net farm income

While challenging for individual commodities from time to time, 2020 continued a trend of solid farm economic growth in Idaho. Ben Eborn, Extension Ag Economist with the University of Idaho says farm GDP has grown at twice the rate of the state’s GDP. He ...

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 ...

Net farm income, a broad measure of profits, is forecast to increase $36 billion to $119.6 billion in 2020. According to the Economic Research Service, in inflation-adjusted 2020 dollars, net farm income is forecast to increase by $35 billion, the fourth-straight year the income numbers have gone up ...

Photo: Idaho Farm Bureau Earlier this month, the USDA released 2019 farm income numbers, which showed Idaho tops in a variety of categories. Sean Ellis with the Idaho Farm Bureau Federation pointed out the Gem State is tops out of the 11 western states when it came to per capita Farm Cash Receipts in 2019 ...

Despite lower commodity prices and the ongoing pandemic, farmers may end up with higher incomes this year. "Net farm income now is forecast at $102.7 billion dollars, up almost 23% from last year," said USDA Chief Economist, Rob Johannson ...

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...

The USDA released its August farm income forecast Friday.  And economists expect net farm income to come in at $88 billion, up 4.8% year over year.  USDA deputy chief Economist, Warren Preston says net cash farm income is also forecast to increase.   ...

The chief economist for the American Farm Bureau Federation says the worst threat to farmers currently is a general economic recession.  It’s because so many farmers have now become dependent on off-farm income to make ends meet and stay in operation.  Farm Bureau’s...

USDA expects farm income and farm asset values to fall this year, which could lead to additional farm debt.  Even though foreign cash receipts and government payments to farmers have been generally higher compared to last year, USDA Chief Economist Rob Johansson says that's not enough to offset rising expenses.  Be...

The USDA released its 2018 Farm Income Forecast Monday, and net cash income and net farm income are both expected to drop from 2017 figures.  USDA Chief Economist Rob Johannson said that decrease will be slightly less than what the USDA had projected back in August. ...