Arkansas News

State of the State Mid-Year 2024: Arkansas tourism continues to be a strong industry

by Tina Alvey Dale (tdale@talkbusiness.net)

Arkansas Tourism Director Dalaney Thomas said the state’s 2% tourism tax collections continue to rise with fiscal year 2024 (June 2023-July 2024) closing out at a record $26.363 million, up 5.13% compared with the recent fiscal year.

“Arkansas’ travel industry continues to see growth in large part thanks to the expansion of the state’s marketing footprint and the return of strong business and corporate travel,” Thomas said.

The tax collections are directly allocated toward promotion of the state, and Thomas said those efforts are working.

State of the State Mid-Year 2024: Arkansas tourism continues to be a strong industry

Former Arkansas Gov. Asa Hutchinson attends DNC

KUAR | By Ronak Patel

During the Democratic National Convention (DNC) last week, former Arkansas Gov. Asa Hutchinson, was one of the handful of Republicans, at the event.

In an interview with Fox News, Hutchinson said he was not at the event to endorse Vice President Kamala Harris. However, he said he still believes Donald Trump should not be the next president and the Republicans need to move on from the former president.

“We need to define it [the Republican Party] differently than Donald Trump and the rule of law is important to me. I said on the debate stage I’m not going to vote for a convicted felon. That still holds true,” Hutchinson said.

Former Arkansas Gov. Asa Hutchinson attends DNC

Former Arkansas Governor Asa Hutchinson - Flickr Image

Arkansas medical marijuana sales down almost 4% through July

by Talk Business & Politics staff (staff2@talkbusiness.net)

Medical marijuana sales in Arkansas between January and July total $158.5 million, down 3.7% compared with the $164.6 million in the same period of 2023. Sales since medical marijuana was legalized in 2019 total more than $1 billion.

The Arkansas Department of Finance and Administration reported $22.956 million in July sales, with 6,467 pounds sold. There are 37 dispensaries in Arkansas. The voter-approved amendment allowing medical marijuana sales provides for up to 40 dispensaries.

Following are the top five dispensaries for pounds sold in July.
Suite 443 (Hot Springs): 731.95 pounds
Natural Relief Dispensary (Sherwood): 540.18 pounds
CROP (Jonesboro): 366.7 pounds
Harvest (Conway): 323.47 pounds
High Bank (Pine Bluff): 315.47 pounds

Arkansas medical marijuana sales down almost 4% through July

Wikimedia Commons Image

Legislative committee approves rules on electronic signatures, gender-neutral IDs

KUAR | By Josie Lenora

Members of the Arkansas Legislative Council approved two controversial rule changes in a meeting Friday: the first had to do with elections, while the second had to do with gender-neutral driver's licenses.

Driver's licenses

The Department of Finance and Administration recently implemented a rule requiring the letter “M” or “F” to be listed under “sex” on all driver’s licenses or state-issued IDs. Right now, a few hundred Arkansans have “X” listed instead of "M" or "F".

Democratic lawmakers protested the rule change, saying it was harmful to transgender and nonbinary Arkansans. Rep. Andrew Collins, D- Little Rock, said the rule change goes beyond the purview of what the Department of Finance and Administration is allowed to do.

Legislative committee approves rules on electronic signatures, gender-neutral IDs

Dwain Hebda/Arkansas Advocate

The Arkansas Legislature approved two controversial rules at a legislative meeting Friday.

Dove delay preserves full weekend of fun

BY Randy Zellers

LITTLE ROCK — Arkansans gearing up for the state’s kickoff to hunting seasons might have noticed that the Sept. 7 opening day doesn’t fall on Labor Day Weekend, which is typically associated with the event. The break from the federal holiday is a matter of unfortunate timing, so to speak.

Each year, federal migratory bird frameworks dictate that dove seasons in the Central Management Unit (migration corridors similar to flyways) may not begin before Sept. 1 and must conclude by Jan. 15. Labor Day, which began in 1882 and became a federal holiday in 1894 is annually scheduled for the first Monday in September, regardless of the calendar date.

