Luke Nozicka reported on the front page of today’s Kansas City Star that, “Citing economic strains, a steak company that had been trying to add thousands of cattle to its feedlot near Powell Gardens, igniting a legal battle with residents, on Monday said it was closing. “In a statement, Valley Oaks Steak Company said it… Continue Reading
Author Archives: Keith Good
Mastermind of Organic Food Fraud Sentenced to Prison
Associated Press writer Ryan J. Foley reported last week that, “A judge on Friday sentenced the mastermind of the largest known organic food fraud scheme in U.S. history to 10 years in prison, saying he cheated thousands of customers into buying products they didn’t want. “U.S. District Judge C.J. Williams said Randy Constant orchestrated a… Continue Reading
Company in Argentina Scrutinized Over its Organic Grain Practices
Adam Belz reported in today’s Minneapolis Star Tribune that, “For years, American farmers’ battle against fake organic-grain imports has centered on Eastern Europe. Now, an organic farm in South America is being scrutinized. “A lengthy complaint filed with the U.S. Department of Agriculture, and obtained by the Star Tribune, alleges fraud at an organic-grain company… Continue Reading
USDA Using Flexibility to Assist Farmers, Ranchers in Flooded Areas
A news release today from USDA’s Risk Management Agency (RMA) stated that, “The [RMA] today announced it will defer accrual of interest for all agricultural producers’ spring 2019 crop year insurance premiums to help the wide swath of farmers and ranchers affected by extreme weather in 2019. Specifically, USDA will defer the accrual of interest… Continue Reading
U.S. Mortgage Debt Reached a Record in the Second Quarter
Harriet Torry reported in today’s Wall Street Journal that, “U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded. “Mortgage balances rose by $162 billion in the second quarter to $9.406 trillion, surpassing the high of $9.294 trillion in the third quarter of 2008, the Federal… Continue Reading
Report: Farmers Prevented from Planting Crops on More than 19 Million Acres
An update yesterday from USDA’s Farm Service Agency (FSA) stated that, “Agricultural producers reported they were not able to plant crops on more than 19.4 million acres in 2019, according to a new report released by the U.S. Department of Agriculture (USDA). This marks the most prevented plant acres reported since USDA’s Farm Service Agency… Continue Reading
Updated Statistics on U.S Honey Bee Colonies
An update earlier this month from USDA’s National Agricultural Statistics Service (NASS) stated that, “Honey bee colonies for operations with five or more colonies in the United States on January 1, 2019 totaled 2.67 million colonies, up 1 percent from January 1, 2018. During 2018, honey bee colonies on January 1, April 1, July 1,… Continue Reading
Next Glyphosate Lawsuit Likely Postponed, Bayer Says
Reuters writers Ludwig Burger and Patricia Weiss reported this week that, “Germany’s Bayer said the next U.S. lawsuit scheduled to be heard over claims that its glyphosate-based weedkiller Roundup causes cancer would likely be postponed. “Bayer, which acquired the weedkiller as part of its purchase of Monsanto last year, was initially scheduled to face its… Continue Reading
Mortgage Rates Sink to 3-Year Low
Diana Olick reported earlier this week at CNBC Online that, “Escalating tensions over a trade war with China sent investors rushing to the relative safety of the bond market late last week. That pushed the yield on the 10-year Treasury, which mortgage rates loosely follow, down sharply. “The average rate on the popular 30-year fixed… Continue Reading
Delgado Bill to Aid Family Farmers Passes Both Chambers of Congress, Goes to President for Signature
A news release last week from Rep. Antonio Delgado (D., N.Y.) stated that, “Before adjourning for the August in-district work period, the U.S. Senate passed [Rep. Delgado’s] bipartisan legislation to ease the process of reorganizing debt through Chapter 12 bankruptcy rules to assist farmers during this down farm economy. The legislation now awaits President Trump’s… Continue Reading
