Latest News From Retail Business

New Legislation Looks To Connect Farmland And Ranchland To Broadband
New Legislation Looks To Connect Farmland And Ranchland To Broadband

The Last Acre Act would help expand high-speed internet access across eligible farmland, ranchland and farm sites. At least 15% of farms and ranches have no access to the internet today. 

Banker Confidence in the Rural Economy Drops to Two-Year Low
Banker Confidence in the Rural Economy Drops to Two-Year Low

For the sixth time in the past seven months, the rural economy has posted signs of weakness. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.

Shoppers explore tactics to lessen holiday sticker shock, study finds
Shoppers explore tactics to lessen holiday sticker shock, study finds

An October report by FMI and Hartman Group confirms that consumers are adjusting holiday grocery shopping habits to mitigate inflation.

8 Things to Know About the FTC Suing Syngenta and Corteva
8 Things to Know About the FTC Suing Syngenta and Corteva

 The companies say their pricing structures and practices were within the law. 

High Interest Rates and Inflation Dragging Down the Rural Economy
High Interest Rates and Inflation Dragging Down the Rural Economy

For a fifth straight month, the rural economy has posted signs of trouble. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.

Farmer sentiment improves but farmers still concerned about rising costs
Farmer sentiment improves but farmers still concerned about rising costs

The Purdue University/CME Group Ag Economy Barometer farmer sentiment index rose 14 points in August to a reading of 117.

Labor Contract Negotiations Continue Past Deadline at Some of America's Most Important Ports
Labor Contract Negotiations Continue Past Deadline at Some of America's Most Important Ports

U.S. Labor Secretary Marty Walsh remained optimistic about contract negotiations between workers and shipping companies for some of the country’s most important ports, even as talks extend past a previous deadline.

Is Trouble Brewing for the Farm Economy?
Is Trouble Brewing for the Farm Economy?

For the first time since September 2020, the rural economy is showing signs of weakness.

Fed to Hike Rates: Here's What You Need to Know
Fed to Hike Rates: Here's What You Need to Know

The consensus ahead of the FOMC report is a jump of 0.5 percentage points, says Chip Flory, host of AgriTalk. But what should the Fed actually do?

Diesel Prices Jump 37% in 10 Weeks, Gas Prices Projected to Hit $6.20 by August
Diesel Prices Jump 37% in 10 Weeks, Gas Prices Projected to Hit $6.20 by August

The White House is considering waiving U.S. gasoline environmental rules aimed at reducing summertime smog, hoping the waiver will combat rising pump prices, Reuters reported.

Filling A Tractor Tank Daily Now Costs Some Farmers $1,000, Double What It Did a Year Ago
Filling A Tractor Tank Daily Now Costs Some Farmers $1,000, Double What It Did a Year Ago

U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.

Why Mental Health Matters on the Farm
Why Mental Health Matters on the Farm

A little bit better is a little bit better, said Ted Matthews, director of Minnesota Rural Mental Health. Matthews dispels myths about mental health, counseling and anxiety on the farm.

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See Through the Fog: 4 Economic Forces at Play

The global economy is facing numerous headwinds and tailwinds. Many of the forces at play will impact your farm.

The Key To Your Super Bowl Of Life & Business
The Key To Your Super Bowl Of Life & Business

Think back to a time when your back was against the wall. To others, it may have looked like all hope was lost. Many would have given up, but you didn’t. You pressed on, and your persistence was paid off with success.

Has The Farm Financial Picture Turned Dire? Ag Economy Barometer Reveals Reality of Input Price Pain for 2022
Has The Farm Financial Picture Turned Dire? Ag Economy Barometer Reveals Reality of Input Price Pain for 2022

No matter where you travel across the country right now, farmers share similar concerns. The latest Ag Economy Barometer fell to its lowest reading since July 2020 as the input situation weighs outlooks.

Omicron’s Effect on Food Demand and The Supply Chain
Omicron’s Effect on Food Demand and The Supply Chain

“I wouldn't be surprised as we put Omicron behind us that we're going to see a restaurant recovery in the summer. But right now the supermarket is still doing quite well on a historical basis," says Michael Swanson.

Growth Through Procrastination
Growth Through Procrastination

The crisis and pain of procrastination are gifts. Think of them as an alarm bell. When it sounds, you know you need to engage in a relationship that will allow you to focus on what you enjoy most and are best at doing.

