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Agriculture

Ag Lending Variables and Farmland Values

“Rounding out a year characterized by lower farm incomes, uncertainties about agricultural trade and the growth of lending volumes, interest rates on agricultural loans trended higher. The mounting combination of higher leverage and rising rates could put additional pressure on some farm operations.” Today’s update looks at the Kansas City Fed update in more detail with a particular focus on agricultural lending variables and farmland values.“Non-real estate lending continued to increase in the fourth quarter, according to the National Survey of Terms of Lending to Farmers. [node:read-more:link]

African Swine Fever confirmed in products brought to Australia

Officials in Australia have identified the African Swine Fever (ASF) virus in six pork products tested under recent routine border checks at Australian airports and mail processing centers as they were about to enter the country. Two weeks of testing by the Australian Animal Health Laboratory uncovered six pork products among 152 seized and tested that were contaminated with the ASF virus. Authorities said the detection of the virus at the border does not change Australia’s ASF-free status, the report added. The nation’s pork producer organization, Australian Pork Ltd. [node:read-more:link]

Nebraska farmer denied poultry permits

A Nebraska farmer looking to add chickens to his operation, in order to supply Lincoln Premium Poultry with broilers for Costco’s rotisseries, has been denied the permits to do so. he spate of chicken farms being built in an area traditionally known for cattle and crops has spurred opposition from neighbors concerned about pollution, traffic and pests.  [node:read-more:link]

“Ag Gag” Litigation Update

From a recent finding of unconstitutionality in Iowa, to an award of attorney’s fees in Idaho, to a new legal challenge in Kansas, “ag gag” laws have continued to be in the news recently.  “Ag gag” laws are generally designed to prohibit a person from entering an agricultural operation without permission or by fraudulent means and obtaining video or photographs of the operation. [node:read-more:link]

Trump trade policy: Playing a game of chicken with American agriculture

Not withstanding, the president’s rhetoric, after 14 months of what appeared to be stressful negotiations, the new NAFTA (the U.S.-Mexico-Canada Agreement or USMCA) ended up looking a lot like the old NAFTA with relatively small changes in the agricultural provisions. The good news was not really that that there was promise of additional access to Canada’s dairy, poultry and eggs sectors (the benefits from which have been estimated to be small, increasing NAFTA exports by about 1 percent). [node:read-more:link]

Farms, More Productive Than Ever, Are Poisoning Drinking Water in Rural America

Chuck Wagner has given up on drawing clean water from his faucets. When he moved, 23 years ago, to 80 acres situated between dairy farms in northeastern Wisconsin, he built a home and drilled a 123-foot well. The water tested clean, and his family drank it. Five years later, tests showed it was contaminated with bacteria and nitrates, potentially harmful and often derived from nitrogen in manure and fertilizer.One in seven Americans drink from private wells, according to the U.S. Geological Survey. [node:read-more:link]

Cornell professor shares 2019 dairy economy predictions

Famers’ earnings for their milk, determined by milk prices, have remained relatively low in recent years, and as production costs continue rising, several struggle to keep up with their expenses. Many have widely blamed low milk prices on an international oversupply of dairy goods.The average milk price is expected to rise slightly this year from $16.20 per hundredweight in 2018 to $16.80, but could rise as much as one or two dollars.Mr. [node:read-more:link]

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