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Tuesday, July 8, 2025 at 8:36 PM
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Economic Issues for Farmers and Ranchers a Serious Concern

Economic Issues for Farmers and Ranchers a Serious Concern

"The drop in net farm income is not just an economic hiccup, it’s evidence of an agricultural downturn.” American Farm Bureau Federation (AFBF) President Zippy Duvall said in response to the September 5 announcement by USDA’s Economic Research Service that since 2022, America’s net farm income is estimated to decline by 23 percent this year.  

“High inflation, severe weather and plummeting crop prices should serve as a wake-up call for Congress to finally step up and do the right thing by modernizing the farm bill.” Duvall continued adding, “We've lost 141,000 farms in five years -- is Congress going to wait to act until we lose another 150,000 or 300,000? It has been two years of kicking the can down the road when it comes to the farm bill, and there is no road left for some farmers in light of the current economic realities and antiquated safety net programs.”

Along with the effort that Farm Bureau has been working with other agricultural and groups interested in the food assistance programs that the Farm Bill provides, AFBF Economist Daniel Munch has prepared a Market Intel report which details the estimate of our country losing nearly a quarter of the net farm income over the past two years.  

Some segments of our nation’s agriculture, like the livestock industry have made some improvement.  Others, like crop farmers, have lost even more, keeping the net loss at about  one-fourth of farmers and ranchers income. 

The costs for labor, interest, and taxes, along with reduced government support, continue to present significant challenges for U.S. farmers, who remain financially vulnerable as they head into another difficult year.

In Nevada, a training session is being offered this month “Ranching For Revenue.” This session is planned for Sept. 26 in ElkoFor more information, contact Adrienne Snow, Extension outreach specialist at [email protected] or by calling 775-247-6458. The link to sign up is https://www.eventbrite.com/e/ranching-for-revenue-tickets-1007218516697?aff=oddtdtcreator
 


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COMMENTS
Comment author: Mike HinzComment text: I knew Sam as a member of our church growing up. He always had a warm smile, a kind word, and a great sense of humor! He will be great missed!Comment publication date: 7/2/25, 11:57 AMComment source: Obituary -- Samuel Bruce WickizerComment author: Mike HinzComment text: Great teacher, great coach, but even a better person!!! Rest in peace Mr. BeachComment publication date: 7/2/25, 11:53 AMComment source: Obituary -- Jack Victor Beach, Jr.Comment author: Mike HinzComment text: I had Mrs Hedges for First Grade at Northside Elementary in 1969. I still, to this day, remember her as a wonderful teacher…one of my favorites!!Comment publication date: 7/2/25, 11:29 AMComment source: Obituary - Nancy Marie Hedges C Comment author: Carl C. HagenComment text: What are MFNs and PBMs ?? ............................ From the editor: This is a very good question and we apologize for not catching that wasn't in there. We reached out to the writer/submitter and got this info back...hope it's helpful. PBM: Pharmacy Benefit Managers are pharmacies that are owned by insurance companies. (CVS is one.) They negotiate with drug makers to get reduced pricing for medications, but they historically have not passed along those savings to patients. https://www.ftc.gov/system/files/ftc_gov/pdf/pharmacy-benefit-managers-staff-report.pdf MFN: Most Favored Nation pricing is a policy that means a country agrees to offer the same trade concessions (like tariffs or price reductions) to all member nations of the World Trade Organization (WTO). When applied to pharmaceuticals, it could disrupt global access, deter innovation, and obscure the deeper systemic issues in American health care. https://petrieflom.law.harvard.edu/2025/05/22/the-global-risks-of-americas-most-favored-nation-drug-pricing-policy/Comment publication date: 6/23/25, 7:47 AMComment source: L E T T E R TO THE EDITOR
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