In another sign of the times, more ag companies have announced they are making cuts to navigate the economy.
John Deere has told Iowa that it is letting around 100 people go from its Waterloo Works plant come the new year. It is the latest in several layoffs by the company. During their latest earnings report, Deere said demand is down and they will continue adjusting to remain competitive.
Butterball is also handing out pink slips. The company will close its Jonesboro, Arkansas plant, putting nearly 200 people out of work. The plant will close in early February, with production transferred to another facility. Butterball’s CEO says it was a difficult decision, and they will work with afffected employees.
Related Stories
Demand for farm loans surged in the first quarter of the year, topping the previous record set in 2016.
Labor Secretary Lori Chavez-DeRemer says the labor program will now be fully under her department, and consolidation will make the program more affordable and efficient for farmers and ranchers.
Roger McEowen with the Washburn School of Law joins us now with the highlights.
