Agriculture/Farming

U.S. farm income seen falling from record 2013 levels

August 27, 2014
Bloomberg News
Lower prices for corn and soybeans will drive the profits of U.S. farmers down to an estimated $113.2 billion in 2014, a decline of 14 percent from last year’s record, according to the Department of Agriculture.
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U.S. farmers may grow more corn than they can handle

August 22, 2014
Bloomberg News
From Ohio to Nebraska, corn and soybean output is expected to be even higher than the record amounts predicted earlier this year.
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Farmers on pace for record corn crop, report says

August 12, 2014
Associated Press
A bigger crop was expected as adequate rain and cool temperatures made for favorable growing conditions in the 18 states that produce 91 percent of the nation's corn.
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Byproducts big business for Morgan County grain mill

August 11, 2014
Associated Press
It appears one man's bust is another's boom, because many of the reasons byproducts have become so popular are the same reasons you're paying historically high prices for beef.
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UPDATE: Cool summer sets hopes for record harvest

August 8, 2014
Associated Press
The nation's corn and soybean farmers are on track to produce record crops this year as a mild summer has provided optimum growing conditions.
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Judge rules against residents in suit over hog smell

July 24, 2014
Associated Press
A judge has ruled state law protects four large hog farms from lawsuits filed by residents of an eastern Indiana county who complained about waste and foul smells from their operations.
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Ag-gag laws facing federal court challenges

July 20, 2014
 Associated Press and IBJ Staff
The years-long fight between farm organizations and animal rights activists over laws prohibiting secretly filmed documentation of animal abuse is moving from state legislatures to federal courts as laws in Utah and Idaho face constitutional challenges.
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Indiana county planning to start aquaculture park

July 14, 2014
Associated Press
A central Indiana county is working on plans for a 60-acre aquaculture park in hopes of attracting more business connected with fish production.
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Agriculture industry seeks to create right to farm

July 10, 2014
Associated Press
In the nation's agricultural heartland, farming is more than a multibillion-dollar industry that feeds the world. It could be on track to become a right, written into law alongside the freedom of speech and religion.
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Housing developer hopes farm hooks new residents

June 7, 2014
Kathleen McLaughlin
A growing number of housing developers thinks farms, rather than golf clubs, are the perfect hook to lure residents. The first to experiment with the concept in central Indiana is Mike Higbee of Central Greens LLC, with his Seven Steeples Farm on the site of the old Central State Hospital.
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Surge in craft breweries strains hops supply

May 31, 2014
Scott Olson
Hops, used as a flavoring agent, are in high demand by microbreweries that need the crop to give their pale ales and other varieties more taste than what’s found in traditional mass-market beers.
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Senators: Administration must support biodiesel

May 14, 2014
Associated Press
The Obama administration is considering changes that would significantly reduce the required amount of biodiesel in the United States. Industry groups, farm state lawmakers and others have called on the administration to reconsider.
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Indiana Grown Commission now accepting applications

May 1, 2014
Jesse Wilson, The Statehouse File
The IGIC was created by a law signed by Gov. Mike Pence on March 27. The legislation creates a commission that oversees the programs that market and promote Indiana-produced agriculture.
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Indiana farmers make progress planting corn crop

April 29, 2014
Associated Press
The new report says that while many farmers took advantage of warmer, drier conditions in the past week to kick off their planting work, others held off because cool, wet weather is in the forecast for the next several days.
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Pork packer planning to produce 98 positions at Indiana plant

April 21, 2014
 IBJ Staff
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
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Study: Fuels from corn waste not better than gas

April 21, 2014
Associated Press
A $500,000 study paid for by the federal government and released Sunday in the peer-reviewed journal Nature Climate Change concludes that biofuels made with corn residue release 7 percent more greenhouse gases compared with conventional gasoline.
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Farmers off to slow start planting corn crop

April 15, 2014
Associated Press
As of Sunday, the U.S. Department of Agriculture says, just 3 percent of the U.S. corn crop was sown, half the dismal pace of last year.
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Anderson businessman pays $7.9M for prime farmland

April 9, 2014
Associated Press
More than 800 acres of prime farmland in Delaware and Madison counties sold during open bidding on Tuesday for $7.9 million.
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Pence renews talks over $2.1B fertilizer plant

April 8, 2014
Associated Press
Indiana economic development officials have renewed talks with Pakistan-connected developers who want to build a major fertilizer plant in southwestern Indiana, one year after the state withdrew its support for the project over national security concerns.
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Indiana seed commissioner seeks federal hemp OK

April 4, 2014
Associated Press
Although the Indiana Legislature approved a measure allowing hemp to be grown in the state, the state still needs permission from the U.S. Drug Enforcement Administration and the U.S. Department of Agriculture.
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Beck's plans $60M expansion, 100 more workers

April 2, 2014
Andrea Muirragui Davis
Indiana-based Beck’s, the country’s largest family-owned seed company, said the expansion will include research labs, greenhouses, office space, and seed-processing facilities and equipment.
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Beck's Hybrids planning to expand headquarters operation

April 1, 2014
Andrea Muirragui Davis
The growing family-owned seed company had been working with Hamilton County officials on incentives. An economic development announcement with state officials is planned for Wednesday morning.
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Indiana county OKs farm's plans for fish feed mill

March 29, 2014
Associated Press
An eastern Indiana county has narrowly approved a fish farm's plans to build a feed mill as part of a $30 million expansion supporters say will help turn the area into an aquaculture hub.
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General Assembly passes bill to legalize industrial hemp

March 13, 2014
Jessica Seabolt, The Statehouse File
A bill to legalize the cultivation of industrial hemp in Indiana is headed to Gov. Mike Pence after it passed the House on Wednesday night and the Senate on Thursday.
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Dow AgroSciences nears jackpot from genetic engineering

March 8, 2014
Dan Human
Dow AgroSciences LLC is spending millions of dollars and racking up hundreds of patents as its expands ever deeper in the burgeoning global market for genetically modified crops and pesticides.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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