Here’s where the phenomenon known as “calendar creep” comes into effect. This year (and next year), Labor Day Weekend will actually begin at the end of August, preceding the first available date for dove season.

During these years the Arkansas Game and Fish Commission has to decide whether to open the season on Sunday, cutting the weekend short, or to postpone the opening day to the following weekend.

In 2019, the AGFC was faced with this decision and decided on the Sunday opening day. Staff and commissioners fielded many calls from the public that many people were not able to take advantage of the Labor Day holiday from work, which resulted in their traditional opening weekend of dove season becoming a single-day hunt.

With this in mind, Commissioners and staff agreed that postponing the season until Sept. 7 allowed more opportunities for all Arkansans to enjoy a full weekend of dove hunting unpressured birds during the season opener.

Luckily this issue only presents itself two out of every seven years, notwithstanding shifts caused by leap year. Unfortunately, next year will see the same delay because Sept. 1 falls on Labor Day itself, leaving no room for a full weekend of fast flights and delicious doves.

Kamala Harris tells Democrats: ‘I see a nation that is ready to move forward’

by Roby Brock (roby@talkbusiness.net)

Vice President Kamala Harris accepted her party’s nomination for President Thursday night (Aug. 22), while laying out a stark contrast between herself and her Republican opponent, former President Donald Trump.

In accepting the nomination at the Democratic National Convention in Chicago, Harris made history as the first woman of color to lead her party for President.

“On behalf of everyone whose story could only be written in the greatest nation on Earth, I accept your nomination to be the President of the United States of America,” Harris said.

Kamala Harris tells Democrats: ‘I see a nation that is ready to move forward’

College of Pharmacy Recognized by AACP with Designation, Individual Awards

By Benjamin Waldrum

The American Association of College of Pharmacy (AACP) recently recognized the UAMS College of Pharmacy with a prestigious designation and handed out national awards to two faculty members, one preceptor and a student.

The College of Pharmacy was one of only 17 schools of pharmacy nationwide selected as an inaugural Academia-Community Transformation (ACT) Community Pharmacy Center of Excellence. This designation recognizes schools and colleges of pharmacy that are committed to advancing community pharmacy practice.

Chris Johnson, Pharm.D., M.Ed., assistant professor of pharmacy practice, was one of four pharmacy faculty nationwide recognized as a national Emerging Teaching Scholar. Laura Lumsden, Pharm.D., a local pharmacy owner and longtime College of Pharmacy preceptor, was named a Distinguished Preceptor. Marty Perry, Ph.D., associate professor and vice chair for professional education in the college’s Department of Pharmaceutical Sciences, was named to the AACP’s prestigious Academic Leadership Fellows Program (ALFP).

Amberly Clifton, MBA, a third-year pharmacy student, was selected to the AACP’s Aspiring Academics Program. The program aims to facilitate a deeper understanding of career paths in academic pharmacy.

College of Pharmacy Recognized by AACP with Designation, Individual Awards

Walmart sells $3.7 billion stake in JD.com

by Kim Souza (ksouza@talkbusiness.net)

Walmart sent a signal that it’s reducing investments in China by selling 144.5 million shares of JD.com, which totaled about $3.7 billion. The trade happened Wednesday, ending the retail giant’s eight-year partnership.

The world has changed since Walmart first took a stake in China’s e-commerce platform JD.com in 2016. Walmart ramped up its ownership to 10% as it sought to grow its retail business inside China. Since that time, China has experienced a volatile economy, slower consumption patterns, and a prolonged shutdown from the COVID-19 pandemic.

Walmart said divesting the JD shares indicates the company plans to focus on Walmart China, Sam’s Club, and allocate funds to other priorities. Walmart execs have said the Sam’s Club format is performing well in China for online and physical sales. Market analysts estimate Sam’s Club achieved a compounded annual growth rate of around 30% in the past three years. Sam’s Club China posted annual sales of $11.1 billion (US) in 2023. More than 50% of Sam’s Club orders in China came from online.

