farm income

While it may not have been a “normal year”, 2021 was good for farmers, according to American Farm Bureau Federation Chief Economist Roger Cryan. And Cryan said 2022 is continuing with the “not normal” theme, as issues from the past two years pour into the New Year. “The pandemic is no ...

In a few days, when producers close the books on the 2021 year, most of those farmers and ranchers will consider it a, "pretty good farm income year," according to USDA Chief Economist Seth Meyer. Meyer noted 2021 looks to wrap up as one of the best years in the past eight ...

USDA’s Economic Research Service updated farm sector profit projections Wednesday, which are expected to increase in 2021. ERS forecasts inflation-adjusted net cash farm income, which is gross cash income minus cash expenses, to increase $12.6 bil ...

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 ...

Despite the problems farmers and ranchers have had because of the pandemic, Glen Smith, chairman of the Farm Credit Administration, said the overall farm economy is in "remarkably" good shape. Smith recently added if you want to know the financial condition of the farmers, ask their lenders ...

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 ...

In its first farm income forecast for 2021, USDA is projecting a drop from last year. But as Gary Crawford points out there is a bit of a silver lining. If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia... Read More ...

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 ...

With the end of 2020, farmers net income is expected to be up almost $120 billion dollars. A year over year increase of $36 billion. But, the news isn't all good. "I think it's clear that 2021 is going to see a much lower farm income than 2020," said USDA Chief Economist, Robb Johannson ...

The past year was full of uncertainty in the agricultural markets. Challenges like a lingering trade war, weather issues, and COVID-19 combined to bring a big change to all parts of the Agricultural supply chain. Will that trend continue into 2021 ...