The American Farm Bureau Federation (AFBF) supports legislation introduced today in both the House and Senate that would permanently repeal the estate tax. Sen. John Thune’s (R-SD.) bill, The Death Tax Repeal Act of 2013, coupled with bipartisan legislation of the same title introduced by Reps. Kevin Brady (R-TX) and Mike McIntyre (D-NC), is welcomed by America’s farm and ranch families....More
One year ago, it appeared that packing capacity would become a real issue in the fall of 2013. The concern was well-founded, as producers were expanding the breeding herd by roughly 1% and average litter size was growing at a rate of about 2% per year. The combination suggested that U.S. hog slaughter could grow by more than 3%, year on year, by late 2013. With hog slaughter already headed toward a new quarterly record of 30.433 million head in fourth-quarter 2013, the prospect of pushing 3% more hogs through the current packing sector looked daunting.
Then the worst drought in 50 years came knocking. Plans to grow the breeding herd and improve litter size slowed. Slaughter levels in fourth-quarter 2013 will likely be lower than last year. But questions about packer capacity loom....More
Attuned to the times, this year’s 6th annual Pork Lenders meeting, designed specifically for members of the banking community, will provide up-to-date financial, market, export and legislative information. This year’s conference will also offer more information about a farm-level risk management tool the Minnesota Pork Producers Association has developed....More
Some 33 pork industry owners and managers from 10 states and Canada completed certificates in business management in May through the Executive Pork Producers Program, offered by the University of Illinois’ College of Veterinary Medicine in Urbana. ...More
The Clay County Circuit Court of Louisville, IL, has issued an opinion on insurance coverage that has a significant impact upon agriculture and insurance policyholders in Illinois. In a recent decision, Judge Daniel E. Hartigan ruled that Country Mutual Insurance Company wrongfully refused to defend its longtime insured, Bible Pork, Inc. in the nuisance case of Pierson, et al. v. Bible Pork, Inc., (2008-MR-14), under two Country Mutual policies, the AgriPlus comprehensive general liability policy and an umbrella policy....More
Agriculture Secretary Tom Vilsack today announced a package of disaster assistance valued at $209 million to help farmers, land owners and communities recover from the effects of Superstorm Sandy. Funding is provided by the U.S. Department of Agriculture's (USDA) Emergency Conservation Program (ECP), Emergency Forest Restoration Program (EFRP) and Emergency Watershed Protection Program (EWP)....More
Low interest rates and record income per acre have driven farmland values much higher over the last decade. The increase has led to concerns of a repeat of the farm crisis of the 1980s. “Back in the 1970s, we got way above trend growth, and it looks like that is what is happening again,” says University of Missouri Extension agricultural economist Ron Plain. “Last year, we were more than $500 per acre above trend for the average acre of Missouri farmland.”...More
Increased pork exports resulting from a Trans-Pacific Partnership (TPP) agreement would create more than 20,000 direct and indirect U.S. pork-related jobs, with the vast majority generated by Japan alone, theNational Pork Producers Council (NPPC) said at a press conference held today....More
In comments filed this week, the National Pork Producers Council (NPPC) expressed concern that Canada and Mexico could retaliate against the United States because proposed regulations by the U.S. Department of Agriculture may not make a meat labeling law compliant with U.S. international trade obligations.
The World Trade Organization (WTO) last year ruled that the U.S. country-of-origin labeling (COOL) law violates U.S. trade obligations under the WTO Agreement on Technical Barriers to Trade. Canada and Mexico brought cases on COOL to the WTO in 2011....More
In issuing its latest forecasts for beef and pork production for the remainder of 2013, Daily Livestock Report or DLR (www.dailylivestockreport.com) reported that the U. S. Department of Agriculture (USDA) predicts commercial U.S. beef production will be down 0.9% to 24.976 billion pounds, reflecting a notable reduction in cattle slaughter especially in the second half of the year....More
Starting April 4, for those tracking the U.S. pork industry, USDA’s Foreign Agriculture Service (FAS) has implemented weekly export sales reporting for the first time.