Walmart sells $3.7 billion stake in JD.com

Cotton Reiterates the Demand for Answers Regarding Harris’ National Security Advisor’s Communications with Iranian Influence Operation

Washington, D.C. — Senator Tom Cotton (R-Arkansas) today sent a second letter to Vice President Kamala Harris to express his concern about her National Security Advisor, Philip Gordon, and his connections to senior Department of Defense official Ariane Tabatabai. Ms. Tabatabai was reportedly involved in an Iranian government operation to expand Iran’s influence in the United States.

In part, Senator Cotton wrote:

Ariane Tabatabai - Flickr Image

“In social media posts since my last letter, Mr. Gordon continues to demonstrate a pattern of anti-Israel bias, which furthers Iranian interests. If he’s willing to ridicule Israel so unfairly in public, I can only imagine what he is telling you in private. I understand that it may be difficult to discern Iranian agents from the left-wing ideologies on your staff. But you have the responsibility to make these difficult distinctions and appropriately vet the people you elevate to positions of distinction and trust.”

Full text of the letter may be found here and below.

August 15, 2024

Vice President Kamala D. Harris

The White House

1600 Pennsylvania Avenue NW

Washington, DC 20500                                                        

                                                           

Dear Vice President Harris,                                    

On July 31, I sent you a letter regarding your National Security Advisor Philip Gordon’s connections to alleged Iranian spy, Ariane Tabatabai. Yet, you failed to respond by my deadline or to appropriately address this threat to national security emanating from your staff.                                                   

The presence of such an obvious security risk in your inner circle should have elicited your utmost attention. It raises the question of whether you’ve been aware of Mr. Gordon’s possible links to the Iranian regime and simply find your policies aligned enough with Tehran’s interests that ties to that regime don’t concern you.                                                 

In social media posts since our last letter, Mr. Gordon continues to demonstrate a pattern of anti- Israel bias, which furthers Iranian interests. If he’s willing to ridicule Israel so unfairly in public, we can only imagine what he is telling you in private.                                                        

I understand that it may be difficult to discern Iranian agents from the left-wing ideologues on your staff. But you have the responsibility to make these difficult distinctions and appropriately vet the people you elevate to positions of distinction and trust.                                                           

I expect you to immediately investigate Mr. Gordon’s ties to the Iranian regime and provide responses to my initial July 31 letter.                                                                     

Thank you for your belated attention to this important matter.

Sincerely,

Tom Cotton                                                             

United States Senator                                              

Arkansas initiative advances organic farming, diversity

By Jenifer Fouch
University of Arkansas System Division of Agriculture
Arkansas Agricultural Experiment Station

FAYETTEVILLE, Ark. — With U.S. organic food sales topping $63 billion last year, the Center for Arkansas Farms and Food wants to help Arkansas farmers grab a larger share of that market.

Arkansas has 107 certified organic farms, most of which are poultry or egg operations, with 19 fruit or vegetable farms, according to the U.S. Department of Agriculture.  That’s an increase from 82 organic farms in 2021, as reported in the latest USDA Certified Organic Survey. However, Luke Freeman, program associate for CAFF, says there’s still room for growth to meet consumer demand, especially in specialty crops.

ORGANIC FARM TOUR -- Participants gather at Peebles Organic Farm on May 23, 2024, for a farm tour as part of CAFF's resources and training. (Photo Credit: Center for Arkansas Farms and Food)

CAFF is leading the Arkansas Organic Agriculture Project, a statewide effort to help producers transition to organic production and promote diversity within the agricultural industry.

“We’re importing a significant amount of organic products that Americans consume, whereas we could be producing those products right here in the U.S. and Arkansas especially,” Freeman said.

According to the Organic Trade Association, U.S. organic food sales have grown yearly since 2013, reaching $63.8 billion in 2023.

Since the Arkansas Organic Agriculture Project started in 2022, CAFF surveyed farmers in Arkansas about barriers to pursuing organic certification. They learned that weed and insect control was a key issue, as was the need to seek out-of-state organic certifiers since Arkansas doesn’t have an in-state option. CAFF is working on addressing these issues with the new project and helping farmers connect with certifiers.

