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Ohio law may shield Fire Ball manufacturer in fatal fair accident

The manufacturer of the Fire Ball ride that broke apart at the Ohio State Fair, killing one person and injuring seven others, could be protected from liability by a state law approved more than a decade ago. What was then called “tort-reform” legislation now will “make the fight for justice much more difficult to achieve” for the victims of the ride failure, said Columbus attorney Michael Rourke. [node:read-more:link]

Dairy Processors Stretched by Milk Production Gains

Every year, U.S. dairy farmers produce 3 billion more pounds of milk than the year before. For the past few years, production growth has outpaced processing capacity growth and dairy processors are struggling to keep pace. As a result, “Dairy processors are faced with the challenge of handling an ever-growing milk supply, while anticipating the right product mix to meet consumer demand,” said Ben Laine, senior dairy economist at CoBank. “An additional 27 billion pounds of U.S. [node:read-more:link]

NAFTA talks spark deep divide in American agriculture

A group of mostly southeastern U.S. farmers want a major change to NAFTA, which they say has hurt them. But a separate coalition of farmers and industry leaders are vehemently opposed to the agriculture overhaul, saying it's bad for business. The thorny debate illustrates how NAFTA's winners and losers have been defined along fine lines, from one farm to another. The key issue for some U.S. farmers is proving whether Mexican or Canadian growers are selling tomatoes, blueberries, avocados and other products at a price well below the average price tag. A group of mostly southeastern U.S. [node:read-more:link]

Estate tax debated to death

While the political focus of the estate tax is on farmers and ranchers, few producers pay the estate tax. USDA's Economic Research Service studied the issue earlier this year and concluded 1.7% of farm estates in 2016 had to file an estate-tax return. Of that group, 0.42% are estimated to owe any taxes. ERS estimated farm estates paid $344 million in taxes for 2016. "It impacts hardly any farmer, and in fact it impacts hardly any people across the U.S., far less than 1%," said Roger Johnson, president of NFU. "They are the wealthiest among us. [node:read-more:link]

Is There Really Too Much Milk?

Milk futures have taken a beating over the past month with prices experiencing very few days of higher closes. Technically, futures should be about ready to rebound in price retracing some of the losses experienced during that period of time.The bottom line is that there is just too much milk and product out there to warrant much higher prices. Yes, prices could increase to some extent and hopefully we will experience Class III futures back to $17.00 again before the end of the year, but there is significant lost ground to regain. [node:read-more:link]

Craft beer sales slow, and industry changes may be on the way

A bubble in Oregon’s revered craft beer industry? Sales have slowed and some breweries have closed, but the state Office of Economic Analysis isn’t going on a bender about it. Senior Economist Josh Lehner, who has written extensively about the economic impact of the state’s “alcohol cluster,” said it’s likely the industry is maturing. [node:read-more:link]

Texas and Florida Farmers: Time to Face Crop Loss

It will take months to calculate the damage Hurricanes Harvey and Irma unleashed this summer on the states of Texas, Louisiana, and Florida: dozens of lost lives, hundreds of thousands of destroyed homes, tens of billions in property damage and untold suffering and disruption. Some losses will take years to mend, some can never be mended at all. For farmers, once conditions clear enough to inspect fields, a first order will be to assess losses to their crops. [node:read-more:link]

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