Farmer Confidence Surges – February 7, 2018

Farmer confidence surges, is highest since trade war began

With Trump tariff payments boosting Corn Belt farm revenue, farmer confidence shot to its highest level since last June, just before the trade war began against China, said the monthly Ag Economy Barometer published by Purdue University.

2018 joins the roll of five hottest years, all since 2014

Last year was the fourth-warmest worldwide since 1880, said NASA and the National Oceanic and Atmospheric Administration on Wednesday, ranking behind 2016, 2017 and 2015.

China boosts its soybean purchases to 3.8 million tonnes this week

For the third day in a row, the USDA confirmed a large sale of U.S. soybeans to China, this time 586,000 tonnes.


Farmers anxious for trade deals (Bloomington Pantagraph): Farmers in central Illinois say trade war with China and trade negotiations with other nations mean they face more uncertainty than usual in planning their crop year.

Japan culls hogs in disease epidemic (Kyodo News): Up to 15,000 hogs may be killed to quell an epidemic of classical swine fever, a highly contagious disease found in five prefectures.

Trade war magnifies farm financial woes (Politico): The economic fallout of President Trump’s policy of trade confrontation exacerbates difficult financial times for farmers and threatens a constituency that was key in 2016 and may be again in the 2020 presidential election.

Economic development plan: Big Hemp (Nevada Independent): In lightly populated White Pine County, about 300 miles north of Las Vegas, a proposal to open a 2,800-acre hemp-growing operation dominates talk about economic development, thanks to the 2018 farm law.

Farmers, enviros dislike wetlands proposal (DTN/Progressive Farmer): Farm groups say the USDA has not followed the rules in its handling of a regulation on wetlands conservation, while National Wildlife Federation members say the proposed interim final rule should be withdrawn because it will allow conversion of prairie potholes to cropland.

Peterson, Conaway agree on subcommittees (House Agriculture Committee):  A day ahead of the committee’s first meeting of the year, chairman Collin Peterson and senior Republican Michael Conaway announced the roster of members of the six subcommittees.

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