Farm Credit East reported solid 2018 financial results today, showing continued growth in loans coupled with strong earnings, which allowed for record patronage dividends of $65 million paid to eligible customer-owners in February. Farm Credit East’s 2018 earnings also allowed for an additional one-time special patronage of $15 million paid in October 2018.
Farm Credit East, a farmer-owned cooperative, recently released its 2019 industry outlook report. This report addresses market outlooks for multiple industries, including dairy, grain, vegetables, apples, greenhouse and nursery, lobster, and forest products. It also includes articles on crop insurance and business management.
An adjustment to the filing deadline has been made to farmers’ tax returns originally due March 1. Farmers can file their federal tax returns by April 15, without penalty, even if they have not made estimated tax payments. Click here to read the announcement.
Besides nutrition programs – which make up roughly 80 percent of farm bill spending – what’s inside the farm bill for farmers, ranchers and producers? Overall, the 2018 Farm Bill did not make major changes to ag programs, but we review some title-by-title highlights of the legislation in this month’s Knowledge Exchange Partner. The second article provides Dr. Charlie Hall’s insights on what matters most to producers in the green industry. This report looks at real GDP, the housing market, interest rates, the Consumer Price Index and a myriad of other factors to predict the green industry picture for 2019.