ERS

Department of Ag Proposal Concern Democrats And Republicans
Department of Ag Proposal Concern Democrats And Republicans
Department of Ag Proposal Concern Democrats And Republicans
USDA layoffs and office consolidations are raising bipartisan concern in Congress.  Staffing levels could be pared by nearly 10% starting by early May, with the remaining staff relocated to three hubs around the country.  That’s according to briefed USDA officials, who are cited in a report by Government Executive, a government business news daily.   The layoffs and ...
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...
USDA: Production Expenses Expected Lower In 2024
USDA: Production Expenses Expected Lower In 2024
USDA: Production Expenses Expected Lower In 2024
In a typical year, American farmers can expect to pay more than the year before for production expenses.  But the USDA's new farm income forecast is a bit of a surprise.  A forecast for lower production expenses.   ERS’ Spiro Stefano said prices that farmers are getting for many of their crops continue to fall.  The USDA is projecting a 12%...
2024 Farm Income Forecast Down Year-Over-Year
2024 Farm Income Forecast Down Year-Over-Year
2024 Farm Income Forecast Down Year-Over-Year
USDA's New farm income forecast for this year has U.S. farmers making a lot less money than last year.   “Net cash farm income for 2024 is forecast at $154 billion, which is about a 7.2% drop from 2023," said Spiro Stefano  who runs USDA's Economic Research Service.  He noted that crop...
Food-at-Home Price to Increase Almost 9%
Food-at-Home Price to Increase Almost 9%
Food-at-Home Price to Increase Almost 9%
Economic Research Service publishes its price forecasts in the monthly Food Price Outlook report.  The FPO forecasts food-at-home prices will increase by 8.6% in 2023, with a prediction interval of 5.6%-11%.  Forecasts now include a midpoint and a prediction interval to represent the expected price change and range of likely prices. The pred...

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