Supreme Court To Hear COVID Vaccine Mandate Arguments on January 7
Supreme Court To Hear COVID Vaccine Mandate Arguments on January 7

The timeline on these actions are tight—while arguments are heard on January 7, that’s three days before the enforcement efforts by OSHA are scheduled to start

Freight Rates Skyrocket
Freight Rates Skyrocket

Transportation woes continue to haunt Northeast shippers as trucks remain hard to come by and freight rates skyrocket because of rising fuel costs and a scarcity of drivers. 

DC Signal to Noise: Inflation's Slice of Thanksgiving Pie
DC Signal to Noise: Inflation's Slice of Thanksgiving Pie

Build Back Better heads to the Senate while Conservation Credit Corporation allocates $27 billion to conservation. Plus, when will the EPA announce RFS mandates?

USDA Office Building
Is a Flood of FSA Staffing Shortages Coming Soon? USDA Denies FSA Vaccine Exemption Request

USDA said late last week it’s not approving a vaccine mandate exemption for Farm Service Agency (FSA) employees, and now there are fears the next shortage farmers will face will be with FSA local field staff.

The Great Resignation: Be An Employer of Choice
The Great Resignation: Be An Employer of Choice

2021 is known as the “Great Resignation,” says Twyla Stevens, director of human resources at the Carthage System.

Farm Debt-to-Income Ratio Points to Continued Farmland Price Strength
Farm Debt-to-Income Ratio Points to Continued Farmland Price Strength

This has delivered numerous mind-blowing farmland sales. But will this runup in values continue?

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U.S., China Container Shipping Rates Plummet 50%, Backlog of Unfilled Orders Grows

As backlogs at U.S. ports and climbing shipping rates plague the supply chain, new data shows container shipping rates between the U.S and China are dropping by more than 50% in  just a month. 

U.S. & China Expected to Hold Virtual Meeting
U.S. & China Expected to Hold Virtual Meeting

A virtual working meeting is expected before year's end between President Biden and Chinese leader Xi Jinping.

Vilsack Says 98.9% of Farmers Won’t Be Impacted by Biden’s Tax Plan, Tax Experts and Economists Still Disagree
Vilsack Says 98.9% of Farmers Won’t Be Impacted by Biden’s Tax Plan, Tax Experts and Economists Still Disagree

Possible tax changes on the table in Washington are causing angst in agriculture. Secretary Vilsack says the proposed changes won't impact 98% of family farms, but another analysis contradicts those claims.

U.S. Farmers Face Supply Shortages, Higher Costs After Hurricane Ida
U.S. Farmers Face Supply Shortages, Higher Costs After Hurricane Ida

As the supply chain snarled, prices spiked. Prior to Hurricane Ida, a New Orleans barge of urea to ship in September to destinations across the U.S., Canada traded at $450 a ton. After, the price jumped to $552 a ton.

What does the Biden Vaccine Mandate Mean for Rural America?
What does the Biden Vaccine Mandate Mean for Rural America?

The Biden Administration’s policies are expected to impact roughly 100 million working Americans. Here’s what you need to know.

Demand for H-2A Labor Soars, Up 225% Since 2010
Demand for H-2A Labor Soars, Up 225% Since 2010

Demand for ag workers has employers turning to the H-2A program more often. New data from the Department of Labor shows the highest rate of growth is in the fruit, nuts and vegetable categories, up more than 330%.

In this Tuesday, April 4, 2017, photo, Blake Hurst, a corn and soybean farmer and president of the Missouri Farm Bureau, right, talks with his son Dallas Hurst, left, and his brother Brooks Hurst, center, on his farm in Westboro, Mo.
House Committee Nixes Transfer Tax Proposal, Farm CPA Bumps Grade From 'F' to 'B-'

Paul Neiffer says one of the biggest benefits in the House’s proposed plan is farmers won’t be hit with increased taxes at death, as the transfer tax is no longer included and the full step-up in basis remains.

Farmer Sentiments Show Slight Improvement, Inflation Weighs on Future Outlooks for Fall
Farmer Sentiments Show Slight Improvement, Inflation Weighs on Future Outlooks for Fall

Farmers seem to be slightly more optimistic about current economic conditions, but concerns about inflation are growing, according to the latest Ag Economy Barometer from Purdue University and the CME Group.

