Rails, Rivers and Roads: A Snapshot of U.S. Infrastructure Spending
May 17, 2019 |
The backbone of the American economy is our infrastructure system – the roads we drive on, the bridges we cross,and the waterways we use for shipping. With a new infrastructure spending bill on the mind of many on Capitol Hill, this Market Intel will shed some light on current and historical spending patterns on America’s roadways and waterways.
Major Planting Delays Across Corn Belt
May 14, 2019 |
USDA’s May 13 Crop Progress report revealed the U.S. corn crop at 30% planted, down 36 percentage points from the five-year average of 66% complete at this point in the planting season and down 29 percentage points from 2018 progress. Analysts had projected corn plantings at 35% complete. Similar delays are being realized in the U.S. soybean crop with only 9% planted, down 20 percentage points from the five-year average of 29% planted and down 23 percentage points from last year. Soybean plantings are down 6 percentage points from analysts’ expectations of 15%.
More Tariffs on the Chinese Horizon
May 9, 2019 |
At 12:01 tomorrow (Friday, May 10) morning, the United States is expected to increase tariffs from 10% to 25% on $200 billion worth of Chinese products. The increase in these particular tariffs were delayed twice since the investigation determination was published in the Federal Register on Sept. 21, 2018. The rate of additional duties in effect since Sept. 24, 2018, was 10%.
Senate Passes Farm Bureau-Backed Disaster Bill, House Approval Expected Soon
May 24, 2019 |
Farmers and ranchers nationwide are calling on the House to follow the Senate’s lead in passing a disaster assistance bill that will help them and their rural communities recover from devasting weather events in recent years.
Tariff Revenues Up Sharply
U.S. is on Pace to Collect $72 Billion in Customs Revenue in 2019
May 23, 2019 |
In 2018 the U.S. collected a record-high $50 billion in customs duties. During the first four months of 2019, Treasury Department data reveals customs duties totaled $22 billion, up 78% from prior-year levels, and reaching a high of $6.6 billion in January 2019. Assuming the current pace of tariff revenue collections continues, the U.S. will collect nearly $72 billion in customs duties in 2019 – topping the previous record by $22 billion.
Tell-Tale Signs of a Mental Health Crisis for Farmers and Ranchers
May 22, 2019 |
A strong majority of farmers and farmworkers say financial issues, farm or business problems and fear of losing the farm impact farmers’ mental health, according to a national Morning Consult research poll sponsored by the American Farm Bureau Federation in recognition of May as Mental Health Month.
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