Spiro Stefanou

In a typical year, American farmers can expect to pay more than the year before for production expenses.  But the USDA's new farm income forecast is a bit of a surprise.  A forecast for lower production expenses.   ERS’ Spiro Stefano said prices that farmers are getting for many of their crops continue to fall.  The USDA is projecting a 12%...

USDA's New farm income forecast for this year has U.S. farmers making a lot less money than last year.   “Net cash farm income for 2024 is forecast at $154 billion, which is about a 7.2% drop from 2023," said Spiro Stefano  who runs USDA's Economic Research Service.  He noted that crop...

After earning record high incomes last year, even while dealing with an 11% hike in production expenses, the nation's farmers this year could see another increase in those expenses.  ERS head Spiro Stefanou said they expect a more modest increase of as much as 4% this year.  He adde...

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 addition to American farmers earning a record high net income this year, experts say the financial health of the farm sector is better this year both from a farm debt and farm equity measure.  USDA chief economist Seth Meyer said by the time 2022 has come to a close, "Equity and assets are expected to rise she got at 4.1 and a 3.5% i...

USDA is projecting net farm income to fall below last year's figures, by almost $5.5-billion, or a drop of 4.5%. Will this pull down the median incomes of farm households? ERS Administrator Spiro Stefanou says no. "The median total farm household income is forecast to be $88,234 in 2022 ...

In it's first foray into forecasting farm income for 2022, USDA projecting net farm income at $113.7-billion, a drop of about 4.5% from 2021, even though cash sales receipts for farmers will be up 6.8%.  Spiro Stefanou, ERS Administrator said as far as the forecast drop in farm profits. ...