The U.S. Drought Monitor shows the state has suffered from drought conditions for five years. But that’s only part of the story, says Steve Runyan, a farm and rural real estate appraiser based in Bakersfield. The other parts of the story have to do with water use and distribution problems.
Falling commodity prices have been a primary concern for farmers and ranchers across the country, but the rising number of federal regulations are also weighing on the ag economy, members of the U.S. Senate Committee on Agriculture, Forestry and Nutrition told U.S. Agriculture Secretary Tom Vilsack during a hearing Wednesday,[…]Read More »
By a 400 to 20 vote, Republicans and Democrats approved the Emergency Citrus Disease Response Act, which allows growers to immediately expense the cost of planting new citrus instead of the standard 14-year depreciation period under the current IRS rules. Read more about what this means for our citrusRead More »