Agriculture

The big fight in the Nebraska Legislature this year is over plans to reduce property taxes, which has the state's farm lobbies pushing lawmakers hard for some relief. Numbers taken from the 2017 Ag Census show Nebraska farmers have more reason to complain about property taxes than farmers in nearby states.Farm income nationally fell between 2012 and 2017, and land values fell in some states during that time. Property taxes nationally for farmers went up $2 billion over that five-year stretch, jumping from $7.4 billion to $9.4 billion. [node:read-more:link]

For five straight months, the Rural Mainstreet Index(RMI) has shown above neutral growth for the rural economy. The monthly survey of bank CEOs in a 10-state Midwest region is at 50.0 for April 2019, which is at growth neutral and down slightly from 52.9 in March.  “Our surveys over the last several months indicate the Rural Mainstreet economy is expanding outside of agriculture. However, this month, 43.8% of bank CEOs indicated that the recent floods were having a negative impact on their local economy,” says Ernie Goss, who chairs Creighton’s Heider College of Business and leads the RMI. [node:read-more:link]

As devastating images of the 2019 Midwest floods fade from view, an insidious and longer-term problem is emerging across its vast plains: The loss of topsoil that much of the nation’s food supply relies on. Today, Midwest farmers are facing millions of bushels of damaged crops such as soybean and corn. [node:read-more:link]

High-paying blue-collar jobs lifted incomes in West Virginia, New York and Illinois last year, even though the states lost residents, while farmers and government workers shared the pain of more stagnant income in Nebraska, Maryland and Washington, D.C.The new per-capita income numbers show how national policies and international markets directly affect state and local pocketbooks. Deregulation in the United States and a heat wave in China boosted coal demand in West Virginia, for example, while overseas mining and farming led to more giant truck manufacturing in Illinois. [node:read-more:link]

The so-called bomb cyclone that brought heavy snow, blizzard conditions and major flooding to the Midwest in March landed with a resounding meteorological “ka-boom!” and became one of two billion-dollar weather and climate disasters this year. The other was a severe storm that struck the Northeast, Southeast and Ohio Valley in late February. And it’s only April. [node:read-more:link]

African swine fever (ASF) is widespread in China, spreading elsewhere around the world and carries significant potential to impact all animal protein industries in 2019 and beyond. [node:read-more:link]

The 9th Circuit Court of Appeals has given the Environmental Protection Agency 90 days to decide whether to allow the use of chlorpyrifos. The appeals court issued a three-paragraph order today giving the agency until mid-July to respond to objections from farmworker and environmental groups to EPA's 2017 decision permitting continued use of the insecticide. [node:read-more:link]

The U.S. Department of Agriculture’s recently released 2017 Census of Agriculture data show the amount of land in the largest federal conservation programs has decreased nationwide and in many Midwest and Plains states. But that doesn’t mean farmers are ignoring soil health, nutrient runoff or erosion problems. The census asks about federal conservation and wetlands programs, which Michigan State University researcher Adam Reimer said typically refers to land retirements — taking marginal lands out of production in exchange for money. [node:read-more:link]

Researchers at the Agriculture Department laughed in disbelief last summer when they received a memo about a new requirement: Their finalized, peer-reviewed scientific publications must be labeled “preliminary.” The July 2018 memo from Chavonda Jacobs-Young, the acting USDA chief scientist, told researchers their reports published in scientific journals must include a statement that reads: “The findings and conclusions in this preliminary publication have not been formally disseminated by the U.S. [node:read-more:link]

According to the National Survey of Terms of Lending to Farmers, non-real estate lending continued to increase at a moderate pace in the first quarter. The volume of non-real estate loans increased 9 percent from a year ago (Chart 1). Although the volume of loans to finance operating expenses remained relatively steady, volumes for livestock loans and loans to finance machinery and equipment increased. The increase in livestock lending likely was due, in part, to slightly higher prices for livestock. [node:read-more:link]