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Agriculture

Ag Lenders Say Farmers Depend on Off-Farm Income

The chief economist for the American Farm Bureau Federation says the worst threat to farmers currently is a general economic recession. It’s because so many farmers have now become dependent on off-farm income to make ends meet and stay in operation. Farm Bureau’s Chief Economist, John Newton, spoke during a panel of ag economists’ discussion at the Crop Insurance Industry Convention. “Farm lenders say the reason why we can continue to do what we are doing is off-farm income,” Newton says. “It’s off-farm income that allows folks to continue to farm. [node:read-more:link]

Dairy farms vanish as agriculture struggles

It’s no secret agriculture is struggling, and dairies are bearing the heaviest burden. One state official said farmer stress levels are “at least as bad” as they were during the 1980s agriculture crisis.Low prices and an oversupply of milk have caused hundreds of Wisconsin dairies to close. And it’s not just dairy farms. It’s hard to find a commodity that isn’t in a rut.Some farms close because of tough financial conditions. Others have no successor. [node:read-more:link]

Key animal ag areas facing depopulation

Rural counties are experiencing long-term population loss, and the trend is particularly acute in the Great Plains where animal agriculture has played a major role for centuries, according to new research by the University of New Hampshire.  Across the country, nearly 35 percent of rural counties are experiencing protracted and significant population loss, according to a release about the study from the university’s Carsey School of Public Policy. [node:read-more:link]

Farmland Values in 7th District

For 2018, annual farmland values in the Seventh Federal Reserve District were steady overall. Yet, values for “good” agricultural land in the fourth quarter of 2018 were up 1 percent from the third quarter, according to 183 survey respondents representing agricultural banks across the District. Although 75 percent of the responding agricultural bankers expected farmland values to be stable during the January through March period of 2019, nearly all of the rest expected farmland values to move down. [node:read-more:link]

In Roundup Case, the Science Will Go on Trial First

Judge’s novel approach is latest attempt to resolve long-running legal debate over cases that hinge on complex scientific questions.In a San Francisco courtroom this month, a jury will be asked to weigh a complicated question: Did Roundup weedkiller cause a man’s cancer? The jurors will assess the credibility of competing studies that delve into cell mutations, cancer epidemiology and genotoxicity. [node:read-more:link]

Gov. Tom Wolf proposes tax breaks, loans in new Pa. Farm Bill

The agriculture industry is facing a workforce shortage and Gov. Tom Wolf’s administration hopes to address it with the Pennsylvania Farm Bill, a proposal that is being described as historic. This multi-faceted $24 million package includes a variety of measures aimed at cultivating future generations of farmers and providing assistance to help new and beginning farmers. Lawmakers hailed the Farm Bill proposal as the first time in generations that agriculture was given some focused attention in a governor’s budget proposal. [node:read-more:link]

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