Business

Body DES MOINES, Iowa (AP)—Thanks to the government paying nearly 40 percent of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast in December.

Body AUSTIN—Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems, and special-purpose taxing districts $783.2 million in local sales tax allocations for January, 2.6 percent more than in January 2020.

Body Third quarterly AgriLife oil and gas miniseries is postponed The third in a series of Hemphill County AgriLife oil and gas short courses, which was scheduled for next Tuesday, Jan. 19, has been postponed and will be rescheduled at a later date.

Body AUSTIN—Texas Comptroller Glenn Hegar said this week that state sales tax revenue totaled $2.86 billion in December, 5 percent less than in December 2019. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December.

Body COLLEGE STATION—Enrollment for agricultural producers and private landowners interested in the Conservation Reserve Program (CRP) began this week and continues until Feb. 12.

Body The $900 billion pandemic-relief legislation passed by the U.S. Congress late Monday includes $33 billion in aid for farms, broadband, biofuels, and nutrition programs according to the Iowa Capital Dispatch.

Body PORTALES, N.M.

Body HOUSTON—Maverick Natural Resources LLC announced last week that it had acquired FourPoint Energy LLC, the largest producer in the Western Anadarko Basin.