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The USDA predicts a 12-Year Low in Farm Profits

Lackluster crop prices and signs of stress for agriculture have continued in 2018, as the United States Department of Agriculture predicts net U.S. farm profits to hit a 12-year low, according to a new report.

The first USDA Farm Income Forecast of 2018, released on Wednesday, predicts a 6.7 percent decline in net farm income, in addition to the lowest average of net cash farm income since 2011.

EPA chief says he is disarming agency ‘weaponized’ by Obama

Environmental Protection Agency chief Scott Pruitt said the Trump administration is “righting the wrongs” of President Barack Obama by reversing a host of regulations designed to “weaponize” the agency and punish the fossil fuel industry. At the end of a three-day swing through Nevada on Tuesday, Pruitt said the federal government shouldn’t use its regulatory power to throttle certain sectors of the economy.

Cutting Crop Insurance for Big Farms Would Hurt Small Farmers Too

America’s largest farms are far less risky than smaller operations and typically have fewer crop insurance claims, according to a new working paper from top agricultural economists. And proposals to exclude those farms from crop insurance could drive up costs for small farmers. The study comes as Congress takes up debate on the future of America’s farm policy.In crop insurance, farmers pay significant premiums for insurance coverage that is delivered by the private sector.

Ethanol CEO says Pruitt trying to "gut" federal mandate

Ethanol companies are enraged by EPA Administrator Scott Pruitt's comments Thursday that the program ensuring compliance with the federal biofuels requirement needs reform.  "Administrator Pruitt's recent comments completely contradict his own rule and repeated promises to support the letter and spirit of the RFS," he said. "It is an about-face to now try and gut the most successful energy program in American history."

Perdue Unveils, Interactive Website for Agricultural Producers

U.S. Secretary of Agriculture Sonny Perdue today unveiled, the new interactive one-stop website for producers maintained by the U.S. Department of Agriculture (USDA). is now live but will have multiple features added over the coming months to allow agricultural producers to make appointments with USDA offices, file forms, and apply for USDA programs.

Tax overhaul gives break to farmers who sell to co-ops.

The background to this new tax law is an example of what is wrong with Washington. At the last minute, concerned that the new tax law would eliminate a benefit that co-ops had been using in previous law, two senators got language inserted that they now appear to regret. The language gives a 20 percent deduction of the net proceeds for any commodities sold by farmers. That is huge. It gives a 20 percent deduction of the gross proceeds for any commodities sold by farmers to a co-op. That is gigantic.Just do the math. Farmers are not making a 20 percent margin at current prices.

FDA Takes Important New Steps to Strengthen Oversight of Food Imports

First, the FDA announced that it has recognized the first accreditation body under the voluntary Accredited Third-Party Certification Program created by the FDA Food Safety Modernization Act (FSMA).The organization being recognized is ANSI-ASQ National Accreditation Board (ANAB), an organization jointly owned by the American National Standards Institute (ANSI) and the American Society for Quality (ASQ) based in Milwaukee, Wisconsin. This organization is being recognized because it met the applicable FDA requirements, validated through application review and on-site assessment.


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