farm income

Farm income and loan repayment rates recovered from sharp declines in the second quarter, and demand for credit softened according to Federal Reserve Ag Credit Surveys. Although farm income generally remained low, loan repayment rates stabilized, and farmland real estate markets remained strong ...

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 ... Read Mo

In a 5-4 ruling Thursday, the Washington Supreme Court said farmworkers should receive overtime pay. The decision eliminates an exemption from the state’s minimum wage law the farm community has used for decades. According to the Capital Press, one of the majority opinion judges said he would look favorably on applying the decision retroactively, allowing farmworkers to sue for back pay. Col ...

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. ...

The USDA announced this week that farmers will earn more net farm income in 2020 due to federal relief programs. Net cash farm income is forecast to increase $4.9 billion to $115.2 billion. In inflation-adjusted 2020 dollars, net farm income is forecast to increase $18 ...

According to the latest numbers out from the University of Missouri, net farm income cloud drop $3 billion. The University’s Food and Agricultural Policy Research Institute released the June update Tuesday. The forecasted decline in net farm income comes as farmers will receive a record total of government payments at $33 billion and total farm support reaching $50 billion in the current fisca

The USDA has forecasted a 9% decline in overall net cash farm income this year.  So, what does that mean for the farm household median income?   “We are expecting in 2020 overall for median farm household income to decline,” said USDA Senior Analyst, Ashley Hungerford.  She added they expe...

Earlier this week, USDA analysts released their first farm income forecast for 2020, and for net cash income.   “We're actually looking at about a 9% decrease down to $109.6 billion,” said senior USDA economist, Ashley Hungerford.   She added th...

According to the USDA’s latest figures, farm income will reach $96.7 billion in 2020, a 1.4% year over year increase.  That figure is a bit higher than the average annual income since 2000, but well below the peak of $139 billion in 2013.   B...

Why are some farmers doing fairly well in this farm economy, while other operations struggle, with some even slipping into bankruptcy?  Dale Nordquist, associate director at the University of Minnesota’s Center for Farm Financial Management, said contrary to what you might think, age has nothing to do with the success rate.   “...