Farmer pessimism about the economy is at its lowest in nearly a decade. That’s according to a recent survey conducted by the Purdue Center for Commercial Agriculture.
The Purdue University-CME Ag Economy Barometer Index for September was at 88. That’s down 12 points from the August survey and 25 from July’s results. It’s also down 18 points from where the index was a year ago, with growers’ concerns for both the future and present leading to steep drops in both subcategories.
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Republican California Rep. John Duarte unveiled his plan to save American farmers from possible financial ruin due to long-standing Chinese tariffs in an exclusive interview Wednesday with the Daily Caller News Foundation.
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Fueled by massive federal subsidies in the Inflation Reduction Act (IRA), solar developers are looking to the wide open spaces of rural lands as the best places to site their projects. This is also where much of America’s farm and range land is located, as well as communities that like the existing look and character of their neighborhoods.
Last week, President Biden said of the IRA, “I’m proud to announce that my, uh, my investments, that through my investments, the most significant climate change law ever. And by the way, it is a $369 billion bill. It’s called the — uh, we, we should have named it what it was.”
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U.S. farmers’ confidence in the economy cratered in April, according to the latest monthly report from Purdue University.
The Purdue University-CME Group Ag Economy Barometer for last month, which was released Tuesday, fell 15 points from March. At 99, the current score is the lowest the barometer has dropped since it reached 97 in June 2022.
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Not since Prohibition has the federal government sought to ban a product as popular as the internal combustion engine.
This week, the Environmental Protection Agency released its final emissions standards rule, requiring that 70% of new vehicle sales be pure battery-powered electric or hybrids by 2032.
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The European Union (EU) is withdrawing a pesticide proposal amid protests by farmers against environmental regulations, The Associated Press reported.
European Commission President Ursula von der Leyen announced the decision Tuesday to suspend a regulation that aimed to cut pesticide and similar chemical use in half by 2030, according to The Guardian. The move is the latest concession by the EU to farmers who have staged sweeping protests across the member nations against environmental regulations they feel are hurting their livelihoods.
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Farmers in Belgium plan to block road access to the second-largest port in the country in protest of the European Union’s environmental regulations and cheap food imports, Reuters reported.
Farmers are planning to block access to Belgium’s North Sea port for at least 36 hours beginning on Tuesday, according to Reuters. The General Farmers Syndicate, the union representing the farmers, says they are targeting the port because they believe it is receiving financial support at the expense of domestic farmers.
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