Farmer pessimism about the economy is at its lowest in nearly a decade. That’s according to a recent survey conducted by the Purdue Center for Commercial Agriculture.
The Purdue University-CME Ag Economy Barometer Index for September was at 88. That’s down 12 points from the August survey and 25 from July’s results. It’s also down 18 points from where the index was a year ago, with growers’ concerns for both the future and present leading to steep drops in both subcategories.
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Republican California Rep. John Duarte unveiled his plan to save American farmers from possible financial ruin due to long-standing Chinese tariffs in an exclusive interview Wednesday with the Daily Caller News Foundation.
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Fueled by massive federal subsidies in the Inflation Reduction Act (IRA), solar developers are looking to the wide open spaces of rural lands as the best places to site their projects. This is also where much of America’s farm and range land is located, as well as communities that like the existing look and character of their neighborhoods.
Last week, President Biden said of the IRA, “I’m proud to announce that my, uh, my investments, that through my investments, the most significant climate change law ever. And by the way, it is a $369 billion bill. It’s called the — uh, we, we should have named it what it was.”
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U.S. farmers’ confidence in the economy cratered in April, according to the latest monthly report from Purdue University.
The Purdue University-CME Group Ag Economy Barometer for last month, which was released Tuesday, fell 15 points from March. At 99, the current score is the lowest the barometer has dropped since it reached 97 in June 2022.
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Not since Prohibition has the federal government sought to ban a product as popular as the internal combustion engine.
This week, the Environmental Protection Agency released its final emissions standards rule, requiring that 70% of new vehicle sales be pure battery-powered electric or hybrids by 2032.
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The European Union (EU) is withdrawing a pesticide proposal amid protests by farmers against environmental regulations, The Associated Press reported.
European Commission President Ursula von der Leyen announced the decision Tuesday to suspend a regulation that aimed to cut pesticide and similar chemical use in half by 2030, according to The Guardian. The move is the latest concession by the EU to farmers who have staged sweeping protests across the member nations against environmental regulations they feel are hurting their livelihoods.
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Farmers in Belgium plan to block road access to the second-largest port in the country in protest of the European Union’s environmental regulations and cheap food imports, Reuters reported.
Farmers are planning to block access to Belgium’s North Sea port for at least 36 hours beginning on Tuesday, according to Reuters. The General Farmers Syndicate, the union representing the farmers, says they are targeting the port because they believe it is receiving financial support at the expense of domestic farmers.
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From ancient Egypt to medieval England, cultivating one or more crops in the same field was common practice among many farmers for thousands of years. However, in the last century, food producers largely stopped ‘intercropping’ and moved towards an industrial type of agriculture – a shift that contributed to 34% of the world’s farmland being degraded today.
“Interest is growing in intercropping [again] because farmers increasingly understand it improves their soil health,” said Jerry Allford, an organic farmer and advisor from the Soil Association, a UK charity promoting sustainable agriculture. Jerry thinks this renewed focus can “open up a whole new way of farming” because it can bridge profitability with regenerative agriculture practices.
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American agricultural workers could soon receive financial compensation when their livestock gets killed by a wolf that advocates are hoping to increase in population.
Lawmakers introduced the Wolf and Livestock Fairness Act to Congress on April 18. The bill would provide financial compensation to farmers whose livestock are harmed by the endangered Mexican Grey Wolf species. The one clause; don’t kill the wolf.
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Belgian and Dutch farmers are protesting because they are losing their livelihoods in the name of fighting so-called climate change as European governments seek to reduce emissions of nitrogen oxide and ammonia, necessary inputs of modern agriculture. Will American farmers and consumers soon face the same fate?
European farmers are being told that because of the aim for “net-zero emissions” of greenhouse gases and other so-called pollutants in 2050, their industry is being phased out if they can’t adapt.
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Farmers aren’t likely to enjoy a calm year this year, according to agricultural economists from Purdue University. After a year of dealing with historic inflation rates, farmers must now be prepared for an economic downturn that could spark a recession. However, there’s even more uncertainty across the horizon, said Roman Keeney, an associate professor of economics at Purdue’s College of Agriculture.
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Farmers borrow short term money up front every year to pay for inputs and operating expenses. At harvest time when they sell their crops, they pay back their operating notes.
For the first time in 20 years, fast-rising interest rates have doubled the cost of short term operating notes, an impact a lot of farmers have never seen before.
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The Biden administration is reportedly considering clamping down on a widely-used herbicide that farmers and industry groups have argued is key for maintaining low prices.
The Environmental Protection Agency (EPA) is considering tighter restrictions on the use of atrazine, a key herbicide often applied to corn, soybeans and sorghum, according to a March letter from the Triazine Network obtained by the Daily Caller News Foundation. The Triazine Network is a coalition of more than 20 industry groups including members of the National Corn Growers Association, the National Grain Sorghum Producers Association and the Florida Fruit and Vegetable Association.
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Goods and services around the country are becoming increasingly more expensive, but farmers may be among the hardest hit as inflation, supply chain issues, and Russia’s invasion of Ukraine are expected to send food prices soaring even higher.
