With stimulus money running out soon, what could that mean for your investments? And is there something you can do to prepare for the future? Jake Carpenter takes a look.
This week, Jake Carpenter talks about preparing for life after the stimulus money stops.
If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia.com
President-elect Joe Biden rolled out a nearly $2 trillion COVID-19 relief plan last week, which he said would boost nutrition help for struggling families and aid to restaurants. The “American Rescue Plan” will be the new president’s first legislative priority after he’s sworn in on Wednesday and the first test of his ability to advance his agenda amid the pandemic. If successful, Biden
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With the end of 2020, farmers net income is expected to be up almost $120 billion dollars. A year over year increase of $36 billion. But, the news isn't all good.
"I think it's clear that 2021 is going to see a much lower farm income than 2020," said USDA Chief Economist, Robb Johannson
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The American Farm Bureau Federation said the recently signed Coronavirus aid package includes important benefits for farmers nationwide, specifically changes to the Paycheck Protection Program. Pat Wolff, senior director of congressional relations with the American Farm Bureau, said PPP was designed by Congress to help small businesses stay open and keep their employees on the payroll
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Dale Moore, Executive Vice President for the American Farm Bureau Federation said he’s not taking sides when it comes to the newly elected Congress. But he went on to say the AFBF will continue to fight policies that harm agriculture. He
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Coronavirus continues to be the main driver when it comes to oil prices, and what we’re paying at our local diesel station. But maybe not in the way we’ve seen throughout this year. Patrick DeHaan with GasBuddy said investors are eagerly waiting for lawmakers to approve some kind of stimulus package, preferably for individuals, to jump start the economy.
He
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Hopes a COVID-19 stimulus package can be completed before the November election are increasing. With President Trump and many staffers in the White House testing positive for the virus over the last week, Trump has indicated support for a new stimulus package
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Last week, the USDA announced over $470 million in purchases through the Section 32 Food Purchases and Distribution program. And a variety of local commodities were listed as products the USDA would purchase, including asparagus, dairy, pears, potatoes and many others
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During a webinar Thursday, the USDA’s Agricultural Marketing Service and Farm Service Agency outlined how producers are to apply for $16 billion in direct aid through the Coronavirus Food Assistance Program once the application period opens.
“O
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