Where in the unholy heck did all these bees come from?!
Personal Finance
Wait, does America suddenly have a record number of bees?
Published
2 years agoon
We’ve added almost a million bee colonies in the past five years. We now have 3.8 million, the census shows. Since 2007, the first census after alarming bee die-offs began in 2006, the honeybee has been the fastest-growing livestock segment in the country! And that doesn’t count feral honeybees, which may outnumber their captive cousins several times over.
This prompted so many questions. Does this mean the insect apocalypse is over? Are pollinators saved? Did we unravel the web of maladies known as colony collapse disorder?
But let’s start with the most important question: Is there, in fact, a bee boom?
We consider the census from the National Agricultural Statistics Service (NASS) to be the gold standard, but another data set from those quantitative crusaders, the annual honey report, actually shows bee colonies losing ground.
Agriculture Department economist Stan Daberkow, who helped write the definitive comparison of these sources, retired in 2008 but continues to follow the beekeeping business closely. When we tracked him down, he dove headfirst into our data mystery, sending us theories and exchanging emails at 1:35 a.m. and beyond.
Like any source produced by humans and constrained by budgets, Daberkow said, the honey report and Census of Agriculture have their limitations. The honey report focuses on operations with five or more hives, while the census includes every farm in the country. In this case, “farm” means any plot of land that sells at least $1,000 of agriculture products in a year, a measure that could include more hobbyists and dabblers in the buzz biz.
Inflation also increases the share of beekeepers who qualify for the census: The Agriculture Department’s $1,000 farm definition hasn’t changed since 1975. So as honey prices, pollination fees, hive prices and other sources of bee revenue rise, more hobbyists will magically transmogrify into “farmers.” Some of those new farmers, plus others discovered through census outreach efforts, might get added to the honey report. So next year’s honey report could paint a sunnier picture.
Daberkow said he was somewhat “leery” of the latest census data. Given less-than-ideal recent honey prices, major producers shouldn’t have much incentive to expand their operations. “Any growth would likely have come in smaller operations, a demographic USDA goes to great lengths to track down for the census,” he said.
Sure enough, the census shows the number of operations with any bee colonies has ascended far faster than honey production or bee-colony counts — about 160 percent since 2007.
Much of the explosion of small producers came in just one state: Texas. The Lone Star State has gone from having the sixth-most bee operations in the country to being so far ahead of anyone else that it out-bees the bottom 21 states combined.
Our data showed the biggest increases in north Texas, a region not traditionally considered a honey hotbed. So we started dialing beekeepers to ask what was going on. The first thing we learned? Our job would be half as hard and twice as joyful if all our sources were Texas bee boosters. Every last one seemed genuinely thrilled to pick up the phone.
Consider John Talbert of Sabine Creek Honey Farm, age 85. A past president of both the Association for Facilities Engineering and the Texas Beekeepers Association, Talbert takes a spoonful of honey before bed each night and brings a jar of wildflower honey to every politician he meets. He does the same for his doctor and his dentist.
“That’s so small that it couldn’t be considered a bribe,” Talbert told us. “It’s just a gesture of good faith!”
Talbert is such an infectious evangelist, we suspect that he and his many protégés could have propelled the great American bee resurgence by enthusiasm alone. But the Texas beekeepers all pointed to one clear reason for the bee boom — and that reason answered the phone on our second try.
Dennis Herbert wouldn’t strike you as a political mover and shaker. A retired wildlife biologist, Herbert, 75, boasts of no fancy connections and drops no names. But in 2011, after keeping bees for a few years, he went to the Texas legislature and laid out a simple hypothetical.
“You own 200 acres on the other side of the fence from me, and you raise cotton for a living. You get your ag valuation and cheaper taxes on your property. I have 10 acres on the other side of the fence and raise bees, and I don’t receive my ag valuation. And yet my bees are flying across the fence and pollinating your crops and making a living for you,” Herbert said. “Well, I just never thought that quite fair.”
In 2012, the Herbert Hypothetical gave rise to a new law: Your plot of five to 20 acres now qualifies for agriculture tax breaks if you keep bees on it for five years.
Over the next few years, all 254 Texas counties adopted bee rules requiring, for example, six hives on five acres plus another hive for every 2.5 acres beyond that to qualify for the tax break. Herbert keeps a spreadsheet of the regulations and drives across the state to educate bee-curious landowners.