That impact is being felt by farmers around the country.
“The cost of fertilizer is up as much as 500% in some areas,” said Indiana Farm Bureau President Randy Kron. “It would be unbelievable if I hadn’t seen it for myself as I priced fertilizer for our farm in southern Indiana. Fertilizer is a global commodity and can be influenced by multiple market factors, including the situation in Ukraine, and all of these are helping to drive up costs.”
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Last week the Wall Street Journal reported that a shortage of fertilizer is causing farms in the developing world to fail, threatening food shortages and hunger. Ironically, the lead photo is of mounds of phosphate fertilizer in a Russian warehouse.
Modern synthetic fertilizers are typically made using natural gas or from phosphorous-bearing ores. The former provides the nitrogen that is critical to re-use of fields in commercial agriculture. They constitute more than half of all synthetic fertilizer production.
So what happens when oil and natural gas extraction are crippled in industrialized nations? One likely outcome is that the fertilizer manufacturing industry is also crippled, leaving both large commercial growers and smaller farms around the world starved of a key substance they need to grow food for hungry populations.
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Hogs born Jan. 1, 2022, or later are subject to California’s Prop 12.
Some Iowa agricultural leaders have criticized the law, which prohibits the sale of pork from hogs that are the offspring of sows that were raised in pens with less than 24 square feet of usable floorspace per pig.
California accounts for about 15% of the U.S. pork market, the National Pork Producers Council said in a September news release. The NPPC is asking the U.S. Supreme Court to determine Prop 12’s constitutionality.
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Some of the world’s top emitters of methane haven’t signed a global effort to curb how much of the greenhouse gas is emitted by 2030.
The three countries – China, Russia and India – that produce the most methane emissions in the world haven’t signed onto the pact, which has been spearheaded by the U.S. and European Union ahead of a major United Nations climate conference. The nations that have signed the agreement represent nearly 30% of global methane emissions, the State Department said Monday.
The U.S. and EU unveiled the Global Methane Pledge on Sept. 18, which they said would be key in the global fight against climate change. The U.K., Italy, Mexico and Argentina were among the seven other countries that immediately signed the agreement last month.
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The Supreme Court ruled Thursday that Nestle USA and Cargill could not be sued for alleged human rights abuses that occurred overseas.
The plaintiffs, six Mali citizens enslaved as children on Ivory Coast cocoa farms supplying the food giants, sued Nestle and Cargill for damages, alleging the companies had aided and profited from child labor. The court ruled the corporations could not be sued for the overseas abuses.
“Nearly all the conduct they allege aided and abetted forced labor—providing training, equipment, and cash to overseas farmers—occurred in the Ivory Coast,” Justice Clarence Thomas wrote in the majority opinion.
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United States District Judge William C. Griesbach sustained a motion last week for a temporary restraining order to block a program under the Department of Agriculture to forgive certain government loans for farmers belonging to at least one “socially disadvantaged group.” The Department of Agriculture identified groups eligible for this classification as “a group whose members have been subjected to racial or ethnic prejudice because of their identity as members of a group without regard to their individual qualities . . . one or more of the following: Black/African American, American Indian, Alaskan native, Hispanic/Latino, Asian, or Pacific Islander.”
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A federal judge Thursday afternoon suspended a loan forgiveness program that issues relief to farmers and agricultural workers of color.
Judge William Griesbach of Wisconsin’s Eastern District handed down a temporary restraining order after the conservative Wisconsin Institute for Law and Liberty (WILL) filed a lawsuit in April. The group alleged in its announcement that President Joe Biden’s relief program was unconstitutional and that white farmers should have been included in the loan program.
“The Court recognized that the federal government’s plan to condition and allocate benefits on the basis of race raises grave constitutional concerns and threatens our clients with irreparable harm, said Rick Esenberg, WILL’s president and general counsel, in a press release Thursday. “The Biden administration is radically undermining bedrock principles of equality under the law.”
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Christopher Baird owns a dairy farm near Ferryville in southwest Wisconsin, not far from the Mississippi River. He milks about 50 cows and farms approximately 80 acres of pasture.
Like a lot of farmers, Baird has direct loans through the U.S. Department of Agriculture’s Farm Service Agency.
But the dairy farmer isn’t entitled to a new FSA loan-forgiveness program provided as part of COVID-19 relief in the $2 trillion American Rescue Plan Act, legislation touted Wednesday night by President Joe Biden in his address to Congress.
Baird is white. He joined four other white farmers Thursday in suing federal officials over being left out.
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In all the gloom and doom, and media-driven nihilism, there is actually an array of good news. As many predicted, as testing spreads, and we get a better idea of the actual number and nature of cases, the death rate from coronavirus slowly but also seems to steadily decline.
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With the election around the corner, the D.C. swamp is hard at work. Various special interests are trying to make their pet issue look like an election asset or liability. One interest group working overtime is the biofuel lobby. The federal Renewable Fuel Standard – or RFS – is often falsely labeled as a “pro-farmer” energy policy that helps the Heartland.
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