Veronica Nigh

AFBF Looks At What’s Driving Farm Income Higher
AFBF Looks At What’s Driving Farm Income Higher
AFBF Looks At What’s Driving Farm Income Higher
Earlier this week, we told you USDA projects 2022 calendar year net farm income up nearly $20 billion, or 13.8% from 2021.  What’s driving that increase?   “Predominantly, this is a price play with 97% of that increase in cash receipts attributable to increases in price," said American Farm Bureau Federation Senior Economist Veronica Nigh.  "Now, it's not just all ...
AFBF: Ag Export Picture Mixed
AFBF: Ag Export Picture Mixed
AFBF: Ag Export Picture Mixed
Earlier this month, the U.S. Census Bureau released first quarter 2022 trade data. Veronica Nigh, American Farm Bureau Federation Senior Economist, says U.S. ag exports are up nearly 13%. When inflation is taken into account, value is up 4% year over year, while volume is actually off by 4% from 2021’s numbers. Nig ...
AFBF: Russia Invasion Of Ukraine Will Be Felt In Grain Markets For Some Time
AFBF: Russia Invasion Of Ukraine Will Be Felt In Grain Markets For Some Time
AFBF: Russia Invasion Of Ukraine Will Be Felt In Grain Markets For Some Time
Inflation shocks from Russia’s invasion of Ukraine are already being felt in the grain and energy sectors and could soon affect U.S. growers and consumers. Oil and gas prices are on the march, grain prices are rising to multi-year highs with Black Sea shipping blocked and war likely to prevent plantings in Ukraine or embargo Russian crops. U.S ...
Nigh: 2021 A Good Year For Exports But Potential Remains
Nigh: 2021 A Good Year For Exports But Potential Remains
Nigh: 2021 A Good Year For Exports But Potential Remains
According to the USDA, 2021 farm and food exports totaled $177 billion, an 18% year-over-year increase, and nearly 15% higher than the previous record set in 2014. “Of course, increased commodity prices and rising global inflation contributed to that," said American Farm Bureau Federation Senior Economist Veronica Nigh. "Ab ...
AFBF: Farmers Trying To Overcome Issues Out Of Their Control
AFBF: Farmers Trying To Overcome Issues Out Of Their Control
AFBF: Farmers Trying To Overcome Issues Out Of Their Control
Fuel and food inflation continue to challenge consumers and producers, and farm interests say some of that is within the government's control, while some aren't. Inflation is the highest in more than 30 years, and Federal Reserve Chairman Jerome Powell says the problem's no longer "transitory" and could worsen with the new COVID variant—Omicron. A ...
AFBF Opposes Build Back Better
AFBF Opposes Build Back Better
AFBF Opposes Build Back Better
Despite new funding for forestry, conservation and Ag research, the American Farm Bureau Federation says President Biden’s “Build Back Better” Act is bad for rural America. Much of the concern is over tax hikes and inflation. AFBF President ...
AFBF: 4th Of July Cook Out Costs Down Slightly
AFBF: 4th Of July Cook Out Costs Down Slightly
AFBF: 4th Of July Cook Out Costs Down Slightly
Americans planning on celebrating the 4th of July holiday with a cookout will enjoy lower prices this year, compared to last. Veronica Nigh with the American Farm Bureau Federation said the average cost of a summer cookout for 10 people remains fairly affordable at $59 ...

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