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Business and Economic News

Walz urges Congress to pause 18-cents-a-gallon gas tax

Walz urges Congress to pause 18-cents-a-gallon gas tax

Gov. Tim Walz joined five other Democratic governors Tuesday in urging Congress to pause the 18.4-cents-a-gallon federal gasoline tax for the rest of the year to alleviate pump prices that exceed $4 per gallon.
by The Associated Press and Brian Bakst

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U.S. strikes harder at Putin, banning all Russian oil imports

President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine. 
by The Associated Press

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Threat of deadly virus keeps poultry farmers on edge

Threat of deadly virus keeps poultry farmers on edge

Turkey and chicken producers say they’ve adopted stricter biosecurity measures since 2015, when highly pathogenic avian influenza was responsible for 9 million bird deaths in Minnesota.
by Kirsti Marohn

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Minnesota lawmakers at odds over drought relief package

Minnesota lawmakers at odds over drought relief package

Minnesota farmers and ranchers still reeling from last summer's drought are asking the Legislature for urgency on relief, though lawmakers on either side of the aisle have yet to agree on what a final package should look like.
by Mohamed Ibrahim, Associated Press

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Minnesota farmers face rising costs following Russia's invasion of Ukraine

Minnesota farmers face rising costs following Russia's invasion of Ukraine

Rising costs for fuel, fertilizer and food are just some of the issues American farmers are dealing with following Russia’s invasion of Ukraine. They may be able to sell their goods at higher prices, but will they be able to make end’s meet?
by Cathy Wurzer and Lindsay Guentzel

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Invasion of Ukraine ripples through the agricultural economy

Invasion of Ukraine ripples through the agricultural economy

The Russian invasion of Ukraine has created turmoil in farm commodity markets and left farmers, grain traders and agricultural economists trying to predict the effects on the international food system.
by Dan Gunderson

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