Lane Concerned About Spending Proposals From D.C.

Lawmakers in D.C. continue to discuss spending proposals into the billions of dollars, and some even into the trillions. And while details have yet to be ironed out, many of the funding proposals include an increase in estate taxes and capital gains taxes. “It’s a scary time for agriculture and for cattle producers because there […]

U.S. Dairy Industry’s Economic Impact Totals $753 Billion

The U.S. dairy industry continues to play a strong role in the U.S., supporting 3.3 million total jobs and $41.6 billion in direct wages. The International Dairy Foods Association released the findings in an economic impact report this week. IDFA’s 2021 Economic Impact Study, which measures the combined impact of the dairy products industry, says […]

Ag Coalition Calls for More Ag Research Funding

A coalition of agriculture groups and universities are calling on Congress and the Biden administration to increase funding for agricultural research. The groups say an increase of $40 billion is needed for agricultural research. In separate letters to President Joe Biden and House and Senate leadership, the groups say, “We strongly support a robust investment […]

Food Service Sector Needs Workers to Meet Demand

The foodservice industry is opening nationwide with relaxed restrictions following the height of the COVID-19 pandemic. However, worker shortages are a growing problem, as restaurants must compete with better-paying jobs and unemployment benefits. Operators are raising wages, offering first-day bonuses and some McDonald’s locations are even giving new employees iPhones. The foodservice sector provides significant […]

Rural Development Helps Farm Country In A Variety Of Ways

USDA’s Rural Development is larger than you might think. Deputy Undersecretary for Rural Development, Justin Maxson said the agency has roughly $243 billion in assets, making them the 13th largest bank in the country. “We are primarily an infrastructure bank that provides affordable and risk tolerant financing that allows communities to build the foundations of […]

Cyberattacks A Focus Of Ag Industry Following JBS Attack

This week’s ransomware attack on JBS, the world’s largest meat supplier, has refocused agriculture’s attention on cybersecurity and again raised key economic issues for the Ag and food industries. USDA has contacted several major meat processors, the FBI is investigating, and President Biden has launched a “rapid strategic review.” American Farm Bureau Economist Veronica Nigh […]

May Ag Economy Barometer Tumbles

The Purdue University/CME Group Ag Economy Barometer tumbled significantly in May, dropping 20 points to an index reading of 158. That marks the lowest point for the survey since September. Producers were less optimistic about both the current conditions and the future of the agricultural economy. The potential for changing tax rules and rising input […]

ODOE To Launch Program To Help Farms Be More Energy Efficient

The Oregon Department of Energy has been awarded a $100,000 USDA grant intended for Energy Efficiency and Renewable Energy Development Assistance. Jennifer Kalez, with the ODOE, said the funding will support energy audits for Oregon agricultural producers and rural small businesses. “What that audit will do is analyze energy consumption and hopefully identify potential efficiency […]

Regional Farm Credit Conditions Improving

Further strengthening of the U.S. ag economy bolstered farm credit conditions in the first quarter of 2021. A Federal Reserve survey of agriculture credit conditions shows farm loan repayment rates continue to improve rapidly. After many years of growing financial stress and weakness in the ag economy, bankers reported that farm income was higher than […]