The Arkansas Organic Agriculture Project is part of the Transition to Organic Partnership Program, also known as TOPP, a nationwide effort funded by the U.S. Department of Agriculture. TOPP’s primary goals are to increase certified organic acreage to meet growing consumer demand and to expand the participation of people from various racial, ethnic and socio-economic backgrounds in organic farming.

Diverse partners

The University of Arkansas at Pine Bluff plays a key role in this initiative, focusing on engaging these underserved producers.

“UAPB’s long-standing commitment and successful track record in serving small-scale and limited-resource clientele makes the institution uniquely positioned to engage these groups in the area of organic production practices,” said Shaun Francis, extension horticulture specialist at the School of Agriculture, Fisheries and Human Sciences at UAPB. “This type of initiative is very timely as it provides producers another avenue to remain competitive in the agriculture industry.”

Another partner in the project is Black Women in Agriculture, an advocacy group dedicated to increasing the representation of Black women in the industry. Founder and director Kesha Cobb says these efforts are essential because organic growth is a part of the foundation of conservation.  

“We want to usher in a better, more sustainable way of crop production for socially disadvantaged growers and make it plain and attainable so that we can look forward to a new day in agricultural production,” she said.

The Arkansas Organic Agriculture Project offers resources, events, and opportunities in four key priority areas: organic farmer mentorship, technical assistance, community building, and workforce development.

Through mentorship, farmers transitioning to organic practices are paired with experienced organic producers who provide one-on-one guidance on production methods, marketing strategies and the certification process. Experienced organic farmers who sign up to be mentors can receive a stipend.

COMMUNITY BUILDING -- Attendees gather at the Organic Farm Tour at Dripping Springs Garden in Huntsville on June 23, 2024. (Photo Credit: Center for Arkansas Farms and Food)

The project offers technical support through resources such as the Beginning Farmer classes, an online video library at CAFF, and the Arkansas Organic Network, a platform for farmers, agricultural support organizations, advisors, suppliers, and buyers to share resources and collaborate on solutions to common challenges. It includes a discussion board called the AR Farmer Exchange, where members can find work opportunities, buy and sell farm equipment and livestock, and coordinate bulk purchasing.

The workforce development component of the project includes training organic inspectors, developing practices among agriculture advisors, and providing additional training to increase the knowledge and resources available to current Arkansas organic farmers.

“Technical assistance and training in the area of organic production offers smaller producers the opportunity to utilize their existing small acreage and receive a premium price for their organic produce,” said Francis. “This initiative complements other diversification efforts such as high tunnel production, micro irrigation, and use of cover crops.”

Upcoming Event: Organic Farm Tour at PrairieWoods Farm

The Arkansas Organic Agriculture Project is holding an organic farm tour at PrairieWoods Farms on Aug. 25 in Sulphur Springs, Arkansas.

This free event will offer participants a firsthand look at practices and techniques used on a certified organic farm with a guided tour and discussions on managing mixed vegetables, using high tunnels and the organic certification process.

“The event provides an excellent opportunity for both current and aspiring organic farmers to learn more about organic farming practices and network with others in the field,” said Freeman.

A training workshop for agriculture professionals and extension agents will also be held on Oct. 2, focusing on techniques and practices for organic weed management in specialty crops.

CAFF director Heather Friedrich leads the Arkansas Organic Agriculture project. Other key leaders in the initiative include TOPP program manager Luke Freeman and CAFF instructor Joe Hannan. Other partners include Winrock International, the Arkansas Natural Soybean and Grain Alliance and the National Center for Appropriate Technology Southeast Office.

Stay up-to-date on the Arkansas Organic Agriculture Project by signing up for the newsletter and checking out the podcast Arkansas Organic Chronicles and other resources.

About the Center for Arkansas Farms and Food

The Center for Arkansas Farms and Food trains farmers and food entrepreneurs with production, business skills and resources to help them develop businesses that sustain ecosystems, land and communities. CAFF is a program of the Arkansas Agricultural Experiment Station, the research arm of the University of Arkansas System Division of Agriculture.

