No Handshakes, but Plenty of High-Impact Info
Although we will not gather for convention, we will come together briefly on screen to elect directors and hear from a former White House insider on what’s at stake in the November elections.
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COVID-19
What’s the Future of Trade Shows
A survey conducted by a marketing firm found that 88 percent of people are open to attending a trade show. Nearly a quarter were characterized as “not worried at all.”
Read moreWorld Ag Expo Calls Off 2021
World Ag Expo announced Monday it will not host its outdoor farm show in 2021.
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USDA Projects Farm Income at 7-Year High
The last time federal payments accounted for a greater percentage of farm income was 2001 at 41 percent. Sonny Perdue said Monday he hopes to announce a new version of coronavirus relief this week.
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Employers Hesitate to Adopt Payroll Tax Deferral
Beginning this month, employers can stop withholding part of employees’ share of Social Security taxes. The IRS will recoup the funds from employee paychecks in the first four months of 2021.
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Watchdog Group Seeks Names of PPP Recipients at $25K Level
The SBA contends that disclosing the names of loan recipients could violate their privacy because the loans are scaled to the size of a business’s payroll. But advocates for disclosure say it is important to gauge the program’s effectiveness.
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New Round of Assistance Expected for Farmers
USDA Chief Sonny Perdue expects to deliver another round of funding to farmers soon through the Coronavirus Food Assistance Program.
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Farmers Prioritize Buying Equipment After Debt, Inputs
If farmers receive a fresh round of assistance this year, they will prioritize paying down debt. Competing for the funds after debt are equipment purchases and inputs.
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Unemployment Fraud Is On the Rise
The prevalence of reported fraud is staggering. Georgia found more than 130,000 false claims filed in July. Illinois identified more than 120,000 counts of unemployment insurance fraud in August. Consider these tips to avoid trouble.
Read moreBalancing Desire to Meet with Safety
If we were shocked in March, we are weary in August. Interest in Zoom meetings, virtual farm shows, and webinars is wearing thin. But perspectives on the risk vs. the benefit of connecting are individual, and differences are dramatic.
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Association Explores Convention Questions
The Board of Directors meets virtually next week to discuss the convention.
Read moreAlamo Group Sees Dip in Income in Q2
The company reported that agriculture has fared better than industrial so far this year, and North American operations have been less affected by the pandemic than European.
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Waiting for COVID Test Results?
Member companies have turned to testing services that sell home tests and promise results within 72 hours of receiving a sample.
Read moreSunbelt Ag Expo Calls It Off
The expo plans to return for its 2021 show and encourages those who would have attended this year to participate through social media.
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Bill Would Reduce, Extend Unemployment Benefit
The plan would expand a worker-retention tax credit created in March, make $190 million available to small businesses through the Paycheck Protection Program, and send a second round of stimulus checks.
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Big Exhibitors Pull Out of Big Iron Farm Show
Organizers said the show has a waiting list of exhibitors and will be full in spite of the withdrawals.
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Lifestyle Changes Create Boon for Tractor Supply
Tractor Supply saw sales grow by 35 percent in the quarter ended June 27. Its net income jumped 54.5 percent.The company saw a 14 percent year-over-year increase in new customers last quarter.
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Hog Farmers Take Big Financial Hit in Pandemic
Hog farmers are seeking congressional action to keep the industry afloat amid the “largest economic hit” it has seen in 30 years.
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COVID-19 Disrupts Freight, Shifts Driver Demand
As the coronavirus pandemic took hold, it disrupted freight demand, forcing some carriers to furlough drivers while others were quick to hire those drivers as a way to swiftly onboard experienced commercial vehicle operators.
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Big Exhibitors Pull Out of Big Iron Farm Show
Deere, Case and New Holland have save said they will not exhibit at the show in West Fargo, N.D.
Read moreManufacturers Cut Capital Spending, Keep Tech Plans
A three-month moving average index of planned capital spending among U.S. manufacturers dropped in May to its lowest level since May 2009. Companies are using already allocated capital to accelerate investments in technology and research.
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Three Farm Belt States Get Quarter of Relief Money
Iowa, Nebraska and Wisconsin have collected one-fourth of USDA’s corona-virus relief payments. California has the largest average payment.
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Lawyers Oppose Employer Protections for COVID
Granting employers legal immunity would make it less likely that they take the steps necessary to protect workers’ health, the trade groups said.
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Sales Folks Are Traveling, Liability Questions Arise
Members who responded to an informal poll about getting their sales team back on the road seemed to focus on July as a potentially significant step toward normal.
