dollar

Farms Received Nearly a Quarter of Each Food-at-home Dollar in 2022

Dan Economy, USDA-ERS

In 2022, farm establishments received 24.1 cents for each dollar spent on food at home and 3.6 cents for each dollar spent on food away from home. These amounts, called farm shares, highlight the different paths that food takes from farms to consumers’ points of purchase, according to USDA’s Economic Research Service. Food-at-home dollars include food purchases from outlets such …

crop

Crop Insurance Deadline Nears

Dan Crop Insurance, Economy

Farmers not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for the 2024 crop year have until March 15, 2024?to revise elections and sign contracts. Both safety net programs, delivered by USDA’s Farm Service Agency, support farmers who?experience substantial declines?in crop prices or revenues for the 2024 crop year.? Producers can elect coverage and …

modest

Modest Improvement in Farmer Sentiment, Financial Concerns Loom

Dan Economy

The Purdue University-CME Group Ag Economy Barometer rose modestly in February posting a reading of 111, five points higher than a month earlier. The modest rise in the barometer was attributable to producers expressing somewhat more optimism about the future as the Future Expectations Index rose seven points to a reading of 115. The Current Conditions Index was unchanged at …

expiring

USDA: Expiring Estate Tax Provisions Would Increase Taxes for Farm Estates

Dan Economy, Legislative, Regulation, This Land of Ours, USDA-ERS

An expiring estate tax could be very costly for farm estates. That’s coming up on This Land of Ours. The 2017 Tax Cuts and Jobs Act significantly changed federal individual income and estate tax policies, though some were temporary. In 2018, the legislation increased the estate tax exemption amount from $5.49 million to $11.18 million. This increase expires at the …