Senate Ag Committee to Hold Farm Economy Hearing

The Senate Agriculture Committee will hold a hearing on the farm economy conditions Thursday, May 25th, beginning at 9:00 a.m central. The hearing is recognized as the start of the Senate Agriculture Committee's farm bill hearings.

Trump Plan to Balance Budget Includes Farm Subsidy Cuts

A budget plan President Donald Trump is expected to submit to Congress Tuesday includes steep cuts to farm subsidies, according to Bloomberg News. The 2018 budget proposal, which would begin the process of balancing the budget within ten years.

Rural Mainstreet Climbs to Highest Level in Almost Two Years

After dropping below growth neutral for 20 straight months, the Creighton University Rural Mainstreet Index moved above the 50.0 threshold for May according to the latest monthly survey of bank CEOs in rural areas of a 10-state region.

Farm Labor wages mostly steady in region

In the Northern Plains Region (Kansas, Nebraska, North Dakota, and South Dakota) there were 32,000 workers hired directly during the week of April 9-15, 2017, Farm operators paid their hired workers an average wage of $14.02 per hour.

Perdue: U.S. Ag in Dire Straits

Sonny Perdue made his first appearance before the House Agriculture Committee recently as Secretary of Agriculture. He says the current U.S. agricultural economy is in dire straits but that could be helped by a stronger trade presence abroad.

White House Sends NAFTA Redo Notification Letter to Congress

The Trump administration has officially laid out its strategies to renegotiate the North American Free Trade Agreement with Canada and Mexico in a letter delivered today to Congress. The administrations main goal is to update the Clinton-era trade deal.

New Poll says No Boater Confusion at the Pump

A new survey claims boaters are confident when selecting fuels, including those that include ethanol. The report by CK Motorsports and Growth Energy released this week found 94 percent of boaters find it easy to pick the right fuel and are confident in th

USDA Political Appointment Nominees Coming Soon

According to reports, the White House is close to announcing nominees for political appointments to USDA. The names of Steve Censky, Bill Northey, Ted McKinney and Sam Clovis are expected to be named to leadership positions.

Regional Farm Sector Stress Intensifies

The farm economy in the Tenth District weakened in the first quarter of 2017, but conditions varied from east to west. Farm income, loan repayment rates and the value of most types of farmland all trended lower in each of the Districts seven states

Secretary Perdue Announces Creation of Undersecretary for Trade

USDA Secretary Sonny Perdue announced the creation of an undersecretary for trade and foreign agricultural affairs in the U.S. Department of Agriculture, a recognition of the ever-increasing importance of international trade to American agriculture.

White House Staffer Called Canada to Sway Trump on NAFTA

A White House staffer reportedly called an official in Canada last month to ask the nation to persuade President Donald Trump to not terminate the North American Free Trade Agreement.

Roberts Suggests no New Farm Bill Funding

Leadership of the Senate Agriculture Committee indicated there would be no additional money to spend in the next farm bill while touting the cost savings from the most recent farm bill. During a farm bill field hearing in Michigan over the weekend,

Farm Finance Averages Show Some Light, Despite Concerning Ag Debt

Nebraska Farm Business, Inc. recently completed its financial averages for 2016. These averages represent the 120 farms across the state participating in this financial analysis program. This provides a benchmark for their operations.

Farm Banks Increase Ag Lending 5% in 2016

Farm banks increased agricultural lending by 5.3 percent in 2016 and held $103.4 billion in farm loans at the end of the year, according to the American Bankers Associations annual Farm Bank Performance Report.

Ag Lender Survey: Farm Profitability Down, Commodity Prices Top Concern

Nearly 90 percent of agricultural lenders have seen an overall decline in farm profitability in the last 12 months, according to a joint survey by the American Bankers Association and the Federal Agricultural Mortgage Corporation.

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