RON’s Dave Lanning has a pre-opening look at today’s agricultural Markets. Click the audio tab below for today’s report.
Category: Ag News
Oct 06
Farmers Grateful for Diesel Tax Relief
American Farm Bureau Federation President Zippy Duvall tonight applauded the executive order signed by President Trump to ease limits on the use of tax-exempt dyed diesel fuel to give farmers a break. “We thank President Trump for recognizing that what happens at the fuel pump directly affects what happens on the farm and therefore at …
Oct 06
NCC Welcomes President Trump’s Executive Order on Dyed Diesel
The National Cotton Council (NCC) greatly appreciates President Trump’s Executive Order providing temporary diesel tax relief by deferring the federal excise tax on dyed diesel used on-road through the end of the year and taking steps to help ensure farmers have access to dyed diesel fuel during periods of high demand. “Cotton producers rely on …
Oct 06
CBP intercepts giant scale insects never seen at a U.S. port of entry
U.S. Customs and Border Protection agriculture specialists at Detroit Metropolitan Airport intercepted a first-in-nation batch of potentially destructive giant scale insects earlier this year. The approximately 5-mm-long insects—dark in color and covered by waxy, light-colored protrusions—were found feeding on the surface of fresh pine bark brought in for medicinal purposes during a routine baggage examination …
Oct 06
USDA Announces $180 Million Seed Sovereignty Initiative to Strengthen U.S. Agricultural Security
Today, U.S. Secretary of Agriculture Brooke L. Rollins announced a $180 million investment to launch the U.S. Department of Agriculture’s (USDA) Seed Sovereignty Initiative, a major effort to both strengthen U.S. agricultural security by protecting the plant genetic resources that underpin American agriculture and enable breakthroughs in U.S. agricultural innovation. This initiative will provide much-needed …
Oct 06
Farmer sentiment drops as concerns about input costs increase
Farmer sentiment declined, with the Purdue University-CME Group Ag Economy Barometer (AEB) Index decreasing from 135 points in August to 123 points in September (see Figure 1). Both subindices declined, with the Index of Current Conditions dropping by 18 points and the Index of Future Expectations dropping by 9 points (see Figure 2). Marking a reversal from last month, a lower …
Oct 06
Senators Explore Solutions to Oklahoma’s Water Infrastructure Challenges
Senators Bill Coleman, R-Ponca City, and Warren Hamilton, R-McCurtain, on Monday held an interim study to discuss solutions to water infrastructure and water quality challenges plaguing rural communities across the state. Coleman and Hamilton invited constituents and state and local water experts to the Senate Agriculture and Wildlife Committee to describe statewide water problems that …
Oct 06
ASA Statement on Emergency Diesel Fuel Tax Relief
The American Soybean Association expressed appreciation following the signing of an Executive Order on Emergency Tax Relief on Diesel Fuel. The Order will allow the temporary use of dyed diesel for on-road transportation with the federal fuel tax deferred at this time. ASA is urging the administration to ultimately waive these deferred taxes for farmers. …
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