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Bob Larson Consumer Confidence Index and New Dairy Insurance
by Bob Larson, click here for bio

Program: The Agribusiness Update
Date: March 08, 2018

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From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**President Trump says the U.S. won’t lower tariffs on steel and aluminum from Mexico and Canada unless both countries agree to a revamped NAFTA that’s fair to the U.S.

Agweb.com reports the president Tweeted Monday “NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs.”

He added, Canada must treat American farmers “much better,” and Mexico must stop drugs from “pouring into the U.S.”


**The U.S. Consumer Confidence Index hit its highest level since Bill Clinton was in the White House.

The Wall Street Journal reports the CCI for February was 130.8.

According to agrimarketing.com, the last time it was above 128.6 was December of 2000. Its lowest point in the past 20 years was at the height of the Great Recession in February of 2009, at 25.3.


**USDA has approved a landmark revenue insurance plan for dairy producers, and since Congress lifted an underwriting cap is likely to bring out additional new products.

USDA’s Robert Johansson tells Agri-Pulse, the Federal Crop Insurance Corp’s board has approved the insurance proposal that will allow producers to cover their milk production under the type of revenue policies long been available to crops such as corn, soybeans, wheat and cotton.

The plan “allows producers to select a price point that tailors it more closely to the kind of product they're selling and the processor they’re selling to.”


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