food dollar

Farmer’s Share of the Food Dollar Falls to All-Time Low

Dan Economy, Industry News Release

The farmer’s share of the food dollar has reached an all-time low. For every dollar American consumers spend on food, U.S. farmers and ranchers earn just 14.6 cents, according to a report recently released by the U.S. Department of Agriculture’s Economic Research Service. This value marks a 17 percent decline since 2011 and the smallest portion of the American food …

farm income

Farm Income Down 20-Straight Quarters

Dan Economy, Industry News Release

The Midwest and the Mid-South parts of the country saw farm income decline in the fourth quarter of 2018. In spite of the pressure on farm incomes, the value of quality farmland, ranchland, and pastureland rose. Those observations come from the latest Agricultural Finance Monitor, which is published by the Federal Reserve Bank of St. Louis. The 22 agricultural banks …

farm debt

USDA to Release Complete Set of Tables for Agricultural Projections to 2028

Dan Economy, Industry News Release

On Feb. 14, 2019 at 12 p.m. EST, the U.S. Department of Agriculture (USDA) will release the complete set of tables prepared for the upcoming USDA Agricultural Projections to 2028 report. The new tables will include projections for farm income, U.S. fruits, nuts, and vegetables supply and use, and global commodity trade. Tables containing long-term supply, use, and price projections …

declined

Agri View: Farm Income Declined…Again

Dan Agri View, Economy

Everett Griner talks about this, the 4th consecutive year, farm income has declined in today’s Agri View. Farm Income Declined…Again The average farm income is expected to decline again this year. According to USDA, this is the fourth consecutive decline. One source put the loss at 16 thousand dollars per family. It doesn’t matter if it is soybeans or cattle. …

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 …

florida

Commodity Prices Have Landowners Searching for Additional Income

Dan Economy, Industry News Release

Low commodity prices have landowners searching for alternative incomes, according to Farmers National Company. The company says this is especially true as farmers head into harvest of the 2018 crops with current prices impacted by trade issues. In some states, landowners have also been facing increased costs due to rising property tax bills. For owners who have the right type …

rural mainstreet

Rural Mainstreet Index Rises

Dan Economy, Industry News Release

The Rural Mainstreet Index climbed above growth neutral this 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 of Creighton University says the survey shows expansion of the economy outside of agriculture, but adds “the negative …

rising

Using the Productivity Index to Figure Cash Rents

Dan Industry News Release

Right now, farmers are in the middle of negotiating 2018 cash rents. This while their incomes have been depressed for four years. Agricultural economist Gary Schnitkey has been working up a way for landowners and their tenants to feel better about bringing cash rents down. The University of Illinois number cruncher has developed a formula to derive cash rent from …