Net farm income in Arkansas is expected to rise 22% this year, reversing a two-year decline in the state. However, it is largely being driven by economic and weather-related disaster assistance.
University of Arkansas Extension Economist, Dr. Hunter Biram, spoke with RFD-TV’s Tammi Arender on previous trends, main contributing factors, and what producers need to keep in mind.
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Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
Year-round sales of E-15 are another major topic on Capitol Hill, which, according to Rep. Adrian Smith (R-NE), is one issue up for debate this session with significant bipartisan support.
Lawmakers have until September 30 to shore up federal spending for next year, or risk a government shutdown. The Farm Bill is also set to expire the same day.
American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.