CoBank: U.S. Economy Gaining Momentum

The U.S. economy continues to outperform expectations as stimulus funds are fueling robust consumer spending. Forecasts point to 7% GDP growth for 2021, the fastest rate of expansion since 1984, according to CoBank. But for the economy and rural industries, CoBank said there will be no going back to pre-COVID conditions. Researchers said the focus […]

Growth Energy: To Decarbonize Transportation, America Must Turn to Biofuels

Following President Biden’s announcement last week of a nationwide infrastructure package, Growth Energy says the plan overlooks the need to expand low carbon biofuels, like ethanol. The American Jobs Plan seeks to improve highways, bridges, ports, airports and transit systems. The plan also seeks to improve drinking water, the electric grid, and broadband. In total, the […]

Georgia Representative Looking to Replace Collin Peterson as Ag Chair

Georgia Democrat David Scott is the most senior member of the House Agriculture Committee after current Chair Collin Peterson. The Hagstrom Report said Scott is throwing his hat into the ring as someone who’d like to be the next Chair after Peterson, who recently lost his re-election bid to Michelle Fischbach. Scott is the chair […]

U.S. Economy Still Sputtering as Ag Economy Showing Signs of Life

CoBank said the U.S. economy has shown signs of improving since late spring. However, progress has slowed, and the economy remains fragile. With another relief package is off and then on the table, for now, CoBank says the economy will remain sluggish through the end of the year. A new Quarterly Report from CoBank’s Knowledge […]

Biden Releases Rural America Plan

On Wednesday, Joe Biden’s Presidential Campaign released the former Vice President’s plan for Rural America. Biden says the plan will pursue a rural economic development strategy that “partners with rural communities to invest in their unique assets.” The plan’s goal is to give young people more options to “live, work, and raise the next generation […]

CoBank: Ethanol Industry Needs to Transform Itself

A new report from CoBank’s Knowledge Exchange says the ethanol industry may have to diversify itself in the future. The report said excess production capacity and reduced demand will force the U.S. ethanol industry to “transform its business model to create more value and improve its operational efficiency.” CoBank predicts that consolidation within the industry […]