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Agriculture

Interpreting USDA's Net Farm Income Forecast

On February 7, 2017, the USDA forecasted 2017 net farm income at $62.3 billion. Many of the financial headlines focused on the continued decline of net farm income, but our analysis shows that these initial forecasts tend to under-predict net farm income. As a result, the forecast history since 1975 suggests that net farm income is expected to exceed this initial forecast. [node:read-more:link]

Sign up to receive updates on progress of USDA Bioengineered Food Disclosure Rule

The National Bioengineered Food Disclosure Standard Law was enacted by Congress on July 29, 2016. AMS has two years to establish the standard and the procedures necessary for implementation. AMS sought input from stakeholders through August 25. The public will also have the opportunity to comment on any proposed rule during the rulemaking process. To view the questions under consideration, visit the Proposed Rule Questions Under Consideration page on the AMS Website. [node:read-more:link]

Texas Ag Commissioner Sid Miller Calls for Agency Fee Reductions

As a result of the efficiencies and cost savings under his administration, Texas Agriculture Commissioner Sid Miller today has directed agency staff at the Texas Department of Agriculture (TDA) to find cuts in fees administered by his office. “I’ve been able to achieve some cost savings and managed our budget well, so just like a business, we’re passing that along to our ag producers and taxpayers by way of fee reductions,” said Commissioner Miller. [node:read-more:link]

McDonald's developing species specific policies

 McDonald’s Corp. plans to develop species- specific policies and timelines for its suppliers to provide chicken, beef, pork, eggs and dairy sourced from animals not treated with “highest priority critically important” antibiotics.  The chain outlined its goals for antibiotic stewardship in the company’s Global Vision for Antibiotic Stewardship in Food Animals (VAS). [node:read-more:link]

McGovern, others urge USDA to provide relief to dairy farmers

Several federal lawmakers from Massachusetts joined other Washington lawmakers on Wednesday urging the U.S. Department of Agriculture to provide dairy farmers with relief and new insurance. The two congressman who represent Franklin County in the U.S. House of Representatives, James McGovern and Richard Neal, and U.S. senators from Massachusetts, Ed Markey and Elizabeth Warren, joined 19 others including Sens. [node:read-more:link]

Michigan Dept. of Ag to spur investment with $4.7M in new incentives

The Michigan Department of Agriculture and Rural Development will deploy $4.7 million for its Food and Agriculture Investment Program, which it operated as a pilot project in the current fiscal year.  Officials believe the program will become a mainstay in Michigan’s economic development toolbox because it helps fill funding gaps for agribusiness expansion projects that do not meet the requirements for traditional performance-based grants from the Michigan Economic Development Corp. [node:read-more:link]

This is why when you talk about climate change, you can’t ignore agriculture

Agriculture has historically released almost as much carbon into the atmosphere as deforestation, a new study suggests — and that’s saying something. In a paper published this week in Proceedings of the National Academy of Sciences, researchers found that land use changes associated with planting crops and grazing livestock have caused a loss of 133 billion tons of carbon from soil worldwide over the last 12,000 years, amounting to about 13 years of global emissions at their current levels. [node:read-more:link]

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