Limited Growth in Farm Lending and 6% of U.S. Dairies Quit Milking
A USDA report says roughly 6% of U.S. dairy farms quit milking cows in 2022, but that was a slower rate of decline than during the past five years.
interest rates
Ag Economy Barometer Drops in February and H-2A Labor Certification
The Department of Labor recently announced a final rule to amend H-2A temporary labor certification regulations. but not everyone is happy.
U.S. Ag Exports Expected to Drop & Torres Small as Deputy Ag Secy.
The USDA projected America’s food and agricultural exports will drop 12% through fiscal year 2026, caused by a global economic slowdown, inflation, higher interest rates, and the strong U.S. dollar.
Salmonella in Raw Chicken Products and Ag Lending Boosted
The USDA’s Food Safety and Inspection Service announced it will declare Salmonella as a contaminant in breaded and stuffed raw chicken products. Larger loans continued to boost lending activity in the second quarter of 2022
Despite Growing Interest Rates Yakima Home Market Strong
According to Cory Bemis owner of Yakima's John L. Scott Real Estate the median home sales price is up 9% from this time last year selling for an average of $322,500.
Ag News: World Ag Expo a Hit and Farmland Values Go Higher
The World Ag Expo reopened to in-person attendance after being virtual last year due to the pandemic. Farmland values continued to increase through the end of 2021.
Ag News: DOJ Approves Bayer-Monsanto Merger
DOJ is requiring Bayer and Monsanto must spin off $9 billion worth of assets, to merge the two companies. This is the largest sale of corporate assets ever.