The February Farm Income Forecast, showing net farm income, a broad measure of profits, at $136.9 billion in calendar year 2023, a decrease of $25.9 billion, or 15.9% from last year.
A California company intends to build the first ethanol plant in America powered by sugar cane. The latest Drought Monitor shows much of the U.S. is dealing with dry conditions.
Ag groups are reacting positively to President Biden signing the Ocean Shipping Reform Act, which will address the supply chain and shipping port issues hampering U.S. exports.
Regulations, adopted by the California State Water Resources Control Board, require local water agencies to impose restrictions to make up for potential 20% shortfalls.
The first 2023 Farm Bill hearing will include input from a range of ag producers and stakeholders, and is scheduled for this Friday at Michigan State University.