Ag Bankers Looking To Congress For Assistance

Ag bankers are asking Congress to take action on the Enhancing Credit Opportunities in Rural America act, better known as ECORA.  What would this legislation do for rural America?   Ed Elfmann, Senior Vice President for Ag and Rural Banking Policy at the American Bankers Association, said the legislation will lower the tax rate on […]

Warnick: We Need To Protect Active Farmland

Judy Warnick says she’s see a disturbing trend across her senate district.  The Moses Lake Republican said she has seen several solar farms crop up on active farm land across Kittitas County.  And while installing solar panels may not take the land out of farm production technically, she noted it makes it challenge to move […]

DeHaan: Trade War Responsible For Oil Price Increase Decrease This Week

Oil prices have started this week fairly quiet, which is in stark contrast to the volatility was saw last week.  Patrick DeHaan with GasBuddy.com says this volatility, which is a typical for 2019, was due to uncertainty with China.   “When there was pessimism last week, some doubts over the past week over the trade […]

Rural Mainstreet Index Rises Again

The Creighton University Rural Mainstreet Index for October climbed above growth-neutral.  The index is a monthly survey of bank CEOs in rural areas of a 10-state region that depends on agriculture and/or energy.   The index rose to 51.4 in October, up from 50.1 in September.  While the reading is still weak, it’s the highest […]

Trump Twitter Tirade on USMCA Inaction

President Trump once again took to Twitter to lash out at House Democrats over their inaction on USMCA.  President Trump placed the blame for leaving USMCA squarely on Speaker Nancy Pelosi and House Democrats for leaving USMCA “dead in the water.”   USMCA is not the only legislation that’s awaiting action as the House and […]

AFBF: Bill Will Help Preserve Family Farms

Supporters of a bill introduced in the House of Representatives last week say it will help more farm families continue operating their farms after the death of a loved one.  The Preserving Family Farms Act of 2019 is sponsored by Jimmy Panetta of California and Jackie Warlorski of Indiana and has the full support of […]

“Phase Two” U.S. and China Agreement not Imminent

U.S. and Beijing officials, lawyers, and other trade experts all tell Reuters that a “phase two” trade deal between the U.S. and China is nowhere near imminent.  The two largest economies in the world are still having trouble getting the phase one deal signed.   Back in October, President Trump said he expects to quickly […]

National Farm Credit System, “Safe And Sound”, Smith Says

The farm economy is soft, which has many economists worried.  However, the nation’s farm credit system is ‘safe and sound’, that according to Farm Credit Administration Chair, Glen Smith.  With higher farm debt levels, continued low commodity prices, Smith says we re not yet at the crisis levels of the late 1980’s, however, he noted, […]

Brazil Agrees To Purchase More American Wheat

Brazil has agreed to purchase products from outside of South America.  And the USDA’s Ted McKinney said American wheat growers will be one of the main beneficiary. “For many, many years brazil had been sitting on a 750,000 metric ton of wheat TRQ which is an allotment.” McKinney added Brazil in implementing its annual duty […]