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The Trump administration announced a temporary reduction in tariffs on several categories of agricultural and industrial equipment, lowering the rate from 25% to 15% through the end of 2027.
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Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
U.S. farmers and ag economists remain concerned by mounting global competition and the reliability of recent trade agreements. However, some economists say emerging market shifts could create opportunities later this year.
The May Farm Journal Ag Economists’ Monthly Monitor reveals growing concern over farm profitability, rising debt costs and long-term financial stress, with economists saying many operations may need significant restructuring to remain viable.
The central foundation for those against the merger of Union Pacific and Norfolk Southern is if the new entity would in fact enhance competition.
Spending was mainly driven by increases in away-from-home