Read moreFarm Progress, Husker Harvest Days Canceled
Until Monday, the Farm Progress Show was scheduled to be an in-person event in Boone, Iowa, in early September. A virtual event is in the works.
Read moreLeaders of Empire Days Upset Over Cancellation
“Empire Farm Days is not a county fair,” a statement from the show said. “This is an outdoor ag community business event.”
Read moreFarm Shows 2020: What’s On, What’s Off, What’s Virtual
The situation is fluid, to say the least, but 11 farm shows plan to host in-person events from September through December.
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California Ag Expects $9 Billion Hit from Virus
Dairy is expected to see the largest total loss, followed by grapes.
Read moreAn Economist Offers Thoughts on Recovery
Economist Ernie Goss, Ph.D., makes a case for an alternative to a V-shaped or U-shaped economic recovery. He suggests a swoosh made famous by an athletic shoe brand.
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SBA Loosens Loan Forgiveness Rules for PPP
Companies can spend more of the funds on operating costs, take more time to rehire workers, and if repayment is required, take more time to repay.
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In These ‘Unprecedented Times,’ Membership Matters
Join a conversation about how member companies are approaching getting their sales forces back on the road.
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Farm Workers Hard Hit by Coronavirus
The USDA and Food and Drug Administration said the government could use the Defense Production Act to keep fruit and vegetable lines moving.
Read moreFarm Income to Dip Despite Record Government Support
The government will send a record $32.8 billion in direct payments to farmers this year, but the economic slowdown triggered by the coronavirus still will pull down farm income by 3 percent.
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Kcoe Isom Offers Financial Health Webinar
The no-cost session will cover assessing your finances, managing cash flow, working with lenders, and building financial strength amid uncertainty.
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World Dairy Expo Cancels 2020 Event
For the first time in its 53-year history, World Dairy Expo has been cancelled.
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As Normalcy Returns, Adopt Visitor Policies
Consider implementing these protocols to protect your workforce and communities.
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Business Booms at Small Meat Processors
As coronavirus outbreaks shut down or reduced production at major meat processing plants, farmers scrambled to find alternatives. As is the case with much around the coronavirus, this shift created winners and losers.
Read moreHelp Your Workforce Become Resilient
Leaders asking themselves how resilient their business is should also ask a more foundationally important question: How resilient are your people?
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Take These Steps to Restore Operations
As we emerge from the depth of disruption, consider these steps in ramping up operations.
Read moreCNH Plant Reopens After Five-Week Closure
The plant suspended operations April 7 amid a quick case escalation in its community. It reopened with a series of new safety measures.
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Need ‘Social Distance’ Visual Reminders?
Member Company Muir Omni Graphics has window clings, floor markers, and other products that remind employees to mitigate risk.
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How to Respond to Positive Cases
The infection rate in rural communities increased by 170 percent in a month-long span. Know how to respond at your plant.
Read moreDeere, UAW Negotiate to Keep Plants Operating
Deere agreed to provide paid sick leave to employees who thought they might have been exposed to the virus but did not get tested and offered other safety measures that kept the plant operating.
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Member Companies Adjust, Prioritize Communication
Operations at member companies throughout North America have changed dramatically to reflect our new normal.
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Congress Discusses Next Stimulus, Payments Coming for Farmers
Direct payments should be on their way soon to farmers. Meanwhile, lawmakers discuss support to small businesses as part of a new round of stimulus funding.
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Lawmakers to Focus on Small Businesses This Week
Proposals include extending the timeline on PPP and allowing businesses to use more of the funds for overhead. Some lawmakers want to create new funding vehicles.
Read moreMember Resources Bring Added Value During Virus
As member companies continue to face a new reality, the Association wants to remind you of a service always available to regular members and a new, virus-specific service.
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Cut Out the Noise Using Resources Curated for You.
Workplace rules are changes as more states transition to reopening the economy. Avoid the media filters and find what you need as you navigate employee safety and consider getting your sales team back on the road.
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Payroll Protection Funding to be Replenished Quickly
Analysts anticipate that the new fund could be depleted by early next week. Association members who have not yet pursued the forgivable loans are urged to act quickly. A new member benefit that offers no-cost consultations with experts on the loan process can help.
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Members Receive No-Cost Consults on Payroll Loans
In partnership with KCoe Isom, the Association is offering members no-cost, 60-minute consultations with experts on business and financial questions related to COVID-19.
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