Ag Economy

Farm Sector Profits to Grow in 2025
Farm Sector Profits to Grow in 2025
Farm Sector Profits to Grow in 2025
ERS is forecasting inflation-adjusted U.S. net cash farm income, better known as gross cash income minus cash expenses, to increase by $30.6 billion from 2024 to $193.7 billion in 2025.  U.S. net farm income, a broader measure of farm sector profitability, is forecast to increase by $37.7 billion...
U.S. Farmers Staying Optimistic for 2025
U.S. Farmers Staying Optimistic for 2025
U.S. Farmers Staying Optimistic for 2025
U.S. farmers retained their post-election optimistic outlook to kick off 2025.  The January Purdue University/CME Group Ag Economy Barometer Index rose five points above December to 141  The barometer’s rise was primarily attributed to a nine-point rise in the Current Conditions Index.  The increase in th...
Rollins: I Will Work To Represent Ag In Tariff Talks
Rollins: I Will Work To Represent Ag In Tariff Talks
Rollins: I Will Work To Represent Ag In Tariff Talks
President Trump’s pick to head USDA, Brooke Rollins, was challenged at her Senate confirmation hearing last week on the impact President Trump’s threatened tariffs could have on the Ag community.  Michigan Democrat Elissa Slotkin told nominee Brooke Rollins that she’s likely to be confirmed as USDA Secretary and would swear an oath to the Constitution, not President Trump, and therefore would need
Larew: Consolidation Is An Issue That Must Be Addressed
Larew: Consolidation Is An Issue That Must Be Addressed
Larew: Consolidation Is An Issue That Must Be Addressed
For the National Farmers Union, there’s a long list of issues that Congress must address to help the American producers now and into the future.  Top issues include a Farm Bill, trade, but also consolidation.  Rod Larew, president of the National Farmers Union says consolidation is impacting every corner of the farming community, and it’s not just small farms, but medium, and even large operations
Rollins Goes Before The Senate
Rollins Goes Before The Senate
Rollins Goes Before The Senate
“I fully recognize that if I am confirmed, I am stepping into the role during one of the most economically challenging times in American agriculture history,” said Agriculture secretary nominee Brooke Rollins, testifying at her confirmation hearing before the Senate Ag Committee Thursday.  The Texas native of...
Thinking Long-term When Making Farm Plans
Thinking Long-term When Making Farm Plans
Thinking Long-term When Making Farm Plans
What’s ahead in farming and ranching for 2025?  George Baird of the American Society of Farm Managers and Rural Appraisers starts by looking back at what happened in 2024.   “You know, when we look at ’24 and think back to what the market gave us over the last three or four years, good prices, some pretty good yields, an opportunity for operators to increase their equipment lines, you know, and fo

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