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June 2019 Ags Update

The 2019 US planting season has been one for the history books, with corn planting at the slowest pace on record due to the excessive wet weather pattern across the US. It began with an abrupt change to a wetter pattern immediately after the 2018 harvest.   This did not allow fall application of anhydrous ammonia…

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Secretary Perdue Announces New Dairy Margin Coverage Signup Begins June 17

USDA

WASHINGTON, June 13, 2019 — U.S. Secretary of Agriculture Sonny Perdue today announces that signup begins June 17 for the new Dairy Margin Coverage (DMC) program, the cornerstone program of the dairy safety net that helps dairy producers manage the volatility of milk and feed prices, operated by the U.S. Department of Agriculture’s Farm Service…

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Secretary Perdue Announces Kansas City Region as Location for ERS and NIFA

USDA

Move puts ERS, NIFA closer to customers, expected to save nearly $300 million nominally (Washington, D.C., June 13, 2019) – U.S. Secretary of Agriculture Sonny Perdue today announced the U.S. Department of Agriculture (USDA) will relocate the Economic Research Service (ERS) and National Institute of Food and Agriculture (NIFA) to the Kansas City Region. “Following…

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USDA Proposes Bold Moves to Improve Forests Management, Grasslands

USDA

(Washington, D.C., June 12, 2019) – The U.S. Department of Agriculture’s (USDA) Forest Service (USFS) released proposed changes to modernize how the agency complies with the National Environmental Policy Act (NEPA). The proposed updates would not only give the Forest Service the tools and flexibility to manage the land and tackle critical challenges like wildfire,…

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Secretary Perdue Statement on President Trump’s Biotech EO

USDA

(Council Bluffs, IA., June 11, 2019) – U.S. Secretary of Agriculture Sonny Perdue issued the following statement after President Donald J. Trump Signed the Modernizing the Regulatory Framework for Agricultural Biotechnology Products Executive Order.  “Our current regulatory framework has impeded innovation instead of facilitating it. With this Executive Order, President Trump is once again putting…

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How Interest Rates, Inflation Impact Equity Select Sectors

About the Presenter Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is…

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USDA Helps Farmers, Businesses and Ag Producers Cut Energy Costs

USDA

WASHINGTON, June 11, 2019 – Acting Assistant to the Secretary for Rural Development Joel Baxley today announced that the U.S. Department of Agriculture (USDA) is awarding 58 grants for projects in 17 states and the Commonwealth of Puerto Rico (PDF, 146 KB) to reduce energy costs for farmers, ag producers and rural-based businesses and institutions.…

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Are U.S. and UK Interest Rates About to Converge?

So why have U.S. and UK monetary policies diverged so much in recent years?  The one-word answer is Brexit.  The uncertainty surrounding the UK’s eventual exit from the European Union has prevented the BoE from following the Fed’s rate path higher. There is a lot of truth in this explanation as Brexit has weighed heavily…

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Secretary Perdue Statement on Disaster and Trade-Related Assistance

USDA

(June 10, 2019 – Washington, D.C.) – U.S. Secretary of Agriculture Sonny Perdue issued the following statement on disaster and trade-related assistance: “Whether it’s because of natural disasters or unfair retaliatory tariffs, farmers across the country are facing significant challenges and tough decisions on their farms and ranches. Last month, immediately upon China reneging on…

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Flood Havoc

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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