Net Farm Income Expected To Fall Nearly 1% In 2026
USDA's latest numbers show farmers might see more cash in hand, yet overall income tells a different story. USDA economist Carrie Litkowski breaks it down.
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Improving Ag Education Across Washington
Educating those not familiar with farming can be a challenge. Making that more difficult are urban populations that rarely leave the bright lights of the big city.
Producers Were Paid More In May
The USDA’s latest Agricultural Prices Report shows growers, overall, are receiving more for their commodities from a price perspective.
2022 Will Set Farm Income Record
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.
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USDA Says Farm Profits To Reach Near-Record High in 2022
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...
Meyer: Farm Economy Didn’t Suffer During COVID As Feared
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
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USDA Releases Vegetable and Pulses Outlook
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
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CHS Reports $69.7 Million in First Quarter Fiscal 2021 Net Income
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
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Ag Lender Survey Reveals Bankers Top Concerns
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
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Row Crop Producers Push Prices Received Up In August
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.
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