Citing possible public perceptions, and not wanting to see a budget document that has a $600,000 spending deficit for the next year, the Trenton City Council Tuesday evening voted to reject the proposed amended budget and requested another revision that can be voted on at the next meeting. On a separate matter, approval was given […]
Large government payments helped 2020 Missouri net farm income match or exceed the 2014 record of $3.4 billion, according to Abigail Meffert, senior research associate with the University of Missouri Food and Agricultural Policy Research Institute (FAPRI). Missouri’s outlook falls in line with the U.S. Agricultural Market Outlook, a summary of 10-year baseline projections presented […]
Governor Mike Parson announced that Missouri will activate Phase 2 of the state’s COVID-19 Vaccination Plan on Monday, March 29, 2021, and Phase 3 on Friday, April 9, 2021. “With the progress we are currently seeing and vaccine supply expected to increase significantly in the coming weeks, we are well ahead of schedule with our […]
(Missouri Independent) – President Joe Biden’s massive pandemic stimulus law pumps a welcome infusion of federal aid into state and local government coffers — but one brief section is raising questions about whether states are barred from cutting their own taxes if they accept the federal help. The Senate added language to the COVID-19 relief package […]
The USDA says export sales numbers for most major commodities declined during the week ending February 18th. Corn and wheat were driven to new marketing year lows following cancellations by unknown destinations, possibly China, while soybean sales dropped also following cancellations by an unknown destination. China also canceled on U.S. beef and while it was […]
Net farm income is expected to drop this year compared to 2020 but that doesn’t mean your farm won’t see strong profits. In this episode of Managing for Profit, an ag economist breaks down the expected differences from last year to this year and what that could mean for farmers’ bottom line.
Missouri could catch up by the end of the next state budget year on its outstanding debt owed to counties for jail reimbursements. For years, the state has been behind in paying counties and the city of St. Louis for a portion of a defendant’s entire local jail stay if the individual ends up going […]
The latest COVID-19 relief Bill passed by Congress and signed by the President includes specific instructions on how the money will be spent within agriculture. Gary Crawford reports for the Department of Agriculture. Net income for farmers was up in 2020, but what about next year? Department of Agriculture reporter Gary Crawford provides […]
Missouri’s next state budget year that begins in July is expected to have a revenue decline of about 419 million dollars. Senate Majority Floor Leader Caleb Rowden of Columbia thinks the projection of state revenue is very conservative. He says budget leaders are viewing the state’s finances through a two-year lens this time around because […]
The USDA is calling for ag exports to increase by nearly eight percent for the 2021 fiscal year largely because of Chinese demand. USDA’s November ag export forecast increased by $11.5 billion from August to $152 billion. If realized it would be the second-highest export total on record with China accounting for most of the increase, […]
(Missouri Independent) – A Missouri family that was denied a license to grow medical marijuana alleged in court this week that outside groups and individuals had undue access to top state officials — and that access led to an opaque process and contributed to the decision to cap the number of licenses granted. To buttress […]
(Missouri Independent) – When Missouri voters approved Medicaid expansion in August, they were told by the ballot language that the price tag was unknown, with possible costs at $200 million stated alongside $1 billion in potential savings. What is known for certain is that about 250,000 Missourians will become eligible for coverage next year — […]