To learn more about the Division of Agriculture research, visit the Arkansas Agricultural Experiment Station website. Follow us on X at @ArkAgResearch, subscribe to the Food, Farms and Forests podcast and sign up for our monthly newsletter, the Arkansas Agricultural Research Report. To learn more about the Division of Agriculture, visit uada.edu. Follow us on X at @AgInArk. To learn about extension programs in Arkansas, contact your local Cooperative Extension Service agent or visit uaex.uada.edu.

Weekly update from State Representative DeAnn Vaught

This week, the House and Senate Education Committee convened to continue important work on the Educational Adequacy Study, a crucial study aimed at ensuring that every student in Arkansas has access to a high-quality education. One area of focus has been teacher recruitment and retention—an essential component in providing a stable and effective learning environment for our students.

Historically, Arkansas has taken significant steps in educational funding following landmark legal cases such as the 2002 Lake View case. At the heart of our funding strategy is the foundation funding model established in 2003, which outlines the essential resources needed for an adequate education. This funding matrix, while largely unchanged in its composition, has seen adjustments in funding amounts over the years. For 2023, the per-pupil foundation funding stood at $7,413, reflecting our ongoing commitment to supporting our schools.

 In recent years, we have seen positive trends in teacher qualifications and experience. The percentage of teachers holding bachelor's, master's, and advanced degrees has risen, along with an increase in fully certified teachers. From 2021 to 2023, the average years of teacher experience grew from 10.5 to 11.8 years, showcasing a more experienced workforce in our classrooms. Currently, 92% of teachers have at least one year of experience, and 3% are nationally board-certified, indicating a dedicated and skilled teaching staff.

 While our average teacher retention rate stands at 74%, we will always strive for improvement.

Under the LEARNS Act, we raised starting teacher salaries to $50,000/year. It is clear that investing in our teachers is paramount. We must continue to explore ways to ensure they feel valued and supported in their vital roles.

The final Educational Adequacy Report must be completed by November 1. You can find copies of the presentations at the committee meetings at arkansashouse.org.

UAMS College of Medicine Welcomes 175 Students at Joint White Coat Ceremony in Little Rock, NWA

By Linda Satter

LITTLE ROCK — The University of Arkansas for Medical Sciences (UAMS) College of Medicine welcomed 175 new medical students to its Little Rock and Fayetteville campuses in an Aug. 9 white coat ceremony attended by hundreds of friends, family and other well-wishers.

A tradition for incoming medical students, the ceremony followed a week of orientation before classes started Aug. 12.

It began with several distinguished speakers offering words of wisdom from the Robinson Center Performance Hall stage in Little Rock. Most of the students, who are starting medical school on the main campus, watched from the first several rows, while 19 freshmen at the Fayetteville campus participated through a live feed from the Schmieding Center in Springdale.

UAMS College of Medicine Welcomes 175 Students at Joint White Coat Ceremony in Little Rock, NWA

Mississippi River projected to be at minus levels during harvest for third straight year

by George Jared (gjared@talkbusiness.net)

Drought conditions have plagued farmers for the last two harvest seasons, but haven’t been a factor this growing season. One side impact has been on the water levels of the Mississippi River.

Last year, the river at Memphis dropped to an all-time low of minus 11.5 feet in October. It topped the previous record of minus 10.81 feet set in 2022. Despite consistent rain throughout much of the region, the river is projected to be at minus 3.2 feet by Aug. 27, according to NOAA’s National Water Prediction Service.

The mid-south hasn’t had drought-like conditions, but a lack of snow last winter in the upper Midwest and lower rain levels throughout the spring and summer have led to lower water levels with many tributaries in the river’s upper system.

Mississippi River projected to be at minus levels during harvest for third straight year

Multi-million dollar jail death settlement may be heard by Sebastian County Quorum Court

by Michael Tilley (mtilley@talkbusiness.net)

Sebastian County Quorum Court members are expected on Tuesday (Aug. 20) to hear about a proposed settlement in the August 2021 death of Larry Price Jr. resulting from “cruel and inhumane” treatment while an inmate in the Sebastian County Detention Center.

A lawsuit was filed Jan. 13, 2023, in the U.S. District Court for the Western District of Arkansas seeking a jury trial. Sebastian County and Turn Key Health Clinics, the company contracted to provide medical care at the jail when Price died, were named as defendants.

