John Newton

The farm economy faces more uncertainty in 2019, according to American Farm Bureau Federation chief economist John Newton.   "We’re in a situation where on the grain side we’ve had excellent weather for six or seven straight years now," Newton said.  "We’ve had som...

The AFBF’s 33rd annual survey of Thanksgiving Day dinner shows prices decreased year over year.  The American Farm Bureau says it will cost $4.89 per person for a tradition Thanksgiving dinner, a 22 cents drop from last year, and the third straight year of price declines.  AFBF Chi...

The annual informal survey finds that the prices of common food items for the Easter holiday are slightly higher than last year.   “Our 93 volunteer shoppers from across the United States found the average price for a spring market basket for 16 items came in at $51.05," said ...

A recent USDA report said American farms have grown larger over the past three decades, but it’s still family farmers who are running them.  John Newton, with the American Farm Bureau Federation, said family farms have taken advantage of opportunities to improve their operations.   “...

The USDA has forecast net farm income to drop to its lowest level in 12 years in 2018, down to $59.5 billion, down more than 50% since a record high in 2013.  American Farm Bureau Federation market intelligence director John Newton said the projection highlights the tough financial times before farmers and ranchers.  ...

The price for this year’s Thanksgiving dinner is at the lowest level in five years.  According to the American Farm Bureau 32nd annual Thanksgiving Dinner Prices Survey, the average cost for 10 adults to enjoy a classic Thanksgiving Dinner decreased roughly 2% from last year, coming in at $49.12, or jus...

The American Farm Bureau Federation released it’s summer cookout survey this week.  It shows your favorite foods for the Fourth of July will cost slightly less this year.  AFBF market intelligence director John Newton said the survey of staple summer cookout items for 10 people will cost less than $6 per person.   “The s...