August Ag Report Part 2: Summer Storms and National Agriculture Outlook
Manage episode 502716121 series 3640704
The latest edition of Arizona Agriculture Connection covers several key topics, starting with the recent arrival of monsoon rains in Arizona. The US Senate has passed the Agricultural Appropriations Act, allocating $27.1 billion for rural communities, farmers, ranchers, and food safety. The USDA's July Cattle Inventory Report shows a 1% decrease in cattle and calf numbers, with the 2025 calf crop being the smallest on record. Inflation remains a significant issue for agriculturalists despite some improvement since 2022. Interest rates are high, and the Bureau of Labor Statistics reported a 2.7% year-over-year increase in the Consumer Price Index for July. Farmers and ranchers face rising costs and declining commodity prices, compounded by severe weather and uncertain trade conditions, predicting a challenging year ahead. For more detailed information, visit the Maricopa County Farm Bureau's website, https://www.maricopacountyfb.org/.
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