In a June 10, 2024, filing, Turn Key Health asked for a settlement hearing.

Multi-million dollar jail death settlement may be heard by Sebastian County Quorum Court

Larry Price’s body was photographed Aug. 29, 2021, after being pronounced dead at the Mercy Fort Smith hospital.

SMART Reproduction receives $275,000 research grant

by George Jared (gjared@talkbusiness.net)

Jonesboro-based SMART Reproduction has won a $274,996 research seed grant from the National Science Foundation. 

CEO Brittany Scott said the idea to apply came from a conversation with the Arkansas Small Business and Technology Development Center that introduced her to America’s Seed Fund, the Small Business Innovation Research and Small Business Technology Transfer programs.

The center’s innovation consultants, Karen Bergh and Catherine Corley, encouraged SMART Repro to seek SBIR/STTR non-dilutive funding to support its innovative work. 

SMART Reproduction receives $275,000 research grant

Arkansas Attorney General Griffin leads 26-state amicus supporting West Virginia Title IX appeal to U.S. Supreme Court

LITTLE ROCK – Attorney General Tim Griffin today issued the following statement after filing an amicus brief on behalf of himself and 25 other state attorneys general calling on the United States Supreme Court to take up West Virginia’s appeal of a lower court ruling that struck down the state’s law protecting girls’ sports:

“Like Arkansas, West Virginia has a strong interest in safeguarding the benefits of equal access to athletic opportunities for women and girls. They deserve the opportunity to shine on a level playing field. Biological males should not be robbing females of their opportunity to compete for athletic accolades or scholarships, nor should they be threatening the safety of women in competition. I will continue fighting to protect girls’ sports teams and the opportunities of female athletes.”

The United States Court of Appeals for the Fourth Circuit blocked West Virginia’s “Save Women’s Sports Act,” which bans male athletes from playing on girls’ sports teams, saying the law violated Title IX. West Virginia Attorney General Patrick Morrisey filed a petition with the United States Supreme Court to hear his appeal.

Griffin is leading the amicus brief with Alabama Attorney General Steve Marshall supporting the West Virginia appeal. They are joined by the state attorneys general of Alaska, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, and Wyoming.

To read the brief, click here.

For a printer-friendly version of this release, click here.

Arkansas Water Plan Update Moves Forward After First Phase Completion

Cossatot River (Robert Thigpen-Flickr)

LITTLE ROCK, Ark — The Arkansas Department of Agriculture, along with the U.S. Army Corps of Engineers (USACE), has completed the first phase of the Arkansas Water Plan (AWP) update as directed by Governor Sarah Huckabee Sanders’ Executive Order 23-27. Completion of Phase I marks a significant milestone in the preparation and development of a comprehensive program for the orderly development and management of the state’s water and related land resources that will benefit all Arkansans.  
 
“Every Arkansan deserves access to safe, reliable drinking water. My administration’s ongoing review and update of our Arkansas Water Plan is key to that goal,” said Governor Sanders. “Completion of Phase I of our plan review is an important milestone and I look forward to moving on quickly to Phase II while we continue making needed investments statewide.”
 
“Governor Sanders has been the most proactive Governor in the country in addressing water issues,” said Secretary of Agriculture Wes Ward. “From signing Executive Order 23-27 that initiated an update to the Arkansas Water Plan, to initiating a statewide levee inventory and analysis to prepare for and mitigate future flooding events, to addressing critical groundwater issues for our state’s agriculture industry and administering over $2.5 billion in water development projects in all 75 counties across the state.  There is no Governor that has devoted more time and effort to address water issues and ensure that Arkansas is set up for success for many years to come.” 
 
Phase I required a comprehensive review of the existing Arkansas Water Plan to determine areas of significant change to be reevaluated or updated. Completion of Phase I included a total of seven stakeholder meetings that were held across the state from March to May 2024. Additionally, citizens were encouraged to provide feedback through a stakeholder survey. The Department used this data to better understand the state’s current water needs and to develop the goals for the Arkansas Water Plan update. 
 