According to U.S. Meat Export Federation (USMEF) economist Erin Borror, weekly export sales reporting has applied for many years to beef, wheat, barley, corn, grain sorghum, oats, rye, soybeans, soybean meal and oil, flaxseed, linseed oil, sunflowerseed oil and cottonseed products....More
Get ready to learn the importance of – and how to – merge technology and values to help feed a growing and hungry world during the National Institute for Animal Agriculture’s (NIAA) 2013 Annual Conference in Louisville, KY, April 15-18, at The Galt House.
Five keynote speakers will provide facts and insight to this emotionally charged issue during NIAA’s opening and closing general sessions:...More
The U.S. Department of Agriculture’s Economic Research Service has released its quarterly Outlook for U.S. Agricultural Trade. Fiscal 2013 agricultural exports are forecast at a record $142 billion, down $3.0 billion from the November forecast, but $6.2 billion above final fiscal 2012 exports.
The forecast for livestock, poultry and dairy is up $300 million, with greater beef and poultry exports expected to outweigh lower pork shipments....More
The possibility that U.S. meat, poultry and egg products inspectors may be furloughed March 1 if sequestration – automatic, across-the-board cuts to the federal budget – were to go into effect, would result in considerable losses to livestock and poultry farmers, declared the National Pork Producers Council (NPPC) and 37 other trade associations.
NPPC said it strongly believes furloughing USDA Food Safety and Inspection Service (FSIS) inspectors is a highly inappropriate response to sequestration and would not be in the public interest....More
On Friday, American Meat Institute (AMI) President J. Patrick Boyle wrote Agriculture Secretary Tom Vilsack to remind him of USDA’s legal obligations to provide meat inspection even under sequestration. Boyle sent the letter in response to comments made by USDA to media that sequestration would result in an across-the-board furlough of as much as 15 days for all Food Safety and Inspection Service (FSIS) employees, including inspectors....More
Agriculture Minister Gerry Ritz announced Wednesday that Canada and the United States intend to recognize each other’s zoning measures during highly contagious foreign animal disease outbreaks.
Although foreign animal disease outbreaks are very rare in North America, this arrangement will help to minimize trade disruptions while still preventing the spread of disease, should an outbreak occur....More
Help is available for some Midwestern livestock producers facing higher income tax bills because the drought forced them to cull and sell more animals than normal in 2012, two Purdue Extension agricultural economists say. The high cost of feed led many producers who might normally have carried livestock through the winter to instead sell them at weaning. More sales at weaning usually would mean more taxable income in 2012. But there is help in the form of income deferment and averaging....More
The U.S. Department of Agriculture (USDA) today announced speakers for the 2013 Agricultural Outlook Forum, “Managing Risk in the 21st Century,” Feb. 21-22 at the Crystal Gateway Marriott Hotel, Arlington, VA....More
Iowa State University (ISU) Extension and Outreach and Iowa Farm Bureau Federation (IFBF) are teaming up to deliver current market and management information to Iowa livestock farmers in these challenging times. The “Managing Through Stress: A Livestock Information Event” will be held Feb. 4....More
On Thursday, the National Grange expressed severe disappointment with Congress' failure to debate and ratify a new Food, Farm and Jobs bill, opting instead to extend provisions of the 2008 Farm Bill for another year. The extension of the 2008 Farm Bill, included as part of the American Taxpayer Relief Act passed by Congress on Tuesday, lacks input from agricultural leaders in Congress, fails to address the hardships experienced by rural constituents, and provides no alternative for several expired programs. ...More
Minnesota Pork Congress will be Jan. 16-17 at the Minneapolis Convention Center. The trade show, seminars and social events provide hog farmers, barn managers, farm employees and other pork enthusiasts with timely and current information.
Minnesota Pork Congress hours are from 9 a.m. to 5 p.m. on Wednesday (Jan. 16) and 9 a.m. to 1:30 p.m. on Thursday (Jan. 17). Admission is $15 per person....More