week, I caught up with Iowa Ag Secretary Bill Northey. I asked him what the corn crop was looking like in Iowa in particular, as Boone, Iowa is the host of this year’s Farm Progress. Northey said that for the most part, Iowa is going to have a great corn crop as well as... Read More
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Agricultural Economy Yesterday, USDA’s Economic Research Service (ERS) updated its 2014 Farm Sector Income Forecast, which stated that, “Net farm income is forecast to be $113.2 billion in 2014, down 13.8 percent from 2013’s forecast of $131.3 billion. If realized, the 2014 forecast would be the lowest since 2010, but would still remain more than […]
Agricultural Economy An update yesterday from the Federal Reserve Bank of Minneapolis stated that, “Farm incomes fell from April through June, according to results of the Minneapolis Fed’s second-quarter (July) agricultural credit conditions survey. Show More Summary
Agricultural Economy AP writer David Pitt reported on Saturday that, “In an interview Friday with The Associated Press, U.S Secretary of Agriculture Tom Vilsack gave his views on topics ranging from low commodity prices this year to dysfunction in Washington and his future. “Vilsack spoke after touring Iowa Choice Harvest, a Marshalltown company that processes Iowa-grown […]
On Aug. 5, Missouri residents voted on the state’s Right-to-Farm, Amendment 1, a new addition to the state’s bill of rights. The results were extremely close: 498,751 voted in favor of the new amendment, while 496,223 opposed it. With a difference of less than half a percent, a recount is almost certain.
USDA Risk Management Agency announces a new wheat crop insurance option under the 2014 Farm Bill that will help farmers add on to their multi-peril crop insurance policy. The Supplemental Coverage Option is a tool available to farmers...Show More Summary
Agriculture Secretary Tom Vilsack recently announced an additional $20 million in grants to increase access for hunters and anglers, protecting wildlife, and enhancing business opportunities for rural economies. The funding comes as a part of the US De...
Farm Bill DTN Executive Editor Marcia Zarley Taylor reported yesterday at the Minding Ag’s Business blog that, “Great Plains wheat growers were howling over USDA’s decision to postpone a big promise in the 2014 farm bill, as DTN’s Chris Clayton and Jerry Hagstrom reported last week (see ‘Vilsack Resists APH Update’). “Growers victimized by years of […]
The U.S. Department of Agriculture (USDA) is much in the news these days, as it implements the massive and always-controversial farm bill, works to improve access to national forests, strives to enhance the U.S. position in international agriculture markets, and wrestles to contain this season’s extensive wildfire activity. What is less obvious to many is […]
Choices Magazine -- the outreach magazine of the Agricultural and Applied Economics Association (AAEA) -- this spring and early summer published a special series summarizing the Agricultural Act of 2014 (also known as the Farm Bill).Jody...Show More Summary
Trade Issues Paul Sonne and Anton Troianovski reported in today’s Wall Street Journal that, “Russia banned imports of a wide range of U.S. and European foods on Thursday in response to Western sanctions, confronting Russians with a type of economic isolation largely unseen since the Soviet era. “Prime Minister Dmitry Medvedev outlined the products subject to […]
Bill Brock, team leader of Destination America's new show Monsters Underground, premiering August 22, shares his thoughts on baiting Bigfoot. Why would Bigfoot want some processed crap when he has the best Organic farm ever? Just wondering I guess... Show More Summary
Mike Illum has succeeded Bill Levisay as chief customer officer at Bolthouse Farms.