Completion of Phase I identified the following six goals for the Arkansas Water Plan Update:

  • Provide drinking water that supports public health and well-being.

  • Provide water that supports environmental and economic benefits to the state and supports interstate agreements.

  • Use the best available science, data, tools, practices, and technologies to support water resource planning and management for current and future needs.

  • Maintain and improve water supply, wastewater, stormwater, and flood control infrastructure and plan for future infrastructure needs.

  • Maintain, protect, and improve water quality to support designated uses of waterbodies.

  • Reduce the impacts of future flooding events on people, property, infrastructure, industry, agriculture, and the environment.

 The update to the Arkansas Water Plan is being completed in two phases. Phase II is scheduled to begin before the end of the 2024 calendar year.

Representative French Hill responds to Harris' outrageous economic plan

LITTLE ROCK, AR - Rep. French Hill (AR-02) released the following statement in response to Kamala Harris' catastrophic plan she laid out for our economy, including housing proposals.

Kamala Harris (Wikimedia Image)

“Kamala Harris claims her economic agenda represents the ‘future’ and a ‘new path forward,’ but, in fact, her proposals are old, failed economically illiterate duds like price controls we’ve seen from President Nixon to President Biden. Her economic vision is just warmed up Biden leftovers. 

“Instead of freezing prices and blaming corporations for inflation caused by Bidenomics and Kamala Harris herself, let’s instead unleash the American economy in a way that bolsters a dominant ‘all of the above’ energy strategy; cuts regulatory burdens at the local, state, and federal levels to unleash American productivity and innovation; and maintains and enhances tax policies for families and small businesses.

“Regarding housing specifically, our nation already has significant existing state and federal incentives for first time homebuyers to obtain down payment assistance and attractive mortgage terms. What’s really crushing our first time buyers - and all other American families - is the punishing impact of the Biden-Harris inflation, which has nearly doubled mortgage interest rates since they took office. Higher rates mean higher mortgage payments and tougher down payments making the reality of achieving homeownership much more difficult. Harris’ mandates and price controls are going to make housing more expensive – not less.

“It’s well past time we return economic sanity to our nation by implementing policies that we know work instead of following ones that we know don’t. The American people have suffered for far too long and deserve financial security in their everyday lives.” 

NASS forecasts new record soybean yield for Arkansas

By Mary Hightower 
U of Arkansas System Division of Agriculture  

LITTLE ROCK — Arkansas is on track to break its year-old record for soybeans, as the National Agricultural Statistics Service on Monday forecast a statewide 57-bushel-per-acre average yield, up three bushels per acre from last year. 

NASS, part of the U.S. Department of Agriculture, forecast Arkansas soybean production at 172 million bushels, up 8 percent from last year. Harvested acreage is expected to be 70,000 acres higher than last year at 3.02 million from 3.05 million acres planted.

Soybeans are on track for a record state average yield, according to NASS.  (Flickr Image)

“I was very surprised of the projected new state record yield of 57 bushels per acre for 2024,” said Jeremy Ross, extension soybean agronomist for the University of Arkansas System Division of Agriculture.  

“With how early a majority of the soybean crop was planted this year, I was anticipating yields similar to slightly below the 54 bushels per acre state average soybean yield seen in 2023,” he  said. “I'm hoping the best for this soybean crop, because every soybean farmer is going to need every bushel that can combine with how much the soybean prices have dropped over if the last 12 months.”  

Ross said Arkansas growers had “almost ideal weather conditions from planting to harvest in 2023. We had another good, early start for 2024, but July was hotter and drier than 2023 and August is looking like it's going to be hot and dry as well. 

“The last time we had a significant yield bump between two years was 2016-2017. The average state yield was 47 bushels per acre in 2016 and 51 bushels per acre in 2017,” he said “Again, the weather conditions in 2017 were much improved from those seen in 2016.”  

CORN — Corn production was forecast at 90.2 million bushels, down 41 percent from last year. However, yield is expected to average 186 bushels per acre, up three bushels from last year. NASS revised the planted acres downward by 120,000 acres to 500,000. Harvested acres were also expected to drop from 600,000 to 485,000. 

