How are ag banks doing?

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How are ag banks doing?

April 17, 2020 By Ken Anderson Filed Underneath: Ag economic system, Information

Nathan Kauffman, ag economist with the Kansas Metropolis Federal Reserve

Throughout a webinar Thursday, Kansas Metropolis Federal Reserve ag economist Nathan Kauffman was requested how he thinks ag and rural banks are doing, contemplating agriculture’s struggles associated to the coronavirus outbreak

Kauffman indicated most banks are presently in fairly good
form. He says they had been well-positioned heading into the coronavirus outbreak.

“Despite the fact that agriculture has been in a fairly lengthy downturn,
banks have been fairly effectively capitalized. Despite the fact that delinquencies on loans
have been selecting up a bit bit, it hasn’t led to systemic issues in
banking—even in ag banking,” Kauffman says.

“When you do see challenges with liquidity and if money stream is
low and also you begin to see fee issues, you might see a few of these banks
additionally having challenges as effectively—and particularly within the cattle business. When you’re
a financial institution or an entity that’s lending into cattle, or hogs for that matter, there
could also be some actual considerations in that market.”

The webinar was sponsored by the College of Nebraska ag economics division.

US agriculture continues to cut back greenhouse fuel emissions

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US agriculture continues to cut back greenhouse fuel emissions

US farmers and ranchers proceed to cut back per-unit greenhouse fuel emissions, in line with EPA’s newest greenhouse fuel stock report.

AFBF launched an evaluation on the EPA report, which identifies agriculture’s and different financial sectors’ contributions to greenhouse fuel emissions for 2018 and earlier years

American
Farm Bureau Chief Economist John Newton says the US ag sector accounted for much less
than 10 p.c of whole US emissions in 2018.

“Once you have a look at emissions per financial sector, the biggest supply of greenhouse fuel emissions in 2018 was the transportation sector,” he says. “That represented about 28 p.c of all emissions in the US and agriculture was a distant fourth.”

Agriculture trade produces much less greenhouse fuel emissions than electrical energy era, the commercial sector, and industrial and residential sectors.

He
says animal agriculture represented lower than three p.c of all emissions in
the nation.

“Beef cattle in 2018 was lower than two p.c, dairy was lower than .7 p.c and hogs lower than .04 p.c,” he says.

Newton
says the info reveals that farmers proceed to supply extra with much less sources.

“We’re producing extra crops and livestock merchandise each single yr due to our adoption of precision agriculture and so that enables our footprint per-unit to truly shrink so I feel that’s an necessary part of the story,” he says.

EPA knowledge reveals that agriculture’s international contribution to greenhouse fuel emissions was 24 p.c in 2010, greater than double US agriculture’s contribution to whole US emissions in 2018.

Audio: John Newton

Tags: AFBF / American Farm Bureau Federation, Agriculture, American Farm Bureau, animal agriculture, Dairy, Surroundings, EPA, farmers, GHG, greenhouse fuel emissions, Greenhouse gasses, John Newton, Livestock, ranchers, Sustainability

NCGA says don’t ignore on-farm stress throughout covid-19

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NCGA says don’t ignore on-farm stress throughout covid-19

April 16, 2020 By Amie Simpson Filed Below: Human Curiosity, Information

The Nationwide Corn Growers Affiliation says it’s necessary to deal with and handle stress on the farm throughout the coronavirus pandemic.

NCGA
says stress throughout an outbreak can embody worry about private well being and the
well being of family members, adjustments in consuming or sleeping patterns, issue
concentrating, worsening power well being and psychological well being circumstances, and
elevated use of alcohol, tobacco, or different medication.

Recommendation
for dealing with stress consists of taking breaks from watching or studying about
the pandemic, exercising, maintaining a healthy diet and nutritious meals, spending time doing
stuff you get pleasure from, and connecting with others.