Herbert himself doesn’t qualify for the exemption. His modest homestead in the tiny town of Salado, about an hour north of Austin, isn’t big enough. But, he says, “more bees provide more pollination, and so I get to eat a little better. I get my watermelon during the summer. And that doesn’t make me anybody special at all. I just, I like my watermelon.”
While Herbert never intended it, Texas bee exemptions have become big business. That has created an opportunity for Gary Barber, a former newspaper photographer.
Barber got bit by the bee bug after he left the Dallas Morning News in 2014. His firm, Honey Bees Unlimited, now leases and runs 1,500 hives for 170 clients in eight counties north of the Dallas-Fort Worth metroplex. As developers split the once-rural countryside into five- and 10-acre ranchettes, he’s signing up new clients faster than he can split hives to place on their land.
“It’s crazy, the blanket of bees over these counties!” Barber said. “Honestly, it’s not bee country: You’re not going to make it like a traditional beekeeper. But it’s really great because … now we’ve got pollinators all around!”
Barber has risen to become vice president of the Texas Beekeepers Association and promotes the industry alongside Herbert — especially every other year when the Texas legislature is in session.
“There’s usually some legislator that wants to mess with [the tax break], and we’ve got to go tell them why it’s great,” Barber told us. “And luckily, while our two political parties don’t agree on much, they all seem to want to save bees.”
These Texans helped explain the rise in beekeeping operations. And they built our trust in the Census of Agriculture as a purveyor of weird truth. But even with its army of small producers, Texas still ranks only sixth in the number of actual bee colonies. To find the true core of the bee boom, we had to make like the Village People and go west.
When the census was taken in December 2022, California had more than four times as many bees as any other state. We emailed pollination expert Brittney Goodrich at the University of California at Davis, who explained that pollinating the California almond crop “demands most of the honeybee colonies in the U.S. each year.”
Every February and March, something like 170 million almond trees unite in one of Earth’s great synchronized acts of sexual reproduction — made possible by the migration of the bees.
Pollination — not honey prices — has been the true rocket booster strapped to the back of the modern beekeeping industry. And almond pollination is responsible for $4 of every $5 spent on bee fertility assistance in the United States, according to NASS.
America’s almond acreage has more than doubled since 2007 as the world’s food firms race to stuff the nut into every conceivable granola mix, nut butter and milk substitute. So it seems reasonable to assume the honeybee population doubled along with it. After all, those almonds aren’t pollinating themselves.
(Editor’s note: Some of those almonds are, in fact, pollinating themselves. But self-pollinating trees remain a small minority.)
So the situation on the ground seems to confirm the census: We probably do have a record number of honeybees.
Sadly, however, this does not mean we’ve defeated colony collapse. One major citizen-science project found that beekeepers lost almost half of their colonies in the year ending in April 2023, the second-highest loss rate on record.
For now, we’re making up for it with aggressive management. The Texans told us that they were splitting their hives more often, replacing queens as often as every year and churning out bee colonies faster than the mites, fungi and diseases can take them down.
But this may not be good news for bees in general.
“It is absolutely not a good thing for native pollinators,” said Eliza Grames, an entomologist at Binghamton University, who noted that domesticated honeybees are a threat to North America’s 4,000 native bee species, about 40 percent of which are vulnerable to extinction.
Grames helps lead EntoGEM, a collaborative effort to sift through more than 120,000 often-obscure scholarly articles worldwide in search of hidden insect-population data. Grames said the consensus holds that pollinators, like all insects, are in decline — losing probably 1 to 2 percent a year.
(“Pollinators” is not a synonym for “bees,” by the way. Legions of insects have evolved to help native plants with long-distance reproduction, including butterflies, moths, beetles, flies, midges and gnats. Many aren’t even fully known to science, so we can’t say with certainty they’re declining. But optimism would seem misplaced.)
Many of the same forces collapsing managed beehives also decimate their native cousins, only the natives don’t usually have entire industries and governments pouring hundreds of millions of dollars into supporting them. Grames compared the situation to birds, another sector in which maladies common in farmed animals, such as bird flu, threaten their wild cousins.
