Fountain Report Excerpts Feb 6, 2024

Fountain Report Excerpts
  1. The American Association of Veterinary Medical Colleges announced it has recently welcomed 12 new institutions for membership. The Universidad de Ana G. Mendez in Puerto Rico has received a letter of reasonable assurance from the Council on Education and was welcomed as a member institution of the AAVMC. Provisional membership is available for a school of veterinary medicine seeking accreditation by the Council on Education. Schools approved for provisional membership include Arkansas State University; Chamberlain University; Clemson University; Hanover College; Lincoln Memorial University Orange Park; Lyon College; Rocky Vista University; Universitat Autonoma de Barcelona, Spain; University of Nicosia, Cyprus; and Utah State University. Additionally, Shaheed Benazir Bhutto University in Karachi, Pakistan, has been accepted as a collaborative member.
  1. Tractor Supply Company reported fourth quarter net sales of $3.66 billion, down 8.6%. Net income decreased 8.5% to $247.9 million, and diluted earnings per share decreased 6.2% to $2.28. For the year, net sales increased 2.5% to $14.56 billion. Net income increased 1.7% to $1.11 billion. During its 2023 fiscal year, the company opened 70 new Tractor Supply stores and 13 new Petsense by Tractor Supply stores and closed one Tractor Supply and one Petsense store. It also rebranded 81 Orscheln Farm and Home stores to Tractor Supply after acquiring them in 2022.
  1. Dr. Rena Carlson, president of the AVMA, and U.S. Representatives Adrian Smith and John Larson make the case in The Hill for legislators to pass the Rural Veterinary Workforce Act. If passed, the bill would end federal taxation on the Veterinary Medicine Loan Repayment Program, which repays up to $75,000 in educational debt to veterinarians practicing in USDA-designated veterinary shortage areas. While similar programs for physicians and other human health care providers aren’t subject to federal taxes, this one is. The USDA has to pay 39% to the U.S. Treasury in addition to each loan repayment, which critics say reduces the number of shortage counties that can be addressed.

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