The Federal Reserve Bank of St. Louis reports a continued slide in farm income across areas of the Midwest and Mid South. In its Ag Finance report, the average value of ranchland, pastureland and quality farmland also declined in the fourth quarter of 2015. The survey was done in the last two weeks of December... Read more »
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EPA Chief Administrator Gina McCarthy testified Thursday that the EPA has no intention of withdrawing its proposed Clean Water Rule also known as the Waters of the US (WOTUS). McCarthy testified at a House Agriculture Committee hearing Thursday where she also said the EPA has âa collaborative spiritâ with federal agencies associated with farming. âEPA... Read more »
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The Missouri Rural Crisis Center is suing the Missouri Department of Agriculture over the current referendum process for a proposed $1 per head state Beef checkoff. Rhonda Perry is the Centerâs program director who says there are numerous problems with the process. She says the process disenfranchises some voters and discourages producers from registering and... Read more »
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The latest U.S. Drought Monitor report shows the percentage of the country in drought is down to 15 percent. USDA chief meteorologist Brad Rippey says stormy weather in many parts of the countryâin part driven by a strong El Ninoâhas significantly reduced drought coverage since last fall. âSince we reached a late summer-early autumn peak... Read more »
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Soybeans were modestly lower on fund and technical selling. Crop conditions in South America look good, with mostly clear weather in Brazil and rain in the forecast for Argentina. South America is on pace for a bumper crop this year and Brazilian supplies are reportedly much cheaper than U.S. beans. Markets are closed Monday for... Read more »
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