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Latest News Summary

House Passes Farm Bill, 369-47

Following quick Senate action on Tuesday, and after surviving a close procedural vote on the Rules for debate, the House of Representatives passed the Farm Bill conference report on Wednesday by a vote of 369 to 47.  The measure now heads…

Recent News Summaries

Senate Passes Farm Bill Conference Report, 87-13

A news release on Monday from the House Agriculture Committee stated that, “House and Senate Agriculture Committee Chairmen Mike Conaway (R-Texas) and Pat Roberts (R-Kan.) and Ranking Members Collin Peterson (D-Minn.) and Debbie Stabenow (D-Mich.) today released the text of the bipartisan,…

U.S. Agricultural Export Data for the First Ten Months of 2018

Last week, USDA released U.S. agricultural export data that spanned the first ten months of 2018.  Although the overall value of exports was higher for this time period compared to 2017, there were reductions in both the value and volume…

Federal Reserve: Observations on the Ag Economy- November 2018

On Wednesday, the Federal Reserve Board released its December 2018 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy.

2018 Farm Sector Income Forecast, November

The USDA’s Economic Research Service (ERS) indicated on Friday that, “Net farm income, a broad measure of profits, is forecast to decrease $9.1 billion (12.1 percent) from 2017 to $66.3 billion in 2018, after increasing $13.8 billion (22.5 percent) in 2017.…

Weekend in Buenos Aires: USMCA Signed, and China Has Agreed to Start Purchasing Ag Products

This weekend in Buenos Aires, President Trump took important trade policy action that could impact U.S. agricultural markets.  After signing the USMCA, the president indicated that he would quickly withdraw from NAFTA, in an effort to pressure the legislative branch into…

USDA Lowers Agricultural Export Forecast and Trade Aid Payments Begin, as Markets Continue to Adjust

In its latest quarterly forecast for U.S. agricultural trade on Thursday, USDA reduced its fiscal year (October/September) 2019 export projections, “largely due to decreases in soybeans and cotton.”  And news articles this week provided additional insight into the market ramifications…

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