Ag News: Decline in U.S. Net Farm Income
**The USDA forecasts inflation-adjusted U.S. net farm income to decline $11.4 billion, 14.8 percent, from 2017 to $65.7 billion in 2018 … while inflation-adjusted U.S. net cash farm income is forecast to decline $14.6 billion, 13.8 percent, to $91.5 billion, largely due to higher production expenses.
According to agrimarketing.com, government payments are forecast to decline $2.3 billion, or 19.1 percent, but do not include payments under the Market Facilitation Program, because it’s unclear yet how many farm producers will apply.
****Bayer AG is welcoming a ruling by a Brazilian court ensuring growers in the country can continue to use glyphosate-based herbicides.
Monsanto, recently acquired by Bayer, was ordered last month to pay $289.2 million in a landmark lawsuit in California that claimed exposure to Roundup caused cancer.
Bayer says the verdict is "at odds with the weight of scientific evidence, decades of real world experience and the conclusions of regulators around the world."
**St. Louis commuters traveling north on I-170 or east on I-64 are passing two unusual billboards that feature a lush and leafy Peace Arch standing tall in front of the downtown skyline against a white backdrop.
Bayer unveiled recently what's believed to be the first ever Living Billboards adorned with actual crops that include kale, parsley, collards and three varieties of chard - Swiss chard, white stemmed chard and red stemmed chard. The message reads, "St. Louis, lets grow together."