farm income

USDA Predicts 12 Percent Drop in Farm Income

Dan Economy, Industry News Release

Net farm income, a broad measure of profits, is forecast to decrease $9.1 billion, or 12.1 percent from 2017 to $66.3 billion in 2018, after increasing $13.8 billion in 2017. The Department of Agriculture’s Economic Research Service recently announced the forecast. USDA says, meanwhile, net cash farm income is forecast to decrease $8.5 billion, 8.4 percent, to $93.4 billion. Net …

survey

Survey Shows Farmers Concerned with Lack of Farm Bill

Dan Economy, Industry News Release

Farmers are expressing concern over the lack of a new farm bill in the latest Purdue University/CME Group Ag Economy Barometer. The monthly survey in November asked producers how concerned they were regarding the farm bill. 75 percent of respondents said they were either somewhat or very concerned about the lack of a new farm bill with 33 percent of …

rising

Rising Output Compressing Ag Margins

Dan Economy, Industry News Release

Strong growth in both the U.S. and global economies will support increased demand in domestic and export markets through the end of the year. However, U.S. competitiveness is currently constrained by trade uncertainties and the high value of the U.S. dollar, further placing pressure on the agricultural economy as output in most industries rises. The latest Quarterly Rural Economic Review …

record levels

Farm Real Estate Levels Remain Near Record Highs

Dan Economy, Industry News Release

Farm real estate values remain near record levels set in 2015, despite a significant drop in farm income and a weak farm economy. The Department of Agriculture’s Economic Research Service says the value of U.S. farm real estate is a critical barometer of farm financial performance, that’s because farm real estate, including land and the structures on the land, generally …

report

Report Shows Florida Agriculture, Natural Resources and Food Industries Grew 2007-2016

Dan Economy, Florida, Industry News Release

The latest installment of an annual report from the University of Florida Institute of Food and Agricultural Sciences reveals some good news about the state’s economy – from 2007 to 2016, the portion of Florida’s Gross State Product (GSP) generated by agriculture, natural resources and food industries grew at a faster rate than the state’s total GSP, a statistic commonly …

soybean prices

Soybean Prices Improve 15 Percent if Tariffs Resolved

Dan Industry News Release, Soybeans

If the U.S. can get its trade disputes resolved, one economist says soybean prices could jump as much as 15 percent higher. Farm Journal’s Ag Web Dot Com quotes Jackson Takach of Farmer Mac as saying there’s no underestimating the importance of trade to agriculture. “One of every $4 or $5 in farm income is from foreign sources,” he says. …

farmland

2019 Farmland Rental Rates Expected Steady with 2018

Dan Economy, Industry News Release

Farmland rental rates are not expected to change much in 2019. A new forecast by Farmers National Company predicts cash rental rates for 2019 to stay the same as 2018, for the most part. The company notes that despite current low grain prices, many farmers had the opportunity to forward price corn and soybeans at similar or better prices than …

peanut farmers

August Rural Mainstreet Index Rises, Ag Worries Remain

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index climbed above growth neutral in August for a seventh straight month. The monthly survey of bank CEO’s in ten Midwestern states climbed to 54.8 from 53.8 in July. The index ranges between 0 and 100 with 50.0 representing growth neutral. Organizer Ernie Goss says recent surveys show the Rural Mainstreet economy is expanding outside …