Business news in brief

USDA Supports Organic

Farming in 6 fields

The US Department of Agriculture has finalized cooperative agreements in six regions across the US to help food producers transition to organic farming practices.

Farmers face technical and market challenges while transitioning to organic farming and during the first years after obtaining certification.

For crops to be certified organic, farmers in the US must manage their land without using inputs prohibited by the USDA for certification such as synthetic pesticides for 36 months, according to a USDA news release this week.

The regional network—West/Southwest, Northwest, Plains and Midwest-Middle-Atlantic/Northeast and Southeast, which includes Arkansas—will establish and administer a farmer-to-farmer consultation that includes training, Education and outreach activities.

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The USDA announced a $300 million Organic Transition Initiative tied to these agreements on August 22 to help farmers make the transition and strengthen organic food markets.

— Christina LaRue

expected profit for

3Q. in Murphy USA

Murphy USA Inc. will release its third-quarter earnings today after the stock market closes, with Wall Street expected to see benefits from higher fuel prices and increased consumer demand.

Analysts expect the El Dorado-based convenience store and gas station company to report net income of $7.57 per share. That’s nearly double its earnings per share of $3.98 in last year’s third quarter.

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The company has over 1,670 stores in 27 states. Most are near Walmart Inc. Supercenters

Murphy USA officials will discuss the quarter’s results in a conference call at 10 a.m. Thursday. Anyone wishing to participate can dial 1-888-330-2384 and use the conference ID number 6680883.

The call can also be accessed via a webcast on the Investor Relations page at The webcast will be available to replay one hour after the call ends, with a transcript issued shortly thereafter.

Shares of Murphy USA fell $4.93, or 1.67%, to close at $290.17 on the New York Stock Exchange on Tuesday. The company’s shares have traded between $160.74 and $303.09 over the past year.

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— Serena McKeu

Index soars 3.07,

day ended 790.07

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed at 790.07, up 3.07 on Tuesday.

Chris Harkins, Raymond James & Managing Director, said: “The falling Treasury yield helped push the S&P 500 up 1.6% and the Nasdaq up 2.25% on Tuesday, despite news that the consumer confidence index revised downward in October to September.” Fell with the numbers.” Associate.

The index was developed by Bloomberg News and the Democrat-Gazette, with a base price of 100 on December 30, 1997.


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