PLC

Peanut Farmers looking into PLC Payments

The average price for peanuts received by farmers is yet to be determined for the full year because we have it posted May, June, or July. But after that, farmers are thinking about a PLC payment that will come, or price loss coverage payment, that will come after October the 1st. That’s the new peanut program payout if farmers do …

USDA Raises 2021 Farm Income Forecast

The final farm income picture for 2021 is shaping up even better than had been expected. USDA’s Economic Research Service (ERS) recently updated their farm sector profit projections, which are now forecast to increase this year. Gary Crawford has more details. Spiro Stefano, ERS Administrator, outlines some of the changes in this new farm income forecast, compared to the last forecast three …

Small Family Farms and Off-Farm Income

Several small-sized farms in the United States rely on the principal operator or spouse to bring in off-farm income, but how does that affect the farm’s bottom line? Rod Bain has the story. Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2026FL Cattle Enhancement Board Wraps up Funding YearJune 30, 2026Florida Cattle Enhancement Board Awarded Researcher Discusses New World Screwworm OverviewJune 19, …

Ag Lenders Say Farmers Depend on Off-Farm Income

The chief economist for the American Farm Bureau Federation says the worst threat to farmers currently is a general economic recession. It’s because so many farmers have now become dependent on off-farm income to make ends meet and stay in operation. Farm Bureau’s Chief Economist, John Newton, spoke during a panel of ag economists’ discussion at the Crop Insurance Industry …

USDA Predicts 12 Percent Drop in Farm Income

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 …

USDA Announces Early Release of Select Commodity Tables

On November 2, 2018, at 12:00 p.m. EDT, the U.S. Department of Agriculture (USDA) will release selected tables prepared for the upcoming USDA Agricultural Projections to 2028 report. USDA will post online tables containing long-term supply, use, and price projections to 2028 for major U.S. crops and livestock products and will include supporting U.S. and international macroeconomic assumptions. The short-term …