“Yields look to be really good, with an estimated 186 bushels per acre state average yield,” said Jason Kelley, extension wheat and feed grains agronomist. “This is not a record but getting close.  

“Overall, it was a great growing season for northeastern Arkansas, which got planted early and never looked back,” Kelley said. “Points further south had a more difficult planting season due to too much rain at planting for some producers, but statewide we have had some timely rains which has cut down on irrigation costs this year. Harvest has started on a limited amount of acres and will continue to increase as we get later into August. 

COTTON — Cotton production was expected to rise by 21 percent to 1.65 million bales, which is 288,000 bales higher than last year. Yields are expected to be 57 pounds per acre lower than last year, forecast at 1,238 pounds of lint. Harvested acres were expected to be up 135,000 acres from last year to 640,000. 

Zachary Treadway, extension cotton and peanut agronomist, said that the new acreage number, while a decrease from NASS’s initial estimate, “is still quite an increase from our acreage last year. 

“I know of several locations that had to abandon cotton planting due to extremely wet conditions in southern Arkansas, so the decrease from the initial estimate is not a huge surprise,” he said. “The increase in total production is to be expected with the major increase in acres.” 

Treadway said that the crop has held up despite “the roller coaster season we’ve had.  

“We started extremely wet, then we got extremely hot and dry, followed by more cool and wet conditions, and it seems like we are again settling into hot and dry for the coming several days,” he said. “Cotton is still trading pretty low at somewhere from 68-70 cents, so we need to get this crop to the finish line in the best shape possible to aid producers' bottom lines in a tough market.” 

PEANUTS — The forecast for peanuts is mixed, with production expected to be 18 percent higher than last year to 233 million pounds. However, yield is forecast to be down 500 pounds per acre from last year to 5,300 pounds. The forecast for harvested acreage has been revised upward to 44,000 acres from 34,000. 

RICE — Seems like everything is up for rice in the August forecast.  Production is forecast at 109 million hundredweight, up 2 percent from last year. The yield for all rice is forecast at 7,600 pounds per acre, up 50 pounds from last year. The forecast for harvested acres rose 30,000 acres to 1.43 million acres. 

Jarrod Hardke, extension rice agronomist for the Division of Agriculture, said Monday’s report wasn’t surprising.   

“I expected acreage projections to increase slightly compared to the June report,” he said. “The yield number — at slightly higher than last year –- was unexpected but is still really within the range of my projection.  

“It’s a very good yield but not a record,” Hardke said. “The question is whether our significant amount of early planting counteracts some of the likely yield drags from in-season management difficulties due to weather.” 

HAY — NASS has forecast Arkansas’ hay production to be 2.68 million tons, up 22 percent from last year. The yield is forecast to average 2.20 tons per acre, up 0.30 tons from last year. Producers expect to harvest 1.22 million acres of hay, excluding alfalfa, up 60,000 acres from 2023. 

To learn more about Division of Agriculture research, visit the Arkansas Agricultural Experiment Station website: https://aaes.uada.edu. Follow on Twitter at @ArkAgResearch. To learn more about the Division of Agriculture, visit https://uada.edu/. Follow us on Twitter at @AgInArk. To learn about extension programs in Arkansas, contact your local Cooperative Extension Service agent or visit www.uaex.uada.edu.  

State of the State Mid-Year 2024: Banks enjoying stable interest rates, ready when changes come

by Steve Brawner (BRAWNERSTEVE@MAC.COM)

Arkansas banks have been catching their breath as interest rates have remained stable for a year. Now, they are preparing for future rate changes that might occur. In fact, the Federal Reserve hinted July 31 at a slight rate decrease.

Brad Chambless, CEO of Farmers and Merchants Bank and chairman of the Arkansas Bankers Association, said banks couldn’t respond quickly enough to the Federal Open Market Committee increasing the federal funds rate by 5.25 percentage points over 18 months.

But, the Fed’s keeping the rate steady at about 5.4% since July 27, 2023, has given banks time to adjust their assets and liabilities.

State of the State Mid-Year 2024: Banks enjoying stable interest rates, ready when changes come