farmland acres

70 Percent of Farmland to Change Hands in Next 20 Years

Dan Economy, Industry News Release

Farmers National Company says 70 percent of farmland will transfer ownership over the next 20 years. The transfers will occur by sale, will, trust beneficiary or gifts, according to the company. For farm and ranch operations, land is by far the most significant asset in this transfer of wealth. Over the next five years, ten percent of the 911 million …

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. …

commodity

Agri View: Mixed Commodity Prices

Dan Agri View, Economy

Everett Griner talks about seasonal changes having an impact on commodity prices in today’s Agri View. Mixed Commodity Prices You know, it’s not just the tariff situation that has an impact on agriculture and the farm economy. There is farm credit. Some high-up officials, that deal with the problem every day, are inclined to believe that high interest rates and …

trump

Farm Futures Survey: Farmer Support for Trump Slipping

Dan Economy, Industry News Release, Trade

A poll by Farm Futures shows support to Donald Trump from farmers is slipping. The survey found that 60 percent of farmers would vote for the president if the election were held today. That’s down from the 75 percent support level Trump received from growers in the 2016 election. Meanwhile, 24 percent said they would not vote for reelection and …

wheat

Poll Shows Voters Narrowly Support Aid for Farmers

Dan Economy, Industry News Release

A poll by Morning Consult and Politico shows nearly six in ten voters favor President Trump’s $12 billion plan to provide aid to farmers suffering from his trade policy. Nearly 2,000 registered voters were surveyed, and 57 percent either somewhat or strongly support the farmer aid package that was announced a week ago. Support came primarily from Republicans, with nearly …

nuisance

Roundtable to Discuss Nuisance Lawsuits

Dan Economy, Industry News Release

Agriculture leadership and lawmakers will come together Friday to discuss the threat that nuisance lawsuits pose to the U.S. agriculture industry, rural America, and farm families. North Carolina U.S. Representative David Rouzer, and Senator Thom Tillis, along with House Agriculture Committee Chair Mike Conaway, and North Carolina Agriculture Commissioner Steve Troxler, will convene the National Agriculture Leaders Roundtable, which will …

tax cuts

Farmers Benefiting from Trump Tax Cuts

Dan Alabama, Economy, Industry News Release

Farm families are reaping the benefits of the Tax Cuts & Jobs Act (TCJA) signed by President Donald J. Trump in December, according to a U.S. Department of Agriculture (USDA) report. The Economic Research Service (ERS) studied 2016 Internal Revenue Service and USDA data and released findings last month showing the effective tax rate for farmers is 3 to 6 percent …