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U.S. Farmers’ 2017 Profit Half of 2013 Levels, Report Says

February 15, 2017

By Mike McGinnis

A sharp drop in crop values will send U.S. net farm income for 2017 to the lowest levels seen since 2002 and nearly half of what it reached at its 2013 peak, according to the latest forecast by the Economic Research Service.

Last Tuesday, the governmental agency released its latest forecast of net farm income, a conventional measure of farm sector profitability that is used as part of the U.S.…

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USDA Announces Streamlined Guaranteed Loans

February 15, 2017

The U.S. Department of Agriculture (USDA) announced the availability of a streamlined version of USDA guaranteed loans, which are tailored for smaller scale farms and urban producers. The program, called EZ Guarantee Loans, uses a simplified application process to help beginning, small, underserved and family farmers and ranchers apply for loans of up to $100,000 from USDA-approved lenders to purchase farmland or finance agricultural operations.…

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New Herbicides: IPM Report

February 15, 2017

by Tyler Mays

Over the last 3 months the EPA has approved the labels for Xtendimax, Engenia, and Enlist Duo, but currently only Xetndimax and Engenia are labeled for use in Texas and New Mexico.

I am glad these products got their approval, and see these new herbicides being helpful for farmers in the area to manage weeds that may or may not be resistant to glyphosate.…

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Austin trip informs local farmers

February 8, 2017


Members of the Terry County Farm Bureau Board traveled to Austin recently for the Farm Bureau State Convention.

Barrett Brown, Mason Becker and Kyle Kelly made the trip down and had a chance to learn about some proposed legislation and other items that are of  concern to area producers and consumers.…

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Farm Income Taxes: 13 Tips for 2016 Filing

February 8, 2017

by Kelli Armbruster for AgFax

Agricultural producers have until March 1, 2017, to file their 2016 income tax returns without penalty if they have not made estimates.

“Producers have until April 18 to file without penalty if they have paid their estimated tax by Jan. 17.

Items to note for 2016 income tax preparation:

1.…

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New Year, But Same Outlook for Farm Economy

February 6, 2017

An opinion piece from Farm Policy Facts

The beginning of each year is a time when we all take stock of the past, and make our best plans for the future. That is certainly what farmers and ranchers are doing right now with the 2016 crop in the bin and the 2017 budgets (and meetings with their bankers) ahead of them.…

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Arrington: Ag Subcommittee Assignments

February 6, 2017

Congressman Jodey Arrington District 19 announced his subcommittee assignments for the 115th Congress on the House Agriculture Committee. They include the General Farm Commodities and Risk Management subcommittee, the Nutrition subcommittee, and the Biotechnology, Horticulture, and Research subcommittee.

Regarding his subcommittee assignments, Congressman Arrington released the following statement:

“It is an honor to be selected for three subcommittees that will greatly impact agriculture policy and the lives of countless farmers and ranchers nationwide.…

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U.S. Exports Benefit from Vietnam’s Surprising Strength in Cotton Spinning

February 6, 2017

Vietnam’s demand for raw cotton has risen steadily for six years, with August-to-January (Marketing YTD) imports at their highest levels ever. This is a particularly positive sign for U.S. cotton exports, as American cotton has made up about 40 percent of Vietnam’s cotton imports over the last three years. U.S. exports of cotton have made up about 50 percent of Vietnam’s imports year to date, suggesting even greater market share than in the past.…

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No date set for Perdue hearing

February 1, 2017

by Daniel Looker

The Senate Agriculture Committee is still pulling together background information on President Donald Trump’s nominee for agriculture secretary, Sonny Perdue, before setting the date for a confirmation hearing, Agriculture.com has learned. Meanwhile, a key Iowa adviser in Trump’s campaign has been named as a liaison to help fill other political appointments at the USDA, which some think bodes well for bringing in a Midwesterner to broaden the department’s leadership.…

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Peanut stock down the year

February 1, 2017

USDA Report

Shelled edible grade season to date utilization up one percent from last year.

Peanut stocks reported in commercial storage on December 31, 2016 totaled 4.36 billion pounds of equivalent farmer stock, compared with 5.36 billion pounds a year ago. This total includes 3.72 billion pounds of actual farmer stock.…

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