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Agriculture

SARL VP's farm wins 2018 Grower Achievement Award

Autryville, NC-based Jackson Farming Company is the 2018 winner of American Vegetable Grower's prestigious Grower Achievement Award. First generation growers Brent and Debbie Jackson and their son Rodney Jackson demonstrate what can be accomplished when you’re willing to aim for long-term success.The Jackson Family will receive the American Vegetable Grower Grower Achievement Award in Washington, D.C., on September 24, 2018, during the United Fresh Produce Association’s Washington Conference.

SARL member Manitoba Minister Ralph Eichler signs MOU with Indiana

Lt. Governor Suzanne Crouch, Indiana State Department of Agriculture Director Bruce Kettler and members of the Indiana agricultural delegation met with officials from Canada’s Manitoba Province today to discuss opportunities to grow both regions’ agricultural sectors. Through a signed memorandum of understanding, the Indiana and Manitoba departments of agriculture agreed to facilitate cooperation in several areas including agricultural research and development, youth education and leadership, and trade investment – all for the purpose of mutual economic growth.

Rising US-China trade tensions 'couldn't come at a worse time': Iowa agriculture secretary

The ratcheting of the U.S.-China trade war is unfortunate and comes at a lousy time for farmers, according to Iowa Agriculture Commissioner Mike Naig. The state official said farmers in Iowa are in the harvest season for key crops such as soybeans and corn, which are among the farm commodities already hit by China's tit-for-tat tariffs.Beijing struck back against the Trump administration's new round of trade tariffs by imposing duties on $60 billion of American products, including cocoa powder and frozen vegetables.

Bankers Expect 7.8 Percent Decline in Farm Equipment Sales Next 12 Months

 For a seventh straight month the overall index rose above growth neutral. Bankers reported a decline in the sale of agriculture equipment and expect sales to decline by another 7.8 percent over the next 12 months.   More than one-half of bankers supported cutting recently enacted tariffs.  In reaction to weak farm commodity prices and income, almost one-third of bank CEOs reported rejecting a higher percentage of farm loans. 

2019 Crop Budgets Suggest Dismal Corn and Soybean Returns

Due to lower soybean prices and higher costs, budgets suggest returns will be very low for corn and soybeans in 2019.  Conserving cash, cutting investments, reducing costs, and renegotiating cash rents should be aggressively pursued.  If prices do not increase, the budgets indicate it is unlikely that farmers will be able to generate profits on rented farmland in 2019.

The Profit Problem of American Agriculture: What We Have Learned with the Perspective of Time

The problem of poor profits in American agriculture is not new or a secret, but it is not well known to most Americans, including most policy makers, even though the problem threatens an entire sector of our national economy. As such, the problem should be understood by policy makers at all levels of American government. Yet after more than 80 years of government policy interventions in agriculture, the problem remains: Farm income for 2018 is forecast to fall to its lowest real-dollar level in nearly two decades (USDA, 20018c).

After 'major escalation' in US-China trade war, what happens next?

The trade war between the United States and China just got a lot bigger after both sides announced their broadest waves of tariffs yet.The latest exchange of fire means the two economic superpowers will soon have imposed tariffs on more than $360 billion of goods.

Florence update: Animal deaths expected to top Hurricane Matthew toll

Hurricane Florence apparently has caused more livestock losses than Hurricane Matthew two years ago, as state officials and processing companies continue to assess the damage to operations and farms. The North Carolina Department of Agriculture and Consumer Services is estimating preliminary livestock losses – from the storm making landfall and subsequent flooding – at 3.4 million poultry and 5,500 hogs. Officials at the agency called Florence “an unprecedented storm” that affected the top six agricultural counties in the state. Florence covered the same areas hit by Matthew in 2016.

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