ag income

In a few weeks when American producers close the books on 2022 they will have taken the overall farm sector income to record high levels.  ERS recently released its new farm income forecast for 2022 and it shows net cash farm income will be just under $188 billion.   “...

ERS forecasts inflation-adjusted U.S. net cash farm income to increase by $13.5 billion year-over-year or 8.7%.  Net cash farm income is gross cash income minus cash expenses and will reach $168.5 billion in 2022, the highest level since 2012.  In comp...

When the coronavirus pandemic started to pick up in intensity last year, many experts predicted a disastrous cut in trade in U.S. Ag products. However, according to USDA Chief Economist Seth Meyer, that didn't happen. "Hasn't been that way ...

The Department of Agriculture is out with its April 2021 Vegetable and Pulses Outlook. Despite a continuing pandemic and weather-related events, USDA says the U.S. vegetable industry was able to overcome a myriad of obstacles and continue to supply consumers with an almost uninterrupted flow of vegetables and pulse crops ...

CHS, the nation's leading agribusiness cooperative, Thursday reported net income of $69.7 million for the first quarter of fiscal year 2021 that ended November 30. This compares to net income of $177.9 million in the first quarter of fiscal year 2020 ...

The Fall 2020 Agricultural Lender Survey report shows that ag lenders continue to remain focused on credit quality, even as the farm economy continues to work through the prolonged downturn caused by COVID-19. The survey from the American Bankers Association and Farmer Mac said when it comes to their customers, lenders continue to be most concerned about liquidity, income, and leverage ... Read Mo

According to the USDA’s latest Agricultural Prices Report, farmers nationwide received more for their commodities in August. As Rod Bain points out the 1% month-over-month increase came primarily from a rise in the crop production price index. ...

According to the latest numbers out from the University of Missouri, net farm income cloud drop $3 billion. The University’s Food and Agricultural Policy Research Institute released the June update Tuesday. The forecasted decline in net farm income comes as farmers will receive a record total of government payments at $33 billion and total farm support reaching $50 billion in the current fisca

The USDA has forecasted a 9% decline in overall net cash farm income this year.  So, what does that mean for the farm household median income?   “We are expecting in 2020 overall for median farm household income to decline,” said USDA Senior Analyst, Ashley Hungerford.  She added they expe...

How has Washington agriculture changed over the past couple of years?   Chris Mertz with NASS said if you look at the 2017 Census of Ag, which was published earlier this year, one of the biggest notes for the Evergreen state was the drop in both the total numbers of farms and the number of acres.  ...