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Positive Balance Projected for Minnesota in Latest Economic Forecast

Today, Minnesota Management and Budget released the 2021 February Economic Forecast for the state. There is no longer an anticipated shortfall for Fiscal Year 2022-23. Now, Minnesota projects a positive balance of $1.6 billion because of a higher revenue forecast, lower state spending and an increased surplus for the current fiscal year. View the presentation.

Governor Walz Releases 2022-23 Biennium Budget

Minnesota Governor Tim Walz released a $52 billion budget proposal for the 2022-23 biennium. The proposal would raise taxes for corporations and the wealthy. It emphasizes small business support because of the coronavirus and provides an increase in the general fund for education. The Minnesota Agriculture Department’s budget proposal has a three-percent (about $4 million) increase from the previous biennium. Conservation efforts, trade, farmer stress efforts and more are included the budget proposal. Now, the Department will present the budget to state lawmakers. Read the proposal.

Parts of ND Enter in to Extreme Drought Category

According to the latest U.S. Drought Monitor, nearly all of northwestern and central North Dakota are in D2 or severe drought, with a portion of south-central North Dakota in D3 or extreme drought. The northern Red River Valley is in the D1 or moderate drought category. The southern tier of North Dakota counties and Northern Minnesota are in the abnormally dry or D0 category.
 
View the latest drought maps.

U.S. General Election Results

Votes are still being tallied in the U.S. General Election. Democratic candidate Joe Biden is expanding narrow leads over current Republican President Donald Trump in Pennsylvania and Georgia. The Electoral College vote count according to Reuters has Biden at a 253 to 214 lead. View election results from North Dakota and Minnesota, too.

Section 179 Conformity Sign into Law

Minnesota Governor Tim Walz has signed the bonding and tax bill. This includes conformity with the federal Section 179 expensing provision for farmers. That change is retroactive to 2018. The $1.9 billion bonding bill includes $627 million to improve roads and bridges.

Assistance Available for MN Agriculture

The coronavirus pandemic caused major hiccups in the food supply chain earlier in the year, particularly when it came processing and transportation of ag commodities. That’s why nearly $7.7 million of CARES Act funding is now available agricultural producers and meat processors impacted by the COVID-19. Over $4 million is available for hog farmers and $1.25 for turkey farmers who had to depopulate and dispose of those animals. Another $1 million is set aside for meat processing facilities. This financial support also includes dollars for local food systems, Farm Business Management scholarships and Department of Agriculture grants. Hear more from Petersen in this Red River Farm Network interview.

Harvest Filming Underway, Webinars to Follow

Dry bean harvest is in full swing, and farmers are busier than ever. The U.S. Dry Bean Council (USDBC) has have been capturing footage of the action to use it to tell the industry’s story. It will also aid in communicating critical production and quality information with international buyers and other key audiences.
 
When the global pandemic eliminated the opportunity for USDBC’s traditional reverse trade mission, they pivoted and partnered with teams from FLM Harvest and Torchwerks to travel around the Midwest. The photo shoots and interviews include farmers, processors and dealers from four states, including both North Dakota and Minnesota. The content captured will be used for webinars with international buyers, as well as in a dry bean harvest video. USDBC looks forward to sharing the final video later this fall.
Grady Thorsgard - Harvest (black and pinto)

Dry Bean Harvest Progress – September 28

North Dakota – Harvest was 74% complete, well ahead of 36% last year and 67 percent average.
 
Minnesota – Harvest was 71% complete, well ahead of 34% last year, but behind 75% average.
 
Wyoming – Dry edible beans cut are 64%. Harvest is at 66%, ahead of 51% last year and 57% average.
 
Colorado – Dry edible beans cut are 59%. Harvest is at 13%, behind 29% last year and 41% average.
 
Nebraska – Harvest was 75% complete, ahead of 61% last year.
 
Michigan – Dry edible beans mature are at 55%. Harvest was 37% complete, ahead of 15% last year and on track with 35% average.
 
Idaho – Harvest was 82% complete, ahead of 60% last year but behind 79% average.
 
Oregon – Harvest was 71% complete, behind 77% last year and 83% average.
 
Washington – Harvest is wrapping up at 95% complete, compared to 62% last year and 84% percent average.
 
View the latest USDA Weekly Crop Progress Report here.

Dry Bean Scene

Dry bean harvest is in full swing in both North Dakota and Minnesota. Get an update on the crop in the Dry Bean Scene on the Red River Farm Network made possible. This program is made possible, in part, by the Northarvest Bean Growers Association.
 

Dry Bean Scene

Dry bean harvest is underway for some farmers in North Dakota and Minnesota. For others, the start isn’t too far away. Hear more in the Dry Bean Scene made possible, in part, by the Northarvest Bean Growers Association.