In this evening edition, learn about agriculture’s role in the rural economy, planter and baler upgrades, and subsidies available to livestock processors.
More U.S. farmers are relying on off-farm income as agriculture accounts for a smaller share of rural employment nationwide, a University of Missouri study said Monday.
The analysis, commissioned by agricultural lender CoBank, said the majority of major farmers worked off the farm and off-farm income accounted for 82% of farm household income.
“The rural economy has become more diverse and complex than 15 years ago,” said Dan Kowalski of CoBank. “In many cases, the historical concept of ‘rural’ no longer applies.”
Seeders and presses
Editor Alex Gray reports on machine announcements from Claas and CaseIH.
For Claas, this includes technical upgrades to the Quadrant Evolution series square baler and the new Variant 500 series round baler.
Case IH has announced new upgrades to the 2000 Series Early Riser seeders, including the 2150S announced earlier this year.
Among these new updates are further increased fluid capacity, a dealer-installed 48th row option and software upgrades for the AFS Pro 1200 display.
Minnesota Processor Grants
Minnesota livestock processors looking to start or change businesses may be eligible for a grant program administered by the Minnesota Department of Agriculture.
The two-year-old program’s goal is to increase sales of Minnesota livestock products by investing in equipment and physical improvements that support processing, capacity, market diversification and access to markets.
The ministry plans to award up to $1.4 million through a competitive review process.