farm income

Earlier this week, we told you USDA projects 2022 calendar year net farm income up nearly $20 billion, or 13.8% from 2021.  What’s driving that increase?   “Predominantly, this is a price play with 97% of that increase in cash receipts attributable to increases in price," said American Farm Bureau Federation Senior Economist Veronica Nigh.  "Now, it's not just all ...

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.   “...

In response to relatively stronger net farm incomes, U.S. farm sector capital expenditures have increased dramatically in the last three years, according to research by the University of Illinois.  In 2019, farm sector capital expenditures were approximately $30.1 billion...

Net farm income for U.S. farmers is forecast at $160.5 billion in 2022, a $19.5 billion increase over 2021.  The December Farm Sector Income and Finances report shows net cash farm income forecast at $187.9 billion in 2022, $29 billion higher than in 2021.  Cash re...

Farm loan interest rates increased sharply during the third quarter.  The Federal Reserve Bank of Kansas City said despite the high borrowing costs, farm real estate values continued higher.  However, the rate of increase slowed in the quarter.   Follo...

Farmer sentiment weakened again in October as the Purdue University-CME Group Ag Economy Barometer fell to a reading of 102, down ten points compared to a month earlier.  Both of the barometer’s sub-indices, the Index of Current Conditions and the Index of Future Expectations, declined this month.  The Current C...

In early September, the USDA released its 2022 Farm Sector Income Forecast, which showed a mixed bag for the farm economy.  ERS predicts producer cash receipts will increase 21% to more than $525 billion nationally.  Crop values are expected to increase 9% year-over-year, while cash receipts from animal production will be up 28% from 2021 numbers.   Despite el...

Staggering farm input costs are driving Ag profits into the ground.  South Dakota Senator John Thune said it’s a tale of two economies: one, the economy of scale, and two, the cost of farming.   “This year will be the record year in terms of gross farm receipts.  In other words, top-line...

Last week, ERS released its September 2022 Farm Income Forecast.  American Farm Bureau Federation Economist Bernt Nelson said USDA revised farm income to be higher with net farm income up by $7.3 billion, a 5.2% year-over-year increase.  While e...

The latest government inflation figures show the general inflation rate running about 8.5% higher than a year ago, but for farmers buying what they need to produce a crop, "the lowest year-over-year inflation farmers are seeing is twice that on seed, with most commodity categories many times higher," said Dr ...