How to change the face of agriculture
How to change the face of agriculture

It’s no wonder Michael Smith wasn’t comfortable with pursuing a career in agriculture when he started college at Lincoln University in Jefferson City, Mo.

See Your People – 1 On 1
See Your People – 1 On 1

Talent is rarer than ever. Attracting it and keeping it is your key to success. Culture is king. Go see your people, and listen one-on-one.

Ag Leaders Urge Labor Reform in Historic Hearing of Judiciary Committee
Ag Leaders Urge Labor Reform in Historic Hearing of Judiciary Committee

U.S. ag is suffering from a labor shortage that could increase production costs and consumer food prices if not addressed through visa reform to provide better access to the foreign-born workers on which it depends.

4 Questions Farmers are Asking about Carbon Markets
4 Questions Farmers are Asking about Carbon Markets

As growers wade through the ever-deepening amount of carbon information available in the marketplace, they are asking for answers to these common questions.

Biden Signs Executive Order to Tackle Competition Issues; Here's How it Impacts Agriculture
Biden Signs Executive Order to Tackle Competition Issues; Here's How it Impacts Agriculture

President Biden is tackling anti-competitive issues in the U.S. with a new Executive Order. Signed Friday at the White House, the order could have a sweeping impact on agriculture.

An alleged $2.6 million was embezzled by a former employee of the Oklahoma Beef Council.
The Farm Economy Explained in 5 Charts

The latest round of agricultural credit condition surveys from the Federal Reserve banks shows improved strength in the agricultural economy.

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Incentives Are Needed to Help Farmers Address Climate Issues, Report Says

Farmers are among the most-qualified people to help address greenhouse gases (GHGs) and related climate issues, according to a new report commissioned by the Farm Journal Foundation.

Labor Shortage? Data Shows Added Unemployment Payments are Crippling Employers' Ability to Find Workers
Labor Shortage? Data Shows Added Unemployment Payments are Crippling Employers' Ability to Find Workers

Restaurants closing early. Sign after sign plastered along roadsides with businesses looking for help. The hiring issue is crippling everything from manufacturing to the restaurant industry today.

Truck rates soar and no immediate relief expected
Truck rates soar and no immediate relief expected

Produce truck rates are up 70% or more compared with a year ago, and industry sources don’t think relief is coming anytime soon.

Field Work: Small Farmers, Big Stakes
Field Work: Small Farmers, Big Stakes

Farmers John and Kara Boyd share the challenges of practicing regenerative ag in Southern Virginia. John leads the National Black Farmers Association and Kara founded the Association of American Indian Farmers.

Trucker Shortage is Spurring Higher Costs of Goods and Food Across the U.S.
Trucker Shortage is Spurring Higher Costs of Goods and Food Across the U.S.

There is growing concern crops being harvested will make it to market. The problem stems from a lack of truck drivers as COVID-19 concerns and high unemployment benefits are impacting the available workforce.

Regenerative Ag: The No. 1 Food Trend of 2020

More global produce marketers and retailers are taking measures to become regenerative companies.

Some Growers Plow Under Fields As Fruit, Vegetable Demand Disappears
Some Growers Plow Under Fields As Fruit, Vegetable Demand Disappears

From fresh produce being plowed under to unharvested crops sitting untouched in fields, fruit and vegetable growers are the latest agriculture sector facing fallout from COVID-19.

Successful adoption of conservation ag practices is underway by farmers and retailers.
Retailers Pivotal To Farmer Adoption Of Conservation Ag, Says Research

A Trust In Food report showcases how some ag retailers and farmers are getting the job done.

Research highlights sustainability in ag retail and inputs industry

New research from Farm Journal’s Trust In Food initiative looks at the growing importance of sustainability and conservation-focused products and services for the ag retail business.

Online grocery sales are increasing but retailers face challenges
E-commerce growth hot for grocery, but challenges loom

There is no disputing that e-commerce sales of groceries are expanding, but one supply chain consultant says retailers face several challenges as click-and-collect and home delivery sales expand.

UPDATED: Trump announces Mexico trade agreement
UPDATED: Trump announces Mexico trade agreement

President Trump said Monday that a trade “understanding” has been reached with Mexico.