Tariff Threats No Longer Just Bluster

Economic Tidbits 12.18.17

Last week marked a new extreme in the trade tensions between the U.S. and China as President Trump moved forward with tariffs on $34 billion of imported Chinese machinery, auto parts, and medical devices.  China responded immediately with tariffs on several U.S. products including soybeans and pork.  Several U.S. trading partners have now imposed tariffs on U.S. commodities and processed foods in response to tariffs imposed by the U.S.  With all the threats and tariffs imposed, it’s difficult to stay abreast of where things now stand.  Table 1 summarizes recent tariffs enacted by other countries on U.S. agricultural products which will affect Nebraska.  Continue reading

Life on a Dairy Farm

Shelby - Dairy Farming 2We put it in our cereal. Kids drink it in their sippy cups. It is used as an ingredient in many of the things we make, yet it is something that most kids don’t get enough of. That’s right, I mean milk!

For this blog, I wanted to learn more about something I don’t know much about. I chose dairy as my subject to dive into, and because of this reason I got the opportunity to spend some time with some of my relatives on their dairy farm, Beauty View Guernseys, just west of Wahoo, NE. Continue reading

Meet the 2018-2019 Class of The Crew!

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Nebraska Farm Bureau has identified sixteen social media savvy student members to join our Crew. The Crew is a group of Nebraska Farm Bureau student members who share their love of agriculture through social media. Each member is selected in the spring and participates for one year. A Crew member:

  • Supports and amplifies Nebraska Farm Bureau and Foundation messages.
  • Creates original content to portray accurate agriculture messages.
  • Participates in facilitated learning sessions from industry professionals.
  • Leads social media advocacy for their generation.

Follow along this year as these students bring to life rural America through their work on social media!

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5 Ways to Put Farm Safety into Practice

Every year, thousands of farmers and ranchers are injured and hundreds more die in farming accidents across the nation. That’s what Nebraska Farm Bureau is reminding you to take precautions to make your farm and ranch as safe as possible. Continue reading

Agricultural Land Taxable Values Down . . .

Economic Tidbits 12.18.17

The taxable value on agricultural land declined 2.77 percent in 2018 according to the Nebraska Department of Revenue.  Taxable value for all real property increased 0.96 percent, with residential and recreational property value growing 3.66 percent, and commercial and industrial property growing 6.94 percent. The decline in agricultural land values marks the second consecutive year taxable values have shrunk.  Prior to last year, the taxable value on agricultural land had not declined since at least 1993, and perhaps as far back as the late 1980s.  It may seem like a distant memory, but just three years ago, the taxable value of agricultural land statewide increased almost 20 percent.  Since then, market values for land have declined between 15-20 percent and these declines are now being reflected in taxable values.  Expect taxable values to continue to decline over the next few years due to the lag effect in how taxable values are set.  Values are set using data on sales prices from the three years prior to the tax year for which the taxable values are being set.

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Spring Had Sprung

garden lanscape toolsEvery year when spring arrives the heart races a bit faster for every gardener and landscaper. The return of spring brings warmer temperatures, longer days, and a time for a fresh start. And, while last year it arrived rather early, this year it seems Mother Nature has decided to sleep in a bit longer.

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Trade Tensions Rise . . .

Economic Tidbits 12.18.17

Last week China issued a list of 106 U.S. products and goods, 37 of which are agricultural, that will face additional tariffs in retaliation to the April 3 announcement by the Trump Administration that the U.S. intends to enact tariffs on $50 billion of imports from China.  The latest Chinese list includes soybeans, corn, and beef, the top three exports commodities from Nebraska, and are in addition to a list announced earlier which included added tariffs on pork and ethanol.  Last Friday, it was revealed President Trump has instructed administration officials to investigate whether tariffs on another $100 billion of Chinese goods is warranted.  Thus, it appears the U.S. and China are rapidly escalating to a full-fledged trade war.   Continue reading