Ag News: Finishing the Farm Bill
**The buzz continues over getting a Farm Bill done before year end.
American Farm Bureau Federation’s Andrew Walmsley and National Cattlemen’s Beef Association’s Colin Woodall both say they remain optimistic.
But, Farm Journal’s Jim Wiesemeyer tells agweb.com he’s gone from 80 percent sure to 60 percent.
He says no news regarding farm bill conferences could actually be a good thing, as serious back-and-forth compromises MAY be unfolding. So, while his outlook may be muted, Wiesemeyer says that could change.
**It’s no secret farmers are struggling. In fact, 31% of bankers who participated in Creighton University’s August Rural Mainstreet Index report rejecting a higher percentage of farm loans than in July.
According to agweb.com, Compeer Financial dairy specialist, Jim Moriarty says operating loan and credit line renewals are likely to be more difficult.
He says if you’re planning to seek financing, prepare an
annual report, pull together high-quality financial information, present a plan, and be able to justify just how much you need.
**The deal for Britain to exit the European Union would block U.S. plans to negotiate a free trade agreement with the U.K., preventing a new opening for American ag trade with the country.
According to Agri-Pulse, that’s bad news for the Trump administration, which notified Congress last month it wants to begin negotiating a free trade agreement with the U.K. as soon as it pulls out of the EU in May.