perdue

Perdue on Current Financial Challenges for Farmers

Dan Economy

Farmer concern regarding low prices and the farm economy led to a sharp drop in the August Ag Economy Barometer. The Perdue/CME Group economic measure fell 29 points compared to July, as producers’ concerns about the future of the farm economy led to a more negative outlook. At the recent Farm Progress Show, Agriculture Secretary Sonny Perdue spent time listening …

agricultural

Farm Income to Increase in 2019

Dan Economy, Industry News Release

(NAFB) — The Department of Agriculture predicts farm income will rise in 2019, despite challenges impacting the farm economy. Last week, USDA reported inflation-adjusted U.S. net cash farm income is set to increase $5.8 billion, up 5.4 percent, to $112.6 billion. U.S. net farm income, a broader measure of farm sector profitability that incorporates noncash items including changes in inventories, …

country financial

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 …

sba

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 …