Received my FBNews yesterday, and it was good news for the most part.
Their Market basket shows retail food prices declined slightly in the fourth quarter of 2012. And “According the USDA, Americans spend just under 10 Percent of their disposable annual income on food, the lowest average of any country in the world.”
The new tax measures that the Congress approved early in January are not all bad news. They did make permanent the $5 million estate tax exemption and extended the 2008 farm bill for nine months. Both issues were huge worry areas for farmers.
The EPA has announced that it will retain its current 24-hour standard for coarse particulate matter. To those of you who do not speak “governmentese” they are talking about dust. The EPA will be reassessing these rules in 2016 as required by law. So for now, the specter of only being able to work on a rainy day so that there is no dust has been kicked down the road.
So we will keep our heads up and look forward to planting.
You can check it out at fbnews.org.
~ Lorraine Newman