“You wouldn’t be like, ‘Hey, birds are doing great. We’ve got a huge biomass of chickens!’ It’s kind of the same thing with honeybees,” she said. “They’re domesticated. They’re essentially livestock.”
Mace Vaughan leads pollinator and agricultural biodiversity at Xerces, an insect-conservation outfit that has grown from five to nearly 80 employees during his 24 years there. Vaughan says it’s not a zero-sum game: For native pollinators to win, honeybees don’t have to lose. If we focus not on tax breaks, but on limiting the use of insecticide and promoting habitats such as meadows, hedgerows and wetlands, all pollinators can come out ahead.
“We’ve got really well-meaning people who are keeping honeybees because, ‘Oh, I’ve got to save the bees.’ That’s not the way you save the bees!” Vaughan told us. “The way you support both honeybees and beekeepers — and the way you save native pollinators — is to go out there and create beautiful flower-rich habitat on your farm or your garden.”
Howdy! The Department of Data seeks your quantitative queries. What are you curious about: Should we pay blood donors? When does spring really start? What’s the best time to get your flu shot? Just ask!
If your question inspires a column, we’ll send you an official Department of Data button and ID card. This week we owe one to ace news researcher Razzan Nakhlawi, who helped us track down several bee-data experts.
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The Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday.
In what could be Jerome Powell’s last as chair before President Donald Trump’s yet-to-be-confirmed nominee Kevin Warsh takes the helm, central bankers maintained the federal funds rate in a target range of 3.5% to 3.75%.
Inflation has surged since the war with Iran began, leaving policymakers with limited room to act, according to Sean Snaith, the director of the University of Central Florida’s Institute for Economic Forecasting. “We’re in a kind of suspended animation — between Iran and the Fed transition,” Snaith said.
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Before the oil shock, inflation was holding above the Fed’s 2% target but not worsening. Now the jump in energy costs could have longer-term inflationary effects, economists say.
For Americans struggling in the face of higher gas prices and overall affordability challenges, the central bank’s decision to keep interest rates unchanged does little to ease budgetary pressures. “The cavalry isn’t coming anytime soon,” Snaith said.
How the Fed decision impacts you
The Fed’s benchmark sets what banks charge each other for overnight lending, but also has a trickle-down effect on many consumer borrowing and savings rates.
Short-term rates are more closely pegged to the prime rate, which is typically 3 percentage points above the federal funds rate. Longer-term rates, such as home loans, are more influenced by inflation and other economic factors.
Credit cards
Most credit cards have a short-term rate, so they track the Fed’s benchmark.
After the Fed cut rates three times in the second half of 2025, the average annual percentage rate has stayed just under 20%, according to Bankrate.
“Without Fed rate cuts, there’s not much reason to expect meaningful declines anytime soon, so carrying a balance will remain very expensive,” said Matt Schulz, chief credit analyst at LendingTree.
Mortgage rates
Fixed mortgage rates, on the other hand, don’t directly track the Fed but typically follow the lead of long-term Treasury rates.
Concerns about how the Iran war will impact the U.S. economy have already pushed the average rate for a 30-year, fixed-rate mortgage up to 6.38% as of Tuesday, from 5.99% at the end of February, according to Mortgage News Daily.
That leaves homeowners with existing low mortgage rates “feeling stuck,” said Michele Raneri, vice president and head of U.S. research and consulting at TransUnion. “Mortgages, more than any other credit type, work on a churn,” she said, referring to how a dip in rates can boost borrowing activity.
Student loans
Federal student loan rates are also fixed and based in part on the 10-year Treasury note, so most borrowers are somewhat shielded from Fed moves and recent economic uncertainty.
Current interest rates on undergraduate federal student loans made through June 30 are 6.39%, according to the U.S. Department of Education. Interest rates for the upcoming school year will be based in part on the May auction of the 10-year note.
Car loans
Auto loan rates are tied to several factors, including the Fed’s benchmark. Because financing costs remain elevated, new car buyers are taking on longer loans to keep their monthly payments manageable, according to the latest data from Edmunds.
Even so, with the rate on a five-year new car loan near 7%, the average monthly payment on a new car rose to $773 in the first quarter of 2026, an all-time high.
“Car buyers are in a tough spot right now because they’re getting squeezed from both ends: high sticker prices and high interest rates, with neither showing any signs of letting up,” said Joseph Yoon, consumer insights analyst at Edmunds.
“Until the rate picture shifts, buyers will keep stretching loan terms to make payments work, which only adds to the total cost of ownership down the road,” Yoon said.
Savings rates
While the Fed has no direct influence on deposit rates, the yields tend to be correlated with changes in the target federal funds rate. So, although rates on certificates of deposit and high-yield savings accounts have fallen from recent highs, they are holding above the annual rate of inflation.
For now, top-yielding online savings accounts and one-year CD rates pay around 4%, according to Bankrate.
“Yields on high-yield savings accounts and certificates of deposit are down from their peaks of a few years ago, but they’re still strong compared to what we’ve seen for most of the past decade,” Schulz said.
Personal Finance
Average tax refund is 11.2% higher, latest IRS filing data shows
Published
2 weeks agoon
April 18, 2026
Milan Markovic | E+ | Getty Images
The average tax refund is 11.2% higher this season, compared with about the same period in 2025, according to the latest IRS filing data.
As of April 10, the average refund amount for individual filers was $3,397, up from $3,055 about one year ago, the IRS reported on Friday.
The IRS data reflects about 114 million individual returns received, out of about 164 million expected through Tax Day. Next week’s filing update is expected to include data through the April 15 deadline.
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President Donald Trump‘s 2025 legislation, rebranded to the “working families tax cuts,” was a key talking point for Republicans on Tax Day.
With the November midterm elections approaching and Republicans defending slim majorities in Congress, many GOP lawmakers have highlighted Trump’s tax breaks and higher average refunds.
Meanwhile, affordability has been top of mind for many Americans amid rising costs of gas, electricity, food and other living expenses.
For filers who expected a refund this season, nearly one-quarter, or 23%, planned to use the funds to pay down credit card debt, and the same share said they would save the payment, according to the CNBC and SurveyMonkey Quarterly Money Survey, released in April. It polled 3,494 U.S. adults at the end of March.
Who benefited from Trump’s ‘big beautiful bill’
“It’s been a great tax season for the American people,” many of whom have benefited from Trump’s tax breaks, Treasury Secretary Scott Bessent said during a White House press briefing on Wednesday.
More than 53 million filers claimed at least one of Trump’s “signature new tax cuts” — the deductions for tip income, overtime earnings, seniors and auto loan interest — the Department of the Treasury also announced on Wednesday.
Those filers, who claimed the deductions on Schedule 1-A, have seen an average tax cut of over $800, according to the Treasury. Tax cuts can trigger a higher refund or reduce taxes owed, depending on the filer’s situation.

Some filers who itemize tax breaks have also seen benefits from the bigger federal deduction limit for state and local taxes, known as SALT. Trump’s legislation raised that cap to $40,000, up from $10,000, for 2025.
The latest SALT deduction limit change is expected to primarily benefit higher earners, according to a May 2025 analysis of various proposals from the Tax Foundation.
The Treasury has not released data on how many filers have claimed the SALT deduction during the 2026 filing season.
Personal Finance
Stocks have touched record highs despite Iran war. Here’s why
Published
2 weeks agoon
April 17, 2026
Traders work at the New York Stock Exchange on April 16, 2026.
NYSE
U.S. stocks climbed to record highs on Thursday against a backdrop of war, an oil supply shock and economic forecasts warning of stunted growth amid a protracted conflict.
Many investors may be thinking: Why?
Largely, it’s because the stock market is a barometer of what investors think will happen in the future, rather than an assessment of the present day, according to economists and market analysts.
Investors are essentially shrugging off the Middle East conflict as a blip that will be resolved relatively quickly, they said.
“The stock market isn’t trying to price what’s happening today,” said Joe Seydl, a senior markets economist at J.P. Morgan Private Bank. “The stock market is always trying to price what the world is going to look like six to 12 months from now.”
Why stocks have been ‘resilient’
The S&P 500, a U.S. stock index, fell about 8% in the initial weeks of the Iran war, from the start of the conflict on Feb. 28 to a recent low on March 30.
But stocks have rebounded since then, erasing all losses since the beginning of the war. The S&P 500 closed at an all-time high on Thursday — about 11% higher than its nadir at the end of March. That followed a record close on Wednesday.
“The market has remained very resilient in the face of the war and has rallied strongly on the prospect that it will be resolved,” said Mark Zandi, chief economist at Moody’s.

A ship waits to pass through the Strait of Hormuz following the two-week temporary ceasefire between the US and Iran, which is conditional on the opening of the strait, in Oman on April 8, 2026.
Shady Alassar | Anadolu | Getty Images
And while investors cheered the possibility of a diplomatic off-ramp to the conflict, the temporary ceasefire has appeared tenuous, with the U.S. and Iran each accusing the other of breaking the agreement.
Nations haven’t been able to reach a peace deal ahead of the ceasefire’s end. Vice President JD Vance said U.S. officials left peace talks in Pakistan over the weekend after the Iranian delegation refused to agree to American demands not to develop a nuclear weapon.
The markets ‘have memory’
Ultimately, the stock market is signaling a collective belief that tensions will ratchet down, the war will end in the near term and oil flows through the Strait of Hormuz will normalize, economists said.
That’s largely because investors have been conditioned to believe that President Donald Trump will back off if the economic pain becomes too intense, economists said — the so-called “TACO” trade, shorthand for “Trump always chickens out.”
“Investors strongly believe — and have been conditioned to believe — he’s going to stand down, find a way to pivot, declare victory and move on,” Zandi said.
Trump has pushed back on the notion of backing down, framing his brinkmanship as a savvy negotiating tactic.
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Economists pointed to a recent example of this dynamic: in April 2025 during so-called liberation day, when the Trump administration levied a host of tariffs on U.S. trading partners.
Within days — after the stock market had cratered more than 12% — Trump announced a 90-day pause on those tariffs. Stocks then saw one of their biggest daily rallies in history following Trump’s reversal.
Investors remember that Trump often de-escalates geopolitical shocks — which is why they’ve seized on positive headlines that hint at progress in peace talks, for example, Seydl said.
“The markets have memory,” Seydl said.
AI stocks and the ‘tech boom’
Traders celebrating at the New York Stock Exchange on April 15, 2026, as the S&P 500 closed above the 7,000 level for the first time.
NYSE
There are other factors underpinning market resilience during wartime, economists said.
One is the investors’ enthusiasm for artificial intelligence and technology stocks, which account for almost half of the S&P 500’s market capitalization, Zandi said.
“Those stocks run on their own dynamic independent of anything, including the war in Iran,” Zandi said. “I think we would have been down a lot more and it would have been harder for us to recover had it not been for the very, very optimistic perspectives on AI.”
We’re in the middle of a “tech boom” — and investors are likely to remain optimistic until they think the tech cycle has run its course, Seydl said.

More broadly, stock investors are essentially making a bet on the future earnings growth of a company — and the earnings backdrop has been “pretty solid,” Seydl said.
Consumer spending appears to be stable, for example, economists said. And companies are getting a boost to their after-tax earnings from the GOP’s so-called “big beautiful bill,” which, among other things, made it easier to write off investments upfront and therefore reduce their tax liability, Zandi said.
Going forward
Experts said there will be an economic hit from the Iran war, though.
“Despite the recent news of a temporary ceasefire, some damage is already done, and the downside risks remain elevated,” Pierre-Olivier Gourinchas, director of research at the International Monetary Fund, wrote Tuesday.
A protracted conflict risks deep and global economic pain, he wrote.
Even if the conflict is short-lived — as the broad market expects — stocks are unlikely to march much higher until it’s clear the U.S. is on the other side of the war and its economic fallout, Zandi said.
If investors are incorrect, and President Trump doesn’t back down or quickly extricate the U.S. from the war, the stock market may see a “full-blown correction” or worse, Zandi said. A stock market correction is a decline of at least 10% from recent highs.
“Everyone thinks they know what the script is,” Zandi said. “Now they just need to follow the script. If they don’t, the market will have some real problems.”
The uncertainty provides yet another example of why the average investor with a long time horizon should stick to their investment plan and ignore the noise, experts said.
“Trying to time the market is very difficult if not impossible for the average investor,” Seydl said. “It’s better to take a long-term perspective and ride out bouts of volatility.”
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