farm income

Farm Debt Could Return This Year
Farm Debt Could Return This Year
The USDA is forecasting that farm commodity prices will drop in the year ahead and production input costs will stay or even move higher.  For producers, the question is: when/if input prices follow those output prices lower.   “We are forecasting that fertilizer and feed expenses will decline in 2023, yet they will remain high," noted USDA economist Carrie Litkowski. She added expenses for m.
Meyer: 2023 Wont Be That Bad Of A Year For Farm Country
Meyer: 2023 Wont Be That Bad Of A Year For Farm Country
The USDA’s new farm income forecast for 2023 says the farm sector as a whole will see net cash income down from last year's record high by almost 21% but many analysts are quick to point out.   “Almost any year in connection to 2022 is going to look less favorable," USDA chief economist Seth Meyer said farm country can’t look at new forecast as a farm income disaster.   “Yes, it is declin...
Meyer Uncertain About 2023
Meyer Uncertain About 2023
Look at the USDA’s numbers, and you’ll see that 2022 was far and away a record net farm income year.  But the question on the minds of many in farm county is: will 2023 be a better year?   USDA Chief Economist Seth Meyer says the odds are against that happening for a couple of reasons.  First, as he put it, 202...
Farmer Sentiment Rebounds at Year End on Stronger 2022 Income
Farmer Sentiment Rebounds at Year End on Stronger 2022 Income
Producer sentiment improved sharply in December.  The Purdue University-CME Group Ag Economy Barometer Index reading jumped 24 points month-over-month to a reading of 126.  Although U.S. farmers were more positive regarding both the current situation and the future, the biggest improvement was in their assessment of current conditions.